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(Nasdaq: RCAT) Surges Green Early While Battling 2 Key Chart Resistance Levels
January 29th Greetings, Friend!
Surging green and on watch this morning: Red Cat Holdings, Inc. (Nasdaq: RCAT).
And for good reason...
RCAT has been fighting two very important lines of potential chart resistance in its 13-Day Exponential Moving Average (EMA) and its 50-Day Simple Moving Average (SMA).
With its 200-Day SMA in the rearview mirror, a potential breakdown of resistance at those two levels mentioned above could mean big things aheads in the near term for RCAT as it would be above 3 critical technical chart levels.
It's also important to note that Barchart is continuing to report at least 10 triggered technical indicators as of this AM for RCAT.
Take a quick look at my initial report below and consider putting (Nasdaq: RCAT) on your radar early Wednesday. -----
In the rapidly expanding drone technology sector, Red Cat Holdings, Inc. (Nasdaq: RCAT) stands out as a leader in military and commercial unmanned aerial systems.
The company’s cutting-edge solutions integrate advanced robotics, AI, and imaging technologies to redefine surveillance and precision strike capabilities.
Through subsidiaries Teal Drones and Flightwave Aerospace, Red Cat has developed groundbreaking systems like the Teal 2 and Edge 130 Blue, offering unmatched thermal imaging, endurance, and operational versatility.
With increasing global demand for unmanned systems, Red Cat is well-positioned as a top disruptor in the aerial technology market.
These 4 Potential Catalysts Could Spark (Nasdaq: RCAT) Near Term
#1. Recent developments underscore its momentum, including a $518K order for Edge 130 drones from the Army National Guard and a U.S. government agency.
Jeff Thompson, Red Cat CEO, shared:
“These new orders further validate the performance and unique capabilities of the Edge 130 as part of our Family of Systems and reinforce our position as a trusted provider of drone solutions for government and military applications. We are expanding our manufacturing capacity for the Edge 130 to accelerate this momentum and remain committed to supporting U.S. government agencies with the industry’s best technology that enhances their mission capabilities and success.”
#2. Additionally, the company is among the first in the U.S. authorized to conduct aeronautical research operations without Remote ID, highlighting its collaboration with the FAA.
Jeff Thompson also shared:
“This authorization highlights Red Cat’s commitment as an industry leader to work closely with the FAA on drone requirements and operations in the national airspace system. We are proud to be among the first companies in the United States authorized to conduct research operations without broadcasting Remote ID. This will help accelerate the testing and development of safe and effective drone solutions that support warfighters globally.”
#3. Red Cat’s selection as the U.S. Army’s Short Range Reconnaissance Program of Record further cements its reputation as a trusted provider for military applications.
George Matus, founder of Teal and CTO of Red Cat, said
“This is a powerful moment in time, coming after five years of blood, sweat, and tears put into SRR by our incredible team. The long-awaited production selection marks a new era for our company and the future of American drones. We were selected based on soldier feedback, technical performance, volume manufacturability, and system cost. Our top priority now is to start ramping production of the next generation system, recently announced as the Black Widow and WEB, and give warfighters the tools they need to be successful on the modern battlefield.”
#4. Moreover, the company’s bullish technical indicators signal strong market potential, with 10 indicators triggered across short, medium, and long-term.
As of 3:00PM EST Tuesday, Barchart was reporting these as triggered:
Short Term Indicators
- 20 - 50 Day MA Crossover
- 20 - 100 Day MA Crossover
- 20 - 200 Day MA Crossover
Medium Term Indicators
- 50 - 100 Day MA Crossover
- 50 - 150 Day MA Crossover
- 50 - 200 Day MA Crossover
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MA Crossover
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Coverage is officially initiated on Red Cat Holdings, Inc. (Nasdaq: RCAT). As soon as updates are necessary, I'll get them out. Talk again soon.
All the best, Dane James Editor Market Pulse Today
RCAT Website.
(Remember: St-ock Prices Could Be Significantly Lower Now From The Original Dates I Provided.)
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Pursuant to an agreement between Thousand Sun Media LLC and TD Media LLC, Thousand Sun Media LLC has been hired by TD Media LLC for a period beginning on 01/28/2025 and ending on 01/29/2025 to publicly disseminate information about (RCAT:US) via digital communications. Under this agreement, Thousand Sun Media LLC has been paid five thousand USD (“Funds”) to disseminate information about (RCAT:US) via digital communications. These Funds were part of the funds that TD Media LLC received from a third party who did receive the funds from the issuer and does not own st-ock in the issuer but the reader should assume that the clients of the third party own shares in the issuer that they will liquidate at or near the time you receive this communication, which has the potential to hurt share prices.
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