TMO Forms 29-Week Cup Base near Pivot; Stage 3 Topping Risk Remains

Posted on by Eben@CANSLIM Research
TMO daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

Thermo Fisher Scientific (TMO) is consolidating in a 29-week Cup Base pattern, with the stock closing at $613.54, just 3.9% below its 52-week high and near the $638.18 pivot. The technical setup is broadly constructive, passing 7 of 8 trend-template checks, including price above key moving averages and a strong relative-strength line.

However, the stock remains in Stage 3 (Topping), with price churning around a slightly declining 30-week moving average, and no VCP contraction sequence has been detected. Sentiment is constructive but awaits a confirmed breakout above the pivot to signal the start of a new advance.

As of 2026-08-19 · Close $613.54

Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: -0.6%)

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