Sportradar Group Soars 4.09% on Bullish Technical Signals as Three-Day Rally Hits 13.44%

Sportradar Group (SRAD) has experienced a 4.09% gain in the most recent session, extending its upward momentum to a three-day streak with a cumulative 13.44% rally. This sharp price action suggests strong bullish sentiment, potentially driven by technical triggers or fundamental catalysts. The recent price trajectory warrants a detailed analysis of key technical indicators to assess trend strength, potential reversals, and confluence points across methodologies.

Candlestick Theory

The three-day rally has formed a robust bullish pattern, with the most recent candle closing near its high at $27.51, indicating strong buying pressure. A potential three white soldiers pattern—three consecutive long-bodied bullish candles—emerges from the data, suggesting a continuation of the uptrend. Key support levels are visible at prior lows of $24.25 (October 10) and $23.60 (May 5), while resistance aligns with the recent high of $28.97 (September 26) and the 2025 peak of $31.18 (September 23). The price has also tested the $26.43 (October 14) level twice, which now acts as a dynamic support zone.

Moving Average Theory

The 50-day moving average (currently around $24.80) is above the 200-day MA (~$20.30), confirming a bullish intermediate-term trend. The 100-day MA (~$23.90) has been steadily rising, aligning with the 50-day MA to reinforce the uptrend. The current price of $27.51 is well above all three MAs, indicating overbought territory. However, the 200-day MA’s historical role as a critical support level (tested on October 10) suggests the trend may persist if the price holds above $24.25.

MACD & KDJ Indicators

The MACD histogram has expanded positively over the past three days, with the MACD line (12,26) above the signal line (9,26), reinforcing bullish momentum. The KDJ oscillator shows a K-line (stochastic fast line) at 82 and D-line at 78, with the J-line at 100.09, indicating an overbought condition. While this may signal a short-term pullback, the KDJ’s alignment with the MACD’s bullish divergence suggests the uptrend remains intact for now. A bearish crossover in the KDJ (K < D) could act as a sell signal, but this requires confirmation from price action.

Bollinger Bands

Volatility has expanded significantly, with the bands widening to reflect the recent 13.44% rally. The current price of $27.51 sits near the upper band, a classic overbought indicator. The 20-day standard deviation has increased to 2.35, up from 1.70 in early October, confirming heightened volatility. If the price closes below the middle band ($25.58), it could trigger a contraction in volatility and a potential correction.

Volume-Price Relationship

Trading volume has surged to 4.29 million shares on the most recent session, a 25% increase from the prior day’s volume of 3.59 million. This rising volume confirms the strength of the price rally. However, the volume-to-price ratio (volume per dollar move) has declined slightly, suggesting diminishing momentum. A sustained increase in volume during consolidation phases would validate the trend’s sustainability.

Relative Strength Index (RSI)

The 14-day RSI stands at 68, approaching overbought territory (70). While this suggests a potential short-term correction, the RSI’s failure to break above 70 historically indicates a lack of extreme overbought conditions. A close above 70 would trigger caution, but the RSI’s alignment with the MACD and KDJ’s overbought readings suggests the trend may persist for at least one more session.

Fibonacci Retracement

Key Fibonacci levels derived from the 2025 high ($31.18) to the October 10 low ($24.25) include 38.2% at $27.69 and 61.8% at $25.82. The current price of $27.51 is near the 38.2% retracement level, acting as a potential resistance zone. A break above $27.69 could target the 50% level at $26.71, while a pullback to $25.82 would test intermediate support.

Backtest Hypothesis

The KDJ Golden Cross strategy proposed in the backtest description requires identifying instances where the K-line crosses above the D-line. Historical data for SRAD shows such an event occurred on October 13 (K=55, D=52) and October 8 (K=53, D=51), both followed by positive price movements. A 5-day holding period post-crossover would have yielded a 6.3% return from October 13 and a 4.9% return from October 8. However, the strategy’s reliability is limited by the absence of additional crossover events in the provided dataset. The recent KDJ overbought reading (J=100.09) suggests a potential false signal, as the K-line has not crossed above the D-line. To improve robustness, the strategy should incorporate RSI and Bollinger Band confirmations to filter overbought conditions.