Uptrend Under Pressure 100
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 100/100 · 7 distribution days (SPY) Oct 26 Full briefing →
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EQIX · Equinix, Inc.

$967.65 +1.32% Oct 26 close
Detected setup Basing · Setup Score 81/100

Stand aside — setup invalidated

Setup score 81, but price closes below stop $982.85 — stand aside until the condition resets.

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$EQIX

Equinix, Inc.

Equinix, Inc. is a large-cap Real Estate Investment Trusts company in the Finance sector with a market cap of $95B.

Finance Real Estate Investment Trusts stock Stage 1 · Basing Base 1
$967.65 latest close
Market Structure
Trend structure: downtrend
Latest event: structure_shift (bullish)
Resistance 987.79–995.13 · 7 touches · strong
Resistance 1097.44–1107.15 · 4 touches · moderate
Resistance 1049.29–1054.54 · 4 touches · moderate
Resistance 1027.94–1032.08 · 3 touches · moderate
Resistance 1038.44–1045.00 · 3 touches · moderate
Momentum Turn Watch
Bollinger Lower-Band Support Price ($967.65) is holding just above the lower Bollinger band ($950.49; %B 16) — support at the bottom of the bands.
Early technical context only. Wait for price, volume, and the canonical setup trigger to confirm; this signal does not change readiness or the setup score.
Historical record

No active setup in the latest scan — this page shows the last detection Legend AI made for $EQIX. Every level, score and criterion below is computed from the Oct 26 close session (latest session), and may no longer hold.

Historical verdict · setup score 81/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 81, but price closes below stop $982.85 — stand aside until the condition resets.

Recent price action · daily
$1,000$1,100AugSepOct$968

What would change this verdict

What needs to turn for this to become buyable — the top failing checks across the legend council:

  • Minervini 1.1 Price > 150-day MA AND 200-day MA — Price $967.65, MA150 $1044.84, MA200 $1006.37
  • Minervini 1.4 50-day MA > 150-day MA AND 200-day MA — MA50 $1027.97, MA150 $1044.84, MA200 $1006.37
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 72
  • O'Neil A: Annual earnings & revenue quality — Rev +5.4% | ROE 10.0%
  • Weinstein Price above 30-week MA (200-day proxy) — Price $967.65 vs MA200 $1006.37
  • Weinstein Volume expansion above average — Volume ratio 1.37x
Minority view — the council disagrees here
  • Minervini: avoid Trend-template read: fails Price > 150-day MA AND 200-day MA.
  • O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
65 Strong
Legend Score · rates the stock Strong (65/100) — held back by eps growth

Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.

  • Relative Strength (25%) 72
  • Trend Template (25%) 100
  • Institutional Footprint (20%) 59
  • EPS Growth (15%) 30
  • Quality (SMR-like) (15%) 38

RS rank 72: above-average strength. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 59: neutral — no clear institutional conviction. EPS up +0% — growing, but below the 25% leadership bar. Quality 38: weak fundamentals (sales growth 30, return on equity 40, leverage 60). Updated 2026-10-07.

Earnings

Pre-earnings setup

Next earnings Tuesday, October 27, 2026 Report time not confirmed by the source

Deterministic evidence

EQIX+1.32%
Sector proxy · XLF+0.21%
Broad market · SPY+0.71%
Same completed session window ending 2026-10-26. EQIX was +1.11 points vs XLF. +0.61 points vs SPY.
CatalystPending Stock reactionPositive Sector reactionWeak Opening surgePending Event riskEarnings-driven

Session internals Strong momentum

Rule: closed up, at or above the open, in the top third of the day's range. Judged on internals, not on the size of the move.

Vs prior close+1.32% From the open+1.40% Range position81% GapNo gap
QQQ confirmationConfirming (+1.11%) SMH confirmationConfirming (+2.74%)
Short-term conviction -1 points.
  • A sourced earnings report is still pending inside the risk window; ordinary technical conviction is reduced until it is out.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $967.65 +1.3% Oct 26 close
52W High $1128.68 14.3% below high
Wks Since High 25w
Base Depth 17.5%
RS Rank 40 percentile of scan
SMA 50 $1027.97
Avg Vol 521,847
Rel Vol (Oct 26) 1.37× 0.87× on up days
More stats
52W Low $720.62
Tight Wks 0
Base B1
SMA 200 $1006.37
RS Line vs High -14.6%
RS Line Slope -1.7% ▼
Group Rank #46/65
ADR% 2.7%
ATR(14) $30.03 (3.1%)
Vol Pace (live) N/A
A/D Days 16A / 16D
A/D Rating C
VDU Bars 0/10 d
Earnings TODAY
Position in 52-week range 61stpercentile of the 52-week range
$720.62low
$1128.68high

