Nebius Group (NBIS) Posts 4.21% Gain in Latest Session, Extending Three-Day 23.57% Rally as Technical Analysis Supports Uptrend

Nebius Group (NBIS) has surged 4.21% in the most recent session, extending a three-day rally with a cumulative gain of 23.57%. This sharp upward momentum suggests strong short-term buying pressure, warranting a detailed technical analysis across multiple frameworks to assess the sustainability and potential trajectory of this move.
Candlestick Theory
The recent price action reveals a bullish continuation pattern, with the stock forming a series of higher highs and higher lows over the past three sessions.

The 2025-12-22 session, for instance, closed at 93.23, forming a long white candle with a lower shadow, indicating rejection of prior resistance around 89.46 (12-19 close). Key support levels are emerging at 80.16 (12-18 low) and 75.25 (12-17 low), while resistance clusters at 95.9 (12-22 high) and 100.8826 (12-09 high). A potential bearish reversal signal may occur if the price fails to hold above 91.1 (12-22 low), triggering a test of the 80.16 support level.
Moving Average Theory
Short-term momentum is reinforced by the 50-day moving average (approximately 88.0), which lies below the current price, suggesting upward bias. The 200-day MA (~55.0) provides a longer-term baseline, with the stock trading significantly above it, indicating a strong uptrend. However, the 100-day MA (~84.5) is also supportive. A critical confluence point occurs if the price remains above the 50-day MA, as this would confirm a continuation of the bullish trend. Divergence between the 50-day and 200-day MA (positive crossover) further strengthens the case for sustained momentum.
MACD & KDJ Indicators
The MACD histogram has shown expansion in recent sessions, with the MACD line (12-22: ~5.0) above the signal line (~3.0), signaling growing bullish momentum. The KDJ (Stochastic) indicator, with %K at 85 and %D at 80, suggests the stock is approaching overbought territory. However, the recent price surge has not yet triggered a bearish crossover (e.g., %K dipping below %D), indicating that momentum remains intact. A divergence between price highs and KDJ peaks could signal a potential pullback, but this remains a watch item for now.
Bollinger Bands
Volatility has expanded recently, with the 20-day Bollinger Bands widening to 91.1–95.9 (as of 12-22). The current price sits near the upper band, suggesting a potential breakout or continuation of the uptrend. If the price closes above the upper band, it may indicate a high-volatility phase; conversely, a drop below the 91.1 lower band would signal a reversion to mean or consolidation. The band’s width also highlights increased trading activity, aligning with the recent volume surge.
Volume-Price Relationship
Trading volume has spiked in recent sessions, with the 12-22 session recording 11.3 million shares traded—a 30% increase from the prior day. This surge in volume validates the price rally, indicating strong institutional or retail participation. However, if volume declines during subsequent updays while the price remains elevated, it could signal weakening conviction. The 12-22 volume-to-price ratio (93.23/11.3M) suggests robust demand, but a drop in volume during follow-through rallies may necessitate caution.
Relative Strength Index (RSI)
The 14-day RSI stands at ~72, approaching overbought territory (70 threshold). This suggests the stock may be due for a consolidation phase, though the RSI has not yet crossed into overbought levels. A break above 75 would confirm overbought conditions, increasing the risk of a short-term correction. Conversely, a sustained move above 75 without a significant pullback could indicate strong bullish momentum, warranting a reassessment of the trend.
Fibonacci Retracement
Applying Fibonacci levels between the 2025-09-09 high (100.88) and the 2025-08-05 low (52.88), the current price of 93.23 aligns with the 61.8% retracement level (approx. 91.5). This suggests a potential support zone, with a test of the 78.6% level (~85.0) likely if the uptrend stalls. A break above the 100.88 high would target the 127.2% extension (~135.0), though this requires confirmation via a sustained close above the 100.88 psychological barrier.
Confluence and Divergences
Strong confluence exists between the bullish candlestick pattern, expanding MACD, and elevated volume, all supporting the continuation of the uptrend. However, the RSI nearing overbought levels and the KDJ approaching saturation (85/80) introduce caution. A divergence between the KDJ and price (e.g., lower highs in KDJ despite higher price highs) would signal weakening momentum. Conversely, a break above the 95.9 resistance with confirmation from all indicators could validate a new bullish phase.

The analysis underscores a high-probability continuation of the current uptrend, supported by technical alignment across multiple frameworks. However, vigilance is required to monitor overbought conditions and potential divergences, which could signal a short-term correction or consolidation phase. Key watch levels include 95.9 (resistance), 91.1 (support), and the 50-day MA (~88.0) as critical inflection points for the next few sessions.