CoreWeave Stock Surges 6.7% Extending 4-Day Rally to 12.2%

CoreWeave (CRWV) concluded the most recent session with a notable 6.70% gain, marking its fourth consecutive day of advances and a cumulative 12.19% rally over this period. The stock closed at $133.23 after trading between $119.50 and $136.48, reflecting heightened bullish momentum.
Candlestick Theory
Recent sessions exhibit a bullish bias with consecutive higher closes, highlighting $136.48 as immediate resistance. Key support emerges near $119.50, reinforced by the 09/17 low of $114.57 and the 09/12 swing low of $104.07. A decisive close above $136.48 may target August’s $148.75 peak, while failure to hold $119.50 could prompt a retest of the 50-day moving average near $110.
Moving Average Theory
The 50-day MA ($110) and 100-day MA ($105) slope upward, with the 50-day crossing above the 100-day in early September—a golden cross signaling bullish momentum. The 200-day MA ($120), however, acts as dynamic resistance. The current price trading above all three MAs confirms a strengthening short-to-medium-term uptrend, though consolidation near the 200-day MA is plausible.
MACD & KDJ Indicators
MACD (12,26,9) shows a bullish crossover above the signal line, accelerating into positive territory. KDJ’s K and D lines remain elevated (K: 85, D: 80), suggesting overbought conditions. While MACD supports continuation of the uptrend, KDJ’s persistent overbought stance warrants caution for a short-term pullback or consolidation.
Bollinger Bands
Price breaches the upper band ($130), signaling overextension. Bollinger bandwidth has expanded 35% since early September, indicating rising volatility. A reversion toward the 20-day MA midpoint ($125) could follow, though sustained trading above the upper band underscores underlying strength.
Volume-Price Relationship
Volume surged 41% during the initial breakout on 09/10 (70.1M shares), validating the rally’s legitimacy. Recent sessions show moderate volume (40.2M shares), declining as prices extended gains—divergence that questions sustainability. A close above $136.48 with volume expansion would reinforce bullish conviction.
Relative Strength Index (RSI)
The 14-day RSI reads 73, entering overbought territory. While this warns of potential exhaustion, the RSI can remain elevated in strong trends. Traders should monitor for bearish divergence (e.g., higher prices with lower RSI peaks) to gauge reversal risks.
Fibonacci Retracement
Using the June high of $183.98 and August low of $98.81, key retracement levels are $141.40 (50%) and $151.40 (61.8%). The current price holds above the 38.2% level ($131.40), now acting as support. Confluence between $131.40 (Fibonacci) and $130 (Bollinger resistance-turned-support) creates a critical bullish anchor.
Confluence and Divergences
Strong confluence exists near $131.40–$130 (Fibonacci/Bollinger), reinforcing bullish structure. However, divergences appear between overbought oscillators (RSI, KDJ) and price strength—suggesting near-term consolidation. Volume’s failure to confirm recent highs adds caution. Probable outcomes include a pullback to $125–$130 to digest gains before challenging $141.40, provided key supports hold.