Space Exploration Technologies stock closed August 3 at $114.53, surging from an intraday low of $104.83. The sharp recovery, however, does not erase the broader bearish picture. SPCX remains below all three major daily EMAs, leaving the bounce unconfirmed.

Key takeaways

• SPCX rebounded powerfully on August 3, closing at $114.53 after touching an intraday low of $104.83, yet remains below its EMA20 ($125.04), EMA50 ($135.20), and EMA200 ($137.10).
• The daily MACD sits at -10.22 with a histogram of -1, while RSI14 at 42.96 stays below the neutral 50 midpoint — confirming bearish momentum persists.
• Hourly momentum has turned constructive with a bullish MACD crossover,…