Rocket Lab Tests Key Support After Sharp Rally
$Rocket Lab USA, Inc.(RKLB)$
$51.24 (-1.27%) — Post-rally fatigue under EMA pressure; bulls need $55–58 reclaim for recovery
Rocket Lab closed at $51.24, down 1.27%, extending its short-term pullback after the October peak near $74. Despite being up +101% YTD, the stock remains roughly 31% below its 52-week high ($73.97).
Volume rose to ~32.24M vs 22.4M avg, signaling distribution rather than accumulation.
The day’s weakness reflected continued risk-off flow across high-beta growth and aerospace names, alongside soft investor sentiment in small-cap techs.
Technicals & 1-week view
Volume + MACD: histogram negative (–1.99 vs –1.56 signal), but flattening—momentum may be stabilizing.
RSI (14) at 38.5 hovers in lower-neutral, hinting at mild oversold conditions.
EMA stack: price trades well below 20-EMA ($57.88) and 50-EMA ($55.68); reclaiming this range would flip the bias from bearish to neutral-up.
Key levels: support $50.5 → $45.5, resistance $55.0 → $56.64–58.5 → $61.0. Near-term structure suggests a potential base attempt if $50 holds; a close above $56 would confirm rebound momentum.
Valuation: negative EPS (–0.38) implies no meaningful P/E, compared with S&P 500 ≈ 25×. Beta ≈ 2.17, confirming high volatility. Street 1-yr target ≈ $61.6, while a realistic technical rebound zone lies at $56–58 on a 20-EMA retest; failure below $50 risks a slide toward $45.
Risk & Disclaimer.
Rocket Lab’s earnings profile remains unprofitable, and high beta magnifies sensitivity to macro shifts and liquidity flows. Technical commentary only—based on same-day TradingView & Yahoo Finance data (Nov 7 close); not investment advice.
For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
