GEV Forms 7-Week Cup Base, Bullish Stage 2 Uptrend Intact

Posted on by Eben@CANSLIM Research
GEV 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

GEV is advancing within a Stage 2 uptrend, holding above a rising 30-week moving average. The stock has constructed a 7-week Cup Base with a 23.4% depth, currently trading 9.5% below its pivot at 1174.86. Overall sentiment is bullish, supported by a strong trend template and an offensive setup, though the relative strength line is not yet at a 3-month high.

Technical Analysis

As of 2026-08-14 · Close $1063.25

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 6.81%)

Detected Patterns — What the Market Is Watching

  • Cup Base — depth 23.4%, length 7 weeks, pivot $1174.86. Base formed from 2026-06-30 (left-side high) to 2026-08-14, with the low of $900.28 set on 2026-07-29
  • Price contractions present (16.6% → 2.8%) but 20-day volume is still 89.5% of the 50-day average — needs ≤60% to qualify as a confirmed VCP

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