RKLB (USA) - Space Momentum About To Launch

TradingView2026/03/05 19:12

By:TradingView

Rocket Labs has been an absolute standout over the last year, putting up gains of over 300%. They’ve established themselves as a leader in the small satellite launch market and are making huge strides with their larger Neutron rocket and space systems business. The momentum has been relentless for months, but even the strongest trends eventually need a breather to shake out some of the priced in hype.

The primary driver here remains their massive contract backlog and the successful execution of their launch schedule. They are no longer just a "launch company" but a full-service space infrastructure business, which is where the real margin is. Earnings were okay, and the recent 35% pullback we’ve seen looks like a very standard correction following a vertical move. There hasn't been a change in the story; it’s just the overall market dipping along with Rocket Labs price cooling off after a period of high excitement.

Technically, the price action has moved back into a much better value area. The stock found solid support right near the 100-day SMA and is now trying to push back above the 20-day SMA. I like that the RSI has reset to a neutral 48, giving it plenty of room to move if buyers return. The MACD is still in negative territory, but the histogram is ticking up, which usually tells me the selling pressure is starting to fade.

Most of all I do like that it challenged the $100 psychological resistance and pulled back to expected type levels. I feel like it has a good chance of testing it again. If SpaceX lists I expect all space stocks and especially this one might get a good bump by association. Monster tide lifts all boats and all that...

Might be one to keep an eye on.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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RKLB (USA) - Space Momentum About To Launch

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