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DRI Holds Flat Base With 227.68 Pivot as Stage 2 Uptrend Stays Intact

Posted on by Eben@CANSLIM Research
DRI 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 21, 2026 at 00:07 — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

Darden Restaurants (DRI) is trading at 209.28 within a five-week Flat Base that has carved a shallow 9.2 percent depth, with the pivot set at 227.68. The stock remains in a Stage 2 advancing phase above a rising 30-week moving average, and price contractions of 6.4 and 5.7 percent hint at tightening action even though volume has not yet dried up enough to confirm a VCP. Sentiment is constructive, with the market awaiting a breakout above the pivot for confirmation.

Technical Analysis

As of 2026-09-18 · Close $209.28

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 0.64%)

Detected Patterns — What the Market Is Watching

  • Flat Base — depth 9.2%, length 5 weeks, pivot $227.68. Base formed from 2026-08-12 (left-side high) to 2026-09-18, with the low of $206.74 set on 2026-09-17
  • Price contractions present (6.4% → 5.7%) but 20-day volume is still 88.8% of the 50-day average — needs ≤60% to qualify as a confirmed VCP

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