SpaceX Stock Price Prediction: SPCX Reclaims IPO Price, Stock Expected to Break $150

TradingKey - As of pre-market trading on August 11, SpaceX (SPCX) closed at $138.74 in its latest session, up 4.2% on the previous trading day. Since hitting a low of $104.83 on August 3, SPCX has rebounded by approximately 28%, reclaiming its $135 IPO price, with its short-term technical structure showing significant improvement.

SPCX daily stock price chart, Source: TradingView

Looking at the daily chart, SPCX previously pulled back continuously from a high of $225.64, with a maximum decline of over 50%, forming interim support near $105. The stock price has recently mounted a consecutive rebound, breaking through $135 and short-term moving average resistance, indicating that the market is transitioning from an oversold bounce to trend repair.

To the upside, $145 to $150 is the current primary resistance zone, with $150 also near the 0.236 Fibonacci retracement level of this decline. If SPCX breaks out on heavy volume and holds above $150, the next target focus could be $160 to $165; if $165 is further breached, the stock price may test $175 to $180.

To the downside, $133-$135 has become a key support area. If the stock holds above $133 following a pullback, it indicates a valid breakout, leaving room for a potential challenge of $150 ahead. If it breaks below $133 again, it could pull back to $125-$130; a further breakdown would draw focus to $115 and the previous low of $104.83.

Overall, SPCX's short-term technical structure has noticeably strengthened, but it remains in a trend repair phase. The $133 level is an important defensive line, while $150 is key resistance for determining whether this rebound can further upgrade to a medium-term reversal.