RKT trade ideas
RKT: Could This Be The End For The Bears?Nov-04-21, the Rocket Companies reported for third-quarter 2021 revenue of $3.16 billion, beating a consensus of $2.93 billion.
Quarterly earnings of 57 cents per share beat the analyst consensus estimate of 48 cents by 18.75% , (according to a Yahoo article)
The company also exceeded the top end of its closed loan volume and margin guidance.
The third quarter marked the second consecutive record purchase quarter for the company.
The company has $88 billion in mortgage origination closed loan volume in the quarter.
Oct-29-21, Rocket Mortgage, a division of Rocket Companies (NYSE: RKT) has teamed with Salesforce (NYSE: CRM ) in a partnership that will make the Detroit-based company's mortgage origination technology available to banks, credit unions and other financial institutions through Salesforce Financial Services Cloud.
The company has a Market Cap is 32.32B. It has performed very well also during the previous quarters.
The last two quarters were a bit lower than then expected profit, but anyway the company was with very good profits and it keeps expanding in the market.
During the beginning of the year the company was also support from the Reddit forum WSB and was classified from the market as a "meme stock". Anyway my purpose of the analysis it is not related with that part but that gives extra value as well. We all need support to move the price higher:)
From the technical perspective I think that the stock just completed a "Falling Wedge" pattern and broke out.
In my personal opinion $15 was the low for this stock and from here we should begin to see it moving higher.
Targets:
$19.30
$22.3
Thank you and Good Luck!
RKT: Could This Be The End For The Bears?Nov-04-21, the Rocket Companies reported for third-quarter 2021 revenue of $3.16 billion, beating a consensus of $2.93 billion.
Quarterly earnings of 57 cents per share beat the analyst consensus estimate of 48 cents by 18.75% , (according to a Yahoo article)
The company also exceeded the top end of its closed loan volume and margin guidance.
The third quarter marked the second consecutive record purchase quarter for the company.
The company has $88 billion in mortgage origination closed loan volume in the quarter.
Oct-29-21, Rocket Mortgage, a division of Rocket Companies (NYSE: RKT) has teamed with Salesforce (NYSE: CRM) in a partnership that will make the Detroit-based company's mortgage origination technology available to banks, credit unions and other financial institutions through Salesforce Financial Services Cloud.
The company has a Market Cap is 32.32B. It has performed very well also during the previous quarters.
The last two quarters were a bit lower than then expected profit, but anyway the company was with very good profits and it keeps expanding in the market.
During the beginning of the year the company was also support from the Reddit forum WSB and was classified from the market as a "meme stock". Anyway my purpose of the analysis it is not related with that part but that gives extra value as well. We all need support to move the price higher:)
From the technical perspective I think that the stock just completed a "Falling Wedge" pattern and broke out.
In my personal opinion $15 was the low for this stock and from here we should begin to see it moving higher.
Targets:
$19.30
$22.3
Thank you and Good Luck!
$RKT Falling wedge, Divergence, Spring/BacktestThe best confirmation would be above the purple inflection zone at 18.31, but from here youve still got an easy 3:1 trade if you stop out under the low at 14.99.
Clear divergence on multiple oscillators at that level, with a spring and bullish engulfing backtest here on the daily.
RKT $20CMar22.Just bought 4 "RKT" $20CMar22, It is a $280 gamble before earning call. I will build my positions from there, hopefully it will bring good news.
It will probably tank to 30s cents next week, 😀😀😀.
Last year, I bought similar 4 contracts end Jan21, It didn't work out , expired before last March huge pop up; fingers crossed for next year. Good luck.
$RKT - breakout confirmationMonday's move gave confirmation that this breakout should continue. RKT has been a complete pain but you have to respect/enjoy the downside of stocks to be able to respect/enjoy the upside. There will be several resistance areas. $17.22, $18, $19 and more but this company is one of the best in the industry. I think 2022 will continue to show strength in the housing sector since JP and the Federal reserve will not begin increasing rates until 2023 due to tapering and then mid term elections. After that, there will be a lot of concern and slower growth in the housing market as interest rates rise. Higher interest rates mean higher cost to buy a home and will lead to lower housing prices. GLL!