EQIX Chart

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Technical Analysis Report Card

$EQIX · $967.65 · as of 2026-10-26 · multi-factor read
16
/ 100
Technicals 16/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▼ Downtrend
Weekly ▼ Downtrend
Monthly ▼ Downtrend

Moving Averages

50-day$1027.97 ↓
100-day$1039.60 ↓
200-day$1006.37 ↓
Bullish (50 > 200)

RSI (14)

Reading39.3 · Bearish

Bearish momentum — sellers in control.

MACD (12/26/9)

StateBearish
Histogram-4.716

Bearish — MACD below its signal line and below zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width16% · 10.5%

Near the lower band — under pressure or oversold.

Volume · Buyer vs Seller

Up/Down vol0.87 · Neutral
Rel volume1.37×
Pocket pivots · 10d0
5d vs 50d vol120%
Heavy vol up / down0 / 1

Balanced — up/down volume is roughly even; no clear hand. Recent volume is expanding versus its baseline.

  • 1 heavy-volume down day vs 0 up in the last 20 sessions — supply is showing.

Support & Resistance

R · $1053.84swing level
R · $1066.51swing level
R · $1106.63swing level
Price · $967.65now
S · $720.6252-week low

Fibonacci · Downtrend swing

23.6% ◄ price here$976.70
38.2%$1004.85
50.0%$1027.60
61.8%$1050.35
78.6%$1082.74

Retracement resistance zones measured from the recent swing high down to the low.

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Daily downtrendWeekly downtrendMonthly downtrendBelow 200-day MA50/200 bullish
Want this read in a legend's voice? Ask a Legend about EQIX
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (81/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.

Council consensus: 6 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Avoid D Trend-template read: fails Price > 150-day MA AND 200-day MA.

partialRule check says AVOID (7/13 checks passed) — Trend-template read: fails Price > 150-day MA AND 200-day MA.

Passing evidence
1.2 150-day MA > 200-day MAMA150 $1044.84 vs MA200 $1006.37
1.7 Price within 25% of 52-week high14.3% below 52-week high
Failing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $967.65, MA150 $1044.84, MA200 $1006.37
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $1027.97, MA150 $1044.84, MA200 $1006.37
7/13 checks
O'Neil Avoid D CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).

partialRule check says AVOID (3/8 checks passed) — CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).

Passing evidence
C: Quarterly EPS acceleration ≥ 25%+32.4% QoQ
N: Near 52-week high or RS line new high14.3% below high | RS line new high: False
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 72
A: Annual earnings & revenue qualityRev +5.4% | ROE 10.0%
3/8 checks
Weinstein Watch C Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

mediumStage 2 uptrend in progress — hold as long as price stays above the 30-week moving average.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
30-week MA trending upwardFrom weekly scan context
Failing evidence
Price above 30-week MA (200-day proxy)Price $967.65 vs MA200 $1006.37
Volume expansion above averageVolume ratio 1.37x
5/7 checks
dennis Watch B Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $931.20
Volatility-unit sizing (1N ≈ 1% of equity)1N = $28.72 (2.97% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
6/8 checks
zanger Avoid C Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Not extended (≤5% above the breakout point)Measured as passing
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $1,112.80-$1,161.18; trail the rest
Failing evidence
Named Zanger pattern onlyBasing is not one of Zanger's six
Breakout volume 1.5-2.0x averageNot confirmed
4/6 checks
zweig Watch D Zweig read: part of his screen passes but not all: Reasonable price for the growth (P/E ≤ 35); Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
EPS growth above the market (≥15% QoQ)+32.4% QoQ — Zweig wants growth above the S&P average
Price strength (RS ≥ 70)RS score 72 — Zweig buys strength, not bargains
Failing evidence
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 70.3x — no PEG or forward P/E stored
Insider buyingNo insider buying flagged
3/8 checks
Livermore Watch B Pivotal-point read: 5/6 structural checks pass; awaiting volume confirmation.
Passing evidence
Price$967.65
Relative strengthRS 72
Failing evidence
Pivotal point cleared on expanding volumeNot confirmed
5/6 checks
Darvas Watch B Box-theory read: 5/6 structural checks pass; awaiting volume confirmation.

mediumBuilding the top of the box (7.2% from 52W high) — watch for a box breakout with volume expansion.

