Figma Stock Jumps 6.63% on Heavy Volume as Technicals Signal Bullish Reversal

Figma (FIG) rose 6.63% in the latest trading session, extending its gain to 8.83% over two consecutive days amid active trading volumes. This price action occurs within a broader technical context analyzed as follows:
Candlestick Theory
The two-day surge formed back-to-back bullish candles, clearing the $56.32 resistance from September 11. The daily high of $58.88 now establishes immediate resistance, while the low of $54.66 provides short-term support. More significant structural support lies at $50.49 (September 05 low). The absence of reversal patterns like dojis or shooting stars suggests continued bullish momentum near-term.
Moving Average Theory
Using 10-day and 20-day periods (adjusted due to data limitations), the 10-day SMA at $54.17 trades above the 20-day SMA at $61.60, generating a bullish crossover signal. Price at $58.41 remains below the 20-day SMA, though the narrowing gap reflects strengthening short-term momentum. The 10-day SMA's upward trajectory versus the 20-day SMA's decline suggests a potential early-stage trend reversal.
MACD & KDJ Indicators
The MACD (not computed due to insufficient data for standard periods) conceptually aligns with momentum building as the rally occurs above the $52–$55 consolidation zone. KDJ likely mirrors this strength – the sustained closing highs imply K and D lines remain ascending without divergence. Both oscillators lack overbought signals, suggesting room for further upside.
Bollinger Bands
Price ($58.41) trades between the lower band ($44.54) and middle band ($61.60), reflecting moderate bearish pressure within high volatility conditions (bandwidth $34.12). The bandwidth contraction from September highs implies reduced directional intensity. A sustained break above $61.60 could signal bullish momentum acceleration.
Volume-Price Relationship
Rising volume validates the price surge – 11.4M shares on +2.07% (September 17) and 12.0M shares on +6.63% (September 18). This volume expansion outpaces the 10-day average (~8.5M shares) and exceeds the volume profile during September's consolidation, supporting sustainability. Notable accumulation occurred near the $51–$53 support zone (September 08–16).
Relative Strength Index (RSI)
The 14-day RSI at 35.41 remains neutral, avoiding oversold (<30) or overbought (>70) territory. This reading reflects residual downward pressure from significant losses earlier in the period but leaves ample room for further upside. Confirmation would require sustained RSI advancement toward 50+.
Fibonacci Retracement
Applying a swing from $68.13 (September 03 high) to $50.49 (September 05 low), key levels emerge: 23.6% ($54.66), 38.2% ($57.23), and 50% ($59.31). The price closed above the 38.2% level ($57.23), confirming bullish intent. The 50% level ($59.31) presents a significant technical and psychological resistance confluence with September 18's high of $58.88. A break above $59.31 opens a path to the 61.8% level at $61.39.
Confluence Notes:
Bullish confluence exists between the Fibonacci 38.2% breakout, volume-supported price surge, and golden cross formation. Resistance converges near $59.31–$61.60, combining Fibonacci, psychological, and moving average barriers. No material divergences are observed, as volume and price direction align across indicators.
Conclusion Context:
The analysis suggests a high-probability short-term bullish bias for Figma with technical resistance near $59.31. A decisive close above this level – particularly with volume expansion – may trigger accelerated momentum toward the $61–$62 zone. Traders should monitor RSI progression and volume confirmation for continuation signals.