RSI low/high Values: [ 25 - 75 ]
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AI Analysis of SPCE
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Green day on Thursday for Virgin Galactic stock after gaining 1.37%
(Updated on Mar 28, 2024)

Sell candidate since Feb 28, 2024 Loss -15.43% PDF

The Virgin Galactic stock price gained 1.37% on the last trading day (Thursday, 28th Mar 2024), rising from $1.46 to $1.48. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.56% from a day low at $1.44 to a day high of $1.52. The price has risen in 5 of the last 10 days but is still down by -9.2% for this period. Volume fell on the last day by -775 thousand shares and in total, 8 million shares were bought and sold for approximately $11.96 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -34.19% during the next 3 months and, with a 90% probability hold a price between $0.86 and $1.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SPCE Signals & Forecast

There are mixed signals in the stock today. The Virgin Galactic stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.66. On a fall, the stock will find some support from the short-term average at $1.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 9.63%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Virgin Galactic stock

Virgin Galactic finds support from accumulated volume at $1.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 5.56%. For the last week, the stock has had daily average volatility of 6.00%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SPCE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Virgin Galactic Holdings, Inc. to open at $1.48, and during the day (based on 14 day Average True Range), to move between $1.37 and $1.59, which gives a possible trading interval of +/-$0.107 (+/-7.24%) up or down from last closing price. If Virgin Galactic Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 14.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.50 (1.35%) than the support at $1.46 (1.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Virgin Galactic Holdings, Inc. stock A Buy?

Virgin Galactic holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.141 Sell Candidate Unchanged

Predicted Opening Price for Virgin Galactic Holdings, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.48 ( 0.00000000%) $1.48

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SPCE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.56 5.41 %
R2 1.53 3.34 %
R1 1.51 2.06 %
Current price: 1.48
Support S1 1.45 -2.06 %
S2 1.43 -3.34 %
S3 1.40 -5.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.79 20.95 %
R2 1.72 16.22 %
R1 1.50 1.35 %
Current price 1.48
Support S1 1.46 -1.35%
S2 1.43 -3.38%
S3 1.40 -5.41%

FAQ

What is the symbol for Virgin Galactic Stock and on which exchange is it traded?
The symbol for Virgin Galactic is SPCE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Virgin Galactic Stock?
Virgin Galactic holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Virgin Galactic Stock?
Virgin Galactic Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Virgin Galactic Stock.

What's the current price of Virgin Galactic Stock?
As of the end of day on the 2024-03-28, the price of an Virgin Galactic (SPCE) share was $1.48.

What is the 52-week high and low for Virgin Galactic Stock?
The 52-week high for Virgin Galactic Stock is $6.17 and the 52-week low is $1.33.

What is the market capitalization of Virgin Galactic Stock?
As of the 2024-03-28, the market capitalization of Virgin Galactic is 592.059M.

When is the next earnings date for Virgin Galactic?
The upcoming earnings date for Virgin Galactic is May 14, 2024.
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About Virgin Galactic Holdings, Inc.

Virgin Galactic Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company serves private individuals, researchers, and government agencies. Virgin Galactic H... SPCE Profile

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