Venture Global Extends Rally 4.98% With Bullish Technical Signals Emerging

Venture Global (VG) advanced 0.70% in the latest session, extending its winning streak to three days with a cumulative 4.98% gain. This recovery follows a volatile downtrend from the January 2025 peak of $24.00 to recent lows near $11.36 in early June. The analysis below synthesizes key technical perspectives using the provided data.
Candlestick Theory
Recent price action reveals bullish reversal signals. The three consecutive up-days culminating on August 22nd form a "three white soldiers" pattern, suggesting strong buying pressure after VG rebounded from critical support near $12.38 (August 18th low). This level now serves as immediate support. Resistance is noted at $13.11 (August 22nd high), with a break potentially targeting the $13.64–$13.71 gap from August 13–14. The August 15th collapse (–8.90% on high volume) established a major resistance zone near $13.75, reinforced by the June 23rd breakdown candle.
Moving Average Theory
The 50-day and 100-day moving averages remain in bearish alignment below the 200-day MA, confirming the dominant downtrend. However, short-term momentum is improving as the price trades above the 20-day MA. The 50-day MA (~$14.00) poses immediate overhead resistance, while the 200-day MA (~$15.50) defines the long-term bearish threshold. A golden cross formation would require sustained recovery above the 50-day MA, currently unconfirmed.
MACD & KDJ Indicators
The MACD histogram is rising above its signal line in negative territory, signaling weakening bearish momentum. Concurrently, the KDJ shows a bullish crossover with the %K line (currently ~60) crossing %D upwards from oversold territory. While not yet overbought (KDJ <70), this agreement between MACD and KDJ implies growing upside potential. However, these signals require validation through resistance breaches.
Bollinger Bands
Volatility contraction is evident as the bands narrowed significantly in August following the July–June expansion phase. Price currently trades near the upper band ($12.98), indicating short-term overextension. A decisive close above the upper band could accelerate gains toward $13.75, while rejection here may trigger consolidation near the mid-band ($12.40).
Volume-Price Relationship
The rally’s sustainability is challenged by declining volume: the initial surge on August 13th (+11.99% on 14.3M shares) dwarfed the recent 4.98% advance on average 5.4M shares. This divergence suggests weak institutional participation. Supportive volume emerged at the August 18th low ($11.92), but confirmation requires volume expansion above the 10-day average (~6M shares) on upward moves.
Relative Strength Index (RSI)
The 14-day RSI at 58 resides in neutral territory, having rebounded from oversold conditions (<30) in early August. This recovery lacks overbought warnings (RSI <70), leaving room for additional upside. However, the RSI’s lower high versus price’s higher low in July created a bullish divergence, foreshadowing the current rebound.
Fibonacci Retracement
Applying Fibonacci to the June 3rd low ($11.36) and June 20th high ($19.01) identifies key retracement levels. The recent rebound stalled near the 23.6% retracement ($13.20), aligning with the August 22nd high ($13.11). Confluent resistance emerges at the 38.2% level ($14.23), which intersects with the 50-day MA and the July 30th swing high.
Confluence & Divergences
Confluence exists at $13.64–$13.75, where Fibonacci resistance, the August 15th breakdown point, and the 50-day MA converge. A decisive close above this zone would signal trend reversal potential. Notable divergence appears between price recovery and dwindling volume, warranting caution. The MACD/KDJ bullish alignment supports near-term upside, but failure at $13.11 resistance may trigger profit-taking toward $12.38 support.
Probabilistic Outlook
VG’s technical structure suggests a counter-trend bounce within a broader downtrend. The bullish candlestick formation and oscillator improvements favor testing $13.64–$13.75 resistance. However, the volume discrepancy and moving average hierarchy imply limited upside beyond $14.23 without fundamental catalysts. Traders should monitor volume confirmation on breakout attempts, while breach of $12.38 would invalidate the rebound thesis.