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Rogers Communications's 15min chart triggers RSI Overbought, KDJ Death Cross, Bearish Marubozu signals.
ByAinvest
Monday, Aug 18, 2025 10:18 am ET1min read
Rogers Communications's 15-minute chart has triggered several bearish indicators, including an overbought RSI, a KDJ Death Cross, and a Bearish Marubozu pattern on August 18, 2025 at 10:00. This suggests that the stock price has risen too rapidly and exceeds the underlying fundamentals' support level, leading to a shift in momentum towards the downside. As a result, there is a potential for further decreases in the stock price. Sellers currently dominate the market, and bearish momentum is likely to persist.
Rogers Communications' stock has shown signs of bearish momentum, as indicated by several technical indicators on the 15-minute chart. On August 18, 2025, at 10:00, the stock triggered an overbought Relative Strength Index (RSI), a KDJ Death Cross, and a Bearish Marubozu pattern. These indicators suggest that the stock price has risen too rapidly, exceeding the underlying fundamentals' support level and signaling a shift in momentum towards the downside [1].The overbought RSI indicates that the stock price has risen too quickly, making it susceptible to a correction. The KDJ Death Cross and Bearish Marubozu pattern further confirm this bearish trend, as they suggest a potential reversal in the stock's upward trajectory. Currently, sellers dominate the market, and bearish momentum is likely to persist.
While these technical indicators suggest a potential decline in the stock price, it is essential to consider Rogers Communications' fundamentals. The company recently announced a satellite-to-mobile text messaging beta trial, which could potentially expand its service offerings and customer base. Additionally, Rogers Communications has seen increased institutional ownership, with Aigen Investment Management LP increasing its stake by 56.3% in the first quarter of 2025 [2].
Despite these positive developments, the company's stock price has been affected by bearish technical indicators. Investors should monitor the stock's performance closely and consider the potential impact of these indicators on the stock price. As always, it is crucial to conduct thorough research and consider both technical and fundamental factors when making investment decisions.
References:
[1] https://www.barchart.com/stocks/quotes/RCI-B.TO
[2] https://www.ainvest.com/news/rogers-communications-barclays-maintains-equal-weight-raises-pt-33-31-2508/
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