Eben@CANSLIM ResearchFIGR remains entrenched in a Stage 4 downtrend, trading below a declining 30-week moving average with the price 56.9% below its 52-week high. The current 29-week base is a deep 66.3% correction, a pattern with an elevated failure rate, and no VCP contraction sequence has formed. With only one of eight trend-template checks passing and a bearish sentiment score of -8, the technical picture argues for a defensive stance.
Technical Analysis
As of 2026-08-13 · Close $31.88
Stage Analysis
Stage 4 (Declining) — Price below a declining 30-week MA — downtrend (30-week MA 6-week slope: -10.48%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 66.3%, length 29 weeks, pivot $73.91. Base formed from 2026-01-16 (left-side high) to 2026-08-13, with the low of $24.91 set on 2026-07-31
⚠️ Faulty cup warning: the base is 66.3% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.
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