---
title: "Why Is Velo3D Stock Falling On Friday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289625635.md"
description: "Velo3D (VELO) stock fell 16% on Friday as traders took profits following a 34% surge driven by SpaceX IPO buzz and an aerospace partnership. Despite the pullback, technical indicators like the golden cross and MACD suggest the long-term uptrend remains intact. The stock trades above key moving averages, with support near $21.17 and resistance at $26.50. Analysts remain bullish, with Lake Street raising its price target to $20 ahead of the Aug 26 earnings report."
datetime: "2026-06-12T17:11:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289625635.md)
  - [en](https://longbridge.com/en/news/289625635.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289625635.md)
---

# Why Is Velo3D Stock Falling On Friday?

**Velo3D Inc.** (NASDAQ:VELO) stock plunged Friday as traders cashed in gains following a sharp rally fueled by **SpaceX IPO** buzz and a newly announced aerospace partnership.

The pullback comes a day after shares surged 34% to $30, with investors appearing to take profits as momentum cooled despite a broadly positive market backdrop. The Nasdaq rose 0.19%, while the S&P 500 gained 0.28%.

## Technical Trend Remains Intact

Despite Friday’s selloff, Velo3D remains in a strong long-term uptrend. The stock is trading 21.1% above its 20-day simple moving average of $21.17 and 135.6% above its 200-day simple moving average of $10.88.

The bullish setup is supported by a golden cross that formed in January, when the 50-day moving average moved above the 200-day moving average. Technical analysts often view that pattern as a sign of improving long-term momentum.

Momentum indicators also remain constructive. The MACD remains above its signal line, while the histogram remains positive. That suggests the broader uptrend remains intact even as shares undergo a near-term pullback.

Traders will be watching whether VELO can hold support near its 20-day moving average. On the upside, resistance sits near $26.50, a level that could cap any rebound attempt.

## Earnings And Analyst Outlook

The next major catalyst is expected to be the company’s earnings report, scheduled for Aug. 26, 2026.

Wall Street expects Velo3D to report a loss of 35 cents per share on revenue of $12.56 million.

In the latest analyst action, **Lake Street** reiterated its Buy rating and raised its price forecast to $20 on May 13.

## Velo3D Price Action

**VELO Stock Price Activity:** Velo3D shares were down 16.53% at $25.55 at the time of publication on Friday, according to Benzinga Pro data.

_Photo by Michael Vi via Shutterstock_

**Read Also: Value Investors Question SpaceX's Record IPO: 'It's The Future That Kills You'**

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