WULF: Double Bottom detected on 26 Oct 2026

TeraWulf forms a double bottom chart pattern at 10.35 support with current price near 11.32, positioned 9.37% above its 52-week low. The pattern structure scores a perfect 15.0 with strong volume confirmation (12.0 out of 12) and solid breakout quality (13.0 out of 13), reflecting textbook pattern formation. Overall score of 68.0 indicates a mature, tradeable setup. RSI at 34.86 shows oversold conditions, supporting potential reversal. Conservative target sits at 11.89, just 5% above current levels, with resistance at 18.08.

TeraWulf recently expanded its revolving credit facility to $400 million as of October 23, 2026, bolstering liquidity for data center expansion. The company continues shifting from bitcoin mining to AI/HPC infrastructure, anchored by a 20-year Anthropic lease generating approximately $19 billion in contracted revenue. Q2 2026 revenue of $44.8 million trailed expectations slightly, reflecting ongoing build-out phase. Morgan Stanley reiterated an Overweight rating with a $65 target on October 19, 2026, implying 475% upside; TD Cowen launched coverage with a Buy rating. The Kentucky Public Service Commission approved 482 MW of power for Justified Data Campus in August 2026. Q3 earnings are scheduled for November 6, 2026, offering near-term catalyst.

A successful double bottom breakout above 11.89 would target the neckline resistance near 18.08, representing measured move potential of approximately 60% from current levels. Win probability of 66.53% suggests pattern reliability. Volume confirmation needed at breakout levels; current volume ratio of 0.95x is slightly below average but acceptable. Invalidation occurs at key support of 10.35—a close below this level negates the double bottom thesis and signals breakdown risk. The pattern's high structure and volume scores (15.0 and 12.0) support mean-reversion credibility.

Stock has declined 30.51% over one month and 37.04% over three months, showing severe recent weakness despite bullish sector regime. High beta of 2.41 amplifies volatility; 20-day volatility of 84.97% indicates extreme price swings. MACD histogram at -0.1292 remains negative, suggesting momentum has not yet turned. Recent analyst downgrade: Cantor Fitzgerald cut price target from $37 to $30 on October 16, 2026, contradicting bullish calls. Execution risks remain material—Q2 revenue miss signals challenges ramping infrastructure. Upcoming Q3 earnings on November 6 could deliver negative surprises. Market regime score of -0.2 reflects neutral to weak macro backdrop, potentially limiting upside follow-through despite sector strength.

We scan more than 6,000 NYSE and NASDAQ stocks every trading day and compare each detected pattern against a database of 370,000+ historical detections. Every setup is scored across three dimensions: Structure, Volume, and Breakout Readiness. Win probability is a calibrated estimate of how similar historical setups performed over the following 10 trading days. This is a swing trading tool built for multi-day holds. It is not built or tested for day trading.