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Rocket Companies, Inc.

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$RKT Elliott Wave Setup — Wave (3) of 5 LoadingNYSE:RKT Elliott Wave Setup — Wave (3) of 5 Loading Daily | $21.65 Count: ✅ (1) Complete — Nov ✅ (2) Complete — ABC to $17 🔄 (3) In Progress → $29-30 📍 (4) Projected → $23-24 🎯 (5) Terminal → $39.60 Levels: ❌ $17.00 — Invalidation ⚠️ $21.41 — Channel support 📍 $21.65 — Current (0.5 fib) 🔼 $24.88 — Wave (A) high 🔼 $27.48 — 1.0 fib 🔼 $30.34 — Wave (3) target 🎯 $35.00 — 1.618 ext 🎯🎯 $39.60 — Wave (5) / 2.0 ext Confluence: Channel support holding 0.5 fib retracement zone Wave (B) of (3) completing ER Feb 19 = catalyst for Wave 3 impulse R:R: Entry: $21.50 Stop: $20.00 Target: $39.60 R:R = 12:1 Sitting at channel support + 0.5 fib + Wave B completion zone. This is the entry. 🎯🚀
NYSE:RKTLong
by Wavervanir_International_LLC
1
RKT Monthly Chart AnalysisCurrent Setup: Price: $23.24 (+20.04% current month) Testing critical resistance zone: $20.14-$21.47 (prior accumulation range acting as supply) Clean breakout above multi-year consolidation base (~$10-$11 floor) Technical Structure: Bullish Case: Fib retracement from 2021 highs shows price reclaiming the 1.0 level ($20.23) - significant Measured move target at $34.49-$34.73 is geometrically sound (projected from the base width) Monthly close above $21.47 confirms breakout; currently trading through it Volume context needed but price action suggests accumulation phase complete Key Levels: Support: $20.14 (must hold on retests), $11.03 (invalidation) Resistance: $25.80 (1.382 fib), $29.24 (1.618), then measured move target zone $34.49-$34.73 Extended fibs: $40.85 (2.414), $43.83 (2.618) if momentum sustains Risk Considerations: Monthly candle isn't closed yet - wick rejection possible Prior SELL signals (2021) marked major distribution; need confirmation this isn't a lower-high setup Mortgage/housing sector sensitivity to rate environment
NYSE:RKTLong
by Wavervanir_International_LLC
8:23 AM RKT 15m Analysis8:23 AM RKT 15m Analysis Structure: Descending wedge/falling wedge after impulsive move up into supply zone (24.34). Classic continuation pattern forming within the prior bullish displacement. Key Levels: Supply: 24.34 (prior high, marked resistance) Demand: 23.64 (green zone, unfilled FVG from the impulse) Current: 23.82, sitting on dynamic support (orange trendline convergence) Confluence: RSI showing bullish divergence (higher lows vs. price lower lows) at 58-61 range Volume declining on the pullback (healthy for wedge) Price compressing into apex near the 50% retracement of the impulse Trade Setup: Aggressive Entry: Current price (23.82) with stop below wedge support ~23.55 (below demand zone) Risk: ~$0.27/share Target 1: 24.10 (prior swing high within wedge) Target 2: 24.34 (supply retest) R:R ~1:1 / 1:2 Conservative Entry: Wait for wedge breakout confirmation above 24.00-24.05 descending trendline Stop: 23.70 Target: 24.34+ R:R ~1:1 minimum Edge Cases/Concerns: Wedge could break down—if 23.64 demand fails, next support ~23.40 (green MA) Pre-market chart; watch for gap/liquidity issues at open No clear SMC displacement yet on the breakout side Bias: Bullish, conditional on wedge holding. The drawn arrow target (24.34) is reasonable for a measured move.
NYSE:RKTLong
by Wavervanir_International_LLC
RKT Daily Chart AnalysisCurrent Setup: Price at $23.44, +3.40% on the session Just broke above the "Premium" zone (~$23.44 horizontal) and tagged "Weak High" resistance Pre-market showing $23.50 SMC Structure: Multiple CHoCH (Change of Character) and BOS (Break of Structure) confirmations through 2025 Strong Low established around $10.50 (Nov 2025 sweep) Price reclaimed equilibrium (~$17-18) and now testing premium EQH (Equal Highs) clustered around $21-22 area have been swept Key Levels: Immediate resistance: $23.44 (current), then $25-26 (premium extension) Projected targets: $37.55 (cyan horizontal), potentially $40+ per the drawn channel Support: $20.60 (orange ascending trendline), $17-18 (equilibrium), $14-15 (discount OB) Structural Bias: Bullish. The ascending channel from late 2024 lows is intact. Break above weak high suggests liquidity grab setup succeeded, implying continuation toward the $30+ target zone. Caveats: "Weak High" label suggests this level could reject—watch for daily close confirmation Volume profile (bottom bars) shows distribution concentration in lower ranges; thin air above $24 The $37.55 target is ambitious (~60% upside)—would need sustained momentum and likely macro/sector tailwinds (mortgage rates, housing data) Trade Consideration: Long bias valid above $23.44 daily close. Invalidation on daily close below $20.60 trendline. R:R favorable if targeting $30 with stop below $21.
