RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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A very strong day for Rocket Companies stock price on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 18.36% PDF

The Rocket Companies stock price gained 5.89% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.76 to $14.57. During the last trading day the stock fluctuated 5.12% from a day low at $13.86 to a day high of $14.57. The price has fallen in 5 of the last 10 days but is still up by 16.65% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 484 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $30.12 million.

The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $15.13 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Rocket Companies stock with a 90% probability to be traded between $11.11 and $15.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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RKT Signals & Forecast

Mostly positive signals in the chart today. The Rocket Companies stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $13.83 and $12.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 32.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Rocket Companies stock

On the downside, the stock finds support just below today's level from accumulated volume at $13.34 and $12.31. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Rocket Companies finds support just below today's level at $13.34. If this is broken, then the next support from accumulated volume will be at $12.31 and $11.56.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.710 between high and low, or 5.12%. For the last week, the stock has had daily average volatility of 4.24%.

Our recommended stop-loss: $14.06 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (RKT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Rocket Companies, Inc. to open at $14.33, and during the day (based on 14 day Average True Range), to move between $13.97 and $15.17, which gives a possible trading interval of +/-$0.599 (+/-4.11%) up or down from last closing price. If Rocket Companies, Inc. takes out the full calculated possible swing range there will be an estimated 8.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.01 (3.02%) than the support at $13.34 (8.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Rocket Companies, Inc. stock A Buy?

Rocket Companies holds several positive signals and is considered to be a good choice at current levels. We expect the Rocket Companies stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.217 Strong Buy Candidate Upgraded

Predicted Opening Price for Rocket Companies, Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$14.33 ( 1.62%) $14.57

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RKT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.04 3.25 %
R2 14.77 1.39 %
R1 14.60 0.237 %
Current price: 14.57
Support S1 14.06 -3.49 %
S2 13.89 -4.64 %
S3 13.62 -6.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 15.01 3.02 %
Current price 14.57
Support S1 13.34 -8.44%
S2 12.31 -15.51%
S3 11.56 -20.66%

RKT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 24, 2022 Mar 07, 2022 Mar 22, 2022 $1.01 9.40%
2 Feb 25, 2021 Mar 08, 2021 Mar 23, 2021 $1.11 4.82%

FAQ

What is the symbol for Rocket Companies Stock and on which exchange is it traded?
The symbol for Rocket Companies is RKT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Rocket Companies Stock?
Rocket Companies holds several positive signals and is considered to be a good choice at current levels. We expect the Rocket Companies stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy Rocket Companies Stock?
Rocket Companies Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Rocket Companies Stock.

What's the current price of Rocket Companies Stock?
As of the end of day on the 2024-03-27, the price of an Rocket Companies (RKT) share was $14.57.

What is the 52-week high and low for Rocket Companies Stock?
The 52-week high for Rocket Companies Stock is $15.19 and the 52-week low is $7.17.

What is the market capitalization of Rocket Companies Stock?
As of the 2024-03-27, the market capitalization of Rocket Companies is 27.322B.

When is the next earnings date for Rocket Companies?
The upcoming earnings date for Rocket Companies is May 02, 2024.
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About Rocket Companies, Inc.

Rocket Companies Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers tec... RKT Profile

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