Howmet Aerospace Inc. stock breaks 200-day EMA as SpaceX threat fuels selloff
Howmet Aerospace Inc. stock closed at $243.71, slipping below the 200-day EMA of $247.99. The selloff follows SpaceX in-house blade-casting plans and mounting valuation concerns. This marks a structural trend shift, not a minor pullback.
Key takeaways
- Howmet Aerospace Inc. stock closed at $243.71, below all major daily EMAs including the 200-day at $247.99.
- Daily RSI14 plunged to 27.34, deep into oversold territory, while the MACD histogram continues widening negative at -3.69.
- SpaceX plans to cast gas-turbine blades in-house pose a direct competitive threat to Howmetโs core casting business.
- Valuation analysis suggests HWM could be 21% overvalued, with a P/E of 50.9x flagged as stretched.
- The daily and 1H timeframes align bearish, but the 15m MACD shows early signs of a momentum pause.
Daily Timeframe: Howmet Stock Turns Bearish Despite Neutral Regime Tag
The daily trend is decisively bearish. RSI14 at 27.34 confirms aggressive selling has taken hold.
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