ROCKET COS INC-CLASS A (RKT)       9.36  +0.19 (+2.07%)

9.36  +0.19 (+2.07%)

US77311W1018 - Common Stock - Premarket: 9.35 -0.01 (-0.11%)

Technical Rating

8

We assign a technical rating of 8 out of 10 to RKT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RKT is only an average performer.



Both the short term and long term trends are positive. This is a very positive sign.
RKT is part of the Thrifts & Mortgage Finance industry. There are 74 other stocks in this industry. RKT outperforms 83% of them.
In the last month RKT has a been trading in the 6.64 - 9.76 range, which is quite wide. It is currently trading near the high of this range.
RKT has an average volume of 2723370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RKT is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
RKT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 40.96% 39.49% -1.68% -24.33% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 78.91 5.97 - 14.315
RKT Weekly chart
RKT Daily chart

Support/Resistance Analysis


6.31

9.45
We found 3 important support areas.
  • Support @7.34 from a trend line in the weekly time frame.
  • Support @6.79 from a trend line in the daily time frame.
  • A support zone ranging from 6.37 to 6.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

Although RKT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


RKT Daily chart

ROCKET COS INC-CLASS A9.36

NYSE:RKT (1/27/2023, 7:04:01 PM)+0.19 (+2.07%)

Premarket: 9.35 -0.01 (-0.11%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Thrifts & Mortgage Finance

Performance
Today 2.07% 1 Week 6.24%
2 Weeks 9.22% 1 Month 40.96%
3 Month 39.49% 6 Month -1.68%

Volatility
ATR(14) 0.43 ATR(20)% 4.22%
ATR Inc 37.83% Range Today 0.66

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 78.91 Mansfield 0.66
10 Day High 9.76 10 Day Low 8.09
20 Day High 9.76 20 Day Low 6.64
52 Week High 14.32 52 Week Low 5.97
CS1 End 7.34 CR1 Start N/A

Volume & EV
DER(3) -0.55% DER(5) 1.85%
Volume 4.92M Volume Incr 15.06%
Vol(5) 3.00M Vol(50) 2.72M

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