Rogers Communications stock price prediction: Upside momentum could extend if buyer support holds

Rogers Communications stock price prediction: Upside momentum could extend if buyer support holds
Rogers Communications jumps 3.47% to $32.84

Rogers Communications (RCI) stock is trading at $32.84, rising 3.47% on the day. The price sits above its key moving averages, suggesting near-term momentum remains constructive.

Highlights

  • RCI/USD trades above short- and medium-term moving averages, but remains under longer-term pressure from the 200-day average.
  • Mixed momentum signals show bullish MACD but several other indicators favor sellers, creating divergence in intraday trends.
  • The price is expected to range from $32.34 to $33.34 over the next several days with a 75% chance of upside if support holds.

Bullish MACD and Kijun support contrast with broad seller signals

RCI is trading above its MA-20 at $31.92 and MA-50 at $31.56, but remains below the MA-200 at $35.83. The Ichimoku Kijun line at $31.99 serves as the nearest support. MACD signals strong bullish momentum; however, the ADX, RSI (reading 48.79, Sell), Stochastic RSI, CCI, and Bull/Bear Power indicate seller dominance on the intraday timeframe, while the Awesome Oscillator appears neutral.

Rogers Communications Inc. asset chart
Rogers Communications Inc. price dynamics. Source: TradingView.

Stabilization favored as upside risk dominates in volatility band

Over the next several days, the price is expected to remain within the $32.34 to $33.34 band, reflecting typical volatility in the current environment. There is a 75% probability for further upside movement, with a lower chance of a downside move. The base case is stabilization within this range; a break above resistance could enable a push toward the upper bound, whereas a breach of support at the Kijun ($31.99) may open the way for a bearish pullback.

Anton Kharitonov, expert at Traders Union, notes that Rogers Communications (RCI) shows near-term strength above key moving averages, but technical signals are mixed. He sees bullish momentum in some indicators, yet detects clear signs of seller pressure intraday and warns the price remains below the MA-200. The base scenario is continuation within the $32.34–$33.34 range, with stabilization the most likely outcome. "Until RCI reclaims the $35.83 level, I remain cautious and watch for signs of either breakout or breakdown."

Earlier, analysts noted that Rogers Communications faced a mixed technical outlook with cautious momentum signals and a need for consolidation. The current analysis strengthens this view, highlighting that while near-term momentum has improved, traders should closely monitor price action around the Ichimoku Kijun support for early signals of either further upside or a shift toward renewed downside risk.

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.