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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IBIT

$45.22 -1.61% Oct 26 close
Detected setup watchlist_candidate · Setup Score 0/100

Stand aside — setup invalidated

Setup score 0, but distribution days reach 5 or more — 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.

$IBIT

etf Stage 2 · Advancing Base 1
$45.22 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bullish)
Support 35.29–35.37 · 4 touches · moderate
Resistance 46.37–46.71 · 4 touches · moderate
Support 36.88–37.13 · 3 touches · moderate
Support 42.37–42.50 · 3 touches · moderate
Inside 45.08–45.22 · 3 touches · moderate
Momentum Turn Watch
Bollinger Squeeze + Lower-Band Support Bollinger band width (7.6%) is in the bottom quartile of its last 120 sessions — Legend's width-percentile squeeze (not a TTM/Keltner squeeze), so volatility is compressed and a sharper move often follows. Price ($45.22) is holding just above the lower Bollinger band ($45.15; %B 2) — 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 $IBIT. 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 0/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$40.00$50.00AugSepOct$45.22

What would change this verdict

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

  • Minervini 1.2 150-day MA > 200-day MA — MA150 $41.19 vs MA200 $41.64
  • Minervini 1.5 Price > 50-day MA — Price $45.22 vs MA50 $45.33
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 54
  • O'Neil N: Near 52-week high or RS line new high — 31.5% below high | RS line new high: False
  • Weinstein Volume expansion above average — Volume ratio 0.61x
  • Weinstein Not extended from 52-week high (≤ 30% below) — 31.5% below 52-week high
Minority view — the council disagrees here
  • Minervini: avoid Trend-template read: fails 150-day MA > 200-day MA.
  • O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 4 supporting checks need improvement.
49 Weak
Legend Score · rates the stock Weak (49/100) — 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%) 54
  • Trend Template (25%) 50
  • Institutional Footprint (20%) 40
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 54: middle of the pack — no leadership yet. Trend template 4/8: mixed — some uptrend elements, some missing. Institutional score 40: mild distribution — sellers active. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-26.

Price $45.22 -1.6% Oct 26 close
52W High $65.97 30.3% below high
Wks Since High 49w
Base Depth 49.0% 50.2% today
RS Rank 17 percentile of scan
SMA 50 $45.33
Avg Vol 49,905,914
Rel Vol (Oct 26) 0.61× 0.53× on up days
More stats
52W Low $32.84
Tight Wks 0
Base B1
SMA 200 $41.64
RS Line vs High -36.5%
RS Line Slope -1.9% ▼
ADR% 2.0%
ATR(14) $1.15 (2.5%)
Vol Pace (live) N/A
A/D Days 10A / 6D
A/D Rating A
VDU Bars 0/10 d
Position in 52-week range 37thpercentile of the 52-week range
$32.84low
$65.97high

IBIT Chart

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Technical Analysis Report Card

$IBIT · $45.22 · as of 2026-10-26 · multi-factor read
39
/ 100
Technicals 39/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▬ Sideways / consolidating
Weekly ▬ Sideways / consolidating
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$45.33 ↓
100-day$40.60 ↑
200-day$41.64 ↑
Bullish (50 > 200)

RSI (14)

Reading44.3 · Bearish

Bearish momentum — sellers in control.

MACD (12/26/9)

StateWeakening
Histogram-0.339

Weakening — MACD slipped below its signal line. Histogram contracting.

Bollinger Bands (20,2)

%B / Width2% · 7.6%
Squeeze — volatility compressing

Near the lower band — under pressure or oversold. Bands are squeezing — volatility is compressing, often a precursor to a sharp move.

Volume · Buyer vs Seller

Up/Down vol0.53 · Distribution
Rel volume0.61×
Pocket pivots · 10d0
5d vs 50d vol73%
Heavy vol up / down0 / 0

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

Support & Resistance

R · $46.47swing level
R · $49.30swing level
R · $65.9752-week high
Price · $45.22now
S · $45.11swing level
S · $43.23swing level
S · $42.41swing level

Fibonacci · Uptrend swing

23.6% ◄ price here$45.48
38.2%$43.07
50.0%$41.12
61.8%$39.16
78.6%$36.38

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

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Above 200-day MA50/200 bullishVolume distribution
Want this read in a legend's voice? Ask a Legend about IBIT
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 (0/100, 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 150-day MA > 200-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $45.22, MA150 $41.19, MA200 $41.64
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $45.33, MA150 $41.19, MA200 $41.64
Failing evidence
1.2 150-day MA > 200-day MAMA150 $41.19 vs MA200 $41.64
1.5 Price > 50-day MAPrice $45.22 vs MA50 $45.33
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
3/7 checks
Method → Playbook → Ask →
O'Neil Avoid D CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
Passing evidence
S: Base tightness (ATR% ≤ 4.5%)ATR% 2.54%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 54
N: Near 52-week high or RS line new high31.5% below high | RS line new high: False
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
1/6 checks
Method → Playbook → Ask →
Weinstein Watch D Stage-analysis read: Stage 2 is present; 4 supporting checks need improvement.

partialStage 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)
Price above 30-week MA (200-day proxy)Price $45.22 vs MA200 $41.64
Failing evidence
Volume expansion above averageVolume ratio 0.61x
Not extended from 52-week high (≤ 30% below)31.5% below 52-week high
2/6 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 $45.11
Volatility-unit sizing (1N ≈ 1% of equity)1N = $1.22 (2.70% 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 D 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
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $52.00-$54.26; trail the rest
Trail on the 10/20-day MA10-day MA $46.42 · 20-day MA $46.92 — exit the remainder on a close below the trail
Failing evidence
Named Zanger pattern onlywatchlist_candidate is not one of Zanger's six
Not extended (≤5% above the breakout point)Data unavailable
3/6 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 54 — 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 C Pivotal-point read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$45.22
Detected patternwatchlist_candidate
Failing evidence
Relative strengthRS 54
Volume vs average0.61x
2/6 checks
Method → Playbook → Ask →
Darvas Watch C Box-theory read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$45.22
Detected patternwatchlist_candidate
Failing evidence
Relative strengthRS 54
Volume vs average0.61x
2/6 checks
Method → Playbook → Ask →
Wyckoff Watch C Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$45.22
Detected patternwatchlist_candidate
Failing evidence
Relative strengthRS 54
Volume vs average0.61x
2/6 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
62RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -4 A
A: 10 D: 14 Net: -465 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 1/3 met · earnings criteria N/A for ETFs
C 1/3 criteria
Separate score from the Minervini Trend Template (3/8): 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) 54
✓ Stage 2 uptrend (Weinstein) Stage 2
✗ Within 25% of 52W high -31.5%

Method Playbook

Trade it like O'Neil EXACT LEVELS · PRO
O'Neil D · Avoid — The deterministic methodology check is Avoid; wait until the blocking criteria are resolved.
Pivot
Pro level
Published-method rule: Use the proper base pivot or handle high after CANSLIM leadership and market-direction checks are satisfied.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a breakout through the pivot on volume at least 40% above average; the valid buy zone ends 5% above the pivot.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Use the setup's structural stop with a hard 7–8% maximum-loss ceiling from the actual entry.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Protect progress under constructive support such as the 21-day or 10-week line; a stop may ratchet higher but never lower.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on the hard loss limit, a decisive support break, or a rule-based climax/distribution signal; a normal 20–25% advance is reviewed rather than assumed permanent.
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)

watