GE Vernova Stock Rebounds 6.2% to 600.23 With Bullish Technical Signals Emerging

Candlestick Theory
GE Vernova's recent price action shows a notable recovery pattern. On September 8, 2025, the stock formed a bullish candle closing at 600.23 after testing support near 585 earlier in the week. This follows a bearish engulfing pattern on September 2, where a high-volume decline breached the 585–595 support zone. Key resistance is now established at 606–615 (September 5–8 highs), while support holds at 565–575, validated by repeated bounces in early September. The September 8 close above 600 suggests near-term bullish momentum, though rejection near 606 warrants monitoring.
Moving Average Theory
The 50-day moving average (597.81) and 200-day MA (465.32) indicate a persistent long-term uptrend, while the 100-day MA (551.43) acts as dynamic support. The current price (600.23) trading above all three MAs confirms bullish alignment. However, the 50-day MA has flattened after the sharp August decline from 666 to 565, signaling consolidation. Confluence near 575–580 (where the 50-day MA and September swing lows intersect) provides strong technical support. A sustained break above the 615 resistance could reignite the upward trend.
MACD & KDJ Indicators
MACD shows a bullish crossover emerging, with the histogram turning positive on September 8 as the signal line converges near the zero axis. This aligns with KDJ readings, where the %K (74) crossed above the %D (68) from oversold territory (<30) on September 4. Both indicators suggest building upward momentum. No divergence is observed currently, though KDJ’s approach toward overbought territory (K-value 74 near the 80 threshold) may signal near-term exhaustion if the price stalls at resistance.
Bollinger Bands
Bollinger Bands (20-day) contracted sharply in early September, reflecting reduced volatility after the August sell-off. The September 8 close near the upper band (607) indicates bullish pressure, though rejection at this level triggered minor pullbacks. Band expansion during the September 5 decline signaled renewed selling momentum, which was quickly absorbed. The current setup suggests a breakout attempt, with a close above 610 needed to confirm a new bullish phase.
Volume-Price Relationship
The September 2 decline occurred on the highest volume (5.27M shares) in the dataset, validating the breakdown below 585. Conversely, the September 4 and 8 rallies saw volume surges (3.2M and 2.5M shares), confirming buyer commitment at support. Volume divergence was evident during the failed rebound on September 5 (3.48M shares vs. prior sessions), underscoring resistance near 605. Current volume trends support bullish continuation above 600.
Relative Strength Index (RSI)
RSI(14) rebounded from oversold (28.6) on September 2 to 58.3 on September 8, reflecting improving momentum without reaching overbought. This neutral-midrange positioning allows room for further upside. The RSI’s higher low on September 4 vs. the price’s lower low revealed bullish divergence, foreshadowing the recent recovery. However, RSI’s historical tendency to peak below 70 during this consolidation phase warrants caution at resistance levels.
Fibonacci Retracement
Applying Fibonacci to the swing low of 565.43 (September 3) and the July peak of 666.15 yields key levels: the 38.2% retracement at 609.75 and the 50% level at 615.80. The September 8 close near the 38.2% level aligns with the 606 resistance. Repeated tests of this zone suggest it is a critical barrier. A decisive break above 615.80 (50% retracement) would target the 61.8% level (621.85), while failure here may retest the 23.6% support (592.50).
Concluding Synthesis
Multiple technical perspectives align on GE Vernova’s constructive setup. The bounce from 565 support coincides with bullish MACD/KDJ crossovers, rising RSI, volume-backed rallies, and a price position above key moving averages. This confluence suggests the uptrend may continue, targeting 610–615 resistance. However, repeated rejections near 606, elevated KDJ readings, and Fibonacci resistance at 609.75 imply near-term consolidation is likely. A break above 615 would signal trend resumption, while failure to hold 580 support invalidates the recovery thesis.