Sideways trading for Rogers Communications stock as $37.50 resistance remains in focus

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Rogers Communications up 0.32% at $36.25

Highlights

Rogers Communications invested CA$22 million in a major 5G+ upgrade at Toronto’s BMO Field, expanding wireless capacity in a key market.
Additional network investments in Vancouver and eastern Ontario strengthen Rogers’ national competitive position and growth outlook.
RCI trades in a consolidation pattern with weak trend signals and is likely to remain within the $35.50–$37.50 range short term.

Expanded 5G investment and dividend appeal drive bullish positioning

Rogers Communications has completed a CA$22 million 5G+ network upgrade around Toronto’s BMO Field, a key infrastructure move that expands advanced wireless capacity in a major metropolitan hub and positions the company for stronger local demand and revenue opportunities. Additional investments, including CA$5 million to enhance Vancouver's network and the recent extension of 5G coverage to 14 more communities in eastern Ontario, further broaden Rogers’ service reach and reinforce its competitive position across Canada. With the upcoming ex-dividend date maintaining the stock’s appeal to income-focused investors, the company’s ongoing commitment to network development and shareholder returns continues to shape the market’s outlook.

Neutral momentum as mixed indicators offset intraday buying

On the technical front, RCI is trading just above the MA-20 at $36.24 but remains below both the MA-50 at $36.31 and MA-200 at $36.82. The Ichimoku Kijun line at $35.72 provides key immediate support. Momentum indicators are mixed: ADX registers at 15.14 and MACD is at –0.05, both reflecting a neutral trend. The RSI is 51.31, in a modest buy zone, while Stoch RSI at 59.72 stays neutral; CCI at –56.62 suggests mild oversold conditions. Bull/Bear Power (BBP) stands at 0.36, indicating strong intraday buying, yet divergences between oscillators and momentum tools point to a fragmented short-term technical landscape.

Sideways risk dominates as momentum stalls near key levels

For the coming week, a typical volatility band relative to current levels is expected in the $35.50 to $37.50 range. Probabilities favor a sideways move as momentum remains weak, with less than a 20% chance of a meaningful price increase. Should bullish momentum emerge and overcome resistance, a test of $37.50 could develop; conversely, a breach of support at $35.50 may prompt a drop toward lower weekly price areas.

Anton Kharitonov, expert at Traders Union, sees Rogers Communications' recent infrastructure upgrades and network expansion as clear positives for long-term positioning. However, he believes the stock's technical picture remains mixed, with momentum indicators and price action showing little near-term conviction. The cautious outlook is further reinforced by the sideways technical setup and limited upside probability. "Until RCI can reclaim and hold above the $36.82 MA-200, my stance stays defensive and I prefer to wait for clearer bullish momentum before considering an entry."

Earlier, analysts noted that Rogers Communications shares remained under technical pressure, with a sideways trading bias prevailing amid mixed momentum signals. With recent investments in 5G infrastructure now factored into the technical landscape, traders should watch for a potential shift in range as renewed buying interest could set up a move out of the current consolidation if resistance is overcome.

Source of Data: Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.