Eben@CANSLIM ResearchOUST is trading at $48.71, holding above a rising 30-week moving average within a Stage 2 advance, with 7 of 8 trend-template checks passing. However, the market is focused on a faulty deep-base pattern — a 49.9% decline over seven weeks with no confirmed breakout — which historically carries an elevated failure rate. Sentiment is constructive but cautious, as the stock awaits a decisive move above the $62.52 pivot to validate the setup.
Technical Analysis
As of 2026-08-14 · Close $48.71
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 9.5%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 49.9%, length 7 weeks, pivot $62.52. Base formed from 2026-06-30 (left-side high) to 2026-08-14, with the low of $31.3 set on 2026-07-29
- Price contractions present (23.1% → 11.9%) but 20-day volume is still 72.4% of the 50-day average — needs ≤60% to qualify as a confirmed VCP
- Power Play candidate (strong momentum, watching for a tight flag to form)
⚠️ Faulty cup warning: the base is 49.9% 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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