Venture Global Stock Surges 8.37% In 3 Days As Technicals Signal Bullish Momentum

Venture Global (VG) has demonstrated notable strength in the most recent session, advancing 3.30% to close at 15.67. This marks the third consecutive day of gains, accumulating an 8.37% increase over this period, with the stock trading between a low of 14.77 and a high of 15.83. This momentum warrants a detailed technical assessment using multiple methodologies.
Candlestick Theory
The current three-white-soldier pattern emerging from the 14.11–14.77 support zone (July 25–29) signals robust bullish momentum, as each session closed near its high. This follows a hammer formation on July 25 (low: 14.11, close: 14.56), which arrested the prior downtrend from the June 23 peak of 19.01. Immediate resistance is observed at 16.30–16.50, aligning with June’s breakdown point and July 22’s high. Sustained closes above 15.83 would reinforce bullish control, while failure to hold 15.17 (July 28 close) may indicate exhaustion.
Moving Average Theory
Price recently reclaimed the 50-day moving average (~15.20), now acting as dynamic support, but remains below the descending 100-day (~16.40) and 200-day (~13.80) averages. The 50-day/100-day death cross in mid-June persists, reflecting intermediate bearish pressure. However, the 50-day’s flattening slope and the 200-day’s upward trajectory suggest underlying strength. A bullish crossover of the 50-day above the 100-day would require consolidation above 16.40.
MACD & KDJ Indicators
The MACD histogram turned positive on July 28 as the signal line crossed upward from a neutral position, confirming building bullish momentum. Concurrently, the KDJ’s %K (84) and %D (78) have entered overbought territory following a bullish crossover near oversold levels three sessions prior. While this alignment supports near-term upside, the KDJ’s overbought readings and MACD’s position near zero-line resistance suggest potential consolidation. Bearish divergence would emerge if prices make new highs without corresponding MACD confirmation.
Bollinger Bands
Price currently tests the upper Bollinger Band (~15.85) amid band expansion, signaling increased volatility and bullish conviction after the bands contracted sharply in mid-July. This breakout from compression supports continuation, though a close above the upper band may invite short-term profit-taking. The middle band (20-day MA, ~15.05) now serves as primary support, with a retest offering a potential entry point if volume accompanies the rebound.
Volume-Price Relationship
The rally’s credibility is reinforced by rising volume, peaking at 11.03M shares on July 28—the highest since June 23’s sell-off. This accumulation phase eclipses the distribution volumes during the July 18–24 decline, confirming buyer commitment. However, resistance tests near 16.30 must coincide with volume exceeding the 20-day average (~5.5M shares) to sustain the breakout.
Relative Strength Index (RSI)
The 14-day RSI reading of 68 approaches overbought territory (>70) but has not yet triggered a warning. Its ascent from a neutral 45 three sessions ago aligns with the price surge, showing no bearish divergence. While momentum favors bulls, an RSI exceeding 70 amid slowing volume may foreshadow consolidation. Traders should monitor for divergence if prices challenge the 16.30 resistance without RSI confirmation.
Fibonacci Retracement
Applying Fibonacci levels to the primary downtrend from the January 24 high of 24.00 to the April 7 trough of 7.00, the 61.8% retracement at 16.95 aligns with the June 20 peak (19.01) pullback resistance. More immediately, the 50% level (15.50) has flipped to support after the recent breakout. The 78.6% retracement at 19.32 represents the next major upside target should 16.95 be breached. This zone converges with the 50-day/100-day MA cluster and historical volume ceilings.
Confluence and Divergence Synthesis
Confluence appears at 16.30–16.50, where Bollinger Band resistance, the 100-day MA, and the June 24 swing high converge. A decisive close above this zone would align bullish momentum (MACD, volume), trend (MA inflection), and retracement (Fibonacci 61.8%) signals. Presently, no significant divergences exist among oscillators, though KDJ overbought conditions and RSI’s proximity to 70 suggest near-term exhaustion risks. The bullish volume signature and candlestick structure tilt probabilities toward upside continuation pending 15.50 support integrity.