VIRGIN GALACTIC HOLDINGS INC (SPCE) Stock Technical Analysis
USA - NYSE:SPCE - US92766K4031 - Common Stock
We assign a technical rating of 2 out of 10 to SPCE. 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.
SPCE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.67. Right above this resistance zone may be a good entry point.
More info and screens
3.27
We found 2 important support areas.
- Support @3.54 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.30 to 3.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.67 to 3.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.10 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for SPCE is down. |
| ChartMill Relative Strength | 18.45 | NEGATIVE | SPCE has a low relative strength, it was outperformed by 81.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPCE is below 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 | MIXED | The current price of SPCE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.91 | NEUTRAL | The RSI value for SPCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SPCE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.84 | NEUTRAL | The Stochastics value for SPCE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.59 | HIGH VOLATILITY | The high ATR as a percentage value for SPCE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.24 | NEUTRAL | The ADX value for SPCE suggests a possible start of a new trend. |
3.55
-0.03 (-0.84%)
VIRGIN GALACTIC HOLDINGS INC / SPCE FAQ
Can you provide the ChartMill technical rating for VIRGIN GALACTIC HOLDINGS INC?
ChartMill assigns a technical rating of 2 / 10 to SPCE.
What is the current trend direction of VIRGIN GALACTIC HOLDINGS INC (SPCE) stock?
The current trend direction for VIRGIN GALACTIC HOLDINGS INC (SPCE) is Bearish.
What is the RSI signal for VIRGIN GALACTIC HOLDINGS INC (SPCE) stock?
VIRGIN GALACTIC HOLDINGS INC (SPCE) has an RSI value of 44.9075. This indicates that the stock is currently neutral.
What is the short term momentum for SPCE stock?
The short term momentum for VIRGIN GALACTIC HOLDINGS INC (SPCE) is negative.
Can you provide the buy/sell signal for VIRGIN GALACTIC HOLDINGS INC?
The buy/sell signal for VIRGIN GALACTIC HOLDINGS INC (SPCE) is sell as both the short term and long term trends are negative.