VIRGIN GALACTIC HOLDINGS INC (SPCE) Stock Technical Analysis
NYSE:SPCE - US92766K4031 - Common Stock
3.22 USD
+0.14 (+4.55%)
3.23 USD
+0.01 (+0.31%)
Taking everything into account, SPCE scores 1 out of 10 in our technical rating. SPCE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SPCE is a bad performer in the overall market: 91% of all stocks are doing better.
SPCE is part of the Aerospace & Defense industry. There are 68 other stocks in this industry, of which 83% are performing better than SPCE.
SPCE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
SPCE has an average volume of 3409880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SPCE has a been trading in the 2.92 - 3.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SPCE has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.77
4.19
3 important support areas can be observed.
- A support zone ranging from 3.03 to 3.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.96 from a horizontal line in the daily time frame.
- Support @2.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.23 to 3.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.58 from a trend line in the weekly time frame.
- Resistance @3.74 from a trend line in the weekly time frame.
- Resistance @3.85 from a trend line in the daily time frame.
- Resistance @4.15 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SPCE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPCE is neutral. |
| ChartMill Relative Strength | 9.3 | NEGATIVE | SPCE has a low relative strength, it was outperformed by 90.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SPCE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SPCE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPCE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.34 | NEUTRAL | The RSI value for SPCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SPCE has a positive trend. |
| Stochastics (14,3) | 36.9 | NEUTRAL | The Stochastics value for SPCE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for SPCE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.92 | NEGATIVE | The low ADX value for SPCE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.22
+0.14 (+4.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg4.55%
1 Week2.88%
2 Weeks7.69%
1 Month-5.85%
3 Month0%
6 Month-5.57%
12 Month-44.86%
2 Year-91.06%
3 Year-96.58%
5 Year-99.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.56%
ATR Inc-3.71%
Range Today0.19
ADR(20)0.14
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.3
Mansfield-3.58
10 Day High3.48
10 Day Low2.98
20 Day High3.48
20 Day Low2.92
52 Week High8.19
52 Week Low2.18
CS1 End3.07
CR1 Start3.23
Volume & EV
DER(3)0.51%
DER(5)-2.76%
Volume2.18M
Volume Incr-46.89%
Vol(5)1.56M
Vol(50)3.41M