Bending Spoons stock jumped to $36.22 this week, buoyed by its confirmed Airtable acquisition and a fresh 500 million euro loan backed by SACE. The climb tested a session high of $37.35. But underneath the rally, technical gauges are flashing caution.
The RSI14 stands at 75.72, deep in overbought territory. More troubling, the MACD has rolled negative. The MACD line sits at 5.2, below its signal at 6.13, with a histogram reading minus 0.93. Price keeps climbing. Momentum is fading. That gap between movement and impulse is textbook late-stage rally territory.
Price is now wedged against the daily Bollinger upper band at $36.26. The stock trades miles above its moving averages, EMA20 at 30.64, EMA50 at 20.49. That spread from short-term to long-term tells the story, a sustained aggressive uptrend. But gains this sharp invite technical pushback.
The 15-minute chart shows compression. Hourly momentum still points up. Yet something has to give. Resistance sits at $37.54. If that fails to hold, support lands at $34.71. The ATR14 reading of 2.2 suggests volatility could spike either direction fast.
This analysis is informational only and should not be taken as investment advice. Cryptocurrency and equity markets carry significant risk.
