SPCX Daily Chart Update: Growing Bearish Pressure, Broken Support, and the Classic IPO Overhang

SPCX Daily Chart Update: Growing Bearish Pressure, Broken Support, and the Classic IPO Overhang

by David Coulling Comment Closed
SPCX Daily Chart Update: Growing Bearish Pressure, Broken Support, and the Classic IPO Overhang The daily chart for SPCX (Space Exploration Technologies Corp.) has turned increasingly constructive for the bears. Price has been rejected at the manually drawn yellow resistance line, now reinforced by the 10-period red resistance level near $157. More importantly, the support channel around $147 has given way. The blue dashed line of the Accumulation/Distribution indicator has been firmly breached, confirming that the balance of buying versus selling pressure has shifted. With little meaningful support immediately below, the next logical area of interest sits back near the August base around $110–115. Recent Rally Attempts and Volume Signals of Weakness Two recent attempts to rally have failed in classic distribution style: On Monday, the stock pushed higher but collapsed back to close near the open — a clear rejection. Today produced an even greater effort on increased volume, yet price again failed to hold and closed weakly. In volume-price analysis terms, these...
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SPCX: Classic IPO Behaviour in Full View – Why This Is Still a Traders’ Stock

SPCX: Classic IPO Behaviour in Full View – Why This Is Still a Traders’ Stock

by David Coulling Comment Closed
SPCX: Classic IPO Behaviour in Full View – Why This Is Still a Traders’ Stock Space Exploration Technologies (SPCX) continues to behave exactly as many newly public companies do in their first six to twelve months. The initial rush higher, the subsequent sharp reversals, the staggered lock-up releases, and the news-driven gaps that pull in late buyers only to reverse are all textbook. Right now, the stock offers excellent two-way volatility for active traders, but it is still a long way from being a straightforward long-term investment. The IPO Path So Far For SPCX SPCX came public in mid-June 2026 at $135. The first few sessions saw the classic euphoria surge that takes many IPOs well above the offer price. The stock quickly ran toward the mid-$200s (intraday high near $225.64 in mid-June) before the inevitable cooling-off and profit-taking began. From that peak, it has spent the following months oscillating, at one point trading down toward the low $100s in early August before...
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