Rogers Communication stock price forecast: $35.78–$37.47 support range as RCI drops 2.52%
Rogers Communication (RCI) stock is trading at $36.63, down 2.52% on the day. The price remains below its key moving averages, reflecting continued weakness in the short term.
Highlights
- RCI/USD remains under persistent downside pressure, trading below key moving averages across all observed timeframes.
- Momentum indicators signal a strong bearish trend with oversold conditions, confirming dominant selling activity and weak prospects for reversal.
- Expected price range for the next 2–3 sessions is $35.78 to $37.47, with high probability for continued downside unless resistance is breached.
Sustained sell signals with oversold momentum as resistance holds
On the hourly chart, RCI/USD trades below the MA-20 at $37.51 and the MA-50 at $38.16, as well as the long-term MA-200 at $37.12. The Ichimoku Kijun sits at $37.74, acting as immediate resistance. Support is visible around the session’s low. Momentum indicators, including MACD and ADX, point to a Sell bias. RSI, Stoch RSI, CCI, and BBP all signal oversold conditions with strong seller dominance, while the Awesome Oscillator confirms persistent downward momentum.
Downside risk dominates as narrow trading range forms
Over the next 2–3 trading days, RCI/USD is expected to fluctuate between $35.78 and $37.47, representing a typical volatility band relative to current levels. The probability of an upside move is very low, while further downside remains highly likely. Price consolidation within this range is the baseline scenario; a breach above immediate resistance could trigger short-term gains, while a failure of support would likely extend the decline.
Earlier, analysts noted that Rogers Communications was experiencing sustained selling pressure amid an indecisive technical outlook. The current data reinforces this bearish narrative, as fresh momentum signals and persistent downward pressure suggest traders should closely monitor for a potential breakdown below $35.78 in the coming sessions.
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