SpaceX stock was trading at $174.70 as of 09:55 ET on Tuesday, up 2.11% from the previous close of $171.09. It opened at $172.09, traded between a low of $172.00 and a high of $176.41, and was last at $174.70, against a previous close of $171.09.
Key takeaways
- SpaceX stock was trading at $174.70 as of 09:55 ET, up 2.11% from Monday’s close of $171.09.
- Daily RSI14 is 70.74, crossing into overbought territory from Monday’s 68.93.
- Hourly RSI14 is 81.03, up from 77.78, sitting deeper in overbought territory than the daily reading.
- The daily MACD histogram expanded to 2.01 from 1.13, with the MACD line at 5.45 above its signal at 3.44.
- Price trades above the daily upper Bollinger band at $167.66, above the daily pivot at $167.39, and below daily R1 at $176.17.
Daily Chart Confirms a Bullish Bias, But Momentum Is Already Stretched
The daily chart confirms a bullish bias: SpaceX stock trades above both key moving averages, yet momentum indicators are flashing overbought. The stock sits above its 20-session EMA at $153.32 and its 50-session EMA at $148.39, confirming the uptrend that has carried it higher. The 20-session EMA itself climbed to $153.32 from $151.07.
Daily RSI14 stands at 70.74, rising from 68.93, placing the stock in overbought territory. The daily MACD histogram expanded to 2.01 from 1.13. The MACD line at 5.45 sits above its signal at 3.44, a configuration where the line leads its signal on the upside.
At the same time, price near $174.70 trades above the upper daily Bollinger band at $167.66. That band sits above the $152.35 mid-band and the $137.04 lower band. This extension beyond the upper band marks a stretched condition on the daily chart.
The daily ATR14 reads 7.19. The daily pivot structure places the pivot point at $167.39, first resistance (R1) at $176.17, and first support (S1) at $162.32. SpaceX stock currently sits between the pivot at $167.39 and R1 at $176.17.
Hourly Trend Confirms the Daily Bias
The hourly chart reinforces the daily picture. SpaceX price sits above its 20-hour EMA at $162.67. That average sits above the 50-hour EMA at $156.60, which in turn sits above the 200-hour EMA at $148.51. The result is a fully stacked bullish structure. The hourly timeframe structure is bullish, matching the daily trend.
However, hourly RSI14 at 81.03, up from 77.78, is deeper in overbought territory than the daily reading. The hourly MACD histogram rose to 1.26 from 1.15, with the line at 5.49 above its signal at 4.24. Price is trading below the hourly upper Bollinger band at $176.39 but comfortably above the $160.42 mid-band.
Against the hourly pivot levels — pivot point $170.92, R1 $172.65, S1 $169.36 — SpaceX stock is already trading above R1. Notably, hourly ATR14 rose to 2.68 from 2.48, consistent with the pickup in intraday volatility accompanying today’s advance.
In short, the daily and hourly timeframes agree on direction. Both, however, show RSI readings firmly in overbought territory, with the hourly gauge more extreme than the daily one. That combination of aligned trend and stretched momentum is the central tension in this setup.
15-Minute Chart: Execution Context Turns Choppier
On the 15-minute chart, the same bullish alignment holds. Price sits above the 20-period EMA at $169.08. That average sits above the 50-period EMA at $164.41 and the 200-period EMA at $156.05. The 15-minute structure is also bullish.
Meanwhile, 15-minute RSI14 is 79.00, within overbought territory. The 15-minute MACD histogram rose to 0.35 from 0.24, with the line at 2.62 above its signal at 2.26. Price is trading above the 15-minute upper Bollinger band at $173.69, a short-term overextension on this execution timeframe.
Against the 15-minute pivot — pivot point $174.52, R1 $177.04, S1 $173.26 — SpaceX stock sits just above the pivot and below R1. The 15-minute ATR14 rose to 1.49 from 1.40, reflecting the faster pace of short-term swings.
News Flow Around SpaceX Stock
The recent news flow has leaned constructive. A Yahoo Finance report published before Tuesday’s open said SpaceX shares jumped to their highest close since June. The report attributed the move to a bullish call from Morgan Stanley, which it described as one of the street’s biggest bulls. It added that shares were getting a big boost after the call to buy.
