RCI Rogers Communications Chart, History Price & Graph

Key Takeaways

• RCI remains in a downtrend after a steep decline, with a 15.07% drop over the past 30 days and year-to-date performance at -11.78%.
• Price trading around $33.32, below longer-term moving averages like the 100-day and 200-day but above short-term MAs, signaling potential short-term stabilization.
• Momentum indicators lean bullish on daily timeframe, with RSI(14) at 55.79 (Buy) and MACD(12,26) at 0.11 (Buy).
• Key pivot support at $33.22-$33.42 and resistance at $33.62-$33.82; broader resistance zone near $37-38.
• Bear flag pattern on daily and 4-hour charts suggests caution for potential further downside.

Trend Analysis

Rogers Communications Inc. (RCI) has been navigating a broader downtrend, marked by a significant sell-off that led to heightened volatility. The stock recently experienced large volume during the decline, followed by consolidation. Over the last quarter, price action reflects bearish momentum, with the 52-week range spanning $24.67 to $41.14. Short-term charts show a bear flag formation after the drop, a continuation pattern that traders monitor closely for resolution.

Moving Averages

Short-term moving averages provide a mixed but leaning positive signal. The 5-day simple MA stands at $33.45 (Buy), 10-day at $33.46 (Buy), and 20-day at $33.47 (Buy), with price hovering just below these levels. However, longer-term averages indicate resistance: 50-day EMA at $33.60 (Sell), 100-day SMA/EMA around $34.41-$34.43 (Sell), and 200-day at $36.71 SMA / $35.76 EMA (Sell). This alignment underscores the prevailing downtrend, with price below key 100- and 200-day levels.

Momentum Indicators

Daily momentum shows signs of stabilization. The RSI(14) at 55.793 registers a Buy, moving out of oversold territory without reaching extreme overbought levels. MACD(12,26) at 0.11 confirms bullish divergence with a Buy signal. Supporting indicators include Williams %R at -26.389 (Buy), ADX(14) at 25.114 (Buy), and STOCHRSI(14) at 68.989 (Buy). Neutral readings from STOCH(9,6) and CCI(14) suggest low conviction for immediate reversal, while ATR(14) at 0.1853 points to reduced volatility.

Support and Resistance Levels

Pivot points cluster tightly around current levels: S3 at $33.22, S2 $33.32, S1 $33.42, pivot $33.52, R1 $33.62, R2 $33.72, R3 $33.82. These near-term zones reflect consolidation. Broader resistance emerges near $37.84-$38.10 from trend lines and MAs, while deeper support lies at $26.00 (long-term uptrend base) and potentially $20.00 in a worst-case scenario. Traders eye $32.73 as immediate support.

Volume and Price Action

Recent price action over the last 30 days shows a sharp 15% decline amid elevated volume spikes during the sell-off, indicating strong selling pressure. Current trading displays lower volume in the consolidation phase post-drop, typical of flag patterns. The bear flag on daily and 4-hour timeframes positions RCI for potential breakdown if support fails, or breakout on volume surge above resistance.

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Technical Outlook and Key Levels to Watch

Traders focus on resolution of the bear flag, with a break below $33.22 support risking deeper tests at $26.00 or $32.73. Conversely, a push above $33.82 pivot resistance could target $37-38 zones. Monitor short-term MAs for crossover confirmation, RSI for divergence, and MACD histogram for momentum shifts. Volume expansion will be critical to validate any directional move, alongside price interaction with the 50-day MA near $33.06.

Disclaimer

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