Grab Holdings Slumps 4.02% As Technical Indicators Signal Deepening Bearish Trend

Grab Holdings (GRAB) closed at $4.77 on 2025-08-06, down 4.02% on moderate volume of 28.1 million shares. Technical analysis of the one-year price history reveals critical patterns and levels across multiple indicators.
Candlestick Theory
Recent candlestick formations show bearish dominance. The August 6 session printed a long red candle with a high of $4.96 and low of $4.76, closing near the session low, indicating persistent selling pressure. This follows a bearish engulfing pattern on July 31 (high: $5.12, low: $4.80) that accelerated the downtrend. Key support is established at $4.76, which has been tested twice in August. Resistance is firm at $5.00–$5.03, a zone that rejected recovery attempts on August 4–5. A sustained break below $4.76 would expose the June low of $4.49.
Moving Average Theory
GRAB trades below all major moving averages, signaling a bearish trend structure. The 50-day MA (∼$5.10) crossed below the 200-day MA (∼$4.85) in mid-July, triggering a "death cross" that persists. The 100-day MA (∼$5.00) caps recent bounces, while the 50-day MA accelerates downward momentum. The sequence (current price < 50MA < 100MA < 200MA) confirms a well-entrenched downtrend across timeframes.
MACD & KDJ Indicators
The MACD histogram remains negative (-0.18), with both signal line and MACD line submerged in bearish territory. This alignment indicates sustained downward momentum. Meanwhile, the KDJ oscillator shows deeply oversold conditions (K: 12, D: 18, J: 0), with the J-line traversing below 0 for the first time in three months. While this suggests exhaustion, no bullish crossover has materialized. Bearish divergence is noted as price made lower lows in early August while KDJ’s troughs shallowed.
Bollinger Bands
Volatility expanded as Bollinger Band width increased 22% over the past week. Price currently hugs the lower band ($4.65), which has contained losses since mid-June. The contraction-to-expansion shift signals intensified selling pressure. Three lower band touches within a month increase reversal probability, but sustained trading below $4.65 would suggest continuation.
Volume-Price Relationship
Distribution is evident on key down days: July 31’s 80.3M volume selloff (-7.56%) validated the breakdown below $5.00. Recent declines (August 1 and 6) occurred on above-average volume, confirming bearish conviction. Conversely, August 4’s 3.33% rally registered lower volume than the preceding down day, indicating weak buying interest. Volume divergence warns that rebound attempts lack sustainability.
Relative Strength Index (RSI)
The 14-day RSI reads 28.6, entering oversold territory (<30) for the first time since April 2025. Historically, such conditions preceded short-term bounces, including the June rebound from $4.49. However, the indicator’s failure to hold above 40 during July recovery attempts reflects underlying weakness. Traders should treat this as a warning signal rather than a reversal trigger without price confirmation.
Fibonacci Retracement
Applying Fibonacci to the decline from the July 29 peak ($5.43) to the August 6 low ($4.76) shows critical retracement levels: 38.2% ($5.01), 50% ($5.10), and 61.8% ($5.18). The 23.6% level ($5.27) aligns with July 30’s high, making it immediate resistance if recovered. Current price sits at the 78.6% retracement ($4.90), with confluence from the August 5 high creating a pivotal resistance zone at $4.90–$5.00.
Confluence and Divergence
Significant confluence exists at $4.75–$4.80, combining the August 6 low, Fibonacci 78.6% retracement, and lower Bollinger Band. A breakdown here could trigger accelerated selling toward the $4.49–$4.40 support area. Divergence between oversold oscillators (RSI, KDJ) and persistent price deterioration suggests waning downside momentum but requires bullish confirmation. The $5.00–$5.03 resistance cluster must be surpassed to invalidate the immediate bearish structure.