Rocket Companies Stock Jumps 4.64% Extending 2 Day Rally To 9.40%

Rocket Companies (RKT) closed at $14.43 on June 20, 2025, gaining 4.64% and extending its winning streak to two consecutive sessions with a cumulative 9.40% advance, suggesting renewed bullish momentum.
Candlestick Theory
The recent price action shows a bullish reversal pattern near the $12.75-$13.00 support zone established through multiple tests in May 2025. The June 17 hammer candle (low: $13.14, close: $13.19) followed by two consecutive white-bodied candles signals exhaustion of selling pressure. Immediate resistance resides at the $14.60 swing high from June 20, with a secondary barrier at the $15.40 April 2025 peak. Sustained closes above $14.60 may confirm bullish continuation.
Moving Average Theory
The 50-day SMA ($13.30) recently crossed above the 100-day SMA ($12.80), generating a bullish Golden Cross. This is reinforced by the 200-day SMA ($14.12) flattening after a prior downtrend, indicating a potential trend shift. The current price trading above all three key moving averages suggests emerging intermediate-term bullish bias, though the proximity to the 200-day SMA warrants monitoring for rejection.
MACD & KDJ Indicators
MACD shows a bullish crossover above its signal line with histogram bars expanding positively, confirming upward momentum. Concurrently, KDJ lines exited oversold territory in early June with the %K (84) and %D (79) maintaining separation near overbought thresholds. While both oscillators align with short-term strength, KDJ's overbought territory proximity suggests potential consolidation near-term.
Bollinger Bands
June's price surge occurred during band expansion (20-day volatility: 0.52 vs. May: 0.38), validating directional conviction. The close near the upper band ($14.60) indicates strong upside momentum. However, the 2.5% price deviation above the 20-day SMA ($13.60) approaches extended territory historically associated with minor pullbacks.
Volume-Price Relationship
Recent gains are validated by expanding volume, with June 20 volume (19.7M shares) exceeding the 20-day average by 38%. The two-day rally coincided with the highest volume cluster since May 13, supporting conviction. Notable accumulation occurred during May's basing phase at $12.75, where multiple high-volume reversal candles formed.
Relative Strength Index
The 14-day RSI (68) approaches overbought territory but hasn't exceeded the 70 threshold that marked April's reversal. Current momentum appears healthier than the divergence observed in April when price made higher highs while RSI made lower highs. A break above 70 would warrant caution, but the indicator currently aligns with bullish momentum.
Fibonacci Retracement
Using the $20.81 swing high (August 23, 2024) and $10.28 low (January 10, 2025), key retracements align with recent price action. The $14.49 level (61.8% retracement) capped advances in April, while the current rally is testing this level. The $15.10 (76.4%) level represents the next significant barrier. The recent bounce originated near the 38.2% ($12.68) retracement, establishing it as major support.
Confluence & Divergence
Strong confluence exists near $14.60, where Bollinger Band resistance, Fibonacci 61.8% retracement, and the June 20 high converge. This zone presents a critical test for bulls. Volume confirmation and moving average alignment support continuation potential, though slight negative divergence is noted as RSI nears overbought without yet breaching 70 while MACD remains in bullish territory. A decisive close above $14.60 with sustained volume would indicate breakout validation, while failure may trigger retracement toward $13.50-$13.75 support.