Venture Global Tests Key Support At $13.30 Amid Bearish Moving Averages

Candlestick Theory
Venture Global (VG) exhibits notable candlestick patterns suggesting key technical levels. The most recent session closed at $13.65 (+0.37%), forming a small bullish candle after testing the $13.53–$13.77 range. Significant support near $13.00–$13.30 is established from August-September 2025, evidenced by repeated bounces including a hammer on September 8 and a bullish engulfing on September 10. Resistance is evident around $14.00–$14.08 (September 11 wick high) and $16.54 (June 23 high), with recent rejection at $14.00 forming a bearish shooting star. The $13.60–$13.65 zone now acts as immediate consolidation support, validated by multiple closes within this range.
Moving Average Theory
VG’s moving averages reflect persistent bearish pressure. The 50-day MA (approximated at $14.30) caps recent rallies, while the 200-day MA (near $14.80) reinforces the primary downtrend. Price remains below all key MAs (50/100/200), confirming a bearish structure. However, narrowing gaps between shorter-term MAs may signal slowing downward momentum. The 100-day MA (~$14.50) now converges with the September swing high ($14.08), creating a critical resistance cluster. Until VG reclaims the 50-day MA, the trend favors consolidation or downside.
MACD & KDJ Indicators
MACD shows a bullish crossover below zero, suggesting short-term momentum recovery, though still in negative territory. Histogram bars are gradually expanding upward, supporting tentative bullish sentiment. KDJ exhibits mixed signals: the K-line (39) and D-line (42) hover near oversold territory but lack conviction in crossing upward. Recent improvement in KDJ from oversold extremes aligns with the $13.30 rebound. However, both oscillators lack decisive strength, indicating fragile momentum and risk of reversal if selling pressure resumes near resistance.
Bollinger Bands
Bands contracted sharply through August–September 2025, indicating reduced volatility preceding the recent sideways action. Price currently hugs the lower band, reflecting persistent bearish bias but also hinting at potential exhaustion. A close above the 20-period middle band ($13.85) could signal a short-term breakout opportunity. Band expansion on September 10–11 (high volume) validated the $14.08 resistance, while contraction since suggests impending volatility expansion.
Volume-Price Relationship
Volume analysis reveals critical inflection points. The September 10 surge to $13.97 (+5.12%) occurred on 10.2M shares (highest since August), confirming bullish conviction. However, subsequent rejection at $14.00 on elevated volume (Sept 11: 8.9M shares) signaled distribution. Recent sessions show declining volume during consolidation (5.1–6.1M shares), weakening the current bounce’s sustainability. Volume divergence—rising prices on lower volume—during the September 8–10 rally warrants caution.
Relative Strength Index (RSI)
RSI (43) trends upward from oversold levels but remains below neutral (50). It recovered from 29 (Sept 5) to 48 (Sept 10), validating the $13.30 support rebound. Current neutrality suggests balanced momentum, but failure to breach 50 could precede renewed selling. Bearish divergence emerged in early September as price made higher highs while RSI peaked lower, warning of exhaustion. Oversold conditions in late August (RSI: 28) triggered the rally to $14.08, demonstrating its utility for reversals when combined with price structure.
Fibonacci Retracement
Applying Fibonacci to the June 23–August 15 downtrend ($16.54–$12.49), key retracement levels are: 23.6% ($13.47), 38.2% ($13.87), and 61.8% ($14.06). The recent rally stalled precisely at the 61.8% level ($14.08). This zone now serves as critical resistance, validated by September’s price rejection. The 23.6% level ($13.47) aligns with the September support cluster, creating a technical confluence. A sustained break above $14.06 would expose the 78.6% level ($14.35).
Confluence & Divergence Summary
Multiple indicators converge at $13.47–$13.50 (23.6% Fibonacci, volume-supported support, Bollinger lower band). Resistance is reinforced at $14.06–$14.10 (61.8% Fibonacci, 100-day MA, prior wick highs). Notable bearish divergences include MACD’s lagging momentum versus price recovery and RSI’s failure to confirm September highs. However, short-term momentum oscillators (KDJ/MACD) suggest tentative bullish pressure. VG’s path of least resistance remains sideways-to-down without a decisive break above $14.10 with volume confirmation. Probable consolidation between $13.30 and $14.00 precedes the next directional catalyst.