RKLB Rockets +8.9%, Eyes $79.83
RKLB Jumps +8.93%: Rocket Stock Ignites, Eyes $79.83 High
Latest Close Data
Closed at $75.99 on 2026-01-05, up +8.93% (+$6.23). The stock is now just 4.8% below its 52-week high of $79.83.
Core Market Drivers
Despite a lack of specific news headlines, the surge is driven by strong institutional confidence and significant daily capital inflow ($8.82B in vs. $8.61B out).
The space sector's long-term growth narrative continues to attract speculative capital.
Technical Analysis
The move was backed by robust volume (31.52M shares, VR 1.49).
The 6-day RSI at 71.14 suggests strong bullish momentum, approaching overbought territory.
MACD remains positive (DIF: 6.08, DEA: 5.20, MACD: 1.76), confirming the uptrend but not yet showing extreme divergence.
Key Price Levels
Primary Support: $70.53 (Recent swing low)
Strong Resistance: $79.83 (52-week high)
Immediate Pivot: $76.24 (Today's high). A break above this could accelerate the move toward the 52-week high.
Valuation Perspective
Valuation remains speculative with a TTM P/E of -197.2 and a P/S of 73.18, significantly above profitable industrial averages.
The forward P/E of -317.95 indicates continued high growth expectations and losses priced into the stock.
Analyst Targets
Based on 13 analysts: Average target price is $67.24 (below current price), with a high of $90.0. Sentiment is bullish with 4 Strong Buy, 7 Buy, and 5 Hold recommendations.
Weekly Outlook
Expect consolidation near the $76 pivot with high volatility. A successful break above $79.83 could target the $90 analyst high. Failure to hold $75 may see a pullback toward the $70.53 support.
Risk Disclaimer
This content is for informational purposes only and not financial advice. Trading involves risk, including potential loss of principal. Past performance does not guarantee future results. Conduct your own research before making any investment decisions.
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