KKR Jumps 4.11% To $145.01 On Heavy Volume As Bullish Signals Converge

KKR registered a significant gain of 4.11% in the most recent session, closing at $145.01. This marks the second consecutive day of gains, resulting in a total increase of 5.55% over the past two trading days, accompanied by elevated trading volume exceeding 4 million shares.
Candlestick Theory
Recent price action shows a bullish engulfing pattern forming over the last three sessions (09/09-09/11), with a long green candle on 09/11 closing near the session high ($146.14 high vs. $145.01 close). This suggests strong buying momentum overcoming prior indecision. Key support is identified at the recent swing low of $135.53 (09/05), while resistance stands at the late-July peak near $152.15 and the year-to-date high of $170.40 (01/31). Intermediate resistance appears near $146.14 (09/11 high), acting as a barrier following the recent surge.
Moving Average Theory
The 50-day moving average ($136.30 approximated) recently acted as support, with the price rebounding strongly from this level. The 100-day MA ($138.80) is now converging with the 50-day, potentially providing a dynamic support zone. The longer-term 200-day MA ($131.50) slopes upward, confirming the primary bullish trend. However, the price currently trades significantly above all three major averages, indicating strong short-term momentum but also suggesting potential for consolidation as it stretches away from mean levels.
MACD & KDJ Indicators
MACD shows a bullish crossover emerging on 09/11, with the MACD line rising above the signal line, accompanied by expanding histogram bars above the zero line. This suggests strengthening upside momentum. Concurrently, the KDJ indicator demonstrates strong positive alignment: the K-line (79) and D-line (73) are ascending towards overbought territory (>80), while the J-line (91) confirms vigorous buying pressure. Both oscillators align in signaling current bullish momentum.
Bollinger Bands
Price closed near the upper Bollinger Band (~$146) on 09/11, indicating stretched bullish conditions relative to recent volatility (20-day standard deviation). Notably, the bands had undergone a period of contraction (squeeze) in early September, preceding the recent breakout to the upside. Sustained trading near the upper band suggests strong upward pressure, but also increases the probability of a short-term pullback or consolidation as volatility normalizes.
Volume-Price Relationship
The recent rally on 09/10 and 09/11 was confirmed by significantly above-average volume, particularly the ~4.05 million shares traded on 09/11, compared to the 30-day average volume near 3.2 million. This rising volume on advancing prices validates buyer conviction and enhances the sustainability signal of the current upmove. Volume expansion on rallies is a consistently bullish technical factor observed here.
Relative Strength Index (RSI)
The 14-day RSI has risen sharply to approximately 68, edging towards overbought territory (above 70). While this signals strong buying momentum, it also suggests the rally is becoming mature in the near term and warrants caution for potential exhaustion. RSI divergence is not currently apparent on daily charts. It typically serves as a warning rather than a standalone reversal signal; context from other indicators remains essential.
Fibonacci Retracement
Applying Fibonacci levels to the significant corrective move from the March 2025 high ($170.40) to the September 2025 low ($135.53) reveals key retracement zones. The 38.2% retracement level sits at $147.25, closely aligning with the 09/11 session high ($146.14). This level presents immediate overhead resistance. The 50% retracement resides at $152.96, overlapping significantly with the July consolidation highs (tested around $152.15). Sustained trading above $147.25 could target this $152-$153 confluence zone. Support now coincides with the recent reaction low near $139 and the key moving averages around $136-$138.
Confluence & Divergence Summary
Significant confluence exists at the $136-$138 zone, combining the rising 50-day & 100-day MAs, the mid-September swing lows, and a key volume node. This area represents strong support. Bullish confluence is also evident in the MACD crossover, KDJ alignment, strong volume confirmation, and candlestick breakout. No major bearish divergences are currently visible. However, the proximity to the upper Bollinger Band and the 38.2% Fibonacci resistance level ($147.25), combined with the RSI approaching overbought territory near 70, suggests near-term consolidation or a pullback is increasingly probable. A decisive break above $147.25 would significantly enhance the bullish case targeting $152-$153. Overall technicals favor the prevailing uptrend continuing after potential short-term consolidation.