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Rocket Companies, Inc.Rocket Companies, Inc.Rocket Companies, Inc.

Rocket Companies, Inc.

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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
BONANZA BOYS EP 3: BLAST OFF 100%'erBONANZA is a quick increase in money yada yada yada we usually looking for quick pumps in price before the dump but we got a good discount here on NYSE:RKT id add this to a more long term portfolio to survive disaster alongside NYSE:UPS in coming market crash im looking for bulls within the bear so this guy makes the cut however to keep safe monitor with alligators any cross below in the recession is a sign to take profit steady insider buying as well from mr cfo made sure to keep it real low key building up positions to a whooping 1 million in share purchases of this 640 million dollar mkt cap company he's definetly aware of whats coming next year hes rich hes informed but he insisting and so am i shout out to @ChartMeNot for this one
NYSE:RKTLong
by Bekiumuzi_Dube
2
Rocket Companies, Inc. (NYSE: RKT)1. Company Overview Background: Founded in 1985 and headquartered in Detroit, Rocket Companies is a fintech platform known for its flagship subsidiary, Rocket Mortgage. The company offers a range of services, including mortgage origination, personal finance, and real estate services under brands like Rocket Homes and Rocket Money. The company's mission is centered around AI-driven, accessible homeownership. Innovation Focus: Recently, Rocket has heavily invested in AI and technology-driven solutions for mortgage and real estate markets, positioning itself as a digital-first player amid the broader trend towards online financial services​. 2. Financial Highlights and Performance Current Revenue and Profitability: Rocket reported revenue growth of 35.6% for 2024 and is expected to continue this growth trajectory into 2025 with a forecasted revenue increase of approximately 28%. The company projects adjusted earnings per share (EPS) growth as high as 125% by the end of 2024, reflecting operational efficiency improvements and higher loan originations​. Earnings Call: Rocket's upcoming Q3 2024 earnings report on November 12 is anticipated to reveal further insights into its financial position. This report will likely be significant as it may impact stock sentiment depending on Rocket's performance relative to mortgage market conditions​. 3. Strategic Moves and Growth Drivers Executive Appointments: Recently, Rocket appointed Papanii Okai, a former Venmo CTO and PayPal executive, as EVP of Product Engineering. This move underscores Rocket's commitment to enhancing its technology infrastructure and positioning itself as a leader in AI-fueled homeownership.​ Strategic Partnerships: In October 2024, Rocket Mortgage partnered with Annaly Capital, one of the largest mortgage real estate investment trusts (REITs), to manage a segment of Annaly’s mortgage servicing clients. This deal may boost Rocket's market share while streamlining servicing operations. Customer Engagement Initiatives: Rocket introduced a temporary "RateBreak" buydown program through Rocket Mortgage, allowing homebuyers to access lower interest rates for the initial two years. This program is aimed at attracting new customers amid rising interest rates​. 4. Market and Competitive Landscape Interest Rate Environment: The recent stabilization and expected cuts in the federal funds rate are likely to benefit Rocket's primary markets, with projected increases in refinancing activity and mortgage originations. However, with strong competition from traditional and digital lenders, Rocket’s ability to maintain its market share is crucial​. Competitive Advantage: Rocket’s technology-centric approach, including advanced data utilization and customer experience initiatives, is widely recognized. The company ranks highly in customer satisfaction in mortgage origination and servicing, according to recent J.D. Power rankings​. 5. Stock Performance and Analyst Sentiment Current Price and Valuation: Rocket’s stock closed at $15.87 on November 8, 2024, with a modest increase in after-hours trading. The consensus 12-month price target is approximately $14.89, indicating a potential downside of 6.2% based on current trading levels. Analyst Ratings: Market sentiment leans bearish, with the majority of analysts maintaining a "Sell" rating on the stock. This conservative stance largely stems from concerns around Rocket’s sensitivity to interest rate fluctuations and potential challenges in sustaining growth amidst housing market volatility​. 6. Future Outlook Opportunities: The expected rate cuts in 2025 could significantly bolster Rocket’s refinancing and origination volumes. Coupled with its AI initiatives and new customer engagement programs, Rocket is positioned to capitalize on a rebound in housing demand. Risks: Despite the positives, the company faces risks from housing market fluctuations, rising competition in digital finance, and the economic sensitivity of its primary services. Summary Rocket Companies is strategically positioned for growth, especially as mortgage markets potentially recover. However, the company’s near-term outlook remains cautious as analysts express concerns regarding its competitive environment and the housing market's unpredictable nature. The upcoming Q3 earnings report will be a key indicator for investors and analysts watching for any signs of improvement in Rocket’s financial health and market adaptability. Overall Sentiment: Cautiously bearish, with potential for positive momentum contingent on mortgage market recovery and the success of Rocket’s strategic initiatives.
NYSE:RKTShort
by putraworks
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