Virgin Galactic, the sell-off speeds up again
Virgin Galactic drops 2.7%: the decline regains momentum as 82% of volume turns to selling
Virgin Galactic, the sell-off speeds up again
Our view last week
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.
This week's summary
After last week's near-stall, Virgin Galactic stock's decline regains momentum: 82% of volume poured into selling, money flow keeps sliding deeper negative and the weekly ADX climbs to 27, a sign the trend is gaining conviction. In this week's technical analysis of Virgin Galactic stock, the double bottom in the 2.4 area still holds, but underneath the surface selling pressure has strengthened.
IQS Phase
85
in tension / maturity
Signal Strength
18
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#112 / 141
US stocks
Trade P&L %
+30.06%
from signal to today
Rank position
ranks 112th among the 141 sell signals for US stocks in our ranking, with a signal strength of 18 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
SPCE belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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