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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EWJ

$94.28 +0.19% Oct 26 close
Detected setup Basing · Setup Score 55/100

Stand aside — setup invalidated

Setup score 55, but price closes below stop $94.63 — stand aside until the condition resets.

1 independent risk warning also present. Review before relying on the bullish setup.

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Switch to Advanced for indicator panels, raw grades, provenance, drawing tools, and full technical tables.

$EWJ

etf Stage 2 · Advancing Base 2
$94.28 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bearish)
Inside 94.05–95.36 · 8 touches · strong
Support 89.08–89.59 · 5 touches · strong
Support 82.92–83.60 · 4 touches · moderate
Support 86.00–86.60 · 4 touches · moderate
Support 83.85–84.54 · 3 touches · moderate
Momentum Turn Watch
Bollinger Lower-Band Support Price ($94.28) is holding just above the lower Bollinger band ($93.28; %B 15) — 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.
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Historical record

No active setup in the latest scan — this page shows the last detection Legend AI made for $EWJ. 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 55/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 55, but price closes below stop $94.63 — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$95.00$100AugSepOct$94.28

What would change this verdict

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

  • Minervini 1.5 Price > 50-day MA — Price $94.28 vs MA50 $96.63
  • Minervini 1.8 RS rank ≥ 70 (prefer ≥ 85) — RS rank 67
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 67
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Volume expansion above average — Volume ratio 0.80x
  • Dennis S1: 20-day Donchian breakout
Minority view — the council disagrees here
  • Minervini: avoid Trend-template read: fails Price > 50-day MA.
  • O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 1 supporting checks need improvement.
64 Neutral
Legend Score · rates the stock Neutral (64/100) — held back by institutional footprint

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%) 67
  • Trend Template (25%) 75
  • Institutional Footprint (20%) 66
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 67: above-average strength. Trend template 6/8: passes the uptrend screen, structure intact. Institutional score 66: mild accumulation. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-14.

Price $94.28 +0.2% Oct 26 close
52W High $99.98 5.7% below high
Wks Since High 2w
Base Depth 6.5%
RS Rank 29 percentile of scan
SMA 50 $96.63
Avg Vol 3,826,994
Rel Vol (Oct 26) 0.80× 0.66× on up days
More stats
52W Low $79.47
Tight Wks 8 5 today
Base B2
SMA 200 $91.59
RS Line vs High -9.1%
RS Line Slope -2.8% ▼
ADR% 0.9%
ATR(14) $1.15 (1.2%)
Vol Pace (live) N/A
A/D Days 11A / 15D
A/D Rating E
VDU Bars 0/10 d
Position in 52-week range 72ndpercentile of the 52-week range
$79.47low
$99.98high

EWJ Chart

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Technical Analysis Report Card

$EWJ · $94.28 · as of 2026-10-26 · multi-factor read
33
/ 100
Technicals 33/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▼ Downtrend
Weekly ▬ Sideways / consolidating
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$96.63 ↓
100-day$95.01 ↓
200-day$91.59 ↑
Bullish (50 > 200)

RSI (14)

Reading38.6 · Bearish

Bearish momentum — sellers in control.

MACD (12/26/9)

StateBearish
Histogram-0.349

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

Bollinger Bands (20,2)

%B / Width15% · 6.9%

Near the lower band — under pressure or oversold.

Volume · Buyer vs Seller

Up/Down vol0.66 · Distribution
Rel volume0.8×
Pocket pivots · 10d1
5d vs 50d vol104%
Heavy vol up / down3 / 1

Distribution — volume is concentrated on down days; sellers dominate. Recent volume is easing versus its baseline.

  • Pocket pivot 3 sessions ago — up-day volume beat every down day of the prior 10 sessions.
  • 3 heavy-volume up days vs 1 down in the last 20 sessions.

Support & Resistance

R · $94.81swing level
R · $97.52swing level
R · $99.44swing level
Price · $94.28now
S · $91.45swing level
S · $89.37swing level
S · $86.12swing level

Fibonacci · Uptrend swing

23.6%$97.41
38.2%$95.82
50.0% ◄ price here$94.53
61.8% ◄ price here$93.25
78.6%$91.42

Retracement support zones measured from the recent swing low up to the high.

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Daily downtrendAbove 200-day MA50/200 bullishVolume distribution
Want this read in a legend's voice? Ask a Legend about EWJ
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 (55/100, 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 B Trend-template read: fails Price > 50-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $94.28, MA150 $93.01, MA200 $91.59
1.2 150-day MA > 200-day MAMA150 $93.01 vs MA200 $91.59
Failing evidence
1.5 Price > 50-day MAPrice $94.28 vs MA50 $96.63
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 67
Not applicable
2. Quarterly EPS growth ≥ 25%No single-company earnings — not applicable to ETFs
2. ROE ≥ 17%No single-company earnings — not applicable to ETFs
2. Revenue growth ≥ 20% YoYNo single-company earnings — not applicable to ETFs
7/9 checks
Method → Playbook → Ask →
O'Neil Avoid D CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).

partialRule check says AVOID (2/6 checks passed) — CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).

