SpaceX stock closed at $163.42 on Monday, up 0.52% from Friday's close of $162.57. It was the second straight daily gain for SPCX. Shares of Space Exploration Technologies (SPCX) rose even as
SpaceX stock closed at $163.42 on Monday, up 0.52% from Friday's close of $162.57. It was the second straight daily gain for SPCX.
Shares of Space Exploration Technologies (SPCX) rose even as Chinese memory-chip advances pressured other stocks in the sector. The stock also ended last week 2.3% higher.
So can the move continue? Here is a look at the numbers, the news, and the chart.
SPCX stock had a choppy start. The intraday chart shows a dip below Friday's close early in the 10:00 AM hour, then a quick jump higher.
After that, the price drifted sideways for most of the session. It stayed close to the $165 line and finished at $163.42 at 4:00 PM EDT.
In overnight trading at 11:55 PM EDT, the stock was at $162.42. That is down $1.00, or 0.61%.
Here are the main numbers from the day.
Metric
Value
Friday close
$162.57
Monday close (4:00 PM EDT)
$163.42
Daily change
+$0.85 (+0.52%)
Overnight price (11:55 PM EDT)
$162.42 (-0.61%)
Latest 4-hour candle (open/high/low/close)
$163.94 / $165.00 / $162.79 / $163.46
4-hour volume
1.21M
Previous week performance
+2.3%
RSI (14)
57.39
The move was small. A gain of 85 cents is not much for a stock trading above $160.
Musk posted on X about how fast China can scale a product once it figures out how to make it. He named lithium batteries and solar as examples.
He then called SpaceX a "rare counter-example." By his account, the company puts an order of magnitude more mass into orbit than the rest of the world. China now makes up most of the remaining mass to orbit.
"SpaceX is an anomaly in the matrix," he added.
Musk also talked about memory chips. He said RAM was a "low margin commodity" only about three years ago.
He said LPDDR5 and LPDDR6 share a common standard that China "seems to be solving fast." Newer designs are harder, he said. These include high-bandwidth memory, an SRAM layer under logic, and 3D-stacked RAM above logic. Cooling the logic is another challenge.
In the latest SpaceX stock news, the company posted on X that Falcon 9 launched 27 Starlink satellites from California.
The post was about an hour old in the screenshot. It came ahead of Monday's trading.
A launch like this is routine for the company. Still, traders often watch launch updates for clues about activity and sentiment around the stock.
The 4-hour chart shows an ascending channel. It started in early August, when the price bounced from a low near $104.83.
From there, SPCX climbed in a steady, stair-step way. In early October, it pushed up toward the $172 to $176 area, near the top of the channel.
Then it pulled back. Right now the price sits around $163.46, close to the middle line of the channel and just under the 0.5 Fibonacci level at $165.24.
The RSI reads 57.39. That points to decent momentum without being deeply overbought. The RSI panel also shows a second reading at 63.94.
These are the price levels that matter most on the chart.
Level
Price
What it means
0.618 Fibonacci
$179.49
Upside target if buyers take control
Recent swing high zone
$172 to $176
Top of the channel, recent rejection area
Immediate resistance
$165.24 to $170
0.5 Fibonacci sits at $165.24
Pullback zone
$160 to $158
First area to watch if sellers return
0.382 Fibonacci
$150.98
Key support, near the channel's lower side
0.236 Fibonacci
$133.34
Deeper support if the channel breaks
0 Fibonacci (August low)
$104.83
Start of the rally
The $165.24 to $170 zone is the first test. SPCX has traded right under it for several sessions.
No one knows where the price goes next. But the chart gives a few paths to think about.
Scenario
What needs to happen
Possible targets
Bullish
A clear move above $170
$172 to $176, then $179.49
Neutral
Price stays between $158 and $170
Sideways trading
Bearish (mild)
Rejection near resistance
$160 to $158
Bearish (deeper)
Break below the channel and $150.98
$133.34
For the SpaceX stock forecast, the bias stays cautiously bullish. That holds as long as the price stays above the channel support.
A decisive break above $170 would help the bulls. Without it, the stock could keep moving in a range.
Over the past two months, the trend has been up. The channel is still intact, and the price is well above the August low.
But the last few sessions show hesitation. The overnight dip to $162.42 is a small reminder of that.
Outside the chart, there are other things to watch. Musk's comments on China's speed in manufacturing may shape how investors see competition. Chip-sector news has already moved sentiment.
This SPCX prediction is based on one chart and one day of news. It can change fast. Watch how the stock reacts near $165 and $170 in the next few sessions.
This article is for information only. It is not financial, investment, or trading advice. Stock prices are volatile, and you can lose money. Price levels and targets here are based on chart patterns and are not guaranteed. Do your own research and speak with a licensed financial advisor before making any decision.
