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Rocket Companies, Inc.

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RKT trade ideas

Top 5 Weekly Trade Ideas #2 - RKT Bear FlagRKT was recently on the top 5 list, that one was a bullish idea that worked out nicely. We've seen some of the rate cut hype start to fall recently and RKT has gone down with it. So far it has held within its bull flag from the previous idea and is holding up, but now we have a shorter term bear flag as well. If the bear flag breaks first downside target would be the bottom end of the bull flag and then the previous swing low around 14.75. Stop loss above the top end of the bear flag.
NYSE:RKTShort
by AdvancedPlays
Top 5 Weekly Trade Ideas #1 | RKT Bull Flag | Part 2This is part 2 for the RKT trade idea this week. This is nearly the exact same setup we see on the 4hr, but it's on the 15m. If we get a break to the upside, first target will be the trendline from the bull flag on the 4hr. Final target would be around the 21.28 mark, a previous swing high which is at the top of this bull flag. You can play this smaller time frame pattern for a quicker move, or buy some more time and play the 4hr bull flag instead. This is nice to see for bulls because have both timeframes indicating continued bullish momentum may be coming.
NYSE:RKTLong
by AdvancedPlays
Top 5 Weekly Trade Ideas #1 | RKT Bull Flag | Part 1It's no secret that the fed is planning to cut rates this week, although unclear on how big of a cut. Either way. RKT is sensitive to interest rates and has seen some strong momentum as rate cut expectations have risen. I'd be careful trading around FOMC and this week may be prone to fakeouts. However, the chart is currently bullish in addition to the fundamental reasons above. We have a nice bull flag here on 4hr, it closed near the top end last week. If we get a break to the upside, I'd enter calls targeting resistance from 2020 around 22.80. That area also lines up with the target projected using the length of the flag pole. In addition to this bull flag on the 4hr, we also have a shorter term one which I'll share in part 2 of this trade idea.
NYSE:RKTLong
by AdvancedPlays
Rocket Companies (RKT) AnalysisCompany Overview: 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. Institutional Interest: Investor confidence is evident, with the Swiss National Bank increasing its stake by 4.1% in Q1, now holding 237,000 shares. Financial Performance: Rocket Companies reported an adjusted revenue of $1.2 billion in its latest quarterly report, exceeding guidance and marking year-over-year growth acceleration for the third consecutive quarter. Investment Outlook: Bullish Outlook: We are bullish on NYSE:RKT above the $13.00-$14.00 range. Upside Potential: With an upside target set at $20.00-$21.00, investors should consider Rocket Companies' impressive financial performance and strong institutional interest as key drivers for future stock appreciation. 📊🏡 Monitor Rocket Companies for promising investment opportunities! #RKT #FintechStocks 📈🔍
NYSE:RKTLong
by Richtv_official
ROCKET COMPANIES $RKT - Apr. 5th, 2024ROCKET COMPANIES NYSE:RKT - Apr. 5th, 2024 BUY/LONG ZONE (GREEN): $13.55 - $14.75 DO NOT TRADE/DNT ZONE (WHITE): $12.80 - $13.55 SELL/SHORT ZONE (RED): $11.50 - $12.80 Weekly: Bullish Daily: DNT 4H: Bearish The weekly timeframe has a bullish trend with strong bearish momentum on the most recent candle as the week is wrapping up. The daily timeframe has a breakdown of bullish structure and a retest of the most recent zone that I am using as my trend determiner, I would label this as DNT until we see a new lower low created, even if it were only a wick below 12.80. The 4H timeframe gives a better showing of the strong bearish momentum and the retest of the broken zone. After the retest the bearish momentum continued to reinforce the bearish trend. Any break below 12.80 would confirm the bearish trend and where I'd start to look for short entries. A break above the zone bottom at 13.55, where the bearish momentum continued and where price retested, would signal a reversal into a bullish trend. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, rocketcompanies, rkt, NYSE:RKT , rocketmortgage, rktstock, rkttrend, rocket, rocketcompaniesstock, rktlong, rktshort, rktanalysis, interestrate, mortgagerate, ratecuts,
NYSE:RKT
by TonyAiello
ROCKET COMPANIES $RKT - Mar. 5th, 2024ROCKET COMPANIES NYSE:RKT - Mar. 5th, 2024 BUY/LONG ZONE (GREEN): $12.35 - $14.20 DO NOT TRADE/DNT ZONE (WHITE): $11.75 - $12.35 SELL/SHORT ZONE (RED): $10.20 - $11.75 WEEKLY: Bullish DAILY: Bullish 4H: Bullish Bit messy today but hoping this provides more insight and support into how I've been following price movement. Labeled previous bullish trends letters A-E. Labeled previous bearish trends letters F-I. Previous bullish trend and bearish trend beginnings are labeled with arrows. Last week we saw price go from a DNT zone into a bullish trend on the weekly timeframes after breaking above level $11.75 and zone top level $12.35. Currently seeing rejection of level $12.80 down to the previous zone (top level $12.35; bottom level $12.20). Despite the test and the two red days the bullish trend is still holding, but it should be noted the 4H has wicked into a new low. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NYSE:RKTLong
by TonyAiello
RiskMastery's Breakout Stocks - RKT EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential. In this edition, we'll be looking at NASDAQ:CLRB ... I believe this code is at a point of potential volatility. If price can hold above $3.50 ... Bullish potential may be unlocked. My key upside targets include: - $5.70 (Conservative) - $6.80 (Medium) - $9.95 (Aggressive) If however price falls below $2.70 ... Bearish risk potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
NYSE:RKTLong
by RiskMasteryOfficial
RKTSo I am looking for some information on why investors are thinking RKT is a good buy right now. I see some technical that suggest it might be, but from a fundamental standpoint and economical standpoint I feel this company is a short. This company has negative earnings and is in a highly competitive market. True there is talk about interest rates dropping. But after interest rates have been below and around 3% for about two years on a 30 year mortgage most people are locked into a lower interest rate and won't be refinancing. So then its going to be new home buyers which are having to compete with higher interest rates and lower supply of housing causing most of them too not be able to purchase. This in my opinion means the mortgage market will be extremely competitive to get the low supply of contracts. If interest rates were going to really help this company why didn't it sky rocket during the pandemic when all mortgage companies were going bonanzas? I feel like this should be a short. So I would like to hear what other investors are thinking below. I don't want to buy or short just yet. Just looking for opinions. I am not an expert and don't use my information to decide on your trades.
