Venture Global Plunges 7.53% as Bearish Momentum Breaks Key Support at 12.9

Venture Global (VG) declined 7.53% in the most recent session (2025-10-07), closing at 12.9 on elevated volume of 8.8 million shares, marking a decisive break below key short-term support levels amid continued bearish momentum.
Candlestick Theory
The recent price action forms a clear bearish pattern sequence. A Doji candle on 2025-10-06 signaled indecision after a minor rebound attempt, immediately followed by a long bearish marubozu (no upper/lower wick) on 2025-10-07 that closed near its low. This confirms rejection at the 13.95 resistance zone. Key support now rests at the 2025-09-19 swing low of 13.15 (broken) and the 12.82 intraday low from the latest session. Resistance consolidates between 13.95–14.00, coinciding with the 10/03-10/06 consolidation range.
Moving Average Theory
All major moving averages exhibit bearish alignment, confirming a strong downtrend. The 50-day MA (currently near 14.80) crossed below the 100-day MA (≈15.30) in late September, while both remain well below the descending 200-day MA (≈16.50). The current price trades 12% below the 50-day MA, reflecting persistent selling pressure. This configuration signals entrenched bearish momentum across all evaluated timeframes.
MACD & KDJ Indicators
The MACD histogram shows accelerating negative momentum, with the signal line maintaining a steep bearish slope since mid-September. KDJ readings are deeply oversold (K-line <20), but failed to trigger meaningful reversals during prior oversold dips. While both oscillators suggest extreme downside exhaustion, they have yet to exhibit bullish divergences that would signal credible reversal potential.
Bollinger Bands
Price volatility expanded significantly during the 7.53% decline, with the bands widening after a brief contraction period. The close near the lower band (≈12.80) signals continuation potential. However, three consecutive closes below the lower band would indicate severely oversold conditions historically followed by tactical rebounds. Band width expansion supports ongoing directional momentum.
Volume-Price Relationship
Distribution patterns dominate, with higher volume consistently accompanying declines. The 49.6M share sell-off on 2025-09-19 established a high-volume resistance node at 13.25. Recent breakdowns (e.g., 2025-10-07’s 8.8M shares) confirm bearish conviction, while recovery attempts show notably lighter volume (e.g., 4.7M shares on 2025-10-06). This volume divergence reinforces the primary downtrend.
Relative Strength Index (RSI)
The 14-day RSI (approximately 28) resides in oversold territory but without bullish divergence. Previous oversold readings in late August and mid-September provided only temporary relief rallies before resuming downtrends. While current levels may induce short-term consolidation, RSI alone doesn’t contradict the broader bearish structure absent confirming reversal signals.
Fibonacci Retracement
Measured from the June high (19.01) to the October low (12.82), key Fibonacci levels offer tactical reference points. The 23.6% retracement (14.28) aligns with the September resistance cluster, while the 38.2% level (15.18) converges with the 50-day MA and the September breakdown point. These closely grouped resistance zones between 14.28–15.18 create a formidable technical barrier for any recovery attempt.
Confluence & Divergence Observations
Notable confluence exists at 14.28–14.30, where Bollinger midline, Fibonacci 23.6%, and previous support/resistance intersect, creating a critical upside hurdle. A bearish divergence is evident in oversold oscillators (RSI/KDJ) failing to generate momentum reversals despite repeated new lows. The only potential reversal signal—oversold KDJ—lacks confirmation from volume patterns or candlestick formations. Short-term consolidation near 12.80–13.15 appears probable given extreme readings, but the technical structure favors continued downside bias absent a decisive close above 14.30.