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NYSE trade advice (A): US finance stock | 10-11% gain | USA stock trading picks on 14 Aug 2024

Date
August 14, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Trading Signals in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Rocket Companies
  • 18 – 18.5
  • 20 – 20.5
  • Below 17.2
  • 10% – 11%
  • 10 - 12 Days
  • Buy
    Rocket Companies
  • Buy
    Range
    18 – 18.5
  • Target
    20 – 20.5
  • Stoploss
    Below 17.2
  • Upside
    Potential
    10% – 11%
  • Trade
    Duration
    10 - 12 Days
    • * Once the first target hit, reset the StopLoss at your buying price.

    Rocket Companies (NYSE: NYSE) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • RKT
  • Rocket Companies
  • Finance
  • 18.705
  • 7.17
  • NYSE code RKT
  • Stock Name Rocket Companies
  • Sector Finance
  • 52 Weeks High 18.705
  • 52 Weeks Low 7.17

  • Rocket Companies (NYSE: NYSE) vs NYSE - Relative Strength Comparison

    The image compares Rocket Companies's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    RKT —   NYSE —

  • Rocket Companies (NYSE: NYSE) - Technical Analysis (Daily)

    Rocket Companies - Technical Analysis chart on Daily Price and Volume
    Rocket Companies - Technical Analysis chart on Daily Price and Volume

    • The stock price has developed an Inverted Head & Shoulders pattern following a significant downward trend.
    • After breaking out, the price experienced a strong upward surge but faced resistance around the 15 level.
    • Consequently, the stock price declined and transitioned into a consolidation phase.
    • During this period of consolidation, an Ascending Triangle pattern emerged.
    • With a recent breakout backed by substantial volume, the price is currently on the rise.

  • Rocket Companies (NYSE: NYSE) - RSI Indicator

    Rocket Companies stock analysis based on RSI indicator
    Rocket Companies - RSI indicator

    • Current RSI of this stock is 68.32, which indicates the strength of buyers.

  • Rocket Companies (NYSE: NYSE) - ADX & DI Indicator

    Rocket Companies stock analysis based on ADX & DI indicator
    Rocket Companies - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Rocket Companies (NYSE: NYSE) - MACD Indicator

    Rocket Companies stock analysis based on MACD indicator
    Rocket Companies - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Rocket Companies (NYSE: NYSE) Stock Price Forecast

    Based on our USA stocks advisory, Rocket Companies stock price target will be USD 20 - USD 20.5 in the next 10-12 trading sessions.

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    Target hit. Trade closed.

    NYSE: RKT

    Verified in  
    14 Aug 2024
    23 Aug 2024
    23 Aug 2024
    7 days
    Loss per
    100,000 SAR
    Stop-loss
    17.2
    Buy Advice
    14 Aug 2024
    18 – 18.5
    Target 1
    23 Aug 2024
    20
    Target 2
    23 Aug 2024
    20.5
    Profit per
    100,000 SAR
    7 days
    12637
    • 12.6%
    17.2
    18 – 18.5
    20
    20.5
    12637
    • 12.6%
    14 Aug 2024
    23 Aug 2024
    23 Aug 2024
    7 days
    Loss per
    100,000 SAR
    Stop-loss
    17.2
    Buy Advice
    14 Aug 2024
    18 – 18.5
    Target 1
    23 Aug 2024
    20
    Target 2
    23 Aug 2024
    20.5
    Profit per
    100,000 SAR
    7 days
    12637
    • 12.6%
    17.2
    18 – 18.5
    20
    20.5
    12637
    • 12.6%

    Trading Signals in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Rocket Companies
  • 18 – 18.5
  • 20 – 20.5
  • Below 17.2
  • 10% – 11%
  • 10 - 12 Days
  • Buy Rocket Companies
  • Buy
    Range     18 – 18.5
  • Target 20 – 20.5
  • Stoploss Below 17.2
  • Upside
    Potential     10% – 11%
  • Trade
    Duration     10 - 12 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Rocket Companies
  • 18 – 18.5
  • 20 – 20.5
  • Below 17.2
  • 10% – 11%
  • 10 - 12 Days
  • Buy
    Rocket Companies
  • Buy
    Range
    18 – 18.5
  • Target
    20 – 20.5
  • Stoploss
    Below 17.2
  • Upside
    Potential
    10% – 11%
  • Trade
    Duration
    10 - 12 Days
    • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Rocket Companies (NYSE: NYSE) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • RKT
  • Rocket Companies
  • Finance
  • 18.705
  • 7.17
  • NYSE code RKT
  • Stock Name Rocket Companies
  • Sector Finance
  • 52 Weeks High 18.705
  • 52 Weeks Low 7.17

    • Company profile

    Rocket Companies, a fintech mortgage loan originator, entered 2024 with strong momentum. CEO Varun Krishna highlighted top-line growth acceleration for the third straight quarter and the highest profitability in two years, along with expanded market share in both purchase and refinance sectors. The company is leveraging its proprietary AI tech stack for future growth, aiming to modernize the fragmented homeownership space.

  • Rocket Companies (NYSE: NYSE) vs NYSE - Relative Strength Comparison

    The image compares Rocket Companies's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    RKT —   NYSE —

  • Rocket Companies (NYSE: NYSE) - Technical Analysis (Daily)

    Rocket Companies - Technical Analysis chart on Daily Price and Volume
    Rocket Companies - Technical Analysis chart on Daily Price and Volume

    • The stock price has developed an Inverted Head & Shoulders pattern following a significant downward trend.
    • After breaking out, the price experienced a strong upward surge but faced resistance around the 15 level.
    • Consequently, the stock price declined and transitioned into a consolidation phase.
    • During this period of consolidation, an Ascending Triangle pattern emerged.
    • With a recent breakout backed by substantial volume, the price is currently on the rise.

  • Rocket Companies (NYSE: NYSE) - RSI Indicator

    Rocket Companies stock analysis based on RSI indicator
    Rocket Companies - RSI indicator

    • Current RSI of this stock is 68.32, which indicates the strength of buyers.

  • Rocket Companies (NYSE: NYSE) - ADX & DI Indicator

    Rocket Companies stock analysis based on ADX & DI indicator
    Rocket Companies - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Rocket Companies (NYSE: NYSE) - MACD Indicator

    Rocket Companies stock analysis based on MACD indicator
    Rocket Companies - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Rocket Companies (NYSE: NYSE) Stock Price Forecast

    Based on our USA stocks advisory, Rocket Companies stock price target will be USD 20 - USD 20.5 in the next 10-12 trading sessions.

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    Article Rating
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