GMAB Cup Base Nears Pivot; Stage 3 Topping Keeps Sentiment Neutral

Posted on by Eben@CANSLIM Research
GMAB 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

GMAB is forming a 30-week Cup Base with a pivot at $35.34, currently trading 3.5% below its 52-week high. The stock is in a Stage 3 topping consolidation around the 30-week moving average, with the trend template only passing 5 of 8 checks due to a flat 200-day MA and weak intermediate-term moving averages. Overall sentiment is neutral, suggesting traders should wait for a decisive breakout above the pivot before committing.

Technical Analysis

As of 2026-08-19 · Close $34.11

Stage Analysis

Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: -1.24%)

Detected Patterns — What the Market Is Watching

  • Cup Base — depth 32.5%, length 30 weeks, pivot $35.34. Base formed from 2026-01-14 (left-side high) to 2026-08-19, with the low of $23.85 set on 2026-06-02

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