- Virgin Galactic returns to the moon as stock pops over 30% on Monday.
- SPCE stock surges as space flight tickets open to the public.
- For only $450,000, customers can jump on board.
Virgin Galactic (SPCE) shares are halfway to the moon after Tuesday's price surge saw SPCE shares close up over 30%. This is an old favourite among retail traders and had been off the radar of late.
Tuesday's news of reservations opening saw a surge in interest on social media chat rooms and sites. A surge in interest will we see a surge in ticket sales. At $450,000 a pop, it may be beyond the means of many, but that has not stopped shareholders from piling in. After all, the economy is awash with Fed cash and savings rates have dramatically increased during the pandemic, especially among the wealthy and super-wealthy.
It remains to be seen if they will splash out or not. Space tourism has recently caught on as Richard Branson and Jeff Bezos both made their maiden flights. Captain Kirk (William Shatner) was probably the most high-profile traveller so far.
Virgin Galactic Stock News
A nice 31% surge met the announcement that reservations are now open for tickets on Virgin Galactic's spaceflights from February 16. News will at least likely be elevated over the next few days as sales numbers may or may not be released or at least speculated on. The ticket cost is as mentioned $450,000 with a deposit of $150,000.
Virgin Galactic Stock Forecast
This one is very hard to forecast from a chart perspective when you get volatility of this magnitude. This is momentum trading, so try and identify when it is high and low and trade accordingly. News flow is the key driver here. We may as mentioned see more in the coming days as ticket sales figures appear in the media. Momentum and growth stocks face an unfavourable macroeconomic backdrop, so bear this in mind. When momentum fades, price falls will likely be sharp.
Having said that, adjusting the chart for volatility does still show the strong downtrend. There is a gap to fill up to $11.50, and this will be the first resistance.
Virgin Galactic (SPCE) chart, daily
For short-term analysis, the opening gap surged repeatedly higher until some stabilisation around $10.31. This is where most of yesterday's volume was printed, so this is swing support. A break and the stock is going to likely target filling the opening gap at $8.13.
Virgin Galactic (SPCE) 15-minute chart
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD holds near 1.1350 as markets gear up for this week's big events
EUR/USD keeps its range play intact at around 1.1350 at the beginning of the week. The cautious market mood and easing US Dollar demand help the pair hold its ground as investors gear up for this week's upcoming key macroeconomic data releases.
GBP/USD recaptures 1.3300 as US Dollar buying stalls
GBP/USD has picked up fresh bids and regained the 1.3300 mark in the European trading hours on Monday. A pause in the US Dollar advance and a mildly positive risk sentment help the pair recover ground. However, the technical outlook on the daily time frame suggests a weakening bullish trend.
Gold price hangs above $3,265-3,260 support amid receding safe-haven demand and mildly positive USD
Gold price sticks to its bearish bias for the second successive day on Monday and trades just above the $3,265-3,260 pivotal support during the first half of the European session. Despite of mixed signals from the US and China, the optimism over the potential de-escalation of trade tensions between the world's two largest economies turns out to be a key negative factor.
Monero Price Forecast: XMR soars over 50% amid rising demand for privacy coins
Monero (XMR) price is extending its gains by 50% at the time of writing on Monday, following a 9.33% rally the previous week. The main reason for XMR’s rally is speculation that the token, which is widely known for its status as a privacy coin, was used to launder a suspected theft involving 3,520 BTC worth $330.7 million.
Week ahead: US GDP, inflation and jobs in focus amid tariff mess – BoJ meets
Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.