Futu Holdings Rises 19.26% In Five-Day Rally To $143.49

Futu Holdings (FUTU) concluded the latest session at $143.49, marking a 0.77% gain and securing its fifth consecutive positive close, with a notable 19.26% advance over this period. This upward momentum follows substantial volatility throughout the year, ranging from a low near $55 in August 2024 to a recent high of $150.
Candlestick Theory
The recent price action showcases a robust bullish reversal, characterized by a multi-day rally after testing the $111–$115 support zone in mid-June. Key resistance now emerges near the July 10 high of $150.00, with minor psychological resistance at $145. The 5-day ascent forms a series of elongated green candles, confirming strong buying pressure. A bearish reversal signal would require confirmation below the $138 support (July 8 low), while a sustained break above $150 may target $160.
Moving Average Theory
The 50-day moving average (approximated at $120) crossed bullishly above the 100-day (~$110) and 200-day (~$100) averages in June, confirming a long-term uptrend. Current trading above all three MAs signals sustained bullish momentum. The 50-day MA now acts as dynamic support, aligning with the June swing low near $111.50. Any breakdown below the 50-day MA would warrant caution for trend sustainability.
MACD & KDJ Indicators
The MACD histogram shows strengthening bullish momentum, with the signal line accelerating above zero after the July 8–9 surge. Concurrently, daily KDJ registers an overbought signal (K: 88, D: 84, J: 96), suggesting near-term exhaustion risk. While this divergence implies potential consolidation, sustained MACD momentum may delay a pullback. Traders should monitor for KDJ bearish crosses to signal profit-taking.
Bollinger Bands
A volatility expansion occurred as prices breached the upper band during the July 9 surge to $143.79. The bands widened notably after contracting in early July, validating breakout momentum. Current trading near the upper band ($148) signals overbought conditions short-term. A reversion toward the 20-day moving average midline ($135) could offer support, while consolidation within the bands may precede the next directional move.
Volume-Price Relationship
The rally’s credibility is underscored by progressively increasing volume, peaking at 4.95 million shares on July 9 during the 9.09% surge. This volume spike confirms institutional participation. The subsequent session’s higher close on reduced volume (4.19 million) suggests limited selling pressure. Should the advance continue, volume confirmation above the 10-day average (~3.2 million) would strengthen bullish conviction.
Relative Strength Index (RSI)
The 14-day RSI (approximately 78) entered overbought territory, aligning with KDJ signals. Historically, similar RSI peaks coincided with minor pullbacks (e.g., March 2025 retracement from 114.7). While overbought RSI warns of consolidation, its divergence from recent new highs ($150 vs. $143.79 on July 9) remains absent. A close below $138 could trigger RSI reversal below 70, potentially confirming a short-term top.
Fibonacci Retracement
Applying Fib levels to the swing low of $93.52 (May 1) and peak of $150.00 (July 10) yields key retracement supports: 61.8% at $127.50, 50% at $121.80, and 38.2% at $116.20. These levels converge with moving averages and prior consolidation zones (June lows near $111–$115). A pullback toward $127.50 could offer high-probability entry points, provided volume diminishes near support.
Confluence and Divergence Observations
Confluence exists between Fibonacci 38.2% ($116.20), the 100-day MA (~$110), and Bollinger midline support ($135), creating a robust technical floor. Divergence emerges in overbought oscillators (RSI/KDJ) versus sustained MACD momentum—typical of strong trends where overbought conditions persist. The volume-price alignment and moving average stack support bullish continuity, though RSI-driven profit-taking may trigger a 5–7% retracement toward $127.50–$135 before resumption.