Virgin Galactic: decline slows, MACD turns bearish
Virgin Galactic sheds 0.4% and holds its double bottom as MACD turns bearish
Virgin Galactic: decline slows, MACD turns bearish
Our view last week
Last week Virgin Galactic fell 8.5% without breaking below its prior lows; this time the breakdown came, with a fresh 30-day low in the 2.47 area and a 27% intraday rebound that wasn't enough to save the week from closing down 4.8%. This week's technical analysis of Virgin Galactic stock keeps the picture weak — MACD just turned bearish, ADX rising, sellers still in control — and the sell signal, now in its 4th week, stays under watch.
This week's summary
Virgin Galactic stock almost stalled its decline this week, down just 0.4% after three heavy weeks (-4.8%, -8.5%, -17.1%): the double bottom in the 2.4 area held, with a 32% intermediate rebound. But underneath, the picture is getting trickier — the weekly MACD has just turned bearish and the ADX keeps climbing. In this week's technical analysis of Virgin Galactic stock, the Sell signal is in its fifth week of management, with the short more than 28% in profit.
IQS Phase
80
in tension / maturity
Signal Strength
6
decline losing steam
Sizing
MINIMUM
Ranking
#111 / 140
US stocks
Trade P&L %
+28.09%
from signal to today
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