CoreWeave Stock Surges 6.21% as Technical Indicators Signal Potential Reversal

CoreWeave (CRWV) has demonstrated significant volatility, highlighted by its recent 6.21% gain on July 15, 2025, which extended a two-day rally totaling 11.72%. This follows a sharp correction from June highs, placing the stock in a technically nuanced position across multiple indicators.
Candlestick Theory
The formation of two consecutive bullish candles after the July 11 hammer pattern (low: $125.67) signals potential reversal momentum. Key resistance is evident at $146.75 (July 15 high), which aligns with the psychologically significant $150 level. Support converges near $125.50–$129.50, anchored by the July 11 low and the gap-fill zone from July 14. The recovery from $125.67 after the 18% peak-to-trough decline since June 23 suggests seller exhaustion.
Moving Average Theory
The 20-day EMA ($138.20) recently crossed below the 50-day EMA ($145.60), reflecting short-term bearish momentum. However, the price has reclaimed the 20-day EMA in the latest session, potentially signaling trend stabilization. The 100-day EMA ($116.40) and 200-day EMA ($92.70) remain ascending, indicating the broader uptrend from April lows ($33.52) remains intact. A golden cross between 20-day and 50-day EMAs would provide stronger bullish confirmation.
MACD & KDJ Indicators
MACD (-1.8 divergence) is showing early signs of bullish convergence as the histogram contracts near the zero line. KDJ's %K (58) crossing above %D (42) after exiting oversold territory reinforces momentum recovery. However, both oscillators remain below their midpoints, warranting caution against premature trend reversal confirmation. A decisive MACD crossover above the signal line would strengthen the reversal thesis.
Bollinger Bands
Volatility expanded dramatically during the June rally and July sell-off, with bandwidth peaking at 160% of its 20-day average. The July 15 close near the upper band ($148.40) suggests bullish pressure, while the mid-band ($137.80) now acts as support. Band contraction from July 10–14 indicated consolidation, with the subsequent upside breakout validating accumulation at lower levels.
Volume-Price Relationship
The two-day rally saw volume increase 28% versus the prior two sessions, confirming buyer conviction. Notable distribution occurred on June 11, 23, and July 10–11 (volumes >20M shares), while accumulation signatures appeared during dips below $125 in July. The volume-weighted average price (VWAP) from July 1–15 at $135.60 now serves as a polarity level.
Relative Strength Index (RSI)
The 14-day RSI (48) has rebounded from oversold (31 on July 11) but remains neutral, eliminating immediate overbought risks. Bullish divergence is apparent with price lows in July being unconfirmed by lower RSI readings. Sustained trade above $145 may push RSI toward overbought territory (>70), historically preceding pullbacks during this stock’s trend cycles.
Fibonacci Retracement
Applying Fib levels to the April 21 low ($33.52) and June 23 high ($183.53): 38.2% retracement at $121.30 and 50% at $108.50 were defended during the July sell-off. The 23.6% level ($138.50) now provides immediate support after being reclaimed. Confluence exists near $146–$149 (July 15 high + 61.8% projection of the July rally), creating a critical resistance zone for trend continuation.
Confluence points emerge at $138–$140, where Fibonacci support, VWAP, and the 20-day EMA converge, suggesting a robust demand zone. Bearish divergence persists between price structure and volume profiles – the June top formed on lower volume than the April rally. This necessitates monitoring for follow-through volume above $146 to validate recovery momentum. Probable resistance exists at $160 (June breakdown point), while sustained trade below $135 would invalidate the reversal pattern.