Serve Robotics Inc. (SERV) is seeing a rise in its stock price today, driven by a combination of technical trading signals and broader market interest in robotics stocks. A recent analysis suggests a buy signal for SERV near the support level of $13.22, with an upside target of $20.11. This technical setup has likely attracted traders looking to capitalize on potential gains. Additionally, the broader market sentiment towards robotics as a sector poised for growth in 2025 is gaining traction, as highlighted in discussions on platforms like Reddit. One user on r/wallstreetbets noted, "Robotics stocks will be the next wave of hypergrowth," emphasizing the potential for significant advancements in the field due to recent AI developments.
Despite being just 30 minutes into the trading day, Serve Robotics Inc. has already experienced a volume of 3,514,593 shares, which is 40.78% of its average daily volume of 8,619,193. The stock opened at $16.93 and has reached a high of $17.90, currently trading at $17.55, up 4.47% from the previous close of $16.80.