Nebius Group Stock Surges 26% In Six Sessions As Technicals Flash Strong Buy Signals

Candlestick Theory
Nebius Group exhibits strong bullish momentum, with the most recent session forming a substantial green candle closing near its high of 114.85, confirming buyer dominance. Over the past six sessions, consecutive higher highs and lows illustrate sustained buying pressure. Key resistance was established at 114.85 (intraday high), with support forming near 107-109, reinforced by prior consolidation in late September. The long lower wick on 2025-09-22 suggests rejection of prices below 98.52, validating it as interim support. Earlier price action highlights psychological resistance near 100 (tested repeatedly in September), now converted to support.
Moving Average Theory
The 50-day moving average (currently near 65-70) crossed above both the 100-day and 200-day MAs in early September, generating a bullish golden cross that ignited the current uptrend. Current prices (113.23) trade significantly above all three MAs, confirming a strong upward bias. The slope of the 50-day MA has steepened recently, signaling accelerating short-term momentum. This multi-timeframe alignment suggests robust trend strength, though extended deviations may precede minor pullbacks.
MACD & KDJ Indicators
MACD shows a widening bullish histogram and sustained positive momentum, with the signal line firmly above the MACD line since early September. KDJ maintains elevated levels (K and D consistently above 80), reflecting persistent overbought conditions during the rally. While this confirms trend strength, it also implies elevated near-term exhaustion risk. No bearish divergences are evident, suggesting no immediate reversal signals despite overbought readings.
Bollinger Bands
A pronounced band expansion occurred during the September breakout from the 60-70 consolidation zone, reflecting a volatility surge. Recent sessions show prices riding the upper band, signaling exceptional bullish momentum. The breach above the +2σ band on 2025-09-09 and 2025-09-24 indicates extreme bullish sentiment. Bandwidth contraction preceding these breakouts highlighted significant impending volatility.
Volume-Price Relationship
Breakout sessions (2025-09-09: 88M shares, 49% gain; 2025-09-24: 25M shares, 5% gain) were backed by surging volume, validating upside conviction. Recent advances feature above-average volume, though not climactic, supporting sustainability without overt euphoria. Volume troughs during minor pullbacks (e.g., mid-September) signal limited selling pressure. Declining volume on shallow dips reinforces bullish control.
Relative Strength Index (RSI)
Daily RSI (~75-80) is deeply overbought (>70), signaling stretched conditions after the 26% 6-day surge. While caution is warranted historically at such levels, the lack of bearish divergence suggests momentum remains intact. Weekly RSI (≈65) avoids extreme overbought territory, implying potential room for upside before major reversals if broader trends persist. RSI may linger overbought in strong trends, reducing its standalone predictive power.
Fibonacci Retracement
Using the swing low of 18.94 (2024-11-21) and recent high of 114.85:
- 38.2% level (≈77.2): Former resistance breached during September rally.
- 50% level (≈66.9): Coincides with the 200-day MA and acted as support in August.
- 61.8% level (≈56.6): Key support if a deep correction occurs.
Current pullback support converges with the 38.2% retracement zone (95-100), reinforced by September’s consolidation highs.
Synthesis & Confluences
Strong confluence exists between Fibonacci support (95-100), prior resistance pivots, and the rising 50-day MA, creating a robust technical floor. Bullish momentum is reinforced by MACD expansion, persistent upper Bollinger Band proximity, and multi-MA alignment. Divergences are absent across oscillators, though RSI and KDJ overbought readings warn of short-term consolidation risk. Volume patterns validate upward moves without speculative excess. Nebius Group exhibits a high-probability uptrend with critical support near 95-100; a sustained break below this zone would be necessary to invalidate the bullish structure.