Eben@CANSLIM ResearchManhattan Associates (MANH) is trading at $196.47, holding above its rising 30-week moving average in a Stage 2 uptrend. The stock has built a 47-week deep base with a 44.9% depth, which carries an elevated failure rate, but a recent bull flag and constructive sentiment suggest potential upside. The market is focused on whether MANH can break above the $219.33 pivot to confirm a breakout, despite the base’s depth and a lack of a VCP pattern.
Technical Analysis
As of 2026-08-17 · Close $196.47
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 1.49%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 44.9%, length 47 weeks, pivot $219.33. Base formed from 2025-09-08 (left-side high) to 2026-08-17, with the low of $120.88 set on 2026-04-10
- Bull Flag after a 38.4% run, currently 3.7% off the flag high
⚠️ Faulty cup warning: the base is 44.9% 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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