Joby Stock Shows Death Cross — But Pentagon Hypersonic Deal Changes Narrative

Core Viewpoint - Joby Aviation Inc's stock has entered a confirmed long-term downtrend, indicated by a Death Cross, despite new Pentagon funding integrating the company into the U.S. hypersonic technology ecosystem [1]. Stock Performance - JOBY stock is currently trading at approximately $9.99, down about 30% year-to-date and roughly 52% below its 52-week high of $20.95 [1]. - The stock has declined more than 32% over the past month, reflecting sustained selling pressure [3]. Technical Indicators - The company's 50-day moving average has fallen to $13.28, below the 200-day moving average of $13.42, confirming a Death Cross [2]. - Joby is trading approximately 25% below its 50-day moving average and about 26% below its 200-day moving average [3]. - The Relative Strength Index (RSI) is near 33, indicating reduced buying activity and persistent downward momentum [4]. Trading Volume - Trading volume has averaged about 4.0 million shares in recent sessions, indicating continued investor repositioning [4]. Strategic Partnerships - Joby has partnered with L3Harris Technologies Inc to explore defense applications for its autonomous aircraft platform, expanding its potential role beyond commercial air mobility [5]. Manufacturing Expansion - Joby has agreed to acquire a manufacturing facility in Dayton, Ohio, covering over 700,000 square feet, aimed at increasing production capacity to four aircraft per month starting in 2027 [6]. - Despite the manufacturing expansion, the stock remains well below its 200-day moving average, a key long-term trend level [6].