Passing evidence
N: Near 52-week high or RS line new high5.7% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 1.22%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 67
M: Market in confirmed uptrendMarket phase: uptrend_under_pressure
Not applicable
C: Quarterly EPS acceleration ≥ 25%No single-company earnings — not applicable to ETFs
A: Annual earnings & revenue qualityNo single-company earnings — not applicable to ETFs
2/6 checks
Method → Playbook → Ask →
Weinstein Watch B Stage-analysis read: Stage 2 is present; 1 supporting checks need improvement.

mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $94.28 vs MA200 $91.59
Failing evidence
Volume expansion above averageVolume ratio 0.80x
6/7 checks
Method → Playbook → Ask →
dennis Watch C 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 $93.50
Volatility-unit sizing (1N ≈ 1% of equity)1N = $1.27 (1.34% 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
5/7 checks
Method → Playbook → Ask →
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 $108.42-$113.14; trail the rest
Failing evidence
Named Zanger pattern onlyBasing is not one of Zanger's six
Breakout volume 1.5-2.0x averageData unavailable
4/6 checks
Method → Playbook → Ask →
zweig Watch D Zweig read: part of his screen passes but not all: Price strength (RS ≥ 70) — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Breadth momentum: 10-day A/D ratio10-day A/D 1.17 (2025 adv / 1725 dec) — participation expanding
4% Model (breadth proxy)63% of universe above 50-day — broad strength (adapted from Ned Davis 4% Model)
Failing evidence
Price strength (RS ≥ 70)RS score 67 — Zweig buys strength, not bargains
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
Not applicable
EPS growth above the marketNo single-company earnings — not applicable to ETFs
Reasonable price for the growthNo single-company earnings — not applicable to ETFs
Insider buyingNo single-company earnings — not applicable to ETFs
2/5 checks
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$94.28
Distance from 52-week high5.7% below high
Failing evidence
Relative strengthRS 67
Volume vs average0.80x
3/6 checks
Method → Playbook → Ask →
Darvas Watch B Box-theory read: constructive evidence is present, but relative strength is unresolved.

mediumStock is at the top of its box — Darvas would wait for a decisive breakout on volume.

Passing evidence
Price$94.28
Distance from 52-week high5.7% below high
Failing evidence
Relative strengthRS 67
Volume vs average0.80x
3/6 checks
Method → Playbook → Ask →
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$94.28
Distance from 52-week high5.7% below high
Failing evidence
Relative strengthRS 67
Volume vs average0.80x
3/6 checks
Method → Playbook → Ask →
Base & Breakout
Breakout follow-through

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.

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▼ Falling
101RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -2 E
A: 12 D: 14 Net: -265 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/3 met · earnings criteria N/A for ETFs
A 2/3 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 N/A
– Revenue growth ≥20% YoY N/A
– Gross margin ≥30% N/A
– ROE ≥17% N/A
✗ RS rating ≥80 (leadership) 67
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -5.7%

Method Playbook

Trade it like Livermore EXACT LEVELS · PRO
Livermore 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: Treat the resistance break as a pivotal point only while the primary trend and relative strength remain aligned.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Wait for price and volume to confirm the pivotal-point break; anticipation below the line is not confirmation.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Place the initial stop below the pivotal line or the reaction low that would prove the breakout false.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Raise protection beneath successive higher reaction lows as the trend advances; never move a protective line farther away.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when price fails the pivotal line, breaks the latest meaningful reaction low, or shows abnormal reversal action.
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)

Basing ⚠ Momentum stall (RS not confirming) ⚠ Not actionable yet
55 setup score
RS Score 67
Trend template 5/8
CANSLIM 66.5* (B)
base type: Flat Base depth: 0.109 duration weeks: 12.0 tightness: 0.0247 near pivot: ✓ base volume ratio: 0.988 validation reason: valid basing setup multi tf evaluated: ✓ multi tf reason: weekly trend template 6/8 confirmed + no fresh 13-week low
Why This Setup? D+W Confluence
Basing · schematic

Flat Base: depth=10.9%, 12w, tightness=0.025, near_pivot=yes | Moderate trend (6/8) | Good RS (67) | Moderate pattern (65%) | Volume drying up (bullish) | Stage 2 | Tight base (8 tight wks) | Readiness 60/100 (early) | CANSLIM 66.5 (B) | ⚠ Momentum stall (RS not confirming); Not actionable yet

Ask a Legend ▾
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.

4/7 universals met
  • A relative-strength leader — not met RS rank 29 — laggard
  • Clear of earnings — partly met Report date unknown
  • Volume confirms — partly met 0.5× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • In a confirmed uptrend — met Stage 2 · Trend template 5/8
  • 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 $94.28 vs SMA150 $93.01 / SMA200 $91.59
SMA 150 above SMA 200 SMA150 $93.01 vs SMA200 $91.59
SMA 200 trending up Slope +1.47 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $96.63
Price above SMA 50 $94.28 vs SMA50 $96.63
30%+ above 52-week low +18.6% from $79.47
Within 25% of 52-week high -5.7% from $99.98
RS score above 70 RS 67

Fundamentals

52W Range
72%
Insider
No Buy

Company

Company profile
EWJ
EWJ
Track all markets on TradingView
O'Neil · Grade Card
ETF checklist — N, S, L, M only
B 66.5* CANSLIM * disqualified on M
C · Curr. EPS
N/A
A · Annual EPS
N/A
N · New Highs
100
S · Supply/Demand
70
L · Leader RS
67
I · Inst. Spons.
N/A
M · Market
30
ETFs hold baskets of stocks — earnings and insider criteria don't apply. This grades new highs, supply/demand, relative-strength leadership, and market direction instead.

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
6/8
W. RS
64
W. Support
$86.12
W. Resist
$99.98
W. Patterns
Cup & Handle Base Breakout Basing
Weekly Structure

Scan History

Oct 09: 75 (Wyckoff SOS)Oct 10: 55 (Basing)Oct 12: 55 (Basing)Oct 13: 55 (Basing)Oct 14: 55 (Basing)55
Oct 14
Basing ✓ Gate
55
Oct 13
Basing ✓ Gate
55 -3.1%
Oct 12
Basing ✓ Gate
55 -3.1%
Oct 10
Basing ✓ Gate
55 -3.1%
Oct 09
Wyckoff SOS ✓ Gate
75 -3.7%

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