VIRGIN GALACTIC HOLDINGS INC (SPCE) Technical Analysis
NYSE:SPCE • US92766K4031
Taking everything into account, SPCE scores 0 out of 10 in our technical rating. SPCE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SPCE is a bad performer in the overall market: 90% of all stocks are doing better.
- SPCE is one of the lesser performing stocks in the Aerospace & Defense industry. 83% of 78 stocks in the same industry do better.
- SPCE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month SPCE has a been trading in the 2.34 - 2.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- SPCE has an average volume of 3808330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SPCE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
2.47
We found 1 important support area.
- Support @2.49 from a trend line in the daily time frame.
We can see 6 important resistance areas.
- Resistance @2.65 from a horizontal line in the daily time frame.
- Resistance @3.56 from a trend line in the weekly time frame.
- Resistance @4.09 from a trend line in the weekly time frame.
- Resistance @4.28 from a horizontal line in the weekly time frame.
- Resistance @4.39 from a trend line in the daily time frame.
- Resistance @4.65 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for SPCE is down. |
| ChartMill Relative Strength | 10.02 | NEGATIVE | SPCE has a low relative strength, it was outperformed by 89.98% 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) | DOWN | NEGATIVE | The current price of SPCE is below a declining 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) | 44.32 | NEUTRAL | The RSI value for SPCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SPCE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.96 | NEUTRAL | The Stochastics value for SPCE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for SPCE suggests high volalility. |
| Average Directional Index/ADX (14) | 17.64 | NEGATIVE | The low ADX value for SPCE suggests a weak or negative trend. |
SPCE Technicals: Chart, Performance Metrics, Trend & Indicators
2.56
-0.05 (-1.92%)
VIRGIN GALACTIC HOLDINGS INC / SPCE FAQ
Can you provide the ChartMill technical rating for VIRGIN GALACTIC HOLDINGS INC?
ChartMill assigns a technical rating of 0 / 10 to SPCE.
What is the trend direction for 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 44.3214. This indicates that the stock is currently neutral.
What is the short term momentum for VIRGIN GALACTIC HOLDINGS INC (SPCE) stock?
The short term momentum for VIRGIN GALACTIC HOLDINGS INC (SPCE) is negative.
What is the support and resistance level for SPCE stock?
VIRGIN GALACTIC HOLDINGS INC (SPCE) has a support level at 2.49 and a resistance level at 2.65. Check the full technical report for our detailed analysis of SPCE support and resistance levels.