Venture Global Shares Plunge 15.16% in Six-Day Bearish Streak Amid Technical Breakdown

Venture Global (VG) shares declined 4.59% in the most recent session, marking the sixth consecutive day of losses and bringing the cumulative decline to 15.16% during this period. This persistent selling pressure establishes a clear bearish short-term trajectory, with the stock closing at $15.17 amid broad-based technical deterioration.
Candlestick Theory
Recent candlesticks exhibit a definitive bearish pattern dominated by long red bodies. The stock formed six consecutive down candles, culminating in a $15.17 close near the session low of $15.06, highlighting consistent selling momentum. Resistance solidifies near $16.98 (July 18 high) and $17.88 (July 11 peak), while critical support emerges at $14.11–$14.28 (June lows). The absence of reversal patterns like hammers or engulfing formations suggests continued bearish control.
Moving Average Theory
The 50-day SMA ($15.95) has crossed below the 100-day SMA ($16.23), forming a bearish "death cross" configuration. Both moving averages slope downward, confirming the intermediate-term downtrend. The current price trades substantially below these averages, with the 50-day acting as immediate resistance. This alignment indicates sustained bearish momentum, with no indication of trend reversal.
MACD & KDJ Indicators
The MACD histogram remains in negative territory (-0.45), with both signal and MACD lines below zero, reflecting entrenched bearish momentum. Simultaneously, the KDJ oscillator shows deeply oversold conditions (K: 12.3, D: 18.7, J: -0.5), though no bullish crossover has materialized. Despite KDJ's oversold reading, the MACD's bearish divergence suggests downward momentum may persist without immediate reversal signals.
Bollinger Bands
Bollinger Bands expanded sharply during the selloff, with volatility spiking to 15-week highs. Price breached the lower band ($14.42) intraday before closing just above it, signaling oversold extremes but failing to trigger a rebound. The persistent lower-band proximity alongside expanding bandwidth suggests acceleration of bearish momentum. The 20-day SMA at $16.12 now acts as dynamic resistance.
Volume-Price Relationship
Volume patterns confirm bearish conviction, with the six-day decline featuring three sessions exceeding 4.3 million shares—notably higher than the prior month's average. Downside volume consistently outpaced upside volume, culminating in a high-volume breakdown below $15.50. This distribution pattern validates the sustainability of the downtrend without capitulation signals.
Relative Strength Index (RSI)
The 14-day RSI at 28.3 has entered oversold territory (<30), reaching its lowest level since early June. While this indicates excessive selling pressure, the absence of positive divergence suggests limited reversal potential in the immediate term. Historical parallels show VG can sustain oversold RSI readings for extended periods during strong downtrends.
Fibonacci Retracement
Applying Fibonacci to the rally from the June low of $14.11 to the June 20 peak of $19.01 reveals critical thresholds. The price has breached the 50% retracement level at $16.56 decisively, with the 61.8% retracement at $14.41 aligning with the March–June support zone. This convergence near $14.40 makes it a high-probability technical target should the downtrend extend.
Confluence and Divergence
Technical confluence solidifies around the $14.40–$14.50 region, where the lower Bollinger Band ($14.42), 61.8% Fibonacci level ($14.41), and multi-month horizontal support converge. However, a critical divergence exists between oversold oscillators (RSI and KDJ) and the unbroken bearish momentum shown by MACD and moving averages—this dichotomy reflects inherent weakness but may precede short-term stabilization. Probabilistically, the balance of evidence suggests continuation of the downtrend toward the $14.40 support, though oversold conditions warrant monitoring for potential consolidation near current levels.