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Leonardo DRS RADA debuts cxMHR radar: Can DRS break above $38.2?
Leonardo DRS plans to unveil its new cxMHR fully digital 4D AESA radar for air and missile defense at AUSA this fall. Shares are up 2% on the day at $37.95.
Highlights
- Leonardo DRS will debut its new fully digital 4D AESA radar for air and missile defense at AUSA this fall.
- Shares of Leonardo DRS are up 2% on the day at $37.95.
- 33 of 41 analysts rate Leonardo DRS stock a buy, with a median price target of $55 about 44.9% above current levels.
Leonardo DRS RADA will debut cxMHR, a fully digital, software-defined 4D AESA radar, at AUSA this fall. The new radar is designed to deliver 360° coverage for both mobile and fixed-site missions. Leonardo DRS employs 7,000 people and has a market value near $9.62 billion on trailing revenue of $3.77 billion.
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Upside stalls as overbought signals counter MA-20 recovery
Price reclaimed the MA-20 at $37.34 during the session, indicating an attempt to reverse from recent weakness. The daily move is significant but runs against a broader bearish chart structure, as shares remain below both the MA-50 and MA-200 while holding above the MA-20 for now. The nearest resistance is the weekly high at $38.2, and Stoch RSI is in overbought territory, which limits the room for further upside and suggests caution for bullish follow-through.
Downside risk dominates as weekly chart bias stays negative
To gauge acceptance of the recent move, traders should monitor whether shares can secure a close above $38.2. Earlier in the session, the price moved back above the MA-20 at $37.34 after a previous close below that level. Despite a sustained move higher with a firm trend over the past week, downside risk remains more likely from here, with downside probability at 67% and upside probability at 33% for the coming trading week; the expected range is $36.93 to $38.96. A close above the weekly high would indicate buyers are willing to continue pressing higher, while a drop back below the MA-20 would suggest the move is being faded. On the weekly chart, the longer-term picture stays negative.
Earlier, analysts noted that despite positive contract announcements, Leonardo DRS remained in a broadly bearish technical structure with limited prospects for near-term upside. The current rebound above the MA-20 brings a potential shift in short-term momentum, making a close above $38.2 the key level to confirm further recovery.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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