Curtiss-Wright Jumps 3.07% On Bullish Technicals As It Nears Key 565 Resistance

Curtiss-Wright (CW) rose 3.07% in the most recent session, closing at $556.99 after trading between $546.02 and $561.49 on above-average volume of 244,142 shares. This price action follows a volatile two-day sequence where the stock dropped 2.47% to $540.38 on October 7th before rebounding sharply.
Candlestick Theory
The October 8th session formed a bullish engulfing pattern that entirely consumed the prior day's bearish candle, signaling strong buying pressure near the $533–$546 support zone. This coincides with a critical support level established in mid-September when the stock bottomed at $502. Resistance is observed at $561–$565, aligning with the September high of $565. Sustained closes above $565 would confirm a breakout, while failure to hold $533 may trigger profit-taking.
Moving Average Theory
The 50-day MA ($520) maintains an upward slope above the rising 100-day ($500) and 200-day MA ($435), confirming the primary bullish trend. Recent price consolidation occurred near the 50-day MA, which now acts as dynamic support. The moving average stack (50>100>200) exhibits a bullish alignment, though the 50-day’s proximity to current prices warrants monitoring for potential convergence.
MACD & KDJ Indicators
MACD shows a bullish crossover emerging near the zero line, with histogram bars transitioning from negative to positive momentum. KDJ readings (K:68, D:63, J:78) indicate recovering momentum without extreme overbought conditions. This confluence suggests strengthening upside potential. However, watch for MACD divergence if prices advance while histogram bars contract.
Bollinger Bands
Bands have expanded after a late-September contraction period, reflecting renewed volatility. Prices are testing the upper band ($558), which may temporarily cap advances. The midline ($515) coincides with the 50-day MA, reinforcing support. A close above the upper band would signal exceptional strength, while a reversal toward $540 would align with the midline.
Volume-Price Relationship
The October 8th rally occurred on 15% higher volume than the prior session, validating bullish conviction. Notable accumulation occurred during the late-August surge to $565 on the year's highest volume (787,694 shares), establishing that level as major resistance. Recent down days have featured below-average volume, suggesting limited distribution pressure.
Relative Strength Index (RSI)
The 14-day RSI (67) approaches overbought territory but remains below the 70 warning threshold. This reading follows a rebound from neutral levels (45) during the October 7th dip, indicating room for further upside. The absence of bearish divergence (RSI highs align with price highs) supports the current uptrend. Caution is advised if RSI sustains above 70 without corresponding price gains.
Fibonacci Retracement
Applying Fibonacci to the March low ($302) and September high ($565), key retracement levels emerge: 38.2% ($465), 50% ($434), and 61.8% ($402). The September pullback respected the 38.2% level ($465), which now serves as major support. Current prices test the 0% extension level ($565), with the 161.8% extension ($648) acting as the next upside target upon breakout.
Confluence & Divergence
Confluence exists at $533–$546, where the 50-day MA, Bollinger midline, and candlestick support align with the 9/25 low. This zone is fortified by above-average volume accumulation. Divergence is presently absent among momentum oscillators, with MACD, KDJ, and RSI showing synchronized bullish momentum. The primary watchpoint remains price action near $565 resistance, where Bollinger band expansion and RSI proximity to overbought territory may induce short-term consolidation. A decisive close above $565 with sustained volume would validate upside continuation toward $600.