Following the technicals of BKSY

Blacksky Technology, Inc

July 09, 2025

About BKSY

Blacksky Technology, Inc. is a space-based intelligence company, which engages in the business of delivering real-time imagery, analytics, and high-frequency monitoring of most critical and strategic locations, economic assets, and events. The firm is also involved in providing geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems to government and commercial customers. The company was founded in 2014 and is headquartered in Herndon, VA.

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Technical Analysis

These newsletters tend to focus strongly on Tech and AI stocks, but for good reason. They are the most popular among retail investors because they have the possibility of making a lot of money fast or within a few years. BKSY is no different.

This analyst has been watching BKSY for a few weeks now and and yesterday it has hit a pivotal price on its chart. Now we need to discuss. Take a look at the first chart below (1hr chart). It’s pretty obvious what we are looking at. BSKY closed yesterday at $21.66, just under its recent high a few months ago of $21.92. As of this morning, at the time of writing this article (7/8/25), BKSY is set to open above that high at $22.39. That would be huge.

This was a big resistance line that BKSY struggled to get past over the last two trading days and for it to break that in premarket hours, could help slingshot it to the next resistance area which we’ll talk about soon. What we want to watch for today and prior to this article being released is whether or not BKSY will immediately dip below this line or now use it as a support level.

Take a look at the chart below. I had to switch to the 1 day chart to go back far enough to show the last time BKSY was at these levels and that was back in August of 2022. I used this area to come up with a new target price if we manage to hold these levels. I would like to see consolidation between roughly $23.90 and $25. If BKSY can spend a few days here creating a new support level, it will show strength in the market for nervous buyers who fear this may just be a pump and dump.

Finally, if BKSY does not hold that $21.92 support level, look to see if it will find support back in the $19.35 - $20.35 range.

A Final Note

What are we looking for right now? Keep above the $21.92 support level. If you’re not in right now, it probably wouldn’t hurt to wait it out to see where this goes. I think there is more to loose if this dips than what you would miss out if it makes the next leg up. FOMO is real, don’t give in. There are plenty of other stocks that haven’t made its move yet.

“Never financial advice, just a thought”

-Bremcakes