Space stocks are having a moment — and Momentus Inc. (MNTS) is right in the middle of it. Shares of the space infrastructure company surged 36% on Thursday, riding a sector-wide wave of enthusiasm as investors rotate into space-related names ahead of SpaceX's upcoming IPO.

This isn't about anything specific to Momentus itself. It's more of a "halo effect" — when the biggest name in the industry (SpaceX) gets ready to go public, the whole sector tends to catch a bid. The broader market is also cooperating: the Nasdaq is up 0.75% and the S&P 500 has gained 0.07%.

What the Charts Say

Let's dig into the technical picture, because this is where things get interesting. MNTS is now trading 33.1% above its 20-day simple moving average (SMA) of $11.60, 102.8% above its 50-day SMA of $7.61, and a whopping 137% above its 100-day SMA of $6.51. Those are the kind of extensions you usually only see during sharp, squeeze-like runs. It's also 28.5% above its 200-day SMA of $12.01, which suggests the intermediate trend has flipped up, even if the longer-term picture is still a bit messy.

The RSI — a quick way to gauge whether buying or selling pressure is getting overheated — sits at 51.29. That's perfectly neutral. It implies this spike is more about a fresh expansion in volatility than a market that's already stretched on momentum. In other words, the move isn't yet showing classic overbought conditions on this lens.

The moving-average structure is improving but not fully clean on the long-term side. The 20-day SMA is above the 50-day SMA (bullish), while the 50-day SMA remains below the 200-day SMA (a bearish longer-term holdover). That combination often shows up in early-to-mid trend reversals, where rallies can be powerful but pullbacks can still be sharp.

Key Resistance: $16.00 — a nearby round-number area where rebounds can stall.

The Bigger Picture

Zooming out, it's worth remembering that even after today's surge, the stock is still down 38.83% over the last 12 months and remains well below its 52-week high of $43.55. The 52-week low was $3.11, set back in April. That wide trading range underscores why position sizing and stops matter more than usual here.

Price Action

Momentus shares were up 35.98% at $15.42 at the time of publication on Thursday.