⚠️Uptrend Under PressureSevere risk · 99·Institutional selling is building — 6 distribution days in the last 25 sessions. · 6 distribution days (SPY)Full briefing →Jul 28
Thursday, July 23, 2026Time not confirmed
No sourced report session or clock time
Deterministic evidence
EW+0.65%
Sector proxy · XLV+2.22%
Broad market · SPY-0.54%
Same completed session window ending 2026-07-16.
EW was -1.57 points vs XLV.
+1.19 points vs SPY.
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.
AI interpretation (optional)
Ask a Legend to interpret the evidence only after reviewing the deterministic event timing and relative reaction.
Interpret this evidence
AI output is commentary, not scanner evidence or a sizing recommendation.
Price$87.84Jul 16 close
52W High$96.29-8.8%
52W Low$72.30
Wks Since High1w
Base Depth-10.3%
BaseB2
SMA 50$86.85
SMA 200$83.20
Avg Vol4,923,665
RS Rank33
RS vs High-9.9%
RS Slope+0.0% ▲
Grp Rank#47/64
ADR%2.6%
ATR(14)$2.51 (2.9%)
Rel Vol (today)1.21×
Vol PaceN/A
U/D Vol0.89
A/D Days19A / 15D
A/D RatingA
VDU Bars0/10 d
Earnings
past
$72.30
$96.2965%
EW Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Create a free account to load the full interactive chart for EW.
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 Verdicts6 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.
Council consensus:
🟡 5 of 6 legends are Watching — building, not yet a confirmed buy.
No active breakout tracked — Legend AI monitors daily for pivot-point breaks.
What's a breakout?
🕯 Latest candle: Doji — Open and close nearly equal — indecision. After a strong move it can signal a pause or pending reversal; wait for confirmation.
Separate score from the 8-point Trend Template (6/8): 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.
Wyckoff B · 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 Spring/test, Sign of Strength, creek, or Last Point of Support boundary identified by the active structure. Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a completed test or Sign of Strength/Last Point of Support confirmation with improving demand versus supply. Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start below the Spring/test low or structural support whose failure would invalidate the accumulation read. Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Raise protection beneath successive Last Points of Support or meaningful higher lows during markup; never loosen it. Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on a failed Sign of Strength, support loss, or clear supply-dominant reversal such as an upthrust failure. Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
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$87.84 vs SMA150 $83.97 / SMA200 $83.20
✓
SMA 150 above SMA 200SMA150 $83.97 vs SMA200 $83.20
✓
SMA 200 trending upSlope +1.30 over 20 days
✓
SMA 50 above SMA 150 & 200SMA50 $86.85
✓
Price above SMA 50$87.84 vs SMA50 $86.85
✗
30%+ above 52W low+21.5% from $72.30
✓
Within 25% of 52W high-8.8% from $96.29
✗
RS score above 70RS 30
Fundamentals
52W Range
65%
Mkt Cap SEC
50.6B
EPS QoQ
+34%
Rev YoY
+12%
ROE
11%
Gross Margin
78%
D/E
0.06
EPS TTM
$1.83
P/E TTM
48.0x
Float
576M
Insider
No Buy
Company
Legend AI snapshot
Edwards Lifesciences Corporation
EW · NYSE
· Health Technology
· Medical Specialties