NYSE:RKTShort
by jayme777
3
ROCKET 🚀 :UPCOMING EARNINGS ARE CRTICAL FOR DIRECTIONROCKET is displaying a technical setup of STRENGTH right now...mainly the shorter 100 Ema crossing over the longer 200 EMA Daily Timeframe...😍 golden crossovers 🚀 . Good earnings and we pop over resistance... this could be a really nice upwards play to minimum of $17 after resistance of $11.41 (100 EMA weekly timeframe) If this 3rd attempt to break resistance fails...this could trigger a deep reversal $8.50 minimum I have already removed all profits and left some $11 CALLS as runners ... these are free plays and no risk to me. if price moves up early in trading week prior earning may grab some cheap $8 PUTS.
NYSE:RKTLong
by Midas_Mouse
$RKT New Strategy May BackfireThe nation’s largest retail home lender Rocket Companies (NYSE: RKT) introduced ONE+, a new 1% down home loan program. That may be a recipe for disaster for RKT, as it encourages more people to buy homes and increases the risk of these people not being able to pay their mortgages, especially since the program is aimed at low-income Americans. If enough people can not keep up with the mortgage payment and default, it may lead to RKT stock plummeting as the situation resembles that of the 2008 financial crisis which may lead to RKT going bankrupt. RKT Fundamentals RKT just announced its new program ONE+, which will only require home buyers to make a downpayment of 1% instead of the minimum 3%. The other 2% percent needed to reach the required threshold for conventional loans will be paid by RKT. While the 1% down payment will give more Americans access to home ownership, it also increases the risk of more people defaulting. ONE+ will completely eliminate the monthly mortgage insurance fee for the client – which is traditionally required if the buyer places less than 20% down on their purchase. This all seems good for the customers, but it will put a huge strain on RKT’s financials, as RKT has removed one source of its revenue in the mortgage insurance fee and added the burden of paying the remaining 2% to reach the conventional loan requirements of 3% in down payment. RKT incentivizing low to moderate-income Americans to own homes is similar to what happened in the 2008 financial crisis when lenders tried to incentivize low-income Americans to become homeowners. Another similarity is that existing home sales have declined to levels not seen since 2008 in December 2022. What makes matters worse is that the median house price has increased more than 30% since 2020. That, combined with the fact that Americans’ credit card balances have increased again after plummeting during the pandemic due to the stimulus checks, indicates that people will struggle to keep up with their mortgage payments, and some people will have to default at some point. If enough people defaulted, that would mean that RKT may go bankrupt. RKT Financials In its Q1 2023 report, RKT’s assets increased 5% QoQ from $20 billion to $21 billion, and its cash and cash equivalents increased 23% QoQ from $722 million to $893 million. RKT’s total liabilities increased by 12% QoQ from $11.6 billion to $13 billion. Revenue also decreased 75% YoY from $2.6 billion to $0.666 billion. Operating costs decreased almost 37% from $1.6 billion to $1 billion, which contributed to the operating loss increase of 141% YoY from $1 billion in operating income to $0.415 billion in operating loss, which amounted to a net loss of $411 million – a 118% increase YoY. Technical Analysis RKT stock’s trend is neutral with the stock trading in a sideways channel between $8 and $8.43. Looking at the indicators, the stock is trading below the 200, 50, and 21 MAs which are bearish indications. Meanwhile, the RSI is oversold at 27 and the MACD is bearish. As for the fundamentals, RKT stock just witnessed a catalyst in the announcement of its new ONE+ program. Since this program is extremely risky for RKT in the current economic situation, bankruptcy is a real risk for the company if the macro environment does not improve. As a result, shorting RKT could prove to be a profitable decision. RKT Forecast RKT is making a risky business move to incentivize people to start buying homes again, and it’ll probably backfire. The current economic climate of increasing debt and rising interest rates is a dangerous time to introduce the new 1% down payment program as risks of customers defaulting increase, which may see RKT going bankrupt. RKT is a stock to avoid as it faces too many risks.
NYSE:RKTShort
by Penny_Stocks_Today