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.
AI Analysis of RCKY
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Big movements in Rocky Brands stock price on Thursday moving 11.25% between high and low
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Rocky Brands stock price gained 8.13% on the last trading day (Thursday, 28th Mar 2024), rising from $25.09 to $27.13. During the last trading day the stock fluctuated 11.25% from a day low at $25.16 to a day high of $27.99. The price has risen in 7 of the last 10 days and is up by 6.85% over the past 2 weeks. Volume fell on the last day by -30 thousand shares and in total, 60 thousand shares were bought and sold for approximately $1.63 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.82% during the next 3 months and, with a 90% probability hold a price between $23.17 and $28.73 at the end of this 3-month period.

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RCKY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 10.42%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rocky Brands stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $27.32. On a fall, the stock will find some support from the short-term average at $26.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Rocky Brands stock

Rocky Brands finds support from accumulated volume at $27.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.83 between high and low, or 11.25%. For the last week, the stock has had daily average volatility of 6.43%.

Our recommended stop-loss: $26.18 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (RCKY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Rocky Brands to open at $26.76, and during the day (based on 14 day Average True Range), to move between $25.68 and $28.58, which gives a possible trading interval of +/-$1.45 (+/-5.33%) up or down from last closing price. If Rocky Brands takes out the full calculated possible swing range there will be an estimated 10.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.08 (0.18%) than the resistance at $27.41 (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rocky Brands stock A Buy?

Rocky Brands holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.448 Hold/Accumulate Upgraded

Predicted Opening Price for Rocky Brands of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$26.76 ( 1.36%) $27.13

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

Trading levels for RCKY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 29.59 9.07 %
R2 28.51 5.08 %
R1 27.84 2.62 %
Current price: 27.13
Support S1 25.68 -5.35 %
S2 25.01 -7.81 %
S3 23.93 -11.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 30.64 12.94 %
R2 28.98 6.82 %
R1 27.41 1.03 %
Current price 27.13
Support S1 27.08 -0.184%
S2 26.65 -1.77%
S3 25.09 -7.52%

RCKY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Mar 01, 2024 Mar 18, 2024 $0.155 0.620%
2 Nov 15, 2023 Nov 30, 2023 Dec 15, 2023 $0.155 0.537%
3 Aug 15, 2023 Aug 31, 2023 Sep 15, 2023 $0.155 0.88%
4 May 17, 2023 May 31, 2023 Jun 15, 2023 $0.155 0.763%
5 Feb 15, 2023 Feb 28, 2023 Mar 15, 2023 $0.155 0.657%

FAQ

What is the symbol for Rocky Brands Stock and on which exchange is it traded?
The symbol for Rocky Brands is RCKY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Rocky Brands Stock?
Rocky Brands holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Rocky Brands Stock?
As of the end of day on the 2024-03-28, the price of an Rocky Brands (RCKY) share was $27.13.

What is the 52-week high and low for Rocky Brands Stock?
The 52-week high for Rocky Brands Stock is $32.38 and the 52-week low is $11.78.

What is the market capitalization of Rocky Brands Stock?
As of the 2024-03-28, the market capitalization of Rocky Brands is 201.101M.

When is the next earnings date for Rocky Brands?
The upcoming earnings date for Rocky Brands is May 07, 2024.
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About Rocky Brands

Rocky Brands Rocky Brands, Inc. designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, Muck, XTRATUF, Servus, NEOS, Ranger, and licensed Michelin brand names in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products in approximately 10,000 retail locations through a range of distribution channels comprisin... RCKY Profile

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