IQVIA Jumps 6.33% In Two Days As Technicals Signal Bullish Reversal

IQVIA (IQV) has demonstrated notable strength in the most recent session, rising 3.59% to close at $147.90, marking its second consecutive daily gain for a cumulative 6.33% advance. This upward momentum follows a dip to $136.41 on June 3rd and merits a technical assessment across multiple frameworks.
Candlestick Theory
Recent candlesticks reveal a bullish reversal pattern. The June 3rd session formed a Hammer-like candle (low: $136.41, close: $142.78) after a prolonged decline, signaling potential exhaustion of selling pressure. This was confirmed by June 4th’s decisive white candle (open near $143, close: $147.90) with minimal upper wick, indicating strong buying conviction. Key resistance is now established at $150–$152, aligning with the May 20th and 29th peaks. Support lies at $136.41 (June 3rd low), with secondary support near $140 from the May 28th–30th consolidation.
Moving Average Theory
The 50-day, 100-day, and 200-day moving averages depict a bearish hierarchy, with all three trending downward and positioned above the current price ($147.90). The 50-day MA (approximately $152) has consistently capped rallies since late May, while the 200-day MA (near $188) reinforces the long-term downtrend. A sustained break above the 50-day MA would be necessary to signal a potential trend reversal, though the moving average configuration currently favors continued bearish pressure.
MACD & KDJ Indicators
The MACD histogram transitioned to positive territory on June 4th, reflecting improving momentum as the MACD line crosses above its signal line—a bullish crossover. Meanwhile, the KDJ oscillator exited oversold conditions (sub-30) during the two-day rally, with the %K line rising sharply above %D. This confluence suggests budding upward momentum, though sustained validation requires further price confirmation above key resistance levels.
Bollinger Bands
Volatility expanded as prices breached the lower Bollinger Band in late May, culminating in the $136.41 low. The subsequent rebound has pushed IQV back above the 20-day moving average (mid-Band) near $142. The June 4th close approaches the upper Band (~$149), which may act as immediate resistance. The contraction in Band width in early June followed by directional movement signals a volatility breakout, favoring continued near-term momentum.
Volume-Price Relationship
Volume surged 75% on June 3rd (3.27M shares) as prices rebounded from $136.41, underscoring conviction in the reversal. Follow-through volume on June 4th (2.68M shares) remained above the 20-day average, supporting the rally’s sustainability. This contrasts with the descending volume profile during the May downtrend, where sell-offs were accompanied by elevated volume—a sign of distribution. The recent volume uptick validates the rebound’s strength.
Relative Strength Index (RSI)
The 14-day RSI rebounded from deeply oversold territory (26.5 on June 2nd) to near-neutral (48.6 on June 4th). While this relieves oversold conditions, it leaves room for additional upside before overbought concerns arise (RSI >70). Notably, the RSI’s higher low on June 3rd versus the price’s lower low earlier that week formed a bullish divergence, foreshadowing the current rebound.
Fibonacci Retracement
Using the April 9th peak ($157.68) and June 3rd low ($136.41) as anchor points, key retracement levels emerge: 23.6% ($149.50), 38.2% ($152.50), and 50% ($147.05). The June 4th close ($147.90) slightly exceeds the 50% level, with the 23.6% retracement near $149.50 aligning with overhead resistance. A decisive break above $150 would next target $152.50, where Fibonacci resistance converges with the declining 50-day MA.
Confluence and Divergence Observations
Confluence exists at $149–$150, where Bollinger Band resistance, Fibonacci 23.6% retracement, and the 50-day MA intersect. A breakout here would be reinforced by bullish MACD/KDJ crossovers and rising volume. Conversely, failure to hold above the 50% Fibonacci level ($147.05) may invite profit-taking. Divergences between the RSI’s positive momentum shift and the still-declining long-term moving averages warrant caution, indicating this rebound may initially face structural resistance.
In summary, IQVIA’s technical posture shows constructive near-term improvement, supported by momentum oscillators, volume validation, and candlestick reversal patterns. However, overcoming the $149–$152 resistance zone—where multiple indicators converge—is critical to confirm a durable trend reversal. Failure here could reignite bearish pressure toward the $136–$140 support band.