Bloom Energy Soars 26.5% on Technical Breakout With 112% Volume Surge

Bloom Energy (BE) surged 26.52% in the most recent session, extending its two-day gain to 26.84% and demonstrating remarkable bullish momentum. This analysis examines the technical landscape through multiple frameworks.
Candlestick Theory
The October 13 session formed a decisive breakout candle with a long real body ($102.34 low to $109.91 close) and minimal upper wick, indicating sustained buying pressure after a gap-up open. This follows a hammer pattern on October 10 ($85.11 low to $86.87 close), which established support near $85. The breakout above the $92-93 resistance (congestion zone from October 6-10) confirms bullish conviction, with new support forming near $102-$103 and resistance at $115.21.
Moving Average Theory
The 50-day MA has maintained an upward trajectory, crossing bullishly above the 100-day MA in mid-September and the 200-day MA in early October. Current price action ($109.91) trades sharply above all three MAs, confirming a long-term uptrend. The ascending 50-day MA near $70 now serves as major dynamic support, while the bullish alignment of shorter averages above longer ones indicates accelerating momentum.
MACD & KDJ Indicators
MACD exhibits a strong bullish crossover, with both the signal line and histogram accelerating upward since early October after a brief consolidation. This aligns with KDJ readings where the K-line (87) and D-line (83) have entered overbought territory after climbing from oversold levels in late September. While deep overbought conditions warn of potential near-term exhaustion, the strong momentum slope suggests pullbacks may be shallow.
Bollinger Bands
A pronounced band expansion occurred on October 13 as volatility surged, with price closing near the upper band. This follows a contraction phase between October 7-10, where price consolidated near the 20-period midline. The expansion signals continuation potential, though historically such breakouts have seen brief mean-reversion pullbacks to the midline near $92-$95.
Volume-Price Relationship
The breakout was validated by a 112% volume surge versus the previous session (28.7M vs 13.5M shares), marking the highest volume day since the late September sell-off. This high-volume confirmation significantly strengthens the breakout's credibility. Notable accumulation patterns include volume spikes during the September 30 and October 1 rallies, while distribution was absent during recent pullbacks.
Relative Strength Index (RSI)
The 14-day RSI has rocketed to approximately 87, deeply in overbought territory. Historically, similar RSI extremes in October 2024 and September 2025 preceded short-term consolidations. However, in strong uptrends such as the current one, RSI can remain elevated for extended periods. This warrants monitoring for bearish divergence on any pullback.
Fibonacci Retracement
Using the August swing low ($36.80 on August 8) and recent high ($115.21), key retracement supports emerge at $97.43 (23.6%), $87.75 (38.2%), and $76.00 (50%). The July-August rally’s 61.8% retracement level near $53 was successfully tested as support in September. Current price holds above all major Fib levels, reinforcing the structural bull trend.
Confluence and Divergences
Notable confluence exists at the $102-$103 zone (October 13 low + 23.6% Fib), which aligns with the psychological $100 support. Bearish divergence only appears in RSI’s overbought warning, while MACD, volume, and moving averages all reinforce bullish momentum. The lack of bearish candlestick reversal patterns at current levels further supports continuation potential after potential consolidation.