Swing Trading Plan
Holding Period
1-6 trading days
Expected figures are probability-weighted from our historical pattern database; Trade R:R is measured from the entry, target and stop levels.
Current Setup
FIGS is forming a bull flag pattern with strong structure (14.4/15) and solid volume confirmation (12.0/12), though breakout strength is moderate at 10.6/13. The stock trades at $14.68 between support at $13.56 and resistance at $16.38, now 126% above its 52-week low after a 47.8% one-month rally. The bull flag follows confirmed ascending triangle and bullish pennant patterns (both moderate strength). RSI at 67.58 suggests approaching overbought territory. Overall score of 77 with 73.85% win probability indicates a credible setup within a bullish market regime.
Stock Context
On August 6, 2026, FIGS reported second-quarter results with net revenues rising 28.8% year over year to $196.6 million. Net income surged to $28.4 million and adjusted EBITDA margin expanded to 18.6%, driven by higher order volumes, improved pricing, tariff refunds and operating leverage. FIGS upgraded its full-year 2026 guidance, targeting about 20% revenue growth versus 2025 and an adjusted EBITDA margin of 14.8% to 15.0%. Active customers climbed 13.2% to 3.1 million and net revenues per active customer and average order value both increased. This earnings catalyst and guidance raise—released just three weeks before this pattern detection—directly catalyzed the 31% post-earnings rally, providing fundamental momentum supporting the technical setup.
What to Expect
A successful breakout above $16.38 resistance would target $15.16 conservatively (measured move), though historical bull flag anatomy suggests potential for extended upside given the 47.8% monthly gain preceding pattern formation. The 73.85% win probability indicates this pattern has favorable odds. Volume confirmation would be critical—current volume at 2.9M is 85% of the 20-day average, so elevated volume on the breakout would validate the move. Invalidation occurs below $13.56 support, where the broader trend would break. The pattern expects to resolve within days given the tight consolidation after such a strong advance.
Risk Factors
RSI at 67.58 signals approaching overbought conditions, raising mean-reversion risk. Investors should watch tariff exposure, product mix, and international expansion risks. Despite strong Q2 results, the stock now trades on growth expectations—any guidance miss or macroeconomic slowdown could trigger sharp reversals given the 47.8% monthly run-up. Volume ratio of 0.85 indicates slightly below-average liquidity support. Beta of 0.8 provides some downside cushion, but Consumer Discretionary sector regime at 0.36 is weak relative to the bullish market regime. Next earnings catalyst is unlikely until Q3 results in late 2026, leaving this setup vulnerable to interim profit-taking or sector rotation.
How We Find and Score This Setup
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.
Frequently Asked Questions
Is FIGS a good swing trade?
FIGS scored 77 out of 98 on our bull flag scan, with a 74% historical win probability over a 1-6 trading days hold. Good setup based on our systematic scoring.
What is the entry, target, and stop loss for this setup?
The setup's reference price is $14.68, with a conservative target of $15.16 and a stop loss at $13.87.
What would invalidate this bull flag setup?
A close below the stop loss at $13.87 would invalidate the setup and suggest the pattern has failed.
How is the win probability calculated?
Win probability is a calibrated estimate of how similar historical bull flag setups performed over the following 10 trading days, drawn from a database of 370,000+ historical pattern detections across 6,000+ NYSE and NASDAQ stocks.
Market & Sector Regime
Market
Bullish
0.60
-1.0
0
+1.0
Consumer Discretionary Sector
Bullish
0.36
-1.0
0
+1.0
Other Patterns Detected Today
Ascending Triangle
25 days in pattern
Moderate
28.5
Bullish Pennant
23 days in pattern
Moderate
26.0