ROCKET LAB Time the next pull-back and buy.Exactly 4 months ago (May 29, see chart below) we gave the ultimate long-term buy signal on Rocket Lab (RKLB) when it was trading at $4.39 and eventually not only did it return us +100% profit by hitting our $8.75 Target but even broke above the 2-year Higher Highs trend-line and Resistance 1:
It is now confirmed that the stock has broken into a new Bull Cycle and won't (most likely) continue to follow the accumulation pattern of the previous 2-year Ascending Triangle. This is also evident on the 1D RSI, which is rising on a Channel Up.
In our opinion it will continue the pull-back buy low sequence that started in July. The next key Resistance is the 0.618 Fibonacci, above which we expect the next short-term correction to start. Our intention is to buy again at 9.15 or if we see 2 red 1W candles first.
Our next Target will be 14.50 (the 0.786 Fib).
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Rocketlab
ROCKET LAB has started a new 9-month correction phase.Rocket Lab USA (RKLB) topped on August 19 after a more than +100% rise from the bottom that eventually reached the top of the Sine Wave count and as a result even though it failed to reach our $8.75 mark (Target 2), we will take profit on the last buy signal we issued (May 29, see chart below):
As you can see by the Sine Waves, RKLB is repeating a 2-year cyclical pattern (since the June 30 2022 bottom), which every time it provides a buy opportunity that delivers a little over +100% return (3 times so far within this time span).
Now that we got our +111% rise, we expect a new multi-month correction phase to start, initially in the form of a Channel Down (red). The previous correction phase lasted for 9 months and the one before for 10 months, before the +100% rallies commenced.
As a result, we are far away from a buy opportunity at the moment and the best course of action is to short below even the 1D MA200 (orange trend-line). Our Target is $4.35, the middle of the High Volatility Zone, which is located just above the (green) Support Zone, where our next long-term buy will be.
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Rocket Lab to new all time highs as more things go to spaceRocket Lab build rockets. CEO has an extremely bright aura. Hard to find a better story-driven pure space play with SpaceX being private. I like Rocket Lab and invested because as more and more things fly and go to space, it has the wind at its back.
Rocket Lab’s Stock Surge: A Successful Launch Drives MomentumRocket Lab USA, Inc. (NASDAQ: NASDAQ:RKLB ), a prominent player in the space industry, experienced a significant surge in its stock price, driven by the successful completion of its latest mission in collaboration with Capella Space. On Thursday, Rocket Lab's stock soared by an impressive 12.55%, continuing its upward trajectory with a further 5.34% increase in Friday's premarket trading.
A Week of Success
This week has been remarkable for Rocket Lab (NASDAQ: NASDAQ:RKLB ), with the stock consistently rising as the company solidifies its reputation as a leader in launch services and space systems. The catalyst behind this surge is the successful deployment of a Capella Space satellite using Rocket Lab's Electron rocket. This mission, aptly named “A Sky Full of SARs,” marked Rocket Lab’s 52nd Electron launch and was carried out from their Launch Complex 1 on New Zealand’s Mahia Peninsula.
The mission involved deploying Capella’s latest synthetic aperture radar (SAR) satellite, part of its third-generation Acadia series, into a low Earth orbit. This satellite is a crucial component of Capella’s Earth-imaging constellation, providing high-resolution radar imagery for various applications. Rocket Lab’s ability to deliver precise and reliable launches continues to attract major satellite operators, strengthening its position in the global space industry.
Building Momentum
Rocket Lab’s partnership with Capella Space dates back to August 2020, with this recent mission being the fifth in their multi-launch contract. Over the years, Rocket Lab (NASDAQ: NASDAQ:RKLB ) has proven its capability to meet the growing demand for satellite deployment, consistently delivering successful missions that meet the specific needs of its clients. The company’s CEO, Peter Beck, emphasized Electron's role as a "reliable constellation builder," enabling operators like Capella to expand their satellite networks effectively.
The momentum doesn’t stop here. With nine successful launches already this year, Rocket Lab (NASDAQ: NASDAQ:RKLB ) is on track to achieve its busiest year yet in 2024. The upcoming months are set to be equally exciting, with multiple launches planned, including a record ten-launch contract with Japanese Earth observation company Synspective.
The Road Ahead
Investors are closely watching Rocket Lab (NASDAQ: NASDAQ:RKLB ) as it continues to secure high-profile contracts and deliver on its promises. The company's ability to maintain a steady launch cadence while securing new business partnerships signals strong growth potential. As Rocket Lab (NASDAQ: NASDAQ:RKLB ) prepares for its next mission, set to be announced in the coming days, the anticipation is building, with market participants eager to see if the company can sustain its current momentum.
