$RKLB Support levels to watchNASDAQ:RKLB The support is holding so far. It is critical that this support holds.
If not, here are the support levels below:
$4.93
$4.66
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RKLB trade ideas
$RKLB - Sitting on Critical SupportNASDAQ:RKLB has only traded above the current resistance level of $5.80 to $6 twice since 2022. It has failed to break through this level seven times over the past two years, making it the most challenging resistance level to overcome.
For the bullish trend to continue, the stock must hold above the current critical support level. Many stop-loss orders are likely set around $5. Breaking below this level could trigger a significant sell-off.
For long-term investors, this short-term resistance and support analysis may not be as critical, but understanding these levels can be helpful for knowing when to dollar-cost average.
$RKLB Very Short-Term ReversalThis appears to be a very typical pattern for how this stock trades. I expect this to shoot back up short-term
$RKLB Short-Term Bullish TrendDespite being up, a great deal over the past two months, we are in a clear uptrend, and I don't see it slowing down until we hit ~$7 a share. This could fail if some issue arises with the hot fire. But we still have room to run. Look for a pullback near the $7s to allow it to cool off/analyze whether it rejects, or we see a continuation.
RKLB Begins Uptrend
RKLB received a reaction from the support level it has been testing for 2 years and managed to break the downtrend it has been in for the last year.
I bought at 4.65 and I plan to add if it gives me the opportunity to buy again below 5 dollars.
The first target is 7.6. If it exceeds this level, the next targets are 10 and 14 dollars.
$RKLB - What's next?NASDAQ:RKLB Congratulations to those who loaded up under $4 and $5. With today's price action, the stock is up 63% from its all-time lows back in April.
So what's next?
Well, the stock hit the resistance zone today, with RSI entering overbought territory. (See white horizontal resistance line.) That is not to say we are in for a roller coaster ride. Remember, stocks can stay overbought for a very long time. I am hoping that momentum will push it above the resistance and consolidate above that resistance.
My target remains $6.50 - $7.
Rocket Lab USA (RKLB)RKLB was rejected at the 38.2% Fibonacci retracement level of the July through April sell-off. The stock has just benefited from a golden crossover of the 200-day SMA by the 50-day SMA. Now, the stock after testing the lower bounds of our Pitchfork model has exceeded the central trendlines and could run for the upper trendline. Relative Strength is excellent. The daily MACD is postured quite bullishly.
Target Price: $7.25
Pivot: $5.60
Add: On retest of central trendline and down to 21-day EMA.
Panic: Break below the 200-day SMA.
$RKLB Chart is setting up with 10%+ move today, on news.NASDAQ:RKLB is moving to the upside today (+10%) on news of partnership for 10 coordinated launches.
The space economy is a long-shot, but this a gamble I'm willing to take.
I chose to initiate this position to have exposure to more small and mid-cap growth tech companies, this one I really like.
I have detailed my long-term targets on the chart.
My position was initiated at $3.70 - $3.90 BUY target.
Another that I have been holding for a while is NYSE:JMIA , who has the opportunity for explosive growth as their native economy continues to expand.
I like to think of them as the Amazon of Africa...
RKLB: Ready for Lift-Off or Crash Landing? Rocket Lab USA has shown a significant bullish momentum recently, trading at $5.13 with a +0.98% increase on July 10th. The technical indicators point towards a strong buy signal across multiple parameters. The price action is currently supported by robust buying interest, evidenced by the bullish crossover in moving averages and positive momentum indicators.
Moving Averages: The stock is trading above its key moving averages (10, 20, 50, 100, and 200 EMA/SMA), all of which are signaling a buy. The 50-day EMA at $4.52 and the 200-day EMA at $4.55 act as strong support levels.
The Momentum (10) at 0.39 and MACD level (12, 26) at 0.16 indicate continued bullish momentum. The RSI at 64.65 suggests the stock is approaching overbought territory but is not there yet, implying further upward potential.
The Ichimoku Cloud base line at $4.72 provides additional support, with the current price above the cloud, indicating a bullish trend. This further confirms the strong buying sentiment.
The average volume of 7.16M over the past 30 days supports the recent price movements, showing healthy trading activity.
