Eben@CANSLIM ResearchVEEV is holding above its rising 30-week moving average, keeping the long-term uptrend intact despite a 50.5% deep base that has developed over 44 weeks. The market is focused on the faulty base pattern, which carries an elevated failure rate, but the constructive sentiment and recent bull-flag action suggest buyers are still in control. With price 20% off its high and no confirmed breakout, traders await a decisive move above the 306.22 pivot.
Technical Analysis
As of 2026-08-25 · Close $244.51
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 1.15%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 50.5%, length 44 weeks, pivot $306.22. Base formed from 2025-10-07 (left-side high) to 2026-08-25, with the low of $151.43 set on 2026-04-10
- Bull Flag after a 40.7% run, currently 3.2% off the flag high
⚠️ Faulty cup warning: the base is 50.5% 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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