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SNX Cup with Handle Nears 269.21 Pivot in Stage 2 Uptrend

Posted on by Eben@CANSLIM Research
SNX 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 00:08 — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

SNX is trading at 266.16 within a Stage 2 advancing uptrend, holding above a rising 30-week moving average and passing 7 of 8 trend template checks. The market is focused on a 12-week Cup with Handle base with an 18.8 percent cup depth and a shallow 3.2 percent handle, positioning price just below the 269.21 pivot. Sentiment is bullish, with the stock only 8.1 percent off its 52-week high and an offensive breakout setup in place.

Technical Analysis

As of 2026-09-18 · Close $266.16

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 7.75%)

Detected Patterns — What the Market Is Watching

  • Cup with Handle — depth 18.8%, length 12 weeks, pivot $269.21. Base formed from 2026-06-23 (left-side high) to 2026-09-11, with the low of $235.21 set on 2026-07-07
  • Handle: formed from 2026-09-11 (high $269.21) to 2026-09-16 (low $260.5) — a 3.2% pullback

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