TPG Stock Rises 2.58% In Two Days As Technicals Signal Bullish Momentum

Introduction and Recent Price Action
TPG concluded the latest session at $57.28, marking a 0.25% gain and extending its advance to a two-day cumulative increase of 2.58%. This upward momentum follows a volatile period, with the stock recovering from a July low near $53.80 after retreating from yearly highs around $70 in early 2025. The analysis below employs multiple technical frameworks to evaluate TPG’s trajectory, emphasizing confluences and divergences.
Candlestick Theory
Recent candlesticks reveal emerging bullish signals. The August 4th session formed a hammer pattern with a low of $55.63, validated by subsequent green candles closing near highs. This establishes $55.63–$55.84 as a critical support zone. Resistance is evident near $57.77–$58, where multiple reversals occurred in late July and early August. A sustained close above $58 would signal bullish conviction, while failure at $55.63 may trigger a retest of the $53.80 swing low.
Moving Average Theory
TPG’s 50-day moving average (50-DMA, ~$55.90) recently crossed above the 100-DMA (~$55.40), reinforcing short-term bullish momentum. The current price trades above all key moving averages (50, 100, and 200-day), confirming an intermediate uptrend. The 200-DMA (~$53.50) provides foundational support. However, a narrowing spread between the 50-DMA and 100-DMA suggests potential consolidation if near-term support falters.
MACD & KDJ Indicators
The MACD histogram flattens near the zero line, indicating weakening bearish momentum but lacking decisive bullish confirmation. A bullish crossover remains possible if the signal line recovers. Meanwhile, the KDJ oscillator shows the %K line (72) crossing above %D (68) in overbought territory, suggesting near-term upside exhaustion. This divergence implies short-term pullback risk despite positive directional sentiment.
Bollinger Bands
Bollinger Bands contracted to a volatility low of 13.5% on August 1st, the tightest range in three months, often preceding directional breakouts. Current price action tests the upper band ($57.77), indicating bullish pressure. A confirmed breakout above this level with expanded bands may accelerate gains. Conversely, rejection here could retreat toward the middle band ($56.50), aligning with key moving averages.
Volume-Price Relationship
Volume surged 28% during the August 4th 2.33% rally, signaling accumulation. Recent gains accompanied above-average volume, supporting sustainability. Conversely, the July 31st decline on elevated volume highlighted distribution. The current uptick lacks equivalent volume conviction compared to the July 16th rally (3.97% on 3.36M shares), warranting caution. A close above $58 with volume exceeding 2.5M shares would validate bullish continuation.
Relative Strength Index (RSI)
The 14-day RSI reads 65, near overbought territory (>70) but without immediate divergence. This reflects strengthening momentum but raises near-term overextension risks. Historical reversals occurred near RSI 72, as seen on July 17th. Monitoring for bearish divergence against price is essential. While not yet overbought, the RSI’s position necessitates prudence regarding upside exhaustion.
Fibonacci Retracement
Applying Fibonacci levels to the April–July decline (peak: $70.46, trough: $53.80) shows the 38.2% retracement ($60.15) as initial resistance. Confluently, the 50% retracement ($53.80) aligns precisely with the July swing low and 200-DMA, underscoring its strategic significance. A reversal from $60.15 may emerge, while a breach could target the 61.8% level ($62.50), a historical distribution zone.
Confluences and Divergences
Key support confluence exists at $55.63–$55.90 (hammer low + 50-DMA + volume gap). Resistance converges at $57.77–$58 (Bollinger upper band + prior reversals). Divergences emerge via KDJ’s overbought signal against MACD’s neutral stance and RSI’s lack of confirmation of new highs. Volume also diverges negatively relative to earlier rallies, suggesting cautious optimism.
Conclusion
TPG exhibits bullish momentum above critical moving averages, with potential for upside toward $60–$62.50 if $58 resistance is decisively breached with volume. However, KDJ overbought conditions, weakening volume conviction, and RSI near-extension flags warrant vigilance for pullbacks toward $55.63–$56 support. A sustained break below $55.63 would invalidate the near-term uptrend, exposing the $53.80 Fibonacci and 200-DMA confluence. Probabilistically, the Bollinger squeeze and moving average alignment favor bullish resolution, albeit requiring volume validation to sustain gains.