GE Vernova's 15min chart shows RSI overbought and Bollinger Bands narrowing.

GE Vernova's 15-minute chart has triggered an RSI reading of overbought status and Bollinger Bands narrowing on September 5th, 2025, at 14:45. This indicates that the stock price has risen at an excessive rate and is surpassing the underlying fundamental support. Furthermore, the magnitude of the stock price fluctuations is decreasing, suggesting a potential for a correction or reversal in the near future.

On September 5, 2025, at 14:45, GE Vernova (GEV) experienced an RSI reading of overbought status and Bollinger Bands narrowing on its 15-minute chart, indicating that the stock price has risen at an excessive rate and is surpassing the underlying fundamental support. Additionally, the decreasing magnitude of stock price fluctuations suggests a potential for a correction or reversal in the near future.

GE Vernova rose 3.77% in its most recent session, closing at 598.81 after trading between 580.06 and 600.37. This recovery follows a multi-week correction from its August peak. Key resistance levels near 630-635 (August highs) and 50-day MA (~600) remain critical for trend confirmation. Rising volume supports the rebound, but RSI neutrality and Fibonacci 38.2% level (602.5) require clearance for further gains. Bollinger Band expansion and consolidation near 590 midline indicate volatility, with a break above 610 signaling overextension.

The recent price action shows a bullish engulfing pattern formed on September 4th, as the 598.81 close overtook the prior two sessions' highs, suggesting renewed buying momentum. Key resistance emerges near the 630-635 zone (August 25-28 highs), while robust support appears at 565-570 (September 2-3 lows). A hammer candle on September 3rd at 565.43 further reinforces this support level, indicating potential reversal pressure.

The 50-day MA (approx. 600) is currently acting as a pivotal level, with the price reclaiming it on September 4th. However, the 100-day MA (approx. 620) and 200-day MA (approx. 635) loom overhead as resistance. The 50-day crossed below the 100-day in late August, signaling intermediate-term bearish momentum. Sustained trading above the 50-day MA would be needed to suggest trend recovery.

The MACD histogram has turned positive after a bullish crossover, indicating building upward momentum. Meanwhile, the KDJ shows %K (75) crossing above %D (68) from oversold territory (30 on September 2nd), reflecting improving short-term sentiment. However, KDJ's proximity to overbought levels (80) warrants monitoring for potential consolidation near key resistance.

Bollinger Bands are expanding after a contraction period in late August, signaling increased volatility. The price has rebounded from the lower band (approximately 570 on September 3rd) toward the upper band (approximately 610), suggesting bullish pressure. A close above the upper band would indicate potential overextension, while consolidation near the 20-day midline (approximately 590) would support continuation.

Volume decreased during the August decline, indicating weakening selling pressure. The recent advance occurred on rising volume, lending credibility to the rebound. However, volume remains below July's peak levels, questioning the rally's durability near resistance.

The 14-day RSI (currently 52) has rebounded from oversold levels (28 on September 2nd) but remains neutral, avoiding overbought concerns. The RSI's higher low against price's lower low in early September showed bullish divergence, foreshadowing the recent rebound. Room exists for further upside before overbought (70) warnings emerge.

Applying Fibonacci to the decline from the August 12th high (662.84) to the September 3rd low (565.43), the 38.2% retracement (602.5) was breached intraday on September 4th. The 50% level (614.14) aligns with the 100-day MA and August 21-22 resistance. Confluence here creates a critical technical hurdle for the current recovery. A decisive break above 602.5 would open the path toward 614-625.

Confluence exists between the Fibonacci 38.2% level (602.5), the 50-day MA (~600), and Bollinger Band midline, making this a decisive resistance zone. Divergence was noted earlier between price (lower low) and RSI (higher low), which correctly anticipated the rebound. The current technical posture suggests tentative recovery potential, but sustainability hinges on volume-backed clearance of the 600-615 resistance cluster. Failure here may reinvigorate bearish momentum toward the 570 support.

References:
[1] https://www.ainvest.com/news/ge-vernova-rises-3-77-technical-indicators-signal-tentative-recovery-2509/
[2] https://finance.yahoo.com/news/scada-renewable-energy-market-global-143400714.html