CoreWeave Rises 5.19% Amid Technical Rebound After Three-Day Slump

CoreWeave (CRWV) rose 5.19% in the most recent trading session, closing at $132.375 after reaching a high of $135.67 and low of $129.99, accompanied by moderate trading volume of 11.39 million shares. This advance follows a volatile period including three consecutive down days earlier in the week.
Candlestick Theory
The latest session formed a bullish closing white candle after a $125.84 hammer on July 11, suggesting potential exhaustion of the prior downtrend. Key resistance emerges near $138-$140, aligning with the July 10 high and multiple upper wicks near $135-136. Support consolidates around $126-$129, validated by July’s swing low rejections. The current bounce lacks confirmation as no major reversal patterns have fully formed.
Moving Average Theory
The 50-day moving average ($143.80) crossed below the 100-day MA ($149.20) in early July, confirming a bearish medium-term trend. Current price trades substantially below all major MAs, with the 200-day MA ($118.50) providing dynamic support. Sustained trading below $138.29 (previous weekly close) reinforces bearish momentum, though the 20-day EMA ($141) could offer near-term resistance.
MACD & KDJ Indicators
MACD (12,26,9) shows a tentative bullish crossover below the zero line following a positive divergence as price hit new lows on July 11 while MACD leveled. KDJ lines exited oversold territory on July 14 (K=42, D=38, J=50) but lack decisive upward separation. Neither oscillator has triggered strong reversal signals, though improving momentum is evident.
Bollinger Bands
Bands contracted sharply during the July 8-10 selloff, signalling compressed volatility. The subsequent bounce is testing the middle band ($134), which now serves as immediate resistance. Failure to reclaim this level could renew downside pressure. Band expansion potential remains elevated given the recent squeeze.
Volume-Price Relationship
Recent distribution days (July 10-11) saw above-average volume during declines, confirming bearish momentum. The July 14 advance occurred on 27% lower volume than the preceding down days, raising sustainability concerns. Volume divergence suggests cautious institutional participation in the rebound attempt.
Relative Strength Index (RSI)
The 14-day RSI (37.4) rebounded from deeply oversold territory near 20 but remains below neutral (50). While recovering from extremes, the current reading lacks directional conviction. Notably, momentum divergence appeared in mid-July as RSI formed higher lows against lower price lows, potentially foreshadowing stabilization.
Fibonacci Retracement
Applying Fibonacci to the March-April low ($35.42) and June peak ($183.58) shows critical retracement levels. Recent price action rebounded precisely at the 38.2% retracement ($124.80), reinforcing its technical significance. Near-term resistance aligns with the 23.6% level ($138.20), while the 50% level ($109.50) forms major support.
Confluence & Divergence Observations
Confluence exists between Fibonacci 38.2% support, the 200-day MA, and volume-profile support near $125-$129. This zone triggered a technical bounce validated by RSI and MACD divergences. However, the recovery lacks volume conviction and faces resistance confluence at $135-$138 (Bollinger midline, Fibonacci 23.6%, prior swing high). Key divergence appears between price recovery and lagging volume participation.
In conclusion, CoreWeave shows technical stabilization after a significant correction but requires confirmation through decisive volume-backed closes above $138.20 to signal sustainable recovery. Until the 50/100-day MA bearish cross resolves, the intermediate trend favors consolidation with defined support at $125 and resistance at $140.