Agilent Technologies Surges 5.28% on Bullish Momentum, Golden Cross Drives 5.63% Gains in Two Days

Agilent Technologies (A) has surged 5.28% in the most recent session, marking two consecutive days of gains totaling 5.63%. The price action suggests a potential short-term bullish momentum, with key support levels identifiable around the 2025-08-26 low of $118.10 and resistance near the 2025-08-28 high of $125.42. Recent candlestick patterns, including a strong bullish engulfing formation on 2025-08-28, indicate aggressive buying pressure, particularly if volume remains elevated.

Candlestick Theory

The recent price surge aligns with a bullish reversal pattern, as the stock closed near its session highs on both days, forming a "twin bottoms" structure. Key support levels are reinforced by the 2025-08-26 low ($118.10) and the 2025-08-25 low ($118.48), while resistance is concentrated at the 2025-08-28 high ($125.42) and the 2025-08-27 high ($119.20). A breakdown below $118.10 could trigger a retest of the 2025-08-14 low ($118.15), while a breakout above $125.42 may target the 2025-07-10 high ($126.44).

Moving Average Theory

Short-term momentum is supported by the 50-day MA (calculated as ~$119.50) crossing above the 100-day MA (~$118.20), forming a golden cross. The 200-day MA (~$121.00) acts as a critical psychological level; the current price ($124.96) suggests a strong uptrend, with the 50-day MA potentially serving as a dynamic support. Divergence between the 50-day and 200-day MAs may indicate a narrowing trend, but the price remains firmly above all three, favoring bullish bias.

MACD & KDJ Indicators

The MACD histogram has turned positive, with the line crossing above the signal line, signaling strengthening momentum. The KDJ Stochastic oscillator shows K (~85) and D (~80) converging, suggesting overbought conditions but not yet extreme. A divergence between the KDJ and price action—such as a higher high in price with a lower high in K—could foreshadow a near-term pullback. However, the current alignment of MACD and KDJ supports continuation of the uptrend.

Bollinger Bands

Volatility has expanded recently, with the price testing the upper band on 2025-08-28. The bands are currently wide (~$118.20 to $125.42), indicating heightened volatility. A close above the upper band may signal overbought conditions, while a drop below the lower band could trigger a retracement. The midline (~$121.80) aligns with the 200-day MA, offering a potential confluence of support.

Volume-Price Relationship

Volume has surged on the recent up move, with the 2025-08-28 session seeing 3.89 million shares traded—well above the 1.7 million average. This validates the strength of the rally, as rising volume typically confirms price sustainability. However, a decline in volume during subsequent sessions may indicate waning momentum, even if the price remains bullish.

Relative Strength Index (RSI)

The 14-day RSI is currently at ~68, approaching overbought territory but not yet exceeding 70. This suggests strong upward momentum but not extreme overbought conditions. A break above 70 would warrant caution, while a drop below 50 could signal a corrective phase. The RSI aligns with the MACD and KDJ, reinforcing the likelihood of a continuation.

Fibonacci Retracement

Key Fibonacci levels derived from the 2025-04-09 low ($96.81) to the 2025-02-27 high ($131.32) include 38.2% (~$121.50) and 61.8% (~$117.80). The current price ($124.96) is above the 38.2% level, suggesting a potential retest of the 61.8% level as a support zone. A breakdown below $117.80 could target the 78.6% level (~$114.50).

Backtest Hypothesis

A potential backtest strategy could involve entering long positions when the 50-day MA crosses above the 200-day MA (golden cross) and RSI falls below 30, with exits triggered by a MACD bearish crossover or a 10% trailing stop. Historical data from 2025-07-10 to 2025-08-28 suggests this strategy would have captured the recent up move, though it may have been whipsawed during the 2025-08-05 to 2025-08-07 consolidation.