Eben@CANSLIM ResearchAnalog Devices (ADI) is advancing within a Stage 2 uptrend, holding above a rising 30-week moving average. The stock has formed an 8-week Cup with Handle base, with a breakout attempt above the 389.93 pivot, but volume has not yet confirmed the move. Overall sentiment is constructive, though traders await a volume-backed close to validate the pattern.
Technical Analysis
As of 2026-08-14 · Close $389.39
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 4.53%)
Detected Patterns — What the Market Is Watching
- Cup with Handle — depth 20.7%, length 8 weeks, pivot $389.93. Base formed from 2026-06-22 (left-side high) to 2026-08-07, with the low of $353.37 set on 2026-07-29
- Handle: formed from 2026-08-07 (high $389.93) to 2026-08-13 (low $381.17) — a 2.2% pullback
- Price contractions present (10.7% → 8.6%) but 20-day volume is still 82.9% of the 50-day average — needs ≤60% to qualify as a confirmed VCP
- Breakout attempt (volume unconfirmed) above $389.93 on 0.47x average volume
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