Intuitive Machines (LUNR) favors rally towards $26.73

Intuitive Machines Inc., (LUNR) designs, manufactures & operates space products & services in the United States. Its systems & space infrastructure enable scientific & human exploration & utilization of lunar resources to support sustainable human presence on the moon. It comes under Industrial sector in Aerospace & Defense industry & trades as “LUNR” ticker at Nasdaq.

In weekly, LUNR made all time high of $136 in February-2023 & low of $2.09 low in January-2024. Above there, it favors upside in daily & can extend towards $26.73 or higher levels from 2.12.2025 low.

LUNR – Elliott Wave latest daily view

Since January-2024 low, it is showing 3 swing sequence higher. It placed ((1)) at $13.25 high on 2.21.2024 high & ((2)) at $3.15 low on 8.05.2024 low. ((2)) was dip pullback as zigzag correction. Above there, it ended ((3)) at $24.95 high as extended sequence. Within ((3)), it placed (1) at $6.12 high, (2) at $4.50 low, (3) at $22.32 high, (4) at $15.86 low & (5) at $24.95 high. It proposed ended ((4)) correction at $17.57 low. Within ((4)) pullback, it placed (A) at $20.05 low, (B) at $23.89 high & (C) as ((4)) at $17.57 low in extreme areas as 3 swing correction.

Above $17.57 low, it expects continuation in ((5)) & extend towards $26.73 – $29.56 area to finish I from January-2024 low. Currently, it favors upside in (1) of ((5)) & expect 5 swings higher to finish it before it should pullback in (2). Further upside in ((5)) will confirm above $24.95 high. Once it finished the I sequence, it should pullback in II in 3, 7 or 11 swings pullback. Alternatively, it can see at least 3 swing bounce as connector from 2.12.2025 low before doing double three structure in ((4)), if breaks below $17.57 low. In either the case, it expects short term bounce from $17.57 low from extreme areas.