NBIS support zone 240 hit

Support zone: close above is a hit. Close on the level is a push. Graded on the regular-session close.

A support zone is a price below the market where a large amount of options positioning sits. The idea is that this positioning can slow a move down there, so the test is simple: does the stock close above it? When it was posted at 10:29 ET, NBIS traded at 248.13, 3.4% above the support zone. On the same map, the next level above was 250 and the next level below was 230. See the original post.

Price traded through the support zone during the session (first 5-minute close on the wrong side at 4 PM ET), with a low of 221.07 and a high of 254.43. In the last hour price moved down 31.62, from 252.70 to 221.07.

The regular-session close was 249.78, 9.78 (4.08%) above the support zone at 240. Under the rule (support zone: close above is a hit), that is a hit.

Nebius reversed the prior day's decline and broke above the 250 area; coverage found no new fundamental news that day beyond its recent Inferize acquisition and customer commitments. NBIS finished the day up 7.4%, while SPY was up 0.5%.

• Invezz: Nebius stock jumps as technical breakout puts $250 level in focus
• MarketBeat: Nebius Group shares climb 7.4%