SRNGU (Soaring Eagle, NASDAQ) +12.61% intraday 02 Feb 2026: Oversold bounce

SRNGU stock jumped to $11.97 on intraday trade on 02 Feb 2026, up 12.61% from yesterday’s close on a volume surge of 589,824 shares. This intraday move follows a technical oversold bounce setup after a low-open at $10.64, and volume above the 3-month average points to short-covering or renewed interest in the SPAC structure. We look at valuation, chart cues, and Meyka AI’s short-term forecasts to assess whether today’s bounce can extend.