Futu Holdings Jumps 4.51% to $150.06 on Strong Volume as Technicals Signal Bullish Momentum

Futu Holdings (FUTU) concluded the most recent session with a notable 4.51% gain, closing at $150.06 after trading between $145.22 and $150.99. This advance occurred on elevated volume of 3.16 million shares, signaling strong buyer participation near current levels. The following technical analysis assesses key market dynamics through multiple lenses.
Candlestick Theory
The daily chart shows a decisive bullish candle on July 17th, closing near its high after three preceding indecisive sessions. This pattern suggests accumulation above critical support at $143.50–$142.40, established during the July 8th–9th reversal rally. Immediate resistance lies at $151.36 (July 14th high), with a breach potentially triggering momentum toward the $155 psychological barrier. The recent failure to hold above $150 (July 11th) underscores this level as a tactical pivot.
Moving Average Theory
The 50-day moving average (MA) currently slopes upward at $112, well below the price, confirming a sustained intermediate uptrend. Crucially, the 50-day crossed above both the 100-day and 200-day MAs in early May, triggering a "golden cross" that has since supported bullish sentiment. The ascending 200-day MA ($96) reinforces long-term strength. Current price action holding 15% above the 50-day MA suggests robust near-term momentum, though such a wide dispersion may invite profit-taking.
MACD & KDJ Indicators
The MACD histogram turned positive in early July after a bearish convergence warning in late June, signaling renewed upward momentum. Meanwhile, the KDJ indicator exited oversold territory on July 8th and now approaches overbought conditions (K: 78, D: 72, J: 90). While KDJ implies potential near-term exhaustion, the MACD uptick and recent price breakout suggest any pullback likely represents consolidation rather than reversal. Divergence is absent currently.
Bollinger Bands
Bollinger Band width expanded sharply during the July 8th–11th 16% surge, indicating high directional conviction. Price now tests the upper band ($151.50), a level rejected twice in the past month. The 20-day volatility reading remains elevated at 22%, supportive of continuation moves but vulnerable to mean-reversion signals if volume diminishes. A sustained close above the upper band would imply breakout validation.
Volume-Price Relationship
Volume patterns validate key price moves: The July 9th 9.09% surge occurred on the highest volume (4.95M shares) in three months, confirming institutional accumulation. Conversely, the mid-June selloff featured expanding volume during down days, reflecting distribution. The current advance shows healthy volume support, though lower volume on recent up days compared to early July warrants monitoring for waning momentum.
Relative Strength Index (RSI)
The 14-day RSI reads 66, retreating from overbought territory (73 on July 11th) and now hovering near equilibrium. While RSI previously warned of exhaustion when exceeding 70 in April, June, and early July, its current position allows room for upside before signaling overextension. Notably, RSI made lower highs in late June as prices tested $150, creating a bearish divergence that preceded the 10% correction to $142.40.
Fibonacci Retracement
Applying Fib levels to the major uptrend from the August 2024 low ($55.54) to the July 2025 high ($150.99): The 61.8% retracement at $92.50 provided critical support during the May–June consolidation, while the 38.2% level ($114.50) capped advances in April and early May. Current price action holds above the 23.6% retracement ($133.50), sustaining the primary bull structure. Confluence exists between Fib resistance at $155 (June high) and psychological resistance at $150–$155.
Concluding Observations
Technical confluence appears strongest at $143.50–$142.40, where Fib support, volume confirmation, and the ascending 50-day MA converge. This zone remains pivotal for maintaining bullish posture. A decisive break above $151.36 could accelerate toward $155–$160. However, overbought KDJ readings and RSI nearing 70 suggest tactical pullbacks remain probable within the broader uptrend. Watch for volume contraction near $150 as a warning of hesitation, while expansion above $151 would validate continuation.