Rocket Lab USA, Inc. Stock Forecast

Buy or Hold candidate since Aug 09, 2024 Gain 334.82%

The Rocket Lab USA, Inc. stock price gained 2.19% on the last trading day (Wednesday, 11th Dec 2024), rising from $22.85 to $23.35. During the last trading day the stock fluctuated 9.37% from a day low at $21.93 to a day high of $23.99. The price has risen in 6 of the last 10 days but is still down by -8.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately $333.73 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 187.72% during the next 3 months and, with a 90% probability hold a price between $55.41 and $85.58 at the end of this 3-month period.

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RKLB Signals & Forecast

The Rocket Lab USA, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $23.45. On a fall, the stock will find some support from the long-term average at approximately $18.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, November 29, 2024, and so far it has fallen -14.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Rocket Lab USA, Inc. stock

Rocket Lab USA, Inc. finds support from accumulated volume at $23.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $2.06 between high and low, or 9.37%. For the last week, the stock has had daily average volatility of 9.12%.

Our recommended stop-loss: $22.00 (-5.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (RKLB) For The Upcoming Trading Day Of Thursday 12th

For the upcoming trading day on Thursday, 12th we expect Rocket Lab USA, Inc. to open at $23.09, and during the day (based on 14 day Average True Range), to move between $21.36 and $25.34, which gives a possible trading interval of +/-$1.99 (+/-8.52%) up or down from last closing price. If Rocket Lab USA, Inc. takes out the full calculated possible swing range there will be an estimated 17.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.01 (1.46%) than the resistance at $24.06 (3.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rocket Lab USA, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Rocket Lab USA, Inc. stock to perform well in the short-term.

Current score: 2.612 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 12, 2024 - $23.09 ( 1.12%).