Technical Outlook
Rocket Lab (NASDAQ: NASDAQ:RKLB ) has experienced a noteworthy increase in its stock price, showing a rise of 5.45% during premarket trading on Friday. This upward movement suggests a positive sentiment among investors and could signify robust interest in the company’s activities. Currently, the Relative Strength Index (RSI) stands at 65, which indicates that the stock may be slightly overbought at this moment. Nevertheless, the RSI also suggests that there is still potential for ongoing growth in the stock, as it remains within a range that could foster further gains in the near future.
In conclusion, Rocket Lab’s stock surge is a reflection of the company’s consistent performance and strategic growth in the space industry. With successful missions like "A Sky Full of SARs," Rocket Lab is not only proving its technical prowess but also positioning itself as a key player in the rapidly expanding space economy. As the company continues to execute on its ambitious plans, investors and industry watchers alike will be keen to see what the future holds for Rocket Lab and its stock.
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.
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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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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ROCKET LAB: Very strong long term buy opportunity.RKLB is almost oversold on the 1D timeframe (RSI = 31.788, MACD = -0.150, ADX = 26.851) which makes it an automatic technical buy for the long term. Besides that, the price has entered the long term Support Zone that commenced on the June 30th 2022 Low. The pattern is identical to the March-May 2023 bottom. Once the 1D MA50 breaks again, we expect a very aggressive rally. Target 1 on the LH trendline (TP1 = 5.50) and long term Target 2 near the HH and 1.236 Fib (TP2 = 8.75).
See how our prior idea has worked out:
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ROCKET LAB on an accumulation zone, +100% profit potential.Rocket Lab (RKLB) just formed a Death Cross on the 1D time-frame, almost a full month after rebounding near the 1.5 year Support Zone. This is technically an Accumulation Zone that the stock tends to make on that Support Zone before starting a parabolic Rally to the Higher Highs trend-line.
In fact it was the 1D Death Cross formed on March 15 2023 that started the previous Accumulation Phase, which resulted into a +114.46% really. As a result, we expect this Phase to last until the end of March maximum, and then start a parabolic rally. Assuming each rally is by +10% stronger than the previous (1st +105.08%, 2nd 114.46%) then we estimate the next one to be around +125%. This will make a perfect test of the 8.75 April 21 2022 High.
Notice how each rally peak is very efficiently depicted by the tops of the Sine Waves. Also during each Accumulation Phase, the 1D RSI forms a Bullish Divergence on Higher Lows.
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🚀 Rocket Lab (RKLB) 🚀 Rocket Lab (RKLB) achieved ten successful launches in 2023 and secured a $515 million US government contract, leading to a 22% surge in shares.
The company's success contributes to a 40% increase in shares this year, maintaining a bullish sentiment with an upside target of $7.50-$8.00 and support at $4.00-$4.10. 📈🛰️
#RKLB #StockMarket
ROCKET LAB can give +100% return. Best stock opportunity now?Rocket Lab USD (RKLB) has been consolidating for exactly one month (blue Arc pattern) after touching the Higher Lows Zone and now uses the 1D MA50 (blue trend-line) as its Pivot. We can see the very same consolidation pattern during the previous two market Lows (April - May 2023, June - July 2022), which gave enormous rallies of +114.46% and +105.08% respectively.
Similar with today's pattern, each bottom was priced on a 1D RSI Higher Lows sequence, which is a major Bullish Divergence. As a result we consider this one of the best high cap stock buy opportunities at the moment, and aim for at least a +105.08% rise, targeting $8.20.
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ROCKET LAB: Bottom formation complete. Expect strong rise.RKLB is trading inside a Channel Up for 15 months and is near its bottom HL trendline. Being bearish but close to neutral on the 1D technical outlook (RSI = 43.294, MACD = -0.060, ADX = 22.552), the price is undergoing a similar Bottom formation as March-May. On both sequences the 1D RSI was rising on an HL trendline.
Having completed a -50% decline from the Channel's top, the stock will gives us the buy validation when it closes the first 1D candle over the 1D MA50 for the first time since September 5th. We will buy and aim for the 0.618 Fibonacci level (TP = 6.15) even though we may see a bigger rise to the top of the Channel Up for a new HH.
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ROCKET LAB Vastly oversold. Is it a buy?Rocket Lab USA (RKLB) has completed a sharp decline of -36.50% that hit the Higher Lows trend-line from the April 06 Low. By doing so the 1D RSI has turned vastly oversold at 16.00, the lowest it has been ever in its history.
A Channel Down has emerged and technically this is a Lower Lows buy opportunity. As long as the Higher Lows trend-line holds, we will be bullish, targeting 5.25 (within the 0.5 - 0.382 Fibonacci range as in the previous Lower High). If the Higher Lows break, we will see and target the top of the 9-month Support Zone at 3.75.
