P Holding Uptrend, Constructive Setup Near Highs, Awaiting Breakout

Posted on by Eben@CANSLIM Research
P 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

P is trading at 105.35, maintaining a Stage 2 uptrend above its rising 30-week moving average. The market is focused on the stock’s constructive consolidation near highs, with a shallow 15% pullback over two weeks, though no formal base has formed yet. Overall sentiment is favorable but cautious, as the stock awaits a confirmed breakout above its 118.16 pivot to trigger the next leg higher.

Technical Analysis

As of 2026-08-25 · Close $105.35

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 7.13%)

Detected Patterns — What the Market Is Watching

  • Power Play candidate (strong momentum, watching for a tight flag to form)

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