$RKT - breaking outRKT will need follow through Monday but I like the look of this chart. I bought a small long term OTM $22c for fun a month or so ago and then bought some more of it when it was in the $15 range. It is a small position in case this breaks out to the upside in a crazy pattern as it has done a couple times in the past. Should be fun to see if there is follow through and even better if she flies again! GLL!!!
RKT RSI divergence , RSI oversoldRSI divergence , RKT is currently oversold. Upside momentum coming based on past RSI moves
Entry: $15.11-$15.20
SL $15 = or above $14.85
$RKT - PLLLLEEEEEAAAASE I really want to see this moon again just because its been a fun ride last few times. Let's go Rocket!!
$RKT - PleaasssseeeeeI really hope rocket does something fun here. This has been so painful for so long. If she pops big....steaks on me!!! GLL!!
$RKT - Getting closerShe's been a disappointment except for a few weeks since IPO. I would not be surprised if she disappoints again but the December 22c are pretty cheap for a long term lotto fun play. Very tiny position but we shall see :) GLL
$RKT - what are you up to.Rocket has been a disappointment except for roughly 10 days since its IPO. There were more good times but it has had a very hard time gaining and keeping momentum. This RSI on the 1 hour though has me intrigued. Disclosure I bought 12/17 $22c for $0.51 because I was bored and it looks fun. Plenty of time on it and did not buy much. This is for me not my clients.
$RKT 4hrI like the set up on Rocket with bullish triangle pattern, waiting for confirmation of candles before long entry.
RKT wants to take flight!Broke out last week after earnings. Coming to the end of descending pennant. I have these out for next year, it can go to 40 or maybe even 100?
TrendyTrades: RKT BullishBroken major down trend, could be seeing a push up from here with two PT's.
3rd Time A Charm for RKT?RKT 15 min chart showing a very touchy level at the 786 fib line. If broken and held above, this would be the 3rd time that it has done so in a short period of time. But will it stick this time? Strong volume and price action on Aug 2nd. Upcoming earnings will likely determine the trend for RKT stock heading into the middle of H2 2021. You've also got a little bit of the "meme stocks" trend to keep in mind. RKT has been part of this a few times over the last few months as well.
"Retail traders say, “I’m Not Leavin’,” as the hoard of Redditors began forming alliances. Subreddits like r/WallStreetBets, r/PennyStocks, and r/Stocks, all built massive followings of loyal members looking to collaborate, and, in some cases, commiserate with eachother and the market was the centerpiece...This mob mentality would ultimately stoke the fire that became the massive GameStop (NYSE: GME) short squeeze of 2021. The event would eventually spark interest in similar – or sympathy – trades like Express (NYSE: EXPR), BlackBerry Ltd. (NYSE: BB), and even Rocket Companies Inc. (NYSE: RKT). The new market niche of “meme stocks” actually sparked enough attention that a new ETF was created, VanEck Trust Social Sentiment ETF (NYSE: BUZZ)."
Quote Source: Why Penny Stocks Are The Focus For Reddit Investors In 2021
$RKT | Still A Valid Long SetupRKT is consolidating at the lows. Watch for a breakout of $18 & the flag for confirmation
RKT: A Bullish Movement Is Expected Very SoonAs we can see from the 4-hour chart the price is testing a very strong support area. Recently, $ RKT has made this place a favorite area for traders to buy at with full power. The Rocket Company is testing the area for the second time since joining the NYSE.
Targets:
$19.50
$22.65
Thank you and Good Luck!
RKT to the Moon!RKT broke out and looks like it's retesting the support. Good chance it will bounce off 18.93 or 18-18.14 support.
Either way, LEAPS play.
Company valuation has changed to ~30-50 area. Some analysis predicts it's valuation will be near $100 in the next 5 years!
RKT 24/06/2021 LongAsset and Time frame -RKT,1D
Entry Price -20.15
Exit(Stop Loss) -19.21
Exit(Take Profit) -25.92
Technical Analysis -Price has been going down and sideways for quite some time,we've had some nice volume at the bottom buying and a few candles afterwards a strong bullish engulfing, also price made an ABC pattern on the daily Fibonacci level with some significant candle and volume on the 61.8 level
RKT - Is in Buy ZoneRKT is on the last support line (BUY ZONE)
BlueWave will give a nice green dot buy signal soon
$RKT | Still A Long Above $16 $RKT retraced all the way back to the breakout structure. I still expect this to bounce and move higher.
Entries now with targets based on the arrows
