RKLB Technical Analysis - ROCKET LAB CORP

Technical Rating and Analysis

Taking everything into account, RKLB scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RKLB has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that RKLB is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by RKLB over the past year are nicely spread over this period.

RKLB is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 98% of 69 stocks in the same industry.

RKLB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month RKLB has a been trading in the 45.21 - 73.50 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

RKLB has an average volume of 23310300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ROCKET LAB CORP / RKLB Weekly stock chart

ROCKET LAB CORP / RKLB Daily stock chart

Setup Rating and Analysis

Although RKLB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

47.84

64.90

When analyzing the support we notice one important area.

A support zone ranging from 48.32 to 49.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for RKLB is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RKLB is up.
ChartMill Relative Strength	99.06	POSITIVE	RKLB has a high relative strength, it outperformed 99.06% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RKLB is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RKLB is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RKLB is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.22	OVERBOUGHT	The high RSI value suggests RKLB may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.69	POSITIVE	The MACD value suggests RKLB has a positive trend, although the MACD value is declining.
Stochastics (14,3)	81.48	OVERBOUGHT	The high Stochastics value suggests RKLB may be overbought.
Average True Range in percent/ATR (20)	6.27	HIGH VOLATILITY	The high ATR as a percentage value for RKLB suggests high volalility.
Average Directional Index/ADX (14)	37.14	POSITIVE	The high ADX value value for RKLB suggests a strong trend.