FIVE in Stage 2 uptrend, bull flag forms near highs with 6% shallow base

Posted on by Eben@CANSLIM Research
FIVE daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 2 (Advancing), as of September 01, 2026 at 01:09 — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

Five Below (FIVE) is trading at $248.26, holding firmly in a Stage 2 advancing trend above a rising 30-week moving average. The market is focused on a freshly formed bull flag pattern, with a shallow 6% pullback over the past week following a 30.5% run, suggesting consolidation rather than distribution. Overall sentiment is bullish, as the stock sits just 5.5% off its 52-week high and passes six of eight trend-template checks, though the lack of a confirmed breakout keeps the setup in a watch-and-confirm phase.

Technical Analysis

As of 2026-08-31 · Close $248.26

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 4.08%)

Detected Patterns — What the Market Is Watching

  • Bull Flag after a 30.5% run, currently 5.5% off the flag high

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