BEKE Extends Slide With 8.01% Four-Day Drop As Technicals Signal Persistent Selling Pressure

Recent Performance and Initial Assessment
BEKE has experienced a 3.15% decline, closing at 18.73, marking its fourth consecutive down day with a cumulative 8.01% loss. This bearish momentum suggests persistent selling pressure, warranting technical scrutiny across multiple indicators to identify potential inflection points and trend dynamics.
Candlestick Theory
Recent price action reveals a bearish sequence for BEKE, characterized by four consecutive lower closes, each forming red candles with extended lower wicks (particularly notable on 2025-09-22 and 2025-09-19). This indicates consistent intraday recovery attempts but ultimately a failure to hold gains, reflecting seller dominance. Key resistance now sits at 19.74–19.78 (recent minor highs), while critical support emerges at 18.44–18.46, aligning with the August 2025 consolidation base. A breakdown below this zone may accelerate declines toward 17.80–18.00.
Moving Average Theory
BEKE's 50-day MA (currently ≈19.10) crossed below the 100-day MA (≈19.45) in late August, signaling a bearish trend shift. The price now trades below all key MAs, including the 200-day MA (≈19.30), confirming a sustained downtrend. The expanding gap between the 50-day and longer-term MAs suggests strengthening downward momentum. A sustained close above the 50-day MA would be necessary to neutralize this bias.
MACD & KDJ Indicators
MACD (12,26,9) remains entrenched in negative territory, with the histogram showing widening bearish momentum as the signal line divergence increases. KDJ readings are oversold (K=15.3, D=22.1, J=1.7), but both indicators lack bullish convergence—KDJ’s persistent sub-30 stance since mid-September signals relentless downside pressure. While oversold, the absence of bullish crossovers in either oscillator warns against premature reversal assumptions.
Bollinger Bands
BEKE trades near the lower Bollinger Band (18.70), with the bands widening sharply (+30% volatility expansion from early September). This reflects accelerating bearish momentum following a prolonged squeeze phase. Historically, such volatility expansions in BEKE lead to short-term bounces, but the lower band acting as resistance rather than support suggests limited upside potential. A sustained breach below 18.70 could trigger further downside targeting 18.00.
Volume-Price Relationship
Down days consistently show elevated volume (e.g., 5.39M shares on 2025-09-19 vs. 4.07M on 2025-09-23), affirming distribution. However, the most recent decline saw reduced volume, suggesting selling exhaustion may be developing. Conversely, up days since August lack significant volume confirmation, invalidating rally attempts. A bullish reversal would require a volume spike exceeding 6M shares on a strong up day.
Relative Strength Index (RSI)
BEKE's 14-day RSI at 28.6 resides in oversold territory, below the 30 threshold. Historically, such levels preceded rallies (e.g., April and July 2025 bounces). However, repeated oversold dips in September without recovery reflect unusual weakness. Divergence remains absent, though a bullish RSI reversal above 35 could signal temporary relief. Given RSI’s lagging nature in strong trends, confirmation from volume or candlestick patterns is critical.
Fibonacci Retracement
Applying Fibonacci to BEKE’s recent swing high of 20.98 (2025-09-17) and low of 18.73 (2025-09-23), key retracement levels are 19.48 (38.2%), 19.86 (61.8%), and 20.25 (78.6%). The 38.2% level (19.48) aligns with the 100-day MA and the September 2025 resistance cluster, making it a high-probability reversal zone. Failure to breach 19.48 would validate bearish continuity, while surpassing 19.86 could signal trend recovery.
Confluence and Divergence Summary
Confluence of resistance at 19.48–19.78 (Fibonacci 38.2%, 100-day MA, recent highs) presents a critical technical barrier for BEKE. The sustained oversold KDJ and RSI readings without bullish divergence or reversal candles suggest vulnerability to further downside unless supported by volume-backed upside momentum. A decisive break below 18.70 could trigger stops, opening a path to 18.00. Reversals require a sustained close above 19.48 with volume >6M shares.