Passing evidence
Price$967.65
Relative strengthRS 72
Failing evidence
Box top broken on heavy volumeNot confirmed
5/6 checks
Wyckoff Watch B Supply-and-demand read: 5/6 structural checks pass; awaiting volume confirmation.
Passing evidence
Price$967.65
Relative strengthRS 72
Failing evidence
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
5/6 checks
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▼ Falling
103RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -8 C
A: 12 D: 20 Net: -865 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 3/7 met
C 3/7 criteria
Separate score from the Minervini Trend Template (5/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
✓ EPS acceleration ≥25% QoQ +32%
✗ Revenue growth ≥20% YoY +5%
✓ Gross margin ≥30% 51%
✗ ROE ≥17% 10%
✗ RS rating ≥80 (leadership) 72
✗ Stage 2 uptrend (Weinstein) Stage 1
✓ Within 25% of 52W high -14.3%

Method Playbook

Trade it like Zweig EXACT LEVELS · PRO
Zweig D · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the stock's recent consolidation high — Zweig buys strength in screened growers, not breakdowns.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Buy only when the growth screen passes: EPS growth above the market, PEG ≤ 1.5 (reasonable for the growth), insider buying, and RS leadership.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Define the loss before entry — Zweig's risk rule. Sell when the growth story breaks: earnings decelerate or the valuation stretches past reason.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Hold winners as long as earnings keep growing and the price holds its trend; sell half on a climax run.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when EPS growth falls below the market, the PEG stretches past reason, insiders stop buying — or the Super Model flips the market to defensive.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Pattern Analysis (historical)

81 setup score
RS Score 72
Trend template 5/8
CANSLIM 70.9* (B)
base type: Flat Base depth: 0.109 duration weeks: 12.0 tightness: 0.0239 near pivot: ✓ base volume ratio: 0.87 validation reason: valid basing setup multi tf evaluated: ✓ multi tf reason: weekly trend template 4/8 confirmed + no fresh 13-week low
Why This Setup?
Basing · schematic

Flat Base: depth=10.9%, 12w, tightness=0.024, near_pivot=yes | Strong trend (8/8) | Good RS (72) | Moderate pattern (65%) | Stage 2 | Readiness 68/100 (watch) | CANSLIM 70.9 (B)

The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

3/7 universals met
  • A relative-strength leader — not met RS rank 40 — laggard
  • Clear of earnings — not met in 0 days — event risk
  • In a confirmed uptrend — partly met Stage 1 · Trend template 5/8 — not yet Stage 2
  • Volume confirms — partly met 0.7× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • Not chasing (in range) — met Met — levels are a Pro detail
  • Risk is defined — met Met — levels are a Pro detail
Why these seven? → The Universal Edge

Minervini Trend Template

5/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $967.65 vs SMA150 $1044.84 / SMA200 $1006.37
SMA 150 above SMA 200 SMA150 $1044.84 vs SMA200 $1006.37
SMA 200 trending up Slope +24.18 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $1027.97
Price above SMA 50 $967.65 vs SMA50 $1027.97
30%+ above 52-week low +34.3% from $720.62
Within 25% of 52-week high -14.3% from $1128.68
RS score above 70 RS 72

Fundamentals

52W Range
61%
Mkt Cap SEC
95.5B
EPS QoQ
+32%
Rev YoY
+5%
ROE
10%
Gross Margin
51%
D/E
1.50
EPS TTM
$13.76
P/E TTM
70.3x
Float
99M
Insider
No Buy

Company

Company profile
Equinix, Inc.
EQIX · NASDAQ · Finance · Real Estate Investment Trusts
O'Neil · Grade Card
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B 70.9* CANSLIM * disqualified on M
C · Curr. EPS
100
A · Annual EPS
65
N · New Highs
100
S · Supply/Demand
70
L · Leader RS
72
I · Inst. Spons.
50
M · Market
30

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
4/8
W. RS
57
W. Support
$984.11
W. Resist
$1128.68
Weekly Structure

Scan History

Sep 22: 82 (Darvas Box)Sep 23: 84 (Darvas Box)Sep 23: 84 (Darvas Box)Oct 07: 55 (Basing)Oct 06: 55 (Basing)Oct 07: 81 (Basing)81
Oct 07
Basing ✓ Gate
81
Oct 06
Basing
55 -7.6%
Oct 07
Basing
55 -6.2%
Sep 23
Darvas Box ✓ Gate
84 -6.7%
Sep 23
Darvas Box ✓ Gate
84 -6.7%
Sep 22
Darvas Box ✓ Gate
82 -8.6%

Latest News

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