NVDA forms Cup Base near highs; Stage 2 uptrend intact

Posted on by Eben@CANSLIM Research
NVDA 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

NVIDIA (NVDA) is consolidating in a 12-week Cup Base with a 19.3% depth, currently trading 4.8% below its pivot at 235.47. The stock remains in a Stage 2 advancing trend, holding above a rising 30-week moving average, with 7 of 8 trend-template checks passing. Overall sentiment is bullish, reflecting an offensive setup despite the relative strength line lagging its three-month high.

Technical Analysis

As of 2026-08-12 · Close $224.09

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 2.21%)

Detected Patterns — What the Market Is Watching

  • Cup Base — depth 19.3%, length 12 weeks, pivot $235.47. Base formed from 2026-05-14 (left-side high) to 2026-08-12, with the low of $190.01 set on 2026-07-29

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