With a beta of 1.50, RKLB exhibits higher volatility compared to the market, making it attractive for short-term traders looking to capitalize on price swings.
Current Trend: The recent breakout past the $5.00 resistance level suggests a continuation of the upward trend. The next resistance is at $5.25, and if breached, the stock could test the $6.00 level.
Forecast: Analysts have a one-year price target of $7.29, which represents a 42.12% upside from the current price. The optimistic scenario sees RKLB reaching as high as $10.00.
Trade Strategy
Long Position: Enter a long position at the current price of $5.13. Target the $6.00 level in the short term, with a stop-loss set at $4.75 to mitigate downside risk. For long-term investors, hold with a price target of $7.29, and consider adding more positions if the price breaks above $6.00.
Short Position: Consider shorting only if the price fails to hold above $5.00 and dips below the 200-day EMA at $4.55. Set a tight stop-loss at $4.75 to protect against a reversal.
Conclusion
Rocket Lab USA is poised for a potential upside, driven by strong technical indicators and positive market sentiment. Traders should watch for key levels and adjust their strategies accordingly to maximize gains and minimize risks.
ROCKET LAB 1st 1D Golden Cross in 1 year!Rocket Lab (RKLB) is up heavily following our last buy call (May 29, see chart below) and is approaching our $5.50 short-term Target:
Since however the Lower Highs trend-line is now a bit lower and the medium-term pattern since April's bottom emerged as a Channel Up (dotted), we lower this short-term Target to $5.35.
The key development of the week though is none other than the formation (today) of the 1st Golden Cross on the 1D time-frame in 1 year (since June 20th 2023). As a result, we don't expect the rally to stop there but instead to accelerate tiwards the 2-year Higher Highs trend-line. This is a seasonal rally that RKLB has done in the past two years during July-August. Our long-term Target is 8.75.
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$RKLB - Could be ready based on stage analysis.NASDAQ:RKLB Based on stage analysis, Rocket Lab is still in Stage 1, the bottoming or accumulation stage.
Towards the end of Stage 1, before transitioning to Stage 2, the uptrend, you should normally see higher-than-normal volume spikes like we have been seeing here for the past few months.
The stock could be ready for a run-up. 🚀
$RKLB - Successful VWAP checkbackNASDAQ:RKLB Bounced from VWAP. The uptrend is still intact. I am still targeting $6 to $6.50 for this run up. PCE report on this Friday is important catalyst for the next move. 🚀
$RKLB - Potential sentiment changeNASDAQ:RKLB Rocket Lab came close to its first target of $5 and closed above the VWAP.
This is the first time the stock has reacted positively to good news, which indicates a potential shift in sentiment. Although it's still early, the volume on this uptick and the oscillators support this sentiment change.
Closing above $5 could provide an opportunity to form a higher base, from which it could launch further.🚀
Rocket Lab to receive new fundingLast week, the space company Rocket Lab USA, Inc. announced it had received 50 million USD in funding from the US government. The company plans to use this money to expand the spacecraft's solar panel production capacity.
Rocket Lab has signed a non-binding memorandum under which the company will receive government funding as part of the so-called Chip Act, which encourages the production of advanced semiconductors in the US. This law offers a total investment of 50 billion USD for the industry. The subsidies could give Rocket Lab an advantage over its competitors, accelerating its transition to high-volume production.
Let's review the technical analysis of Rocket Lab USA, Inc. (NASDAQ: RKLB) shares to explore potential trading opportunities.
On the Daily (D1) timeframe, the resistance level formed at 4.95 USD with support at 4.30 USD. A steady upward trend began at the end of April 2024. Quotes are currently testing the support line. If a downward trend arises, the target for the fall could be set at 3.70 USD.
If the uptrend continues and the support at 4.95 USD is broken through, the short-term target could be set at 5.65 USD. In the medium term, the price may rise to 6.60 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ROCKET LAB Bullish break-out imminent.Rocket Lab USA (RKLB) has completed a Bull Flag pattern (green Channel), trading right below the 1D MA200 (orange trend-line), which has been its long-term Resistance since January 24 2024. Based on its 2-year Cyclical pattern, the stock should surge aggressively if it breaks above the 1D MA200.
