Eben@CANSLIM ResearchWorkday (WDAY) is trading at $194.42, entrenched in a Stage 3 topping pattern as price churns around the 30-week moving average with a slightly negative slope. The market is focused on a faulty, deep base (54.6% depth) that has failed to produce a valid breakout, while the trend template passes only 4 of 8 checks, reflecting a weak uptrend structure. Overall sentiment is neutral-to-cautious, with no VCP detected and a bearish tilt from the failed base, suggesting a wait-and-see approach.
Technical Analysis
As of 2026-08-25 · Close $194.42
Stage Analysis
Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: -0.74%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 54.6%, length 46 weeks, pivot $247.69. Base formed from 2025-09-29 (left-side high) to 2026-08-25, with the low of $112.5 set on 2026-04-10
- Power Play candidate (strong momentum, watching for a tight flag to form)
- Bull Flag after a 61.5% run, currently 5.8% off the flag high
⚠️ Faulty cup warning: the base is 54.6% 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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