Expand Energy Stock Surges 3.80% to $109.58 as Technicals Signal Bullish Momentum

Expand Energy Technical Analysis
Expand Energy (EXE) closed at $109.58 in the latest session, rising 3.80% and marking its third consecutive daily gain. Over this period, the stock appreciated 4.16%, reflecting renewed bullish momentum.
Candlestick Theory
The current three-day rally forms a "Three White Soldiers" pattern near the psychological resistance of $110.38. This follows a Hammer candlestick on July 10 (open: $105.2, low: $103.39), signaling rejection of sub-$105 support. Key resistance converges at $110.38-$112.40 (June 30-July 1 highs), while support emerges near $105.57 (July 11 low) and $103.39 (July 9 trough).
Moving Average Theory
The 50-day MA ($108.10) is poised to cross above the 100-day MA ($107.85), suggesting bullish near-term momentum. However, the 200-day MA ($101.60) remains below both, indicating persistent long-term bearish pressure. The July 14 close ($109.58) trades above all three averages, but sustained consolidation above the 50/100-day confluence is critical to validate trend reversal.
MACD & KDJ Indicators
MACD (12,26,9) shows a bullish crossover as the histogram turns positive for the first time since June 24. KDJ registers K-line (74) and D-line (68) ascending above the 50 midline, though not yet overbought. Both oscillators align in signaling strengthening upside momentum, though divergence persists versus April’s peak (RSI 78 vs current 65) highlighting unconfirmed trend strength.
Bollinger Bands
Price rebounded from the lower band ($103.39 on July 9) to pierce the middle band ($108.30) on July 14. Band width contracted 18% over the prior week, indicating compression preceding the breakout. Closure above the upper band ($111.60) would confirm volatility expansion and bullish continuation.
Volume-Price Relationship
The rally’s credibility is reinforced by rising volume: Recent sessions saw volumes increase from 2.64M shares on July 10 to 4.29M on July 14. This represents a 62% volume surge versus the 10-day average, validating buyer conviction. Volume divergence occurred during the June 24 peak (122.53 close on 4.04M shares) compared to July 14’s higher volume, suggesting less overhead resistance.
Relative Strength Index (RSI)
RSI(14) currently stands at 65, advancing from oversold territory (28 on July 9) but not yet overbought. While crossing above 50 reflects improving momentum, the absence of >70 readings suggests room for further upside. Caution is warranted given false signals in April when RSI exceeded 70 during a downtrend.
Fibonacci Retracement
From the April 9 peak ($103.80) to July 9 trough ($103.39), the 61.8% retracement level aligns at $108.50. The July 14 close ($109.58) exceeds this threshold, hinting at potential extension toward the 78.6% level ($110.80). A decisive break above $110.80 would open the path to retest June highs ($123.29).
Confluence & Divergence
Confluence exists between Bollinger Band compression, MACD crossover, and volume-supported price surge, collectively supporting near-term bullish bias. Key divergence lies in RSI (65) not yet confirming the June peak’s strength (RSI 78), while the 200-day MA’s downtrend contradicts shorter-term MA alignment. Resolution above $110.38 resistance would strengthen reversal probability; failure maintains range-bound pressure.