Stock idea: MAXR (weekly swing)Maxar's customers:
Our solutions serve dozens of industries worldwide, from telecommunications and mapping to defense and intelligence. Maxar is the indispensable mission partner of the U.S. Government, providing satellite imagery and expert intelligence, plus spacecraft and robotics for space exploration, research and national security.
You could take a look at its industry involvement below:
www.maxar.com
MAXR
MAXR Cup & Handle + Fibonacci Bounce?!WEEKLY CHART
- Cup and Handle pattern. The handle needs stay above this level.
- Needs to bounce around $25.40. (.65 or .618 fib level)
- Zacks Investment Research Upgrades Maxar Technologies to Buy. (3 weeks ago)
- NGA Awards Maxar With G-EGD Contract Renewal For Mission-Ready Satellite Imagery (Valued at $44 million. This is the second of three option years for the contract, which has a total value of up to $176 million.)
Dislike:
- Volume is getting weaker.
- Earnings on 11/3.
-----------------------------------------> I like MAXR $40 Call 4/14/22 <-------------------------------------------------------
$MAXR$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
MAXR - One to Watch Long See chart - C&H + EW count shows us a nice setup here for a good long. I took shares but leaps fine too.
MAXR Swing Trade PlanEntry @ $44, for the MSR on 2/1 @ 1000 on the hourly. I will hold on for $46, but the shaved top on 1/27 @ 1300 has me wondering if $45.50 will be better.
MAXR (space industry, satellites)Space Stock
Hourly chart
ARKX GAP between 39.96- 43.31
Support: 43.5
Resistance: 50
Bullish above 50$!
PT1: 60$ (R2)
PT2: 100$
UFO ETF -space stock rally on ARK X newsSpace ETF (UFO):
The UFO is a space-related stocks ETF, it is traded 1.2% down yearly.
3 Month Avg Volume 38.1k
1 Month Avg Volume 78.1k (2X)
Biggest holdings:
(Name / % ETF position size)
1. IRDM 5.95%
2. ORBC 5.66%
3. MAXR 5.30
4. TRMB 5.29%
5. LORL 5.02%
If we break the rally into the Eliot impulse wave we can see :
1 Stage:
The first rally started on Nov 2nd after it bottomed down to 21.10$ and went up 9.6% to 23.13. which tells us the space stocks started rallying before the ARK X official announcement and is probably related to Cathie Wood mentioning it in a previous interview and also smart money getting in first on the move.
2nd Stage:
Went up 11.5% (25.84$) in mid-Nov to mid-Dec, in a 3rd wave in the impulse wave (3rd waves tend to be the longest ones), followed by a fourth wave -correction wave that tends to be the stronger one of the two(2,4), price traded lower (24.87$).
3rd Stage:
Price rose 5.8% (27.40$), News of ARK X the space ETF came out.
TOTAL MOVE is 30% in about 2 months
The ETF has finished its first impulse wave and we will see more upside in the upcoming months a lot of it because of ARK’s announcement and the simplest way to enjoy the space stock rally would be to hold this ETF until ARKX is public and tradeable.
MAXR Long IdeaI bought MAXR Today. I like the way its moving higher. Note the 200sma moving higher, it came down, consolidated, now above the supporting MAs
SHORT MAXRHello folks!
Today it's a good day to short MAXR. According to fibonacci retracement that perfectly matches to some previous supports, I would call first $20 before a correction and than $15.5, which is a resonable price to get your bags filled again. Stay safe!
THIS IS NOT FINANCIAL ADVICE!
*DO YOUR OWN RESEARCH
**INVEST ONLY WHAT YOU CAN AFFORD TO LOSE
Last but not least, DO NOT FORGET to diversify your porofolio~
MAXR big move coming soonHello, today I will talk about MAXR one of my favorite stocks since its space and who doesn't love space. Based on VPVR levels, support lines, and the slow down turn. We can suspect a big move likely to hit around next week on Wednesday unless we trade sideways .
Support zones to buy are the following
-9.98-9.85
-9.07
-and unlikely to hit before next Wednesday if we are bullish is 8.21
Why am I bullish? iIsee sideways consolidation since the inital dump of covid and hasn't been really moving much with the market, so we can suspect some catch up along with the United States reopening. I do suspect some mediocre earnings next round, but if they are smart increase in R&D during this crises like NNDM has done.
TA
-We are in a downtrend, but have been consolidating and creating higher lows with a double bottom around 9.07
-MACD is bullish, but is sideways showing uncertainty among weather to be bullish or bearish.
-RSI is the same as MACD and is Neutral
-Trading is a Sell on the hourly
-Most bullish thing is we are above the 50ema on the hourly and if it holds we will see major bullish movement, so one week is a good timeframe to suspect the move
I'll be bulish and have bought in at 10.15. I know I could play it smart and wait for my targets to hit, but we are already at a discount compared to our $15-$17 range and with the Space market expanding every month with Tesla and Virgin Galactic along with Blue Ocean; might be a good time to buy some discounted shares for a mid long term hold. I may buy some more shares if we go under 9.90
MAXR: $15 Short Target PotentialPrior to the Coronavirus pandemic, many people were bullish on MAXR and it recently had some negative correlation hits. That being said, now lots of the resistance seems to be gone and investors are wanting to bid positively on the price of MAXR. Please don't take what I say seriously, and as always all I say is on opinion basis and not meant to be taken as financial advice. That being said, I believe that realistically MAXR does have the potential for a $15 short target. A whole lot of weight is being put on it, given nobody fully yet knows if they are going to have a good earnings call.
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.
MAXR hitting support this afternoonMaxr has been performing well over the past few months, i think we are seeing lots of people getting stopped out here. After today's dip, and the past few days of poor performance, i think we are going to hit support at the old resistance level as seen in this chart. Sorry i am not the greatest at these drawings, but you don't even need to draw them it sticks out. I'm going to add to my position later today and next session i expect it to bounce upward. Their products haven't changed, there is no news, this is all just Price action traders IMO. TSX:MAXR
MAXRA conservative entry on the break of the high. Target levels indicated on the chart. Maxr will be a big player in the space sector so looking for a solid change of trend and a break of this current year long range into higher levels.
MAXAR TECHNOLOGIES INC - NYSE: $MAXR Nears Potential Break-OutAfter recapturing its 200 day moving average last week on healthy volume, shares of MAXAR TECHNOLOGIES INC. - NYSE:MAXR appear to be nearing a potential break-out into higher ground as we can observe from the Daily chart above.
With MAXR now trading above all of its important moving averages 20/50/200 DMA's, the stock finds itself in a healthy technical posture potentially seeking greener pastures in the days/weeks ahead.
In particular, should MAXR be capable of taking-out the $10.05 figure and 'stick' at any point in the days ahead, such development, should it materialize, would like signal/trigger that the stock wants higher ground with and initial objective in the $12 - $13 zone, while from a longer-term perspective, a secondary objective in the $17 area.
Thus, both investors/traders may want to continue to monitor the action in MAXR closely and of most importance, a break above the $10.05 level that can sustain as a sign that things may just be about to heat up.
