Eben@CANSLIM ResearchZions Bancorporation (ZS) is trading at 164.54 and has slipped into a Stage 3 topping phase, churning around its 30-week moving average with that average now sloping lower. The market’s focus is on a deep 64.9% base spanning 43 weeks, a structure historically prone to elevated failure rates, with no VCP contraction or volume dry-up to support a breakout. Sentiment is cautious and deteriorating, with the trend template passing only 2 of 8 checks and price sitting 51.1% below its 52-week high.
Technical Analysis
As of 2026-09-11 · Close $164.54
Stage Analysis
Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: -1.84%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 64.9%, length 43 weeks, pivot $336.27. Base formed from 2025-11-03 (left-side high) to 2026-09-11, with the low of $118.05 set on 2026-04-10
⚠️ Faulty cup warning: the base is 64.9% 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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