TOST has reversed lower

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Forensic Technicals: TOST rolls over, negating bullish setup

Toast (TOST), a relatively new issue from late 2021, has rolled over after failing to confirm a bullish technical setup. The stock initially staged a double-bottom base off the 2022 and 2023 lows and then broke out in late May 2025 from a consolidation dating back to late 2024. A bullish flag breakout in July added to the constructive picture.

However, TOST failed to follow through toward its upside targets — 55 from the consolidation and 58–62 from the bull flag. A decisive break below 41–40 has negated the bullish setup.

What’s next?

If TOST sustains the loss of 40–41, where former support has turned into resistance, the stock faces deeper downside risk toward 30, with a potential retest of the April low near 28 not ruled out. Deteriorating 13-, 26-, and 40-week moving averages between 40.00–42.73 also create a technical overhang.

Chart 1: Toast Inc. (TOST)