Voyager Technologies Inc (NYSE:VOYG) shares are getting a boost on Friday after a new analyst initiation came in with a bullish stance. Here’s what you may want to know.
Are Analysts Signaling Opportunity?
Wedbush’s Dan Ives began coverage with an Outperform rating and a $46 price target, suggesting roughly 33% upside from where the stock currently sits, Investing.com reported.
Ives said Voyager is “uniquely positioned” to lead across its three core focus areas: defense and national security, space solutions and space stations.
Wedbush also pointed to Voyager’s $3.6 billion pipeline of qualified opportunities and described the company as a “next‑generation space and defense leader,” backed by strong capabilities and strategic partnerships throughout the commercial space ecosystem.
The Critical Levels Traders Must Watch Now
Voyager Technologies is currently showing bullish momentum, trading well above its key moving averages. This setup suggests strong buying interest, especially with the 20-day SMA positioned 26.3% below the current price, indicating a potential continuation of upward movement.
The RSI is currently at 63.34, which is considered neutral but leans towards overbought territory. This level suggests that while there is upward momentum, traders should be cautious of a potential pullback if the RSI approaches or exceeds 70.
MACD is above its signal line, indicating bullish momentum in the short term, suggesting that the current trend may have strength behind it.
Key support is at $30.50, while resistance is around $39.00. If Voyager stock tests the support level, it could signal a potential reversal or consolidation, while a break above resistance may indicate a continuation of the current bullish trend.
Voyager stock has not experienced a golden cross or death cross recently, but the relationship between the moving averages shows a strong bullish setup. The 20-day SMA is above the 50-day SMA, reinforcing the positive trend and suggesting that traders should watch for any signs of continuation.
Over the past 12 months, Voyager stock has declined by 32.21%, reflecting a challenging longer-term trend. This performance highlights the importance of monitoring key levels and indicators to navigate potential volatility in the stock.
VOYG Price Action: Voyager shares were up 12.3% at $38.78 at the time of publication on Friday, according to Benzinga Pro.
Image: ChristianLphoto/Shutterstock
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