Rogers Communication stock price forecast: $38.05 resistance as RCI gains 1.10%

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Rogers Communication rises 1.1% today

Highlights

RCI/USD faces short- to medium-term selling pressure, with price trading below key moving averages and resistance at $38.05.
Momentum indicators such as MACD and ADX confirm seller dominance, while overbought signals suggest intraday buying interest despite overall weakness.
Expected price range for the next 2–3 sessions is $36.66 to $38.48, with a slight bias toward downside and potential for sideways movement unless key levels break.

Momentum divergences as sellers dominate below key resistances

On the technical side, RCI trades below the MA-20 and MA-50 on the hourly chart, indicating short- and medium-term resistance from these levels, while it remains above the MA-200 on the daily timeframe, highlighting longer-term support. The Ichimoku Kijun sits at $38.05 as immediate resistance. MACD shows a strong sell signal and ADX signals dominance by sellers, whereas RSI at 44.61 indicates a bearish bias. However, Stoch RSI is overbought and CCI is neutral, showing mixed conditions around overbought or oversold status. BBP suggests strong intraday buying interest, while the Awesome Oscillator remains neutral, pointing to a divergence between short-term momentum and underlying trends.

Sideways bias as breakout levels define near-term risk

Over the next 2–3 trading days, RCI is expected to move within a typical volatility band ranging from $36.66 to $38.48. Model probabilities are nearly balanced, with a 48% chance of an upward move versus 52% probability for a decline, making a downside move marginally more likely in the short term. The baseline case is for sideways fluctuations, with a breakout above $38.05 potentially leading to bullish momentum, and a move below $36.66 likely to signal a bearish shift.

Anton Kharitonov, expert at Traders Union, sees Rogers Communication stock facing technical headwinds after failing to reclaim the short- and medium-term moving averages. He notes that strong selling signals are present, while underlying momentum indicators remain mixed, keeping the outlook defensive. The probability of a downside move marginally outweighs bullish scenarios, so the base case is for sideways to lower price action unless $38.05 is decisively broken. "Given the current technical structure, I remain cautious and see no convincing reason to bet on sustained upside until resistance at $38.05 is reclaimed."

Earlier, analysts noted that Rogers Communications faced ongoing regulatory pressures and exhibited predominately bearish momentum, elevating downside risks for the stock. The latest data underscores persistent near-term indecision, so traders should monitor for a break above $38.05 or below $36.66 as confirmation of the next directional move.

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.