Rogers stock falls 2.21% as price remains pinned below long-term average

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Rogers slides 2.21% to $35.76 today

Highlights

RCI/USD remains under persistent bearish momentum, trading beneath all key moving averages across short and long-term timeframes.
Momentum and oscillators confirm strong selling pressure, with intraday indicators signaling oversold conditions but no imminent reversal.
Expected trading is likely to consolidate between $35.05 and $36.44, with a high probability of further downside; resistance stands at $36.73.

Bearish momentum as indicators confirm persistent downside pressure

On the h1 timeframe, RCI is trading below its MA-20 at $36.64 and MA-50 at $37.53, while on the daily chart it remains below the MA-200 at $37.13. Immediate resistance is identified at the Ichimoku Kijun level of $36.73. The session closed with the price near the low of the day and with a moderate gap of 0.07 at the open. Short-term momentum indicators are negative, with MACD and ADX both showing sell signals. The RSI reads 26.58, and both Stoch RSI and CCI are in oversold territory, suggesting significant downside exhaustion but with no signal of an imminent reversal. BBP confirms ongoing seller dominance throughout the intraday session, and the Awesome Oscillator remains negative, supporting a prevailing bearish setup.

Further downside likely as consolidation persists within volatility band

In the coming 2–3 sessions, the likely trading range for RCI is expected to be between $35.05 and $36.44, representing a typical volatility band relative to current levels. Downward momentum is expected to persist with a high probability of further declines, while the likelihood of an upward reversal remains low. The base scenario involves continued consolidation within this corridor, with any move above $36.73 required to signal a potential bullish breakout. A drop below $35.05 would confirm additional downside risk.

Anton Kharitonov, expert at Traders Union, sees sustained bearish pressure on Rogers Communications Inc. as the stock remains below all key moving averages and intraday indicators show no sign of reversal. Momentum and oscillator readings confirm sellers are in control, with oversold signals yet to produce meaningful buy interest. He remains cautious on the outlook, expecting the price to stay within the $35.05 to $36.44 range unless a breakout occurs. "Until RCI reclaims $36.73 with strong momentum, I see no reason to shift from a defensive stance."

Earlier, analysts noted that Rogers Communications was experiencing persistent downside momentum and a predominantly bearish technical outlook. The latest technical readings reinforce this view, with continued weakness suggesting traders should monitor the $36.73 resistance level for any sign of a reversal.

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

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