SpaceX Shares Fall 1.45% as Daily and Hourly Charts Diverge

SpaceX shares fell 1.45% to $140.01 at 9:36 a.m. ET (14:36 UTC) Tuesday, Nov. 10, reversing part of Monday’s advance while hourly indicators remained firmer than daily readings.

SPCX closed Monday at $142.07, after Friday’s $134.27 finish. The 9:36 a.m. quote remained above the $135 per-share price SpaceX set in its June initial public offering. The pullback followed a broad advance in U.S. stocks Monday, when SPCX also finished higher.

On the daily chart, shares were below the 20-session exponential moving average at $142.59 and the 50-session average at $145.99. The daily relative strength index (RSI), a momentum indicator, was 47.02, below the neutral 50 mark. Hourly readings were firmer: SPCX was above its 20-period and 50-period moving averages, and its hourly RSI was 57.96.

At the snapshot, the daily pivot was $140.21, just above the share price, and the chart’s first support level was $137.23.