NYSE:RKTLong
by Wavervanir_International_LLC
RKT | Ascending Triangle Apex + $789K Options Flow = Breakout INYSE:RKT Macro Structure (4H) RKT has been compressing in an ascending triangle since mid-2025. We're now at the apex — a resolution is imminent. Structure: Higher lows: $8 → $14 → $16 → $22 Resistance: $25-26 (tested and rejected 3x) Current: $23.45 (coiling at upper bound) Rising trendline support: $22.00 SMC Confirmation: CHoCH confirmed at $10 in early 2025 — macro trend flipped bullish Multiple BOS (Break of Structure) on the way up Currently in Premium zone, consolidating below weak high Equilibrium at $19-20, Discount zone $14-16 Options Flow Confluence Scanned institutional flow and found: MetricValuePremium$789,286Strike$25 (exactly at resistance)ExpiryFeb 20ExecutionAbove Ask (maximum urgency)Score0.93 (exceptional quality)Size7,282 contracts SWEEP Institutions are betting on the breakout. They don't sweep $789K above ask for a rejection play. Catalyst Stack Trump Mortgage Policy — $200B mortgage bond purchase announced, directly benefits RKT Mr. Cooper Acquisition — Makes RKT largest mortgage originator AND servicer in US Redfin Integration — One-stop real estate platform synergies Earnings Feb 25 — Positioned for pre-earnings run Rate Cut Expectations — Fed cuts = mortgage volume surge Price Targets (Breakout Scenario) If RKT closes above $26 on volume: TargetPriceMethodT1$28-30Initial breakout momentumT2$3550% measured moveT3$44Full measured move (triangle height) Measured Move Calculation: Triangle height = $26 - $8 = $18 Breakout point + height = $26 + $18 = $44 Trade Plan Entry: Current ($23.45) or on confirmed break above $26 Stop: Below $22 (trendline break) T1: $28-30 (+20-28%) T2: $35 (+50%) T3: $44 (+88%) Options Play: Feb 20 $25C — directly aligned with flow and breakout level Invalidation Close below $22 = trendline broken, exit Close below $20 = structure failed, full stop Probability Assessment OutcomeProbabilityBreakout to $28-3065%Breakout to $35+40%Rejection at $2625%Breakdown below $2210% Conclusion Ascending triangle at apex + $789K institutional flow at $25 strike + multiple catalysts aligned = high probability breakout setup. Compression leads to expansion. The question isn't IF it moves — it's WHEN. 📐 Chart says breakout 💰 Flow says breakout 📰 Catalysts say breakout When all three align, you pay attention. NFA | DYOR Tags: RKT, RocketCompanies, Mortgage, AscendingTriangle, Breakout, OptionsFlow, SmartMoney, TechnicalAnalysis, SMC, SwingTrade
NYSE:RKTLong
by Wavervanir_International_LLC
RKT - Rocket Companies - $22.70 PTLooking at $22.70 Retest / Price Target for RKT based on the continued bullish movement and breaking through previous levels or resistance at the $19.78 Price Level. We need to confirm support above that level first before moving forward, which justifies the potential for consolidation on the lower support trend before proceeding. Rocket Companies shares are trading higher following softer-than-expected US jobs data. This has caused a drop in yields and could raise hopes of a rate cut, as well as Mr. Cooper stockholders approving the merger with the company.
