Chart pattern

UVV chart pattern — Universal

1 formation detected on the latest close (Nov 06, 2026).

Descending Channel · Weekly candles

BearishForming
UVV Descending Channel on weekly chart
Last close$39.41
Trigger$36.36 (-7.7%)
Upper boundary$43.00
Lower boundary$36.36
Pattern spanAug 14, 2026 → 12 bars
Touches4
Fit score65/100

A steady downtrend held between two parallel falling lines. Trigger: A close above the upper rail is the first real sign the downtrend is ending. A close below the lower rail is capitulation. Invalidation: A sustained close above the upper rail.

Automated detection for education and research; not a recommendation. Levels are drawn from split-adjusted daily prices.