Velo3D Inc (NASDAQ:VELO) shares fell on Friday as traders booked profits following a sharp rally driven by SpaceX IPO buzz and a newly announced aerospace partnership, even as the long-term uptrend remained intact.

Key Highlights

  • Velo3D shares pulled back a day after surging 34% to $30.
  • The stock trades 21.1% above its 20-day moving average of $21.17.
  • VELO sits 135.6% above its 200-day moving average of $10.88.
  • The company's next earnings report is scheduled for August 26, 2026.

Velo3D Inc (NASDAQ:VELO) shares declined on Friday as investors took profits following a sharp rally fuelled by excitement around the SpaceX IPO and a newly announced aerospace partnership. The pullback came a day after the stock surged 34% to reach $30, with momentum cooling despite a broadly positive market backdrop that saw the Nasdaq rise 0.19% and the S&P 500 gain 0.28%.

Despite Friday's selloff, Velo3D remains firmly within a long-term uptrend. The stock continues to trade well above both its short-term and long-term moving averages, sitting 21.1% above its 20-day simple moving average of $21.17 and an extraordinary 135.6% above its 200-day simple moving average of $10.88.

The bullish technical setup is further supported by a golden cross that formed in January, when the 50-day moving average crossed above the 200-day moving average, a pattern technical analysts often associate with improving long-term momentum for a stock.

Momentum indicators remain constructive as well. The MACD continues to trade above its signal line, with the histogram in positive territory, suggesting that the broader uptrend remains intact even as Velo3D shares undergo a near-term pullback after their recent parabolic move.

Traders are now watching whether VELO can hold support near its 20-day moving average following the pullback. On the upside, resistance near $26.50 represents a key level that could cap any near-term rebound attempt in the stock.

Looking ahead, the next major catalyst for Velo3D is expected to be the company's earnings report, scheduled for August 26, 2026, which investors will watch closely for confirmation of whether recent momentum around aerospace partnerships translates into tangible business developments.

For now, the combination of a strong long-term trend structure and a near-term pullback leaves Velo3D in a consolidation phase, with traders balancing profit-taking against the broader bullish technical picture that has defined the stock's recent trajectory.