Is Rocket Lab Corp. technically bullish or bearish?
As of October 1, 2023, Rocket Lab Corp. shows a bullish technical stance with strong indicators across multiple time frames, despite a recent weekly decline of 2.58%, it has outperformed the S&P 500 with year-to-date and one-year returns of 85.24% and 562.64%, respectively.
As of 1 October 2023, the technical stance for Rocket Lab Corp. is bullish, with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, while the KST, Dow Theory, and OBV also indicate bullish momentum on both time frames. The moving averages are bullish on the daily chart, and Bollinger Bands show a mildly bullish trend in both weekly and monthly perspectives. Despite a recent weekly return of -2.58%, Rocket Lab has significantly outperformed the S&P 500 with a year-to-date return of 85.24% compared to the S&P's 12.22%, and an impressive one-year return of 562.64% versus 17.14% for the S&P 500.
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