TPG Extends Rally 5.33% Over Two Days As Technicals Signal Bullish Momentum

TPG(TPG) rose 3.54% to $62.09 on 2025-09-11, extending gains to two consecutive days with a cumulative 5.33% advance. This upside momentum emerged after testing multi-week lows, prompting a multi-indicator technical assessment to evaluate trend sustainability and potential inflection points.
Candlestick Theory
Recent candlestick formations show a bullish reversal pattern emerging from the $57.25 support level (2025-09-02 low). The 2025-09-10 and 2025-09-11 sessions formed two consecutive white candles with higher highs and higher lows, confirming buyer conviction after a hammer candle at $57.79 on 2025-09-05. Resistance is now evident near the $64.79 swing high (2025-08-14), while support converges at $59.50–$60.00, aligned with the late-August consolidation zone.
Moving Average Theory
The 50-day moving average ($59.70) provided dynamic support during the September pullback, with the price rebounding precisely from this level. Currently trading above the 50-day, 100-day ($58.10), and 200-day ($55.80) averages, TPG maintains a bullish intermediate structure. However, the flattening 50-day MA suggests potential consolidation. A sustained hold above $61.00 could catalyze a bullish MA alignment.
MACD & KDJ Indicators
MACD (12,26,9) registered a bullish crossover below the zero line on 2025-09-09, with the histogram turning positive on 2025-09-11 – typically a precursor to trend reversals. Concurrently, the KDJ oscillator (9,3,3) saw its %K line (76) cross above %D (68) from oversold territory on 2025-09-04, now approaching overbought levels. This confluence signals strengthening upside momentum, though the KDJ’s proximity to overbought territory warrants monitoring for potential exhaustion.
Bollinger Bands
The bands contracted significantly in early September (bandwidth decreased 22% from late August), indicating diminished volatility before the breakout. The 2025-09-11 close pierced the upper band ($61.80), typically signaling overextension. Such violations often precede either continuation rallies (if supported by volume) or mean-reversion pullbacks. The 20-day midline at $60.20 now becomes critical support.
Volume-Price Relationship
The rally’s credibility is enhanced by increasing volume, with 2025-09-10 and 2025-09-11 volumes (1.68M and 1.60M shares) exceeding the 30-day average (1.4M). Notably, upside volume expanded as prices cleared the $60.00 psychological barrier, validating buyer conviction. This contrasts with the late-August decline, which occurred on relatively lower volume, suggesting weak capitulation.
Relative Strength Index (RSI)
The 14-day RSI (65) has risen sharply from oversold conditions (30 on 2025-08-28), now approaching the overbought threshold at 70. While this indicates robust near-term momentum, its current trajectory suggests limited immediate upside before potential consolidation. Traders should note that RSI readings above 70 have previously coincided with pullbacks in late July and early August.
Fibonacci Retracement
Applying Fibonacci levels to the 2025-08-14 high ($64.79) and 2025-09-02 low ($57.25), the current price ($62.09) exceeds the 61.8% retracement level at $61.91. This breach suggests bullish strength, potentially targeting the 78.6% level at $63.38. The 50% retracement ($61.02) now serves as primary support, aligning closely with the 50-day moving average and the September 5 high.
Multiple confirmations exist between indicators: the MACD crossover, KDJ ascent, Fibonacci breach, and volume-backed breakout collectively signal bullish momentum. However, divergences emerge in overextension signals, with Bollinger Band violation and RSI near overbought territory contrasting with the otherwise bullish setup. Given the strong recovery from support and multi-indicator alignment, further upside toward the $63.50–$64.00 resistance appears probable short-term, though the overbought readings suggest increased volatility risk.