NBIS Jumps +7.01% on Strong Support Rebound
$NEBIUS(NBIS)$
NEBIUS (NBIS) Jumps +7.01%: Strong Rebound from Support, Eyes $100 Pivot
Latest Close Data
Closed at $97.87 (+7.01%) on Jan 28. This marks a significant rebound from yesterday's close of $91.46, but remains -30.6% below its 52-week high of $141.10.
Core Market Drivers
The strong rebound was supported by net positive capital flow for the day, with total inflows slightly exceeding outflows. The stock has demonstrated resilience, bouncing firmly from the immediate support level.
Technical Analysis
Volume was solid at 11.67M shares (Volume Ratio: 0.87). The 6-day RSI surged from 31.7 to 50.7, indicating a swift exit from near-oversold conditions and renewed buying momentum. However, MACD remains negative (-1.23), suggesting the broader trend is still in a corrective phase, though the DIF line shows signs of stabilization.
Key Price Levels
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Primary Support: $93.53 (Today's Low). A break below could target the $91.5 area.
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Immediate Pivot: $97.9 (Previous Resistance). Sustained trading above this level is key for further upside.
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Strong Resistance: $100.0 (Psychological & Pre-market High). A decisive break above could open the path towards $105.
Valuation Perspective
The stock trades at a high TTM P/E of 113.0 and a P/S of 67.8, indicating a premium valuation that prices in significant future growth expectations, common for high-growth tech names.
Analyst Targets
Coverage is bullish. 9 analysts have an average price target of $140.37 (43% upside), with a high of $211. Recommendations are heavily skewed towards Buy (8 Buy vs. 2 Hold).
Weekly Outlook
Expect consolidation near the $97.9-$100 pivot zone. A successful hold above $97.9 could lead to a test of $105. Failure to hold $97.9 may see a retest of support near $94-$93.5.
Risk Disclaimer
This content is for informational purposes only and not financial advice. The cryptocurrency and tech sectors are highly volatile. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before trading.
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