SILC Forms 12-Week Cup Base, Stage 2 Uptrend Intact Near Pivot

Posted on by Eben@CANSLIM Research
SILC daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

SILC is advancing within a Stage 2 uptrend, holding above a rising 30-week moving average with strong momentum. The stock has constructed a 12-week Cup Base with a 31.5% depth and a pivot at $50.98, currently trading 9.9% below its high. The technical setup is bullish, supported by seven of eight trend-template checks, though the relative strength line has not yet reached a three-month high.

Technical Analysis

As of 2026-08-11 · Close $45.91

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact
(30-week MA 6-week slope: 16.41%)

Detected Patterns — What the Market Is Watching

  • Cup Base — depth 31.5%, length 12 weeks, pivot $50.98. Base formed from 2026-05-14 (left-side high) to 2026-08-11, with the low of $34.92 set on 2026-07-29

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