Sportradar Stock Surges 5.07% to $29.33 on Bullish Technical Breakout

Sportradar Group (SRAD) concluded its most recent session with a 5.07% gain, closing at $29.33 on elevated volume, suggesting renewed bullish conviction after a consolidation phase. The following technical analysis synthesizes key indicators:
Candlestick Theory
Recent price action reveals significant signals. The July 30 session formed a robust bullish candle closing near the high ($29.33), decisively breaking above the $28.50-$29 resistance zone that capped rallies on July 24, 25, and 28. This breakout invalidated the prior bearish signals (July 21-22 shooting stars near $30) and establishes $28.50 as immediate support. The successful defense of the $27.75 level on July 29 (forming a hammer) further reinforces this support.
Moving Average Theory
The 50-day moving average (approx. $27.80) slopes upward and provided dynamic support during late July's pullback. The 200-day MA (approx. $22.50) maintains a steadfast ascent, confirming the primary uptrend. Current price trading above all key MAs (50/100/200-day) with the 50-day crossing above the 200-day in Q2 2025 (Golden Cross) signals sustained bullish momentum. The orderly alignment of MAs suggests limited trend disruption risk near-term.
MACD & KDJ Indicators
The MACD histogram has turned positive following a bullish crossover triggered by the July 30 surge, indicating accelerating upside momentum. KDJ exited oversold territory (below 20) in late June, with the %K line (86) and %D line (78) now converging near overbought levels. While this suggests limited near-term upside extension room, the MACD’s strengthening trajectory supports continued upward pressure barring divergence emergence.
Bollinger Bands
Price has vaulted into the upper band ($29.30) after the July 30 breakout, following a multi-week band contraction that reflected declining volatility. This expansion signals resurgent directional energy. Upper band touchpoints often precede consolidation, but the band’s widening trajectory may accommodate further upside if volume persists. The prior narrow bandwidth (late June to mid-July) intensified the significance of the recent breakout.
Volume-Price Relationship
The breakout candle’s volume (1.64M shares) exceeded the 20-day average, validating buyer commitment. Notable accumulation occurred near key supports: volume spikes accompanied rebounds at $27.75 (July 29), $28.00 (July 24), and the June low near $25.40. This volume signature confirms institutional interest at higher lows. The absence of climactic volume on the recent advance suggests unfinished buying interest.
Relative Strength Index (RSI)
The 14-day RSI (approx. 62) recently rebounded from neutral territory (45 on July 29), avoiding oversold conditions despite the pullback. Current levels show room for further upside before overbought (>70) concerns emerge. The RSI’s higher low in late July versus June, while price tested a higher low, forms a positive divergence — a subtle reinforcement of building momentum.
Fibonacci Retracement
Applying Fib levels to the uptrend from the June 20 low ($25.40) to the July 22 high ($29.98): the 61.8% retracement ($27.75) anchored the July 29 reversal, serving as a springboard for the current breakout. The 38.2% level ($28.50) now transitions from resistance to support. The breach of the prior high ($29.98) opens the path toward the 127.2% extension ($32.70), with psychological resistance likely near $30.00-$30.50.
Confluence & Divergence
Significant confluence exists at $28.50-$28.75 (Fibonacci, prior resistance, 50-day MA), establishing critical support. Bullish confirmation arises from the volume-backed breakout, MACD momentum shift, and RSI divergence. Minor divergence exists in KDJ’s overbought signal against MACD’s continued strength, warranting watch for short-term exhaustion but not yet indicating reversal. The integrated evidence suggests a high-probability continuation of the primary uptrend targeting $30.50-$32.70, contingent on sustained volume and holding $28.50 support.