Separately, a CNBC report published before Tuesday’s open noted that options traders are assigning less than a 50% chance that SpaceX touches $225 between now and July. That estimate is based on current options pricing.
A Seeking Alpha article published before Tuesday’s open argued the stock is a buy. It pointed out that SpaceX ended the second quarter with 1.4 GW of compute capacity. The article also noted management’s view that capacity could approach 10 GW during 2027.
On Monday, a separate Seeking Alpha report said SpaceX is seeking approval to build a natural gas pipeline in Florida. The filing, submitted to state regulators, would supply fuel for Starship rockets launched from Cape Canaveral. Also on Monday, a CNBC report said SpaceX shares had climbed to their highest level since June. The report noted the stock has bounced almost 60% off its early-August low. It linked the recovery to the company’s AI business and Starship progress. The same report said the move returned Elon Musk to trillionaire status.
Bullish Scenario for SpaceX Stock
The bullish case builds on what is already in place. If SpaceX stock clears daily R1 at $176.17, it would then face the 15-minute R1 at $177.04. Clearing both would mark a push through the nearest overhead references on both timeframes. Confirmation would come from the daily MACD histogram holding positive and the hourly RSI14 staying above 50, keeping the broader trend structure intact. Continued stacked EMA alignment on the daily, hourly, and 15-minute charts would support the case that the uptrend in SpaceX stock remains structurally intact.
Bearish Scenario and What Would Invalidate the Rally
On the other hand, a loss of upside pressure would need to show up first on the shorter timeframes. A break below the 15-minute S1 at $173.26 would be an early signal, particularly alongside 15-minute RSI14 dropping back toward the 50 level.
On the daily chart, a break below the pivot point at $167.39 would weaken the broader bullish case. A deeper setback would involve price losing the hourly 20-hour EMA at $162.67, which currently underpins the stacked hourly structure, followed by the daily S1 at $162.32. Below the daily S1 at $162.32, the 20-session EMA is at $153.32. A daily RSI14 move back below 70 would mark a retreat from the current overbought extreme.
Closing Take
Overall, SpaceX stock is trading at $174.70. It sits above its daily, hourly, and 15-minute pivot points, and above the upper Bollinger bands on both the daily and 15-minute charts. The daily ATR14 at 7.19 and the hourly ATR14 at 2.68 indicate volatility.
The trend structure across all three timeframes is aligned higher. Recent reports add to the constructive backdrop. These include the Morgan Stanley call cited by Yahoo Finance and the bullish Seeking Alpha thesis tied to SpaceX’s compute-capacity buildout. At the same time, RSI14 readings of 70.74 on the daily chart and 81.03 on the hourly chart leave little room for error. Where the next leg takes the stock from here remains an open question.
FAQ
What do the overbought RSI readings indicate for SpaceX stock?
The daily RSI14 at 70.74 and hourly RSI14 at 81.03 both sit in overbought territory. While the trend across daily, hourly, and 15-minute timeframes remains aligned higher, these stretched readings show that momentum has extended well beyond neutral levels on both timeframes.
What are the key levels to watch for SpaceX stock?
On the daily chart, the pivot point sits at $167.39, with R1 at $176.17 and S1 at $162.32. The 20-session EMA is at $153.32. On the hourly chart, the 20-hour EMA stands at $162.67. On the 15-minute chart, S1 is at $173.26 and R1 at $177.04.
What recent news has surrounded SpaceX stock?
Yahoo Finance reported a bullish Morgan Stanley call before Tuesday’s open, describing the firm as one of the street’s biggest bulls. Seeking Alpha argued the stock is a buy, citing 1.4 GW of Q2 compute capacity. CNBC noted that options traders assign less than a 50% probability to SpaceX reaching $225 by July, based on current options pricing.
Disclaimer: This article is for informational purposes only and does not constitute financial advice, an investment recommendation, or a solicitation to buy or sell any financial instrument. The analysis provided is not indicative of future results. Investing in financial markets carries a high risk of capital loss. Always do your own research (DYOR) and consult a qualified financial advisor before making any decision.
Cryptonomist and the author hold no positions in the financial instruments mentioned and receive no compensation from the companies covered.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.