Rocket Companies, Inc. | RKT

Daily Technical Analysis of Rocket Companies, Inc.

Rocket Companies is up a bit on the day, funds flowing in kept the price up 1.91% since yesterday.

The Banks company isn't at an immediate support or resistance level that might be predictive. RKT hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. RKT might find some support at the 16.41 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Rocket Companies By Price Target And Rating

Overall, the analysts have a more negative view on Rocket Companies but it's not a very strong negative. The current Analysts Sentiment Score is -15.36. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2023-03-02 The Goldman Sachs Group increased their price target by 14.29% to $8.00. Credit Suisse Group reiterated a rating of Underperform on 2023-03-02 and provided a price target of $7.00. On 2023-03-01 Citigroup increased their price target by 14.29% to $8.00. JPMorgan Chase & Co. provided a price target boost of 14.29% to $8.00 from $7.00 on 2023-01-10. On 2023-01-06 Barclays increased their price target by 33.33% to $6.00. Wells Fargo & Company boosted their price targ by 42.86% to $10.00 on 2022-12-06. On 2022-11-23 UBS Group set their price target to $8.00. Argus downgraded from Hold to Sell on 2022-11-16. Morgan Stanley announced a lowering of their price target to $6.50 from $7.00 on 2022-11-04. Piper Sandler announced a lowering of their price target to $8.00 from $9.00 on 2022-09-30.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Rocket Companies

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Rocket Companies

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.