Rogers stock trades flat amid confirmed uptrend with strong momentum
Rogers Communications Inc. (RCI) stock is trading at $38.84, rising 0.71% on the day and ending near its session high. The stock remains above its key moving averages, reflecting continued strength in short-, medium-, and long-term trends.
Highlights
- RCI/USD maintains a bullish trend across short, medium, and long-term timeframes, trading above all major moving averages.
- Technical momentum is strong with multiple buy signals, indicating buyers remain in control and upside probability is high.
- The expected price range for the coming sessions is $38.08–$39.60, with immediate support at $38.35 and resistance overhead.
Technical strength confirmed as indicators and supports align
RCI is currently trading above the MA-20 ($38.62), MA-50 ($38.17), and MA-200 ($37.08) levels. The Ichimoku Kijun at $38.35 acts as immediate support. Technical indicators are mostly positive: MACD is on Strong Buy, ADX signals Buy, RSI reads 59.43 (Buy), CCI is also on Buy, and BBP registers Strong Buy. Stoch RSI is Neutral and the Awesome Oscillator shows a Neutral reading.
Bullish breakout likely as limited downside risk persists
In the short term, RCI is expected to consolidate within the $38.08–$39.60 volatility band relative to current levels. The probability of an upward move is very high, while downside risk is seen as very low. A bullish breakout would push the price above immediate resistance, while a bearish scenario would require a clear break below the $38.35 support.
Earlier, analysts noted that Rogers was maintaining buyer momentum while technical signals remained mixed, supporting a cautiously optimistic outlook. The latest data confirms and strengthens this view, suggesting that continued strength above key moving averages provides a favorable setup for an upside push, with immediate attention on the $38.35 support level as a pivot for near-term direction.
Latest Rogers Communications News
- Forex
- Crypto