Rogers stock price forecast: Upside break could trigger further gains as RCI trades flat

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Rogers up 0.09% today to $38.64

Highlights

RCI/USD maintains a bullish posture as it trades above key moving average thresholds on both hourly and daily charts.
Near-term momentum is supported by several buy signals, but mixed oscillators and neutral trend indicators warrant caution.
Anticipated price action for the next 2–3 days is confined to $37.91–$39.37, with a breakout above $39.37 likely driving further upside.

Mixed momentum signals as buyer dominance faces confirmation test

On the technical side, RCI is trading above the MA-20 ($38.09) and MA-50 ($38.07) on the hourly chart, and also above the MA-200 ($37.04) on the daily chart. The Ichimoku Kijun at $38.18 provides immediate support. Oscillator readings are mixed: MACD issues a Buy signal, ADX is Neutral, RSI at 60.38 points to a Buy, CCI is also on Buy, while Stoch RSI and the Awesome Oscillator remain Neutral. BBP confirms intraday buyer dominance, but the divergence among oscillators suggests caution is warranted until stronger confirmation of momentum emerges.

Upward bias likely as price holds firm in defined range

Over the next two to three trading days, price action for RCI is expected to remain in the $37.91 to $39.37 range. The probability of an upward move is very high, with a low likelihood of downside in the short term. The baseline scenario envisions the price fluctuating within this volatility band. A break above $39.37 would open potential for further gains, while a drop below $37.91 would bring additional downside risk.

Viktoras Karapetjanc, expert at Traders Union, sees intraday buyer strength in Rogers Communications Inc. as it holds key technical support levels. He notes positive sentiment with price above important moving averages and a high probability of continued upside. However, mixed oscillator signals mean confirmation of momentum is still needed. The analyst expects RCI to remain in the $37.91 to $39.37 range over the next few days. "Given the current technical setup, I believe the bias remains upward, but I will wait for a clear breakout above $39.37 before calling for further gains."

Earlier, analysts noted that Rogers Communications was exhibiting sustained bullish momentum across multiple time frames, while technical signals remained mixed. With new data indicating continued buyer dominance despite some oscillator divergence, traders should monitor for a confirmed breakout above $39.37 as the next catalyst for further upside.

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.