Rocket Lab, the decline speeds up
Rocket Lab drops 11.3% as its string of higher lows breaks down
Our view last week
After last week's bounce attempt into resistance, Rocket Lab drops 9.6% and closes the week with 92% of volume on the sell side, the sharpest seller dominance of the past four weeks. The weekly picture stays bearish with several warning flags stacked together: contracting volume, fading candle-body conviction, and a widening distribution phase. On the daily chart, though, price keeps tracing a sequence of higher lows between the 58 and 78 areas, the level worth watching in the coming sessions.
This week's summary
Rocket Lab stock drops 11.3% this week, its second double-digit plunge in a row, breaking down the sequence of higher lows it had built on the daily chart between the 72 and 78 areas: a fresh 7-day low now sits in the 63 area. The Sell signal has been under management since week 13, with the short above 41% in profit. Sellers control 88% of volume and money flow keeps sinking deeper negative — the downside pressure isn't easing.
IQS Phase
61
ordinary
Signal Strength
73
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#6 / 96
US stocks
Trade P&L %
+41.51%
from signal to date, no stop loss
Rank position
ranks 6th among the 96 sell signals for US stocks in our ranking, with a signal strength of 73 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +1.30% · monthly +11.48%
RKLB belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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