Intuitive Machines Inc (NASDAQ:LUNR) shares are surging on Monday. The stock reached a new 52-week high of $32.46 during the session as several positive catalysts are fueling this momentum.

Intuitive Machines is scheduled to report first-quarter earnings on Thursday. Analysts estimate a loss per share of 6 cents and quarterly revenue of $204.63 million.

The Nasdaq is up 0.31% while the S&P 500 has gained 0.36%.

Space Sector Momentum Gains Steam

Investor interest in the space industry is heating up. Rocket Lab USA Inc (NASDAQ:RKLB) recently reported revenue topping $200 million. This has lifted the entire sector, and traders are now looking ahead to the Intuitive Machines earnings report.

The SpaceX IPO Proxy Effect

LUNR is benefiting from a public proxy bid. Nine space ETFs launched or filed in the last three months. ETF analyst Eric Balchunas noted he has "never seen anything like it."

This rush stems from a widely anticipated SpaceX initial public offering. Investors are positioning in liquid names like LUNR to capture inflows before the SpaceX filing.

LUNR Technical Analysis: Key Levels To Watch

LUNR is in a strong uptrend across every major timeframe, now up 236.62% over the past 12 months and trading above all key moving averages.

It's about 22.8% above the 20-day SMA ($26.06) and 112.4% above the 200-day SMA of $15.07.

The moving-average structure stays bullish, with the 20-day SMA above the 50-day SMA and a golden cross still in force from November — 50-day SMA above the 200-day SMA.

  • Key Resistance: $31.15
  • Key Support: $26.06

LUNR Price Action: Intuitive Machines shares were up 12.44% at $32.57 at the time of publication on Monday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

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