The 1D RSI is posting the exact same formation it had during the break-outs of May 2023 and July 2022. All formed after strong rebounds within the Support Zone.
In any case, our medium-term Target $5.50, which will be a test of the Lower Highs trend-line, similar to June 07 2023.
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$RKLB - Getting close to breakout!NASDAQ:RKLB Rocket Lab is attempting to break out for the third time. 💪The stock has been on a hard-to-borrow (HTB) status at Schwab for a while now.
he $4.70 level is a significant overhead resistance because it is where the 200-day moving average and the volume-weighted average price (VWAP) (orange) intersect.
For price targets, please refer to the May 20 post.
$RKLB - Hits major resistanceNASDAQ:RKLB Rocket Lab hits a major resistance area which is a combination of the descending wedge trendline, 200DMA and VWAP.
RSI has cooled so hopefully we can pick up some momentum again.
It needs a catalyst to breakout of that descending wedge. With close to 20% short interest, we should get a good squeeze.
Rocket Lab's Neutron rocket launch rescheduled for late 2025Rocket Lab USA, Inc. has updated its launch schedule, announcing that the first flight of its new Neutron launch vehicle is now set for the second half of 2025. While some reports have labelled this a delay, Rocket Lab clarifies that the timeline shift is minor, with the rocket's main components already prepared and no significant project revisions required. The company reassures us that Neutron's development is progressing smoothly without any insurmountable technological challenges. This adjustment in the launch schedule is mainly due to the high volume of ongoing projects, including the continued launches of the Electron rocket, which is already active and generating revenue. Rocket Lab remains on track to commence commercial operations with Neutron in 2026.
Given these developments, let's analyse the potential trading opportunities for Rocket Lab USA, Inc. (NASDAQ: RKLB):
On the Daily (D1) timeframe, the stock has recently breached the resistance level at 4.30 USD, establishing new support at 4.15 USD. This breakout suggests that the downtrend has been reversed, and an uptrend has commenced, indicating potential for further growth. However, if the trend reverses again, the downside target might be set at 3.50 USD.
The continuation of the uptrend presents a short-term target of 5.10 USD, capitalising on the rebound from the newly established support level. Looking ahead from a medium-term perspective, the stock could rise to 6.15 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
RKLB: Critical point on Timeline Going to avoid getting into the fundamentals of this company, as I've covered them before (have been increasingly better with the contracts they've won).
As we can see from this range price formed over the past 2 years, RKLB's 3-month downtrend could end through a reversal with great upside. It happened entering the final 70 days of last consolidation period, and I'm awaiting more confirmation for it to happen again in this period.
Keep in mind that price:
- Tapped the bottom of this demand zone (has never closed below)
- Broke below descending wedge (can reclaim before Friday)
- Is being hurt by S&P PA (last pump coincided with rising S&P)
I would be weary of longing any stocks at this point, but will be closely observing how RKLB closes Friday to inform the next steps.
Santa's Sleigh RunIn the frosty air of Christmas night,
Santa's sleigh takes its wondrous flight.
Through the twinkling stars, it soars,
Spreading joy from shores to shores.
Rocket Lab, a stock on the climb,
Six dollars, a goal in no time.
In the market's dance, a festive play,
A yuletide rise 'till Christmas day.
$RKLB looks promising for a breakoutNASDAQ:RKLB Looks promising for a breakout. Needs follow through. But it is a good start. Expecting $4.93 to $5.00.
FOMC meeting this week. This stock has adverse reaction to rate shocks and fed policy. So keep that in mind.
$RKLB - Showing signs of a turnNASDAQ:RKLB Rocket Lab is showing signs of a turn. MACD is about to do a bullish cross. RSI is turning up.
If it can break out of the descending wedge, it could run to the $4.93 to $5.00 area.
With high short interest, a positive catalyst could cause a big rally.
Share shorted -55 millions
Short Interest - 19.06%
Days to cover - 7 days
Keep in mind though there is a chance that it could see $3.17 to $2.88 area if the current support fails. It would need a negative shock for that to happen.
