Grab Holdings Drops 5.02% to $5.86 Amid Heavy Selling Pressure

Grab Holdings (GRAB) experienced a significant 5.02% decline in its most recent session, closing at $5.86. This marks its second consecutive daily loss, culminating in a 7.86% drop over two days amid above-average trading volume.
Candlestick Theory
The recent bearish momentum is evidenced by two consecutive long red candles closing near session lows, confirming strong selling pressure. Key support now rests at $5.84 (October 10 low), which aligns with September's swing low. Resistance emerges near $6.17 (recent breakdown level) and $6.40 (psychological barrier). A close below $5.84 may trigger further downside toward $5.50.
Moving Average Theory
GRAB trades below all major moving averages (50-day: $6.05, 100-day: $5.92, 200-day: $5.30), confirming a bearish trend structure. The 50-day MA crossed below the 100-day MA in late September, reinforcing intermediate-term weakness. The 200-day MA remains the final major support, approximately 10% below current levels.
MACD & KDJ Indicators
The MACD (12,26,9) shows sustained bearish momentum with the histogram deepening below zero. KDJ (9,3,3) signals oversold conditions (K: 12, D: 18, J: -0.5), though both indicators lack bullish divergence. While oversold KDJ readings hint at potential short-term relief, MACD's downward trajectory suggests any bounce may be corrective rather than trend-reversing.
Bollinger Bands
Price pierced the lower Bollinger Band ($6.05) on October 10 as volatility expanded—a typical continuation signal in strong downtrends. The band width increase from September's compression indicates accelerating bearish momentum. The lower band now acts as immediate resistance, with sustained trading below it suggesting further downside.
Volume-Price Relationship
The two-day decline occurred on escalating volume (39.9M → 50.6M shares), confirming bearish conviction. Downside volume consistently exceeds upside volume, with notable distribution days in late September and early October. This volume profile supports continuation of the downtrend absent bullish volume reversal.
Relative Strength Index (RSI)
The 14-day RSI (28.5) resides in oversold territory, below the 30 threshold. However, it shows no bullish divergence relative to price, having established lower lows alongside the stock. Historically, GRAB has maintained oversold RSI readings for extended periods during downtrends (e.g., April 2025), warranting caution against premature reversal assumptions.
Fibonacci Retracement
From the swing low of $3.60 (October 2024) to the high of $6.60 (October 2025), key Fibonacci levels provide downside targets: The 38.2% retracement ($5.56) was breached decisively, shifting focus to the 50% level ($5.10) and the 61.8% retracement ($4.64). Confluence exists at $5.10 where the 50% Fibonacci level intersects the 200-day moving average.
Confluence & Divergence Observations
Strong confluence appears at $5.10, combining 200-day MA, Fibonacci 50% retracement, and psychological support—a critical level that could stabilize prices if reached. Divergence emerges between oversold oscillators (RSI, KDJ) and bearish trend indicators (MACD, moving averages), suggesting potential for tactical rebounds within the broader downtrend. However, volume confirmation remains necessary to validate any reversal.