NTNX Stage 2 Uptrend Intact but Deep 57.6% Base Signals Caution

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

Nutanix (NTNX) is holding above a rising 30-week moving average, confirming a Stage 2 advancing trend with price 95% above its 52-week low. However, the current base is a deep 57.6% decline over 48 weeks, a pattern with an elevated failure rate, and the stock remains 17.3% off its high. The overall sentiment is constructive but awaiting confirmation, as the market focuses on whether this deep base can resolve into a breakout without a clear VCP contraction sequence.

As of 2026-08-25 · Close $67.1

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 6.72%)

⚠️ Faulty cup warning: the base is 57.6% 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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