Buy signal · week 2, first hurdle
Virgin Galactic drops 5%: turned away at the 200-day average, the buy signal holds
Our view last week
Virgin Galactic bounced off its 20-day moving average again, in the 3.1 area, and closed the week up 3.9%: the buy signal that fired 7 days ago is holding and passes its first test. Virgin Galactic stock keeps its weekly MACD above the Signal line for a 2nd week, yet the price action shows shrinking volume and, on the daily chart, buyers taking just 6.7% of trading. The 7-day high, in the 3.38 area, is the next hurdle for this swing trading setup.
This week's summary
Virgin Galactic gave back 5% and slipped under the 20-day moving average it had bounced from 7 days ago: the 200-day average, in the 3.23 area, capped the advance. The buy signal is still standing, and Virgin Galactic stock keeps two props: a weekly MACD above its Signal line and money flow that has been positive for 4 weeks. Among US stocks with weekly buy signals, this one now needs a close above its 7-day high, in the 3.33 area.
IQS Phase
33
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#44 / 93
US stocks in progress
Trade P&L %
-1.30%
from signal to date, no stop loss
Virgin Galactic (SPCE) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 44th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -0.28% · monthly -1.64%
SPCE belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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