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RKLB, Boosting Growth to Space! ↑↑↑RKLB has been gaining attention lately after Launching 7 Satellites that warranted its series of daily price rise. For this week alone (not yet done) the stock surged 27% already, and 40% for July alone. And it looks like the the stock's Growth journey to space is not yet over.
Volume has surged by an impressive 131% this past few weeks from 5.7M to 13.22M -- conveying net buyer's weighty positioning of the company's prospective fundamental and technical growth.
On our tri-monthly histogram, an apparent trend shift is happening suggesting the new current price range to be the base of the incoming series of ascend. We got 2 bubble up volume appearance on tri-monthly suggesting a firm support for price GROWTH.
Expect significant ascend from the present price levels.
Incoming earning calls on August are predicting a 17% increase in revenues.
The should be another 'booster' event of its valuation.
Spotted at 7.83
TAYOR.
Safeguard capital always.
Are Rocket Lab’s shares undervalued? In comparison with perceived market-leader SpaceX, Rocket Lab USA's (NASDAQ: RKLB) valuation is underwhelming. Given its $2.5 billion market capitalization, Rocket Lab is eclipsed by the $127 billion SpaceX. However, analysts believe that assessing Rocket Lab's true worth warrants a look beyond its immediate financial results and into the pieces it is adding to the game.
Looking beyond valuations, Rocket Lab had been operating at a loss for at least the last 12 months. Despite this, it saw its shares grow 26% over the last month. It hit $5.55 on Aug. 4 when its launched a U.S. spy satellite in New Zealand atop its Electron booster. It reached another high on Aug. 8 at $5.60 before closing the day at $5.45.
From a more macro point of view, Rocket Lab’s stock price is traveling in line with other SPAC listings, down 55% for the year-to-date. Which opens the question as to why it is not more in line with defense stocks, such as iShares U.S. Aerospace & Defense ETF (up 1.73% YTD), which appear to be benefiting from the increase in US defense spending.
Bearish Second-Quarter Forecast
Rocket Lab is set to announce its results for the quarter ended June 30 on Aug. 11. It expects EBITDA loss to be between $3.5 million and $5.5 million and for its revenue to be somewhere within the $51 million to $54 million range. The company is expected to record normalized loss per share of $0.06.
In the first quarter of 2022, the company recorded adjusted loss of roughly $8.0 million and a 124% year-over-year hike in revenue to $40.7 million. Despite the bearish expectations for the upcoming results, it can be observed that the loss Rocket Lab has been reporting becomes less than the previous period. The company may not be far from breaking even at the rate it is going.
Retaining Confidence
The Aug. 4/5 launch for the U.S. National Reconnaissance Office managed to boost confidence for the company, enough to lift its stocks to $5.55. The mission marked the 146th satellite deployment from the Electron booster to date. But as noted above, Rocket Lab may not have experienced the full impact of the increase in US defense spending.
Additionally, the company is currently developing Neutron, a reusable booster planned to be 40 meters high and to have a 7 meter diameter. It is a medium-lift rocket designed for the deployment of mega-constellations, human spaceflight and deep space missions. The first flight of Neutron is planned for 2024.
The reusable aspect of the Neutron could be a make or break product for Rocket Lab. If successful, the reusable Neutron can carry out more launches and generate more revenue over a definite period. It can eventually lead to better gross profits as it will help reduce production costs.
In this respect Rocket Lab may offer an asymmetric risk/reward at current valuation due to potential profitability gains, both through diversification and with attempts to reuse the Electron booster.
Space is hot Looking for accumulation momentum to carry VACQ to the 1.61 fib of current range.
Alternatively, we could range through this accumulation zone for a while longer. Key fib levels marked
Vector Acquisition Corp (VACQ): Rocket Lab to the moon?Vector Acquisition Corp NASDAQ:VACQ
What a brutal drop! But I'm still holding on and in fact, accumulating more for the Rocket Lab IPO.
I'm definitely not a professional advisor and this is not professional advice.
Rocket Lab in the news:
Rocket Lab has now delivered a total of 104 satellites to Earth orbit.
www.space.com
Rocket Lab's next reusable rocket mission will test a new heat shield
www.engadget.com
spacenews.com
spacenews.com
VACQ: Vector Acquisition and Rocket Lab mergerNASDAQ:VACQ
I spot a nice triangle (or wedge?) signaling a major breakout. No idea if it's to really to the upside but my guess is that it's going green. There's that recent announcement that Rocket Lab is going public via SPAC called Vector Acquisition (VACQ) is promising. This IPO could be a game-changer. I'm still researching the company but they seem to have a lot of potential. Who knows!
Do your own research. This isn't financial advice and I'm not a financial advisor. I am not a cat.
References: www.rocketlabusa.com