SpaceX Stock reclaims $135 IPO line, but trend still unconfirmed
SpaceX Stock (SPCX) has staged one of its sharpest recoveries since June. It closed at $138.74, reclaiming the $135 IPO benchmark for the first time since July 16. The bounce is real โ but the daily trend has not yet decisively flipped.
Key takeaways
- SPCX closed at $138.74, reclaiming its $135 IPO line for the first time since July 16.
- Price is now testing the daily 200-period EMA at $136.47 and the upper Bollinger Band at $139.43 simultaneously.
- Daily RSI at 57.22 shows recovering momentum; hourly RSI at 73.79 and 15-minute RSI at 75.99 flash exhaustion warnings.
- A daily ATR of 10.15 signals extreme volatility โ position sizing matters more than precision entries.
- Bullish confirmation requires a close above $139.43; bearish invalidation begins with a loss of daily S1 at $132.86.
Daily structure: neutral bias with an improving tilt
The daily regime reads neutral because price sits above all three key moving averages โ yet the averages remain bearishly ordered. This is a strong counter-trend recovery that has just reached its first serious wall of resistance. Price is now pressed against the daily 200-period EMA at $136.47 and the upper Bollinger Band at $139.43 simultaneously. Rebounds of this speed rarely resolve quietly. Either buyers convert this zone into a base, or the rally hands back a meaningful slice of its gains.
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