Figma Rebounds 4.08% to $79.42 as Technicals Signal Potential Reversal

Comprehensive Technical Analysis of Figma (FIG)
Figma (FIG) closed at $79.42, gaining 4.08% in the latest session, rebounding from a key support level after recent volatility. The analysis below applies standardized technical frameworks to the limited dataset (12 trading days), with parameter adjustments to align with available data.
Candlestick Theory
Recent price action reveals critical support near $76, tested twice (August 14 and August 15) with successful bounces, confirming robust demand at this level. The August 15 candle (high: $81, low: $76.56, close: $79.42) formed a bullish hammer pattern after two consecutive down days, suggesting potential reversal momentum. Resistance is observed near $82.94–$91, validated by multiple failed breakouts between August 11–13. The $76–$82.94 range now defines the immediate trading zone, with a breakout above $82.94 needed to signal sustained recovery.
Moving Average Theory
Using adjusted periods (5-day and 10-day SMAs due to data constraints), the 5-day SMA (81.5) and 10-day SMA (82.29) both trend downward, with the current price ($79.42) trading below both. This configuration indicates bearish near-term momentum. The sustained negative slope of these averages since August 6 reinforces intermediate-term weakness. A bullish reversal would require Figma to reclaim the 5-day SMA and close above the 10-day SMA.
MACD & KDJ Indicators
MACD (5/10/3 adjusted) shows a bearish crossover, with the MACD line below the signal line, reflecting ongoing downward pressure. However, KDJ metrics for August 15 (%K: 19.0) signal deep oversold conditions within the stochastic oscillator (based on a 9-day window: high $94, low $76). This divergence—where KDJ suggests oversold exhaustion despite MACD’s bearish bias—may foreshadow a near-term bounce.
Bollinger Bands
Bollinger Bands (10-day period, 2σ) place the current price ($79.42) below the middle band (SMA 10 at $82.29), with upper/lower bands at $91.63 and $72.94. The narrowing bandwidth (from August 7 onward) indicates diminishing volatility, often precursor to directional breakout. Price proximity to the lower band combined with recent support tests at $76 suggests downside is constrained, supporting a potential rebound toward the middle band.
Volume-Price Relationship
Volume declined significantly during the August 15 rebound (4.66M shares vs. 8.13M on August 14), weakening bullish conviction. Earlier sell-offs (e.g., August 7 and August 14) occurred on elevated volume, signaling distribution. Sustained recovery requires volume expansion above the 10-day average (9.98M) to validate upward breaks. Current volume patterns suggest cautious optimism but lack confirmation.
Relative Strength Index (RSI)
The 10-day RSI reads 41.86, placed neutrally but with an upward inflection from oversold territory (sub-30 earlier in the week). While not yet oversold (<30), momentum divergence is emerging: price set a lower low on August 14 ($76) while RSI concurrently rose, implying weakening bearish momentum. A break above RSI 50 would reinforce reversal potential.
Fibonacci Retracement
Using the swing high ($91 on August 13) and low ($76 on August 14), key retracement levels are $87.46 (23.6%), $85.27 (38.2%), $83.50 (50%), $81.73 (61.8%), and $79.21 (78.6%). The August 15 close ($79.42) marginally breached the 78.6% level ($79.21), suggesting latent bullish pressure. A decisive break above $81.73 (61.8%) may catalyze momentum targeting the 50% level ($83.50).
Confluence and Divergence Notes
Confluence exists at $76, where KDJ oversold signals, Fibonacci support, and candlestick reversal patterns align. Divergence is observed between MACD (bearish) and KDJ/RSI (improving momentum), typical of potential trend inflection points. The limited dataset warrants probabilistic interpretation; however, confluence at $76 offers a high-confidence tactical support zone. A breakdown below $76 invalidates this thesis and exposes $72.94 (Bollinger lower band). Upside confirmation hinges on closing above $82.94 with volume expansion.