Ouster (OUST) shares jumped nearly 8% in Monday premarket trading after the lidar company expanded its manufacturing partnership with Benchmark Electronics (BHE). The move comes as part of a broader market rally, with investors piling back into growth and higher-beta tech stocks after President Donald Trump announced a peace agreement with Iran. Nasdaq futures climbed 2.21%, and S&P 500 futures gained 1.34%.
The expanded partnership is all about scaling production of Ouster's new REV8 digital lidar sensors. The REV8 family is designed for industrial, robotics, automotive, and smart infrastructure markets. Ouster says the platform was built for low-cost, large-scale manufacturing, with production capacity exceeding 100,000 units annually and a planned 10-year production life. Benchmark, Ouster's long-time manufacturing partner, will use its automated production capabilities and global network of 20 facilities across eight countries to help scale output and support future growth.
On the technical side, Ouster remains in a strong long-term uptrend. The stock trades about 10% above its 20-day simple moving average (SMA) of $39.63 and roughly 64% above its 200-day SMA of $26.55. The 20-day SMA is also above the 50-day SMA, and the golden cross from May—when the 50-day SMA moved above the 200-day SMA—keeps the broader trend bullish.
But momentum is more mixed. The MACD (moving average convergence divergence) is below its signal line, and the histogram is negative. That suggests buying pressure has cooled from the prior rally. In simple terms, MACD shows whether momentum is building or fading. Right now, it points to fading momentum, even though the stock remains elevated.
The key question is whether the premarket move can hold above the 20-day SMA and push back toward the June peak, which also marks the stock's 52-week high. Key resistance sits at $49.50, near the 52-week high of $49.39—a common area where rallies can stall. If Ouster fails to hold that level, the stock could pull back toward the 20-day and 50-day moving averages after its steep run.
Price Action: Ouster shares were up 7.91% at $42.95 during premarket trading on Monday, according to market data.
