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Rogers Communications Inc. Class BRogers Communications Inc. Class BRogers Communications Inc. Class B

Rogers Communications Inc. Class B

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RCIB trade ideas

RCI, Bear Flag On The Daily As Well As The 4hr Analyzing both the daily and 4-hour charts reveals a very prominent bear flag, which has formed following a steep decline. This pattern is often indicative of further downward movement, and it's hard to ignore the implications. Word on the street is that they're currently in dire straits. Since the Shaw acquisition, they've hemorrhaged 11 billion in valuation. The situation is exacerbated by declining revenues and missed growth targets. In short, it's not looking promising. If the trend continues downward, we might see the price testing the $19 USD mark sooner rather than later. For those who are currently long on this or have any vested interest, it might be prudent to reconsider your position and cut your losses before it's too late.
NYSE:RCIShort
by UnknownUnicorn18924538
5
Rogers Communication RCI.B - Weakness AheadI have been following Rogers Communication for a while watching price unfold as the company has been in the news over the last few months. Firstly, Rogers would like to purchase Shaw communications which will constrict wireless competition landscape even further within Canada and secondly, they had a serious country wide outage a few weeks back which affected millions of their consumers as well as businesses such as Interac and emergency services. The outage revealed how vulnerable their infrastructure is to being affected as they appear to have less than reliable redundancy systems in place. Management noted they will be investing heavily into their infrastructure so this downtime issue will not happen again. Millions will be spend on their networks which will likely affect stock price. Looking at the long term monthly timeframe, I see continued weakness in RCI.B after it breached an old Feb-2019 all time high of $73.82 but was strongly rejected with price currently sitting in the middle of the dealing range between $73.82 and $46.81. Under current price, we have a few levels that I believe price will reach for. 1st target = 56.00 2nd target = 54.70 3rd target = 50.70 4th target = 46.80 Ultimate target for the stock in my opinion is $40.0. Feel free to comment on my idea. Feedback is always appreciated.
TSX:RCI.BShort
by DenisRisticFX
PAY to ROGERS COMMUNICATIONS DailyHey guys, ROGERS COMMUNICATIONS is in a fake bearish trend with a return of buying volume and a refusal from the sellers. Looking at the TIMEFRAME M1 we see a dash with a large volume of purchase that tests the stabilization zone doing a pull back. Great possibility of breaking out the price then at the same time the zone to reach the next high. Then excess on the top after (on TIMEFRAME D1) excess on the last top (on TIMEFRAME H4) two excess and an addition (on TIMEFRAME H1). Not enough force to test the last high point of severe panic at the sight of TREND BASED FIBONACCI EXTENSION. Please LIKE & FOLLOW, thank you!
NYSE:RCIShort
by stephanelibatd
RCI: Sort OpportunityAn intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement close to 50.00% of Fibonacci retracement. Price is likely to oscillate within the parallel channel. Market is currently closed. No market activity presented so far. We ll try to find an entry price between 53.93 - 54.22 just after the opening bell. Furthermore, a complimentary "If Done" analysis that maximizes exposure to risk, but at the same time exchanges acquired profit to zero losses in order to double initial profit. DETAILS ON THE CHART NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST SUCCEEDED PERFORMANCES NOTE: "IF DONE" ANALYSIS, WHEN PRESENTED, REFERS TO 80% OF THE RECORDED BACK TESTED PAST SUCCEEDED PERFORMANCES. DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
NYSE:RCIShort
by TradingStatistics
RCI.B: Symmetrical triangle pattern, Bounce off support ... LongRCI.B.TO Short term (1 mth): Long Long term (1-3 yrs): Long Canadian Telecom's have been underperforming in 2014 especially in the last couple months. Rogers has been the worst performer of the group trading at a significant discount to Telus and Bell because of slowing growth in recent years (Rogers' Net Income actually declined in 2013). With a fat dividend yield over 4%, strong consistent Free Cash Flow, and a sector that really doesn't have much competition I like Rogers over the long term and forecast it to at least trade back to valuations equal to Telus and Bell. Currently Rogers trades at a T12 mth P/E of 13, Telus at 19, and Bell at 18. I think this discrepancy is too large and the soft spots of Rogers are not as bad as the market believes them to be. I believe that Rogers will outperform over the next couple years. With this long term stance, Rogers also appears attractive in the short term, trading in a symmetrical triangle pattern over the last year. Recently bouncing off the support line I have a short term target of $45 and will be watching closely for a breakout near that point. With all of this in mind it may still be early for me to be calling the bounce off the support. Rogers is trading very near the area of support and if breached could mean trouble. Either way I'm comfortable going long this stock.
TSX:RCI.BLong
by StoSto