Over on the Substack I’ve been covering the space names the last month or two, and this sector has got me over-the-moon (pun intended) to take some of these companies to the next level with government partnerships, more research for their products, and helping achieve goals with planetary intelligence overall.
Let’s take a look at where some of these names stand on the daily chart:
SPCX
SpaceX now has an official 50DMA ~$134 and it held near the 10DMA the last month or so. I could see a retest of $134 if it breaks $150 then bounce. The bullish path would be hold $134 and make $158 the new support to see $160-172+.
RKLB
Rocket Lab has me excited for a bullish reversal: held the 10DMA, finally closed above the 50DMA with above average vol today 9/21 (25M vol today, avg is ~20M). Next stop is the 200DMA ~$80 if it can maintain this new $70 level. This is my top setup of all the names!
RDW
Redwire officially had a 10DMA crossover on 9/16. If it can close above the $12 resistance and then a r/s flip, $14-16 isn’t too far off on the macro. Price target: $18 with resistance at $12-14. Bearish below the 10DMA ~$11.
PL
Planet Labs has the most bearish setup of the space stocks which is unfortunate because it is one of my favorite companies (check out my post on Substack!). It had a brutal mid-August to mid-September and finally showing signs of a turnaround today closing above the 10DMA ~$16ish. Price target: first $21 (50DMA) then $27 (200DMA)
ASTS
AST SpaceMobile seems to be coiling between $55-65ish the last month or so; if this can finally break the $65-67 resistance and close above the 50DMA $63, then the 200DMA is the next target at about $81. Price target: $74-80 if it can break $65-67. Bearish below $60
FLY
Firefly Aerospace closed well above the 50DMA today and the 10DMA has potential to cross over the 50DMA which would be extremely bullish. There is some resistance around ~$24, but if it can close above here I could see this trading back at the 200DMA $28. Price target $31 and retest $22 potentially to see $24-24
LUNR
Intuitive Machines similar setup to Redwire: back above the 50DMA today and very close to a 10DMA cross, but still some resistance at the $16 level. If it can close above $15-16 consecutively, the 200DMA is not so far off at ~$20. Price target $22.