SpaceX Surpasses $2.43 Trillion Market Value on Nasdaq Debut
- Valuation Surge: On its second day of trading on Nasdaq, SpaceX's market value soared past $2.43 trillion with shares rising over 16%, significantly exceeding Morningstar's fair value estimate of $63 per share, reflecting strong market confidence in its future potential.
- Active Trading: During its second trading session, SpaceX shares opened at $171.81 and reached an intraday high of $188.80, with trading volume surpassing 196 million shares, indicating robust investor demand despite existing concerns about its fundamentals.
- Institutional Investment Support: ARK Invest purchased approximately $444 million worth of SpaceX shares on June 12, acquiring 3,291,184 shares, which underscores institutional investors' confidence in the company's growth prospects, even as analysts remain cautious about its current earnings.
- Bitcoin Holdings Impact: The IPO has garnered additional attention due to SpaceX's holdings of 18,712 BTC, positioning it prominently among the so-called
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0178 | 0.0194 | 0.0208 | 0.0224 | 0.0238 | 0.0254 | 0.0268 |
| Fibonacci | 0.0194 | 0.0206 | 0.0213 | 0.0224 | 0.0236 | 0.0243 | 0.0254 |
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