Oklo Stock Rises 2.49% to 138.13 Nears All-Time High Amid Bullish Technicals

Oklo (OKLO) concluded trading at 138.13 on October 9, 2025, registering a 2.49% gain and extending its advance to 2.99% over two consecutive sessions. This upward movement positions the stock at a critical technical juncture near its all-time high, warranting a multidimensional assessment.
Candlestick Theory
Recent sessions formed a bullish pattern with the October 8 hammer candle (low 130.58, close 134.77) indicating rejection of lower prices, confirmed by follow-through buying on October 9. Key support is established at the October 8 low (130.58), reinforced by the psychological 130.00 level. Resistance emerges at the October 9 intraday high (141.55), which coincides with the all-time high. A decisive close above 141.55 would signal bullish continuation, while failure to hold 130.58 may trigger profit-taking.
Moving Average Theory
The 50-day, 100-day, and 200-day moving averages exhibit a bullish hierarchy (50 > 100 > 200), confirming the dominant uptrend. Current price (138.13) trades substantially above all three averages, indicating robust momentum. The 50-day average (approximately 105) provides dynamic support, while the ascending 200-day average (approximately 65) underscores the long-term bullish structure. No significant crossovers are imminent, supporting trend continuity.
MACD & KDJ Indicators
MACD maintains a bullish configuration above its signal line, though histogram momentum has moderated during the recent consolidation. KDJ oscillators show the %K line (86) and %D line (79) in overbought territory, having retreated from extreme levels above 90. This suggests near-term exhaustion but not immediate reversal. Traders should monitor for a bearish KDJ crossover that could precede a pullback.
Bollinger Bands
Volatility expanded during the October 2-6 rally (band width increased 25%), contracting modestly in recent sessions. Price hovers near the upper band (138), having rejected the 141.55 level marginally above it. This positioning signals sustained bullish control but increases sensitivity to downside volatility. A consolidation phase that reverts toward the 20-day midline (125) would be consistent with typical band dynamics.
Volume-Price Relationship
The October 2 breakout (11.10% gain on 28.3M shares) demonstrated high-conviction accumulation. Subsequent advances have occurred on diminishing volume (October 6: 8.79% on 25.6M shares; October 9: 2.49% on 17.3M shares). This divergence suggests waning upside momentum at new highs, though higher volume on rallies than pullbacks confirms net buying pressure. Sustainability requires volume expansion above 25M shares on decisive breakouts.
Relative Strength Index (RSI)
The 14-day RSI (71) remains near overbought territory, reflecting persistent bullish momentum. Historically, Oklo has sustained RSI >70 during powerful advance phases (e.g., September 19 rally at RSI 78). While not an immediate reversal signal, this reading implies reduced margin of safety for new longs. Traders should view oversold readings (RSI <50) as potential entry triggers.
Fibonacci Retracement
Applying Fibonacci to the recent swing low (109.20 on October 1) and swing high (141.55 on October 9): key retracement supports cluster at 133.92 (23.6%), 129.20 (38.2%), and the 125.38 midpoint. These levels converge with the October 7 low (130.40) and 50-day moving average (105), creating high-probability support zones. The 161.8% extension (165.50) offers a potential upside target.
Confluence and Divergence
Notable confluence exists at 129-131, where Fibonacci 38.2% retracement, the October 7 low, and prior swing highs converge. Bearish divergences include declining volume on new highs and moderating MACD momentum despite price recovery. The absence of oversold KDJ readings during the September pullback signals underlying strength. Overall, multiple indicators support the dominant uptrend, though waning momentum oscillators and volume warrant vigilance for consolidation.