Eben@CANSLIM ResearchTesla (TSLA) remains entrenched in a Stage 4 decline, trading at $342.27, well below its declining 30-week moving average. The stock has failed all eight trend-template checks, with price sitting 30.1% off its 52-week high and only 14.7% above the low. The current 33-week base is classified as a deep, faulty pattern with a 39.1% depth, and no VCP or bullish flag is detected, reinforcing a bearish outlook.
Technical Analysis
As of 2026-08-14 · Close $342.27
Stage Analysis
Stage 4 (Declining) — Price below a declining 30-week MA — downtrend (30-week MA 6-week slope: -4.89%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 39.1%, length 33 weeks, pivot $489.88. Base formed from 2025-12-16 (left-side high) to 2026-08-14, with the low of $298.32 set on 2026-07-29
⚠️ Faulty cup warning: the base is 39.1% 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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