RKT Technical Signal Analysis
RKT have 4 buy signals and 1 sell signal now. The current trend is uptrend starting from 2025-03-11. The total price change during this trend is +12.82%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of RKT over last 5 trading day is $202,181,835.56
4 Bullish Signal
1 Bearish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
0.65
Bullish
Momentum (10 days)
MOM_10 > 0
0.87
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.49
Bullish
Moving Average
Price crosses above 250-day SMA
--
Bullish
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 > 100
118.6
Bearish
4 Bullish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
0.65
Bullish
Momentum (10 days)
MOM_10 > 0
0.87
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.49
Bullish
Moving Average
Price crosses above 250-day SMA
--
Bullish
RKT Support and Resistance Level
The support levels for RKT are at 13.11, 12.36, and 11.15, while the resistance levels are at 15.53, 16.28, and 17.49. With the current stock price at 14.87, it is leaning more toward the resistance levels.
RKT Technical Analysis
Technical Analysis of Rocket Companies (RKT) and Recommendation
Price Data:
- Close Price: $14.87
- Volume: 6,971,194
- Pre-Market Change: +1.10%
- Regular Market Change: +2.48%
Technical Indicators:
- RSI (14): 58.36 (Neutral)
- MACD: 0.49 (Bullish Signal)
- Stochastic Oscillator: 42.86 (Lower Half)
- Bollinger Bands:
- Upper: 16.24
- Middle: 13.77
- Lower: 11.29
- Width: 0.90 (Moderate Volatility)
Fibonacci Levels:
- Pivot: $14.32
- Resistance Levels: $15.53 (R1), $16.28 (R2)
- Support Levels: $13.11 (S1), $12.36 (S2)
Recent News Impact:
- Acquisition of Redfin: RKT's stock rose 8.12% following the $1.75 billion acquisition, enhancing market position and investor confidence.
Analyst Sentiment:
- Average Analyst Target: $13.31 (stock has crossed above this level).
- Analyst Ratings: Mixed but leaning positive with some target increases.
Conclusion:
The stock is trading above the pivot level with bullish MACD and neutral RSI, indicating potential upside. The recent acquisition and positive news sentiment further support a bullish outlook.
Recommendation:
Buy RKT at the current price of $14.86 with a target price of $15.53 and a stop-loss at $13.77.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Always consult a financial advisor before making investment decisions.
RKT FAQs
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RKT Buy or Sell
RKT has 4 buy signals and 1 sell signals now. Overall the technical rating for RKT is Buy.
Buy
Sell
1
Buy
4
RKT Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 14.87 above the SMA_5. In the short term, the stock shows a positive trend with the 14.03 above the SMA_20. In the mid term, the stock shows a positive trend with the 13.77 above the SMA_60. In the long term, the stock shows a negative trend with the 12.46 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about RKT's current trend?What are RKT's key support and resistance levels?