$MAXR$MAXR
Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. Maxar delivers disruptive value to government and commercial customers to help them monitor, understand and navigate a changing planet; deliver global broadband communications; and explore and advance the use of space. Maxar's 4,000 team members in 20 global locations are inspired to harness the potential of space to help customers create a better world.
Maxar Technologies Inc shares gained 0.84%, or $0.25 per share, to close Thursday at $29.93. After opening the day at $29.50, shares of Maxar fluctuated between $30.18 and $29.38. 425,191 shares traded hands a decrease from their 30 day average of 658,839.
Thursday's activity brought Maxar’s market cap to $2,169,807,914.
Very bullish to see Maxar Technologies breaking above previous resistance on the daily chart especially as it hasn’t had the greatest of years being down nearly 35% since the start of the year.
So this could be a good opportunity to go long if price is able to hold above previous resistance.
I suggest keeping this on your watchlist
Factor Four
Maxar
$HOL $ASTR Big WeekBeen a bull in this company, but with it hitting the $10 range I did buy some at 10.02 and Friday bought more at 10.77. This week in Holicity/Astra is pretty massive and I believe the upside out weighs the risk. With getting about a 480mil on their balance sheet, this gives a somewhat fair value of $13, which at current price would be about 20% move this week or even more depending on other factors.
News
-Merger is this week on June 30th and Ticker change on July 1st to ticker "ASTR"
-Astra acquired Apollo Fusion, which will give Astra a boost in their Thursters. This will help low orbit and other orbits of Earth while also giving the possibility of sendings their Rockets too the Moon for SATS according to the interview with Astra and Apollo Fusion.
-Has Planet Contract to send SATS
-Was awarded the TROPIC NASA contract, which starts in Q1 of 2022
-Their monthly rocket will be ready around Q4
-Pipe investors can't sell in a 6 month period. Warrents are exchange at $10, not sure on the deadline.
TA: I know the news sounds amazing and theres more to come like the ANN of the summer launch, which no date is available at the time of writing this. It's suppose to launch this Summer.
-Prime Target in the short term is $13.
-Sideways movement is between the zones of 10.76-11.05. Below 10.76 is key buying and above 11.05 is lots of sellers.
-RSI is oversold and could see a bounce Monday with merger coming soon.
-MACD is looking to flip Bullish
-VPVR levels 10.84-10.90 with next high vpvr levels being in our trading zone of sellers. if we break above 11.26 next level is 11.37 than 12.28
-EMA's are consoldating, but squeezing suggesting a pretty big move ahead.
Final Thoughts:
I'm bullish on this stock in the short term and long term with it hitting my value of investing. Does the company make it cheap? Does the company help others? Who are they competing with? The last question is just 1 which is Rocket Labs, yet they failed to get the NASA Contract due to it not being cheap to use. ASTRA is a game changer and will only get better, but also tougher as other companies try to do it better and cheaper than them. As of now this stock is a buy in the short and long term.
Space plays coming soon from galaxy not farawayNow its true SPACs have got beat down and its hard to valuate a future potential of a company. HOL or ASTRA is a company I believe that will be successful just by the field its getting into. The question is what will SpaceX or Blue Origin do in the future. Will they be in space exploration or be like an Amazon and dive into every field and niche of the space field/economy. For now Astra from reading about them is they will be the Space Transportation company of goods and materials in Space. As Virgin has the hospitality sector, which is pointless at this time and SpaceX is getting contracts with NASA too send astronauts too Space and now got one to go to the moon. Other Space plays is MAXAR, which is a safe play, but won't know its value with StarLink IPOs which may take market share from them. If you don't care then the UFO etf is a safe play that has a little of everything or the new and risky etf atm is Cathie Wood's ARK X etf, but I trust Cathie, so diversity into both ETFs might not be that bad.
News
-Now there isn't much, but the biggest one is on Mar 1st, they partnered up with NASA too use them. It's a big step and something too take in consideration with this downtrend
-Q2 the ticker and name of the stock is changing to the proper ASTRA
-SPACS have got hit pretty hard with a new consider in the sec that might have different views on SPACs which causes fear.
-Whole market (besides crypto) have been in a downtrend
TA
-We are sitting at atl/premerger levels. Buying now is buying when VC/early buyers into HOL (separate from ASTRA. The name and ticker hasn't changed yet)
-RSI we are considered oversold, but havn't hit way oversold levels with resistance at 56.32. This may be common as SPACs havn't recovered yet but leans bullish and a swing trade, but bearish atm
-MACD is bullish
-50 EMA sits at 10.35 and we havn't made a move towards it, yet even with other space news such as the first flight on MARs vi drone or the deal with SpaceX going too the moon
-Support lines don't excist, so we are buying a "falling knife" with an unknown bottom.
-Resistance is at 10.37/50ema, 11.37, and 12.28 in the short term
Final Thoughts
At this time you might want to buy with spare funds, since a name change could be a catalyst with investors going to ASTRA's website than Holicity. I'm a long term believer as well, since space transportation will be massive and with NASA hiring more private companies it looks like it will only go up. During SpaceX mission too the Moon, I do see this company picking up steam as they would need to transport more materials and goods to help supply the space route too the Moon from Earth as we build a moon base. This is a pure spec play as well, so to lower the risk a space etf is for you.
In short target 43.40 - in Bullish PennantConsolidation mode in Bullish Pennant. Great for swing trade, but don't miss the breakout train!
MAXAR about to give backMAXAR is one of my fav stocks, but today I've decided to enter a put position for January at the $20 mark. Will it get that far? Probably not, but there is strong evidence to show its cooling off creating a massive head and shoulders as you can see in the graph. This could make some nice solid gains in the short term. Theres nothing else to really to say besides arkq dumped a large spce position, so space stocks may need time to cool off.
Maxar too the moon?WIth the love of space looking at other stocks besides SPCE, I found MAXR. They do work with NASA equipment and Satilites, pretty cool company while we all wait for the starklink ipo. With the new budget in USA, the Gov is suppose to increase 12% to NASA funding, which would increase roughly 2.7billion dollars with a budget of rougly 25billion dollars and sure there might be other outside investors.
MAXAR with a MC of 1.04billion, according to Robinhood would increase its MC to rougly 1.1648billion with a .1248billion increase witha given price of $19.32 roughly. Getting pretty close to last months high and wondering if its priced in.
I'll remain neutral with MAXAR while being a bull just cause it's space and SPCE has caught the attention of many investors in the space sector with also MAXAR being the second largest holding of UFO, which is a Space etf. I expect as SPCE pulls back MAXAR can have a steady uptrend with its EPS also slowly going up .
Next week will be a big week in MAXAR trading with the MACD looking its about to cross bearish, yet could always bounce back with large sell value happening friday, yet barely moved the price as it is testing resitance/support. Trading zones are 15.90-17.54 with 14.33 being a bottom. I see the growing of the space sector in the coming years, yet it might not be a bad idea to acculate MAXAR than selling when StarLink ipo to cash in on some SPCE like gains.
Maxar Rebound Attempt 2Daily MACD bullish cross, Stoch RSI moving up, huge bullish divergence on the RSI while still being near oversold. Found support once again on the 23.6% forming a double bottom. Earnings report coming at the end of the month. Expected growth from Q3 last year is 11%.
Maxar Technologies ReboundFound support at the 23.6% retracement. Very over sold on the RSI and turning around in the RSI and the Stochastics. 1 week heikin ashi is indicating reversal.
Fell through previous support, which is the first sell target. This matches up with the 38.2% retrace, around $50 - $51. If it breaks this resistance we have two more targets. The first is the previous support line, as well as the 50% retrace, about $60. It was also rejected at the 200 day MA, so it is important to watch this as a key point of resistance. If these two break, we are shooting for the 78.6% ($85) and the previous resistance ($90).
