Rogers Communications shares technical analysis: Uncertainty dominates as $32.42 resistance caps upside

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Rogers Communications down 0.74% today

Highlights

Rogers Communications delivered a 1% year-over-year increase in service revenue and adjusted EBITDA for the third quarter of 2026.
Adjusted earnings reached C$1.29 per share and total revenue was C$5.443 billion, both above analyst expectations.
Shares of Rogers Communications trade below key moving averages with most technical indicators favoring sellers, projecting a $31.29 to $32.89 range and 65% probability of further downside.

Earnings outperformance constrained by marginal operational growth

Rogers Communications posted a 1% year-over-year increase in both service revenue and adjusted EBITDA for the third quarter of 2026, confirming only marginal operational growth according to Americanbankingnews. Adjusted earnings of C$1.29 per share for the period, as well as total revenue of C$5.443 billion, exceeded analyst expectations, based on data from Wealthawesome. While these results highlight operational stability and a degree of market outperformance, the narrow earnings growth suggests limited positive momentum in the current environment.

Mixed technical signals as resistance and bearish momentum converge

On the hourly chart, RCI is trading below its MA-20 at $32.58 and MA-50 at $32.21, while on the daily timeframe it is well beneath the MA-200 at $35.77. The Ichimoku Kijun marks immediate resistance at $32.42. Momentum signals remain mixed: MACD is showing a strong buy, but ADX points to a sell. RSI is neutral at 49.74, gradually tilting toward the sell side. CCI and Bull/Bear Power both indicate seller domination, while Stoch RSI offers a strong buy signal. The Awesome Oscillator is neutral, reflecting some divergence among intraday indicators and overall uncertainty, even as most signals are consistent with ongoing price softness.

Downside favored as price consolidates near support

Over the next few days, RCI is expected to trade in a tight range between $31.29 and $32.89, with a 65% probability of further downside and only a 35% chance of an upward reversal. The base case favors consolidation near current levels. Should price action break above the $32.42 resistance, a short-term rally could develop, while a sustained move below $31.29 would likely open the door to further declines within the prevailing volatility band.

Anton Kharitonov, expert at Traders Union, sees Rogers Communications as stuck in a period of weak momentum. He notes limited operational growth and mixed technical signals, with sellers still dominating most indicators. The base case is for consolidation near current levels, with downside risk outweighing any short-term rebound. "Until RCI breaks above $32.42 with conviction, any upside looks fragile and selling pressure will likely persist."

Earlier, analysts noted that Rogers Communications was exhibiting conflicting technical signals and was expected to remain in a period of sideways consolidation. The latest data reinforces this outlook, highlighting the importance of monitoring the $32.42 resistance for signs of a potential short-term rally or a sustained move below $31.29 for increased downside risk.

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.