Basing Setup
Weinstein's Stage 1 — the long, sideways accumulation phase where a stock trades in a choppy range, often below its 30-week MA or as it flattens. This is where smart money quietly builds positions before the Stage 2 breakout. Not a buy yet — but a stock to watch closely.
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How this is measured →Setup Criteria
- › Stock trading in a sideways range, low volatility
- › 30-week MA is flat or just beginning to turn up
- › Volume is low and contracting during the base
- › Relative strength not breaking down vs market
- › Length: weeks to months — longer base = stronger move
Do NOT buy yet — wait for the Stage 2 breakout above the range on volume.
N/A during Stage 1 — this is a watchlist / monitoring pattern.
Worked Example
VGT — flagged as a Basing on Oct 27, 2026 (score 55). 26 weekly bars with the 10-week SMA.
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Historical detection shown for education — not a current recommendation.
What Happened Next
Forward returns after the scanner first flagged a Basing (score ≥ 70, gatekeeper passed, one signal per base) — computed from stored daily bars, no lookahead. 32 historical signals.
| After | Median Return | % Positive | Sample |
|---|---|---|---|
| 5 sessions | -1.0% | 34.4% | 32 |
| 10 sessions | -1.4% | 39.3% | 28 |
| 20 sessions | -2.9% | 31.8% | 22 |
| 40 sessions | -1.3% | 38.9% | 18 |
Median best move inside 40 sessions: +5.3% · median worst drawdown: -5.7%. Past scanner behavior does not guarantee future outcomes. Not investment advice.
Today's Basing Setups — 9 found
| Ticker | Setup score | RS score | Trend |
|---|---|---|---|
| AME AMETEK, Inc. | 55 | 63 | — |
| EG Everest Group, Ltd. | 55 | 63 | ✓ |
| FAST Fastenal Company | 55 | 73 | ✓ |
| GWW W.W. Grainger, Inc. | 55 | 76 | ✓ |
| IEX IDEX Corporation | 55 | 70 | ✓ |
| QQQ | 55 | 62 | — |
| TRV The Travelers Companies, Inc. | 55 | 85 | ✓ |
| VGT | 55 | 78 | — |
| XLV | 55 | 73 | ✓ |
All Basing Matches — 9 in the latest scan
Every match from the latest run, annotated with the detector's rails. Click any card for the full chart and trade plan.