NYSE:RKTLong
by MyMIWallet
RKT – Cup & Handle Breakout Setup + Bullish Earnings Beat (TargeSummary Rocket Companies (RKT) has formed a multi-year Cup & Handle pattern, now testing the key breakout zone at $19.8–20.2. Last week’s earnings beat (+41% EPS surprise, +6.6% revenue surprise) adds bullish sentiment. A confirmed breakout with volume could trigger a strong continuation move toward higher Fibonacci targets. Technical Confluence Cup & Handle : Clean rounded bottom from 2022–2024 with a shallow handle retracement – classic bullish continuation setup. Harmonic Structure (ABCDX – Bat Variant): AB ≈ 0.55 of XA BC ≈ 0.836 of AB CD ≈ 1.677 of BC D ≈ 0.861 of XA – potential resistance zone, but breakout above invalidates the short harmonic bias. Momentum Indicators: RSI trending higher, not yet overbought on daily. MACD positive with expanding histogram. Stochastic elevated, which can remain high during strong breakouts. Volume: Recent spikes around earnings support the possibility of sustained interest. Trade Plan Breakout Trigger Daily close > $20.20 Volume ≥ 1.5× 20-day average volume Entry Levels Conservative: $20.20–20.60 after confirmed breakout + retest Aggressive: $19.20–19.60 on handle bounce (higher risk) Stop Loss Conservative: < $17.40 (below handle low / major support) Aggressive: < $18.10 (break back into handle) Profit Targets T1: $21.8–22.5 (prior swing high / X point) T2: $25.5–26.8 (Fib 1.272 extension) T3: $30–33 (Fib 1.618 extension & full cup projection) Invalidation Weekly close < $17.5 would negate the bullish structure in the medium term. Alternative Scenario (Bull Trap) If $20.2–20.5 rejects with a reversal candle + low volume, expect a pullback toward $18.2–17.5. A break below $17.5 could extend to $15.8 support. Fundamental Context Earnings Beat: EPS surprise +41% ($0.04 vs. $0.028 est.), Revenue +6.6% above estimates. Macro Sensitivity: Highly responsive to mortgage market and interest rate outlook. Rate stabilization or declines could act as a tailwind. Next Catalysts: U.S. inflation data, Fed rate policy updates, mortgage origination volumes. Risk Management Only take breakout entries with volume confirmation. Scale out partial profits at each target. Move stop-loss to breakeven after T1 is reached. Position sizing: risk ≤ 1–2% of account equity. TL;DR RKT is at a critical Cup & Handle breakout zone post-earnings beat. A confirmed breakout > $20.20 with strong volume targets 22.5 → 26.8 → 30–33, stops at 17.4–18.1. Watch for rejection signals at $20.5 for a possible short-term pullback. #RKT #CupAndHandle #BreakoutSetup #HarmonicPattern #TechnicalAnalysis #SwingTrade #EarningsBeat
NYSE:RKTLong
by aviranos
1
RKT Consolidates Above $10 Ahead of $18 BreakoutNYSE:RKT has been consistently making higher highs since late 2022. A rally toward the end of 2023 drove the price up from $7 to around $18. Although the expanded supply block at that level has capped further gains, the price continues to consolidate above $10, still finding support from the mitigation block in that area. However, because the consolidation is ongoing, the current price trend remains unclear—both the 30- and 50-period EMAs are flat. In the medium term, once this consolidation phase completes, the price is expected to resume its move back toward $18 and beyond.
NYSE:RKTLong
by The_Quantastic
Rocket Companies (RKT) – Fintech-Driven Mortgage GrowthCompany Overview: Rocket Companies NYSE:RKT is a fintech leader in mortgage and real estate solutions, leveraging AI-driven efficiency to enhance profitability and market share. Key Catalysts: Surging Profitability & Efficiency 💰 Adjusted EBITDA margin rose to 18% in Q4 2024, up from 2% a year prior, reflecting strong financial performance. Rocket Mortgage Growth 📊 Net rate lock volume surged 47% YoY to $23.6 billion, far outpacing industry trends. Expanding Servicing Portfolio 📈 The $593 billion servicing portfolio (+17%) provides stable revenue and cross-selling opportunities, acting as a hedge against rate volatility. Resilient Market Share Expansion 🏆 Despite industry headwinds, Rocket continues to grow market share, proving its competitive edge in mortgage lending. Investment Outlook: Bullish Case: We are bullish on RKT above $11.80-$12.00, driven by profitability gains, market expansion, and portfolio strength. Upside Potential: Our price target is $20.00-$21.00, reflecting sustained growth and operational efficiency. 🔥 Rocket Companies – Powering the Future of Mortgage & Fintech. #RKT #MortgageTech #FintechGrowth
NYSE:RKTLong
by Richtv_official
Speculative Price Prediction of Rocket Companies, Inc. (RKT)Price Prediction: Short-term (1-3 months): The price is likely to test the $10.00 support zone. If breached, expect a rapid decline to $7.38. Mid-term (6-12 months): A potential recovery to $13.69 depends on improved earnings and bullish technical patterns, with $15.47 as the upper bound. The technical and fundamental outlook for RKT remains bearish in the short term, with a speculative potential for mid-term recovery contingent on structural improvements and positive earnings surprises. Aggressive traders may capitalize on short opportunities near $10.20, while conservative traders should await a confirmed breakout above $12.50 for long positions. Adherence to strict risk management is paramount due to heightened volatility.
NYSE:RKTLong
by AxiomEx
Rocket Companies Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Rocket Companies Inc. - Hypothesis Entry Bias | VWAP - Retracement 1 | Double Formation At 21.30 - Double Bottom & Falling Wedge | 0 & 0.382 | Retracement 2 - Forecast Template | Range Structure Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:RKT
by UnknownUnicorn87383881