Intuitive Machines Breaches 126-Day Trendline as Short Squeeze Looms
LUNR•Intuitive Machines’ shares have fallen below their 126-day moving average after peaking at $46.75 in late May, reflecting a sector pullback in satellite stocks. However, significant short interest and potential for a short squeeze suggest a rapid rebound once market attention shifts from SpaceX.
1. Recent Price Peak
Intuitive Machines shares reached a high of $46.75 at the end of May before entering a sector-wide pullback in satellite stocks. This peak followed several weeks of bullish momentum as investors anticipated continued growth in space technology services.
2. Trendline Breach
On Friday, the stock broke below its 126-day moving average, marking a shift in technical trendlines that had supported higher prices since early 2026. Traders view this breach as a sign of near-term weakness, increasing focus on key support levels.
3. Short Squeeze Outlook
Nearly 20% of Intuitive Machines’ float is sold short, creating the potential for a rapid rebound if bears rush to cover. Market attention currently centered on SpaceX could pivot back, triggering a swift short squeeze and driving shares higher.
