CODI: Symmetrical Triangle detected on 7 Aug 2026

CODI is forming a symmetrical triangle after consolidating between 9.94 and 9.98, currently sitting at 10.77 with a breakout score of 13/15. Structure score of 10/15 indicates a moderate triangle setup, while volume of 11/12 shows relative liquidity. The pattern suggests convergence toward an apex, with the measured move target at 11.26 representing a 4.5% upside. The overall pattern quality score of 77 reflects a viable but not exceptional setup. RSI at 56.14 indicates neutral momentum—neither overbought nor oversold—supporting continued consolidation before resolution.

CODI is scheduled to report second quarter 2026 earnings on August 10, 2026 after market close, creating an imminent catalyst just three days from the detection date. This earnings announcement directly impacts the timing and credibility of the current consolidation pattern, as investors may be holding positions ahead of results. TD Cowen resumed coverage with a Buy rating on July 16, 2026, while an analyst called for strategic review, suggesting mixed sentiment. The company advanced settlement of its Lugano liquidation plan in June 2026, indicating ongoing portfolio restructuring. The stock's 7.16% gain over one week and modest 6.85% monthly return reflect cautious buying interest ahead of earnings, while the 3-month loss of 7.31% shows the stock is recovering from weakness.

A successful breakout above 9.98 resistance on above-average volume (>614,828 shares) would target the conservative measure of 11.26, representing 4.5% upside from current levels. The pattern structure suggests the apex is approaching; breakout confirmation typically requires a close above resistance with volume exceeding the 20-day average. The invalidation level sits at key support of 9.94; closure below this price negates the triangle setup. Historical win probability of 63.65% indicates better-than-even odds, though the moderate structure score of 10/15 suggests the pattern is not pristine. Volatility of 3.71% ATR provides room for the move within normal trading ranges.

Earnings on August 10, 2026 represent acute risk within three days of this detection, with potential for significant price gapping if results disappoint or guidance disappoints. Mixed analyst sentiment—with both Buy and strategic-review calls—indicates uncertainty about fundamental direction. The stock's low structure score of 10/15 raises questions about triangle validity; weak prior patterns detected (double bottom with 24.0 score, bullish pennant with 27.0 score) suggest the stock has struggled to establish clean technical setups. Beta of 0.74 offers downside protection, but current positioning 14.79% below 52-week highs signals underlying weakness. Volume ratio of 0.93 shows below-average participation, reducing breakout credibility if the pattern does resolve.

We scan more than 6,000 NYSE and NASDAQ stocks every trading day and compare each detected pattern against a database of 370,000+ historical detections. Every setup is scored across three dimensions: Structure, Volume, and Breakout Readiness. Win probability is a calibrated estimate of how similar historical setups performed over the following 10 trading days. This is a swing trading tool built for multi-day holds. It is not built or tested for day trading.