Nutanix Jumps 7.24% On Heavy Volume As Technicals Signal Continued Upside

Nutanix (NTNX) surged 7.24% to $74.98 on September 8, 2025, marking its fourth consecutive daily gain with an 11.71% advance over this period. The stock oscillated between $72.29 and $76.08 during the session, reflecting robust bullish momentum as trading volume reached 9.01 million shares, significantly above the 30-day average. This analysis evaluates technical dynamics across multiple frameworks.
Candlestick Theory
The four consecutive bullish candles—including September 8th’s long-bodied white candle closing near its high—signal strong accumulation. Notable resistance emerges at $76.08 (September 8 high), aligned with the July 30 peak of $77.45. Support resides at the August 28 low of $62.16, reinforced by the psychological $70 threshold. A decisive close above $76.08 could catalyze a test of the $78–$79 yearly resistance zone.
Moving Average Theory
Nut anix trades above all key moving averages: the 50-day SMA (est. $71.2), 100-day SMA (est. $69.8), and 200-day SMA (est. $67.5), confirming a primary uptrend. The 50-day SMA recently provided dynamic support during the August pullback, while the Golden Cross formation (50-day above 200-day in Q2 2025) remains structurally intact. This alignment suggests persistent upward momentum, though a close below the 50-day SMA would indicate near-term exhaustion.
MACD & KDJ Indicators
MACD (12,26,9) exhibits a bullish crossover above the zero line, with both histogram and signal line accelerating upward—consistent with strengthening momentum. The KDJ oscillator, however, flags overbought conditions (K-value >85, D-value >80). While KDJ divergence is absent, its current position suggests consolidation risk near the $76 resistance. MACD’s positive trajectory may override short-term overbought KDJ signals if volume persists.
Bollinger Bands
Price rebounded from the lower Bollinger Band ($66–$68 range) in late August, culminating in a September 8 close near the upper band ($75.8). Bandwidth expanded sharply during the rally, signaling heightened volatility and validating directional conviction. This expansion—amid a 4-day volume surge—supports continuation patterns, though mean-reversion risk increases if price stalls near the upper band.
Volume-Price Relationship
The rally’s credibility is underscored by ascending volume: September 8’s volume (9.01M shares) was 215% above the 30-day average. The August 28 sell-off recorded the year’s highest volume (10.91M shares), potentially marking capitulation. Accumulation days dominated the uptrend, with volume spikes on advances signaling institutional participation. A drop below the 10-day volume average could foreshadow profit-taking.
Relative Strength Index (RSI)
The 14-day RSI (72) approaches overbought territory (>70) but lacks divergence relative to price highs. Historically, Nutanix sustained RSI levels >70 for extended periods during its March–May 2025 rally, suggesting the current reading may precede consolidation rather than reversal. Traders should monitor for bearish RSI divergence at new price highs.
Fibonacci Retracement
Drawing Fibonacci from the June 30 peak ($76.44) to the August 28 trough ($62.16), price breached the 61.8% retracement ($71.2) decisively. The current rally targets the 76.4% level ($73.5) and the 100% extension at $76.44. These levels align with multi-month resistance zones, creating high-probability profit-taking areas. The 61.8% retracement now converts to primary support.
Confluence and Divergence
Confluence is evident between the breakout above the 61.8% Fibonacci level, the MACD bullish crossover, and volume-backed Bollinger Band expansion. However, the KDJ’s overbought condition diverges from MACD momentum, warranting caution near $76–$77 resistance. The absence of RSI divergence and the Golden Cross alignment bolster the bullish bias. Probable outcomes include a brief consolidation near $76 followed by a retest of YTD highs if volume persists, though risk-reward favors patience until price resolves the $76–$77 supply zone.