Venture Global Jumps 7.32% Amid Bullish Technical Reversal Signals

Venture Global (VG) concluded the latest session with a notable 7.32% advance, closing at 14.22 amid elevated trading volume of 10.24 million shares. This upward surge warrants technical scrutiny within the context of its volatile year-long trajectory, which includes a peak near 25.50 in January 2025 and a trough at 7.00 in April 2025.
Candlestick Theory
The September 22 session formed a robust bullish engulfing pattern, completely overshadowing the prior day’s bearish candle. This reversal signal emerged near critical support at 13.15–13.22, tested repeatedly in September. Resistance is firm at 14.25–14.30, a level that capped advances on September 17–18. A decisive close above 14.30 could trigger momentum toward 15.00, while failure to hold 13.15 risks revisiting August’s 12.49 low.
Moving Average Theory
VG’s price remains below all key moving averages, signaling persistent bearish pressure. The 50-day MA (currently ~14.50) hovers above the 100-day (~15.00) and 200-day (~15.50), confirming a medium-term downtrend. The September 22 rally pushed the price temporarily above the 50-day MA—a development requiring confirmation in subsequent sessions to suggest trend alleviation. The descending 200-day MA continues to govern the overarching bearish structure.
MACD & KDJ Indicators
The MACD histogram has transitioned to positive territory, reflecting building bullish momentum after a September 19 trough. Concurrently, the KDJ oscillator exited oversold conditions (below 30) this week, with the %K line sharply crossing above %D. While these indicate improving momentum, the rapid ascent leaves VG vulnerable to overbought signals if gains persist without consolidation. Divergence is absent, as both oscillators align with the recent price rebound.
Bollinger Bands
September’s band contraction signaled declining volatility before the sharp 7.32% breakout, which propelled the price above the upper Bollinger Band (~14.00). Such breakouts often precede short-term pullbacks, with the 20-day moving average (centered near 13.50) now acting as dynamic support. Traders should monitor whether this expansion evolves into a sustainable trend or contracts amid profit-taking.
Volume-Price Relationship
The 7.32% surge coincided with volume doubling the previous session’s tally—a sign of accumulation validating bullish intent. However, this volume remains below the August 13 spike (14.3 million shares) during VG’s 11.99% rally, warranting vigilance for follow-through volume. Bearish distribution was evident in mid-September’s high-volume declines, making the latest volume surge a critical pivot confirmation.
Relative Strength Index (RSI)
The 14-day RSI has rebounded from oversold territory (sub-30 in early September) to approximately 58, hovering near neutral. While this alleviates immediate downside risks, the swift ascent cautions against overextension. An RSI reading surpassing 70 would signal overbought conditions, potentially triggering short-term reversals—a scenario investors should monitor alongside price consolidation signals.
Fibonacci Retracement
Applying Fibonacci levels to the July 30–August 15 decline (16.08 to 12.49), key retracement zones emerge: 38.2% (13.82), 50% (14.28), and 61.8% (14.78). The September 22 close at 14.22 breaches the 50% retracement, positioning 14.78 as the next upside target. This level converges with the July swing low (14.77), amplifying its technical significance. The 38.2% retracement now offers preliminary support.
Confluence and Divergence Observations
Confluence supports near-term bullish momentum: The candlestick reversal pattern aligns with MACD/KDJ improvement, volume confirmation, and Fibonacci breakout. Divergence is minimal, though RSI’s neutral stance and Bollinger Band overextension introduce caution against unrestrained optimism. The most compelling technical alignment would materialize if VG sustains above 14.30 (resistance) with RSI holding below 70, potentially enabling a challenge of the 61.8% Fibonacci level at 14.78. Failure below 13.15 would reactivate the dominant bearish trend.