AGX Stage 3 Topping: Deep Base Faulty, Price below Key MAs

Posted on by Eben@CANSLIM Research
AGX daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 3 (Topping), as of September 01, 2026 at 01:05 — CANSLIM Research

AGX is exhibiting a Stage 3 topping pattern, with price churning around the 30-week moving average after a sharp decline. The technical setup is cautious, as the stock has formed a faulty deep base with a 47.1% depth, indicating elevated failure risk. With the price below its 50-day and 200-day moving averages and sentiment deteriorating, the market is focused on the lack of a valid breakout and continued downside pressure.

As of 2026-08-31 · Close $422.44

Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: 4.83%)

⚠️ Faulty cup warning: the base is 47.1% 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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