SpaceX Stock Surges 15.8% After Lockup, Now Faces 200-Day EMA Test
SpaceX Stock surged Friday, August 7, from an open of 114.97 to a close of 133.11 โ a full-range engulfing candle on 240.6 million shares. Yet the broader daily structure remains unresolved. That tension defines the current setup.
Key takeaways
- SpaceX Stock (SPCX) jumped 15.8% on Friday despite a lockup expiration releasing over 900 million shares
- The 200-day EMA at 136.45 remains the defining resistance for any trend reversal
- Daily RSI sits at 54.77 with MACD histogram turning positive at 1.82
- The decisive structural zone lies between 136.45 and 139.55
- Short-term RSI readings on the 1H and 15m charts warn of overbought conditions
What the Daily Chart Says About SpaceX Stock
The daily chart signals a neutral structure with a short-term bullish tilt. Price has reclaimed the 20-day EMA but remains trapped below the 200-day EMA at 136.45 โ the true gatekeeper for any trend reversal.
EMA Alignment Still Points Lower
For now, the EMA stack remains bearish. The 20-period average at 123.65 sits below the 50-period at 133.03, and both sit beneath the 200-period at 136.45. Price has simply risen into the top of this compressed cluster. That pattern is typical of a bottoming attempt, not an established uptrend.
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