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Bullish Momentum Meets Overbought Risks

Bullish Momentum Meets Overbought Risks

Twist Bioscience Corporation stock surged 16.1% to close at $184.03 on September 24 — a violent gap-driven repricing from an open of $157.72. The trend is undeniably powerful. Yet overextension risk now sits squarely alongside it.

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

Key takeaways

  • TWST closed at $184.03 on September 24, gaining 16.1% in a gap-driven session from a prior close of $158.50.
  • Daily RSI14 hit 74.39 — firmly overbought — while price closed above the upper Bollinger Band at $177.20.
  • The Lilly TuneLab partnership, announced September 16, provides the fundamental catalyst behind the rally.
  • All three timeframes show bullish EMA stacking but also RSI overbought readings on the daily, hourly,…

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