Eben@CANSLIM ResearchEntegris (ENTG) is trading at $163.09, holding above a rising 30-week moving average within a Stage 2 advancing trend. The market is focused on a deep base pattern that has formed over the past eight weeks, with a 41.8% depth that historically carries an elevated failure rate.
While the trend template passes seven of eight checks and a bull flag is present, the lack of a confirmed breakout and incomplete volume dry-up keep sentiment constructive but awaiting confirmation.
Technical Analysis
As of 2026-08-17 · Close $163.09
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 5.53%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 41.8%, length 8 weeks, pivot $183.84. Base formed from 2026-06-22 (left-side high) to 2026-08-17, with the low of $107.01 set on 2026-07-29
- Price contractions present (24.9% → 23.6%) but 20-day volume is still 83.5% 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)
- Bull Flag after a 24.8% run, currently 0.4% off the flag high
⚠️ Faulty cup warning: the base is 41.8% 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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