Rogers Communications Inc (RCI): Price Now Near $49.58; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for RCI

At the moment, RCI (Get Ratings)’s price is up $0.23 (0.47%) from the hour prior. This is the 2nd hour in a row RCI has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Communication stocks, RCI ranks 15th in regards to today’s price percentage change.

RCI’s Technical Outlook on the Daily Chart

Currently, RCI’s price is up $0.34 (0.69%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Rogers Communications Inc’s price action over the past 90 days can be seen via the chart below.

RCI

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