Figma Stock Rises 3.49% to $58.79 Amid Bullish Technical Signals

Figma (FIG) advanced 3.49% in the most recent session, closing at $58.79 with trading activity yielding $553.86 million in volume. The session established a daily range between $55.36 and $59.69, building on a volatile trend observed over the analyzed period.
Candlestick Theory
Price action analysis, constrained by the absence of opening price data, focuses on support and resistance levels derived from recent high/low formations. The $59.69 peak from September 22 represents immediate resistance, aligned with the psychological $60 threshold. Successfully breaching this barrier could catalyze further upside. Support manifests at $55.24-55.36 (September 19 low and current session dip-buying zone), followed by stronger foundations near $52.22 and the critical $50.81-$51.06 region from the September 10 reaction low.
Moving Average Theory
Adjusted moving averages (10-day and 20-day proxies given data limitations) signal strengthening near-term momentum. The current close ($58.79) trades above both the 10-day SMA (~$55.00) and 20-day SMA (~$56.50), confirming a bullish near-term bias. This configuration—with the shorter average trending above the longer one—suggests growing bullish sentiment, though longer-term trend confirmation requires additional data points beyond the available ~35 trading days.
MACD & KDJ Indicators
Momentum oscillators exhibit bullish alignment. The MACD (12,26,9) registers a positive crossover and expanding histogram bars, implying accelerating upward momentum following the September 10 low. Meanwhile, the KDJ oscillator (9,3,3) shows the %K line at elevated but non-overbought levels (~75) after recently exiting oversold territory. This suggests that while the recovery move retains energy, it may face near-term consolidation as the KDJ approaches overbought thresholds. Both indicators agree that bullish momentum is dominant currently.
Bollinger Bands
Price trades near the upper Bollinger Band ($59.50), calculated using a 20-day SMA and 2 standard deviations, reflecting heightened upside momentum. Band width has expanded notably since the September 10 low, indicating increasing volatility that typically accompanies strong directional moves. While proximity to the upper band sometimes signals overextension, the absence of bearish reversal candles suggests the uptrend retains validity. A sustained breakout above the band would strengthen the bull case.
Volume-Price Relationship
Volume dynamics corroborate the recent bullish reversal. Significant accumulation accompanied the initial rebound—September 18’s 6.63% surge occurred on the highest volume (12.05 million shares) in the recovery sequence, validating breakout conviction. Subsequent gains, including the latest 3.49% advance, occurred on progressively lower but still above-average turnover (9.74 million shares), indicating steady institutional participation without the climactic volume typical of exhaustion moves.
Relative Strength Index (RSI)
The 14-day RSI measures approximately 65 (calculated per the provided formula: RSI = [Average Gain / (Average Gain + Average Loss)] × 100). This places the oscillator in bullish territory above the neutral 50 level, yet below the 70 overbought threshold. Such positioning indicates accumulating momentum with remaining runway before technical exhaustion becomes a concern. However, traders should note that RSI alone does not predict reversals—vigilance near 70 remains prudent.
Fibonacci Retracement
Applying Fibonacci levels to the dominant $50.81 (September 10 low) to $142.92 (August 1 high) range reveals critical upside hurdles. The 23.6% retracement sits at $72.56, with subsequent resistances at $85.99 (38.2%), $96.87 (50%), and $107.74 (61.8%). Figma’s current price at $58.79 remains considerably below the 23.6% barrier, signaling substantial recovery potential exists. A break above the recent $59.69 high would open a path toward this initial Fibonacci target, though sustained volume will be necessary to overcome resistance.
Confluence is observed across indicators: price trades above key moving averages; MACD and KDJ reflect bullish momentum expansion; volume validates advances; RSI signals strength without overextension; and Fibonacci positioning implies significant untapped upside potential. The only minor divergence is the KDJ’s approach toward overbought levels against other indicators, hinting at possible near-term consolidation. Overall, Figma exhibits a technically bullish posture, though its ability to breach the $59.69-$60 resistance zone remains the critical near-term focus. A successful breakout could catalyze a move toward the $72.56 Fibonacci level, while failure might consolidate the price within the $55.24-$59.69 range.