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September Rally Tested by Overbought Signals

September Rally Tested by Overbought Signals

Volato Group, Inc. stock (SOAR) staged a sharp rally on September 28, closing at $0.38 on nearly 8.9 million shares. Price surged above short-term moving averages yet remains below the 200-day EMA at $0.41. That gap is now the central tension.

SOAR daily chart with EMA20, EMA50 and volume
SOAR — daily chart with candlesticks, EMA20/EMA50 and volume.

Key takeaways

  • SOAR closed at $0.38 on September 28, with volume surging to nearly 8.9 million shares — one of the sharpest moves of the year.
  • The daily and hourly RSI both read deep into overbought territory at roughly 76.9 and 76.7, signaling elevated pullback risk.
  • Price remains below the 200-day EMA at $0.41, meaning the longer-term trend has not yet confirmed the breakout.
  • Zacks initiated coverage with a Neutral rating on…

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