Intuitive Machines Inc (NASDAQ:LUNR) shares are surging higher on Wednesday. Concerns about a potential U.S.–Iran conflict and the ongoing Russia‑Ukraine are contributing to the rising geopolitical tensions.
- Intuitive Machines shares are powering higher. Why is LUNR stock up today?
Ukraine–Russia Talks Stall In Geneva
Two days of peace talks between Ukraine and Russia wrapped up in Geneva on Wednesday without any progress, according to Reuters.
President Volodymyr Zelenskiy accused Moscow of dragging its feet on U.S.-mediated negotiations aimed at ending the four‑year conflict, calling the discussions "difficult." Ukraine continues to face pressure from U.S. President Donald Trump to accept a deal that could involve disappointing concessions, while Russian forces intensify attacks on its power grid and make slow gains on the battlefield.
Iran Tensions Escalate
At the same time, tensions between the U.S. and Iran are rising. Iran's semi‑official Fars news agency reported that Iran and Russia plan to hold joint naval drills in the Sea of Oman and the northern Indian Ocean on Thursday.
As nuclear talks kicked off on Tuesday, Iranian state media said the country temporarily closed parts of the Strait of Hormuz, a crucial global oil chokepoint, citing security measures while its Revolutionary Guards carried out military exercises in the area.
Political consultancy Eurasia Group told clients Tuesday it sees a 65% chance of U.S. military strikes on Iran by the end of April.
Technical Setup Shows Mixed But Cautious Momentum
Intuitive Machines is currently positioned in a mixed technical setup, with its price trading below the 20-day SMA but above the 50-day and 100-day SMAs. This indicates some bullish momentum in the medium term, especially given that the 50-day SMA has crossed above the 200-day SMA, suggesting a potential long-term uptrend.
The RSI is currently at 47.17, which is considered neutral territory, indicating that Intuitive Machines is neither overbought nor oversold. MACD is below its signal line, indicating bearish pressure on the stock. This suggests that traders should be cautious, as it reflects a potential weakening in momentum that could lead to further downside if not reversed.
Key support is at $17.00, while resistance is at $20.50. If Intuitive Machines tests the support level and holds, it could signal a reversal or consolidation, while a breach of resistance could indicate a continuation of the current bullish trend.
The golden cross in November, where the 50-day SMA crossed above the 200-day SMA, is a bullish signal that traders often watch for. This crossover suggests a shift in momentum that may support a longer-term uptrend if the stock can maintain its position above these moving averages.
Over the past 12 months, Intuitive Machines has seen a decline of 11.74%. This longer-term performance highlights some challenges, but the recent price action and moving average relationships suggest that traders should remain alert for potential recovery signals.
Currently, Intuitive Machines is trading at 68.5% of its 52-week range, indicating it’s closer to the highs than the lows. This positioning suggests that while there is upward potential, the stock must navigate through resistance levels to gain further traction.
LUNR Price Action: Intuitive Machines shares were up 5.29% at $17.50 at the time of publication on Wednesday, according to Benzinga Pro.
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