Fibonacci Breaking Resistance Levels with Stocks Testing Key Zones

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TopMomentum identifying companies with top momentum scores. With a focus on highlighting high-momentum stocks and market trends, TopMomentum provides timely updates and insights to help investors capitalize on strong market performers.
 

•  04 Aug 2025
 

•   HTGC  
   
  0.00%
•   NVS  
   
  0.00%
•   RGTI  
   
  0.00%
•   TSEM  
   
  0.00%

When it comes to trading momentum and trend reversals, few tools are as reliable for technical traders as Fibonacci retracement levels, especially the 61.8% and 78.6% retracement zones. These levels often act as key inflection points where price action decides whether to reverse or break out. Today, several stocks are approaching or have broken above major Fibonacci resistance levels and with volume spikes and bullish indicators aligning, they’re demanding a closer look.

SMFG Sumitomo Mitsui has been climbing steadily and now trades at $15.24, just above the key 61.8% retracement level of $14.84. The +1.06% gain today was accompanied by above-average volume at 2.97M vs. the 2.15M average. RSI is hovering at 51.26, which isn’t overbought yet but confirms upward momentum. With a strong technical rating of 3.88 and improving fundamentals, this Japanese banking stock could be positioning for a clean breakout.

TSEM Tower Semiconductor made the biggest move of the day, jumping +14.13% to $50.98—well above its 61.8% retracement level of $42.64. This breakout wasn’t subtle: volume soared to 2.08M, nearly 3x its average, and RSI surged to 65.26. On top of that, the Aroon Down just crossed above Aroon Up, signaling a possible trend reversal confirmation. With earnings beats and strong guidance in the bag, bulls may be just getting started here.

NVS Novartis quietly pushed above its 61.8% retracement level of $112.43, closing at $117.83 on a 2.19% gain. The MACD recently crossed above the signal line, a classic bullish signal, and RSI is sitting at a stable 51.00. Volume was slightly above average, and the stock seems to be forming a bullish continuation setup following strong biotech sector tailwinds and developments in the neuroendocrine prostate cancer treatment space, where Novartis is a key player.

HTGC Hercules Capital is another name to watch. Trading at $19.36, it has just cleared its 61.8% resistance level of $18.14. RSI is nearing overbought at 61.98, but not quite there yet. Volume today came in at 1.36M vs. the average of 1.01M, indicating institutional interest. As a high-yield BDC with improving ratings, HTGC may appeal to income and momentum traders alike.

RGTI Rigetti Computing has exploded past its Fibonacci resistance at $12.65, closing the day at $15.76 with a staggering +11.61% gain. Volume spiked to 49.41M, far above its 42.72M average. RSI is heating up at 57.33, but this is a name that thrives on volatility. With bullish analyst sentiment and a strong technical rating of 3.63, RGTI could be entering a new price discovery phase, especially if the breakout holds into the week.

RBLX Roblox also deserves a nod as it pushes through its 61.8% retracement level at $96.73. It’s now at $130.70, up 4.53% today, with a healthy RSI of 63.36. Volume is high at 13.34M vs. an average of 8.86M. While some analysts are cautious about valuation, the technicals are undeniably strong, and short-term momentum could take this higher.

Bottom Line: For near-term momentum, $TSEM stands out as the most attractive opportunity. Its decisive move above the 61.8% level, fueled by earnings strength and volume, is a textbook bullish breakout. $RGTI also offers exciting near-term potential, especially for aggressive traders, while $NVS and $HTGC offer more steady upside with long-term potential tied to sector trends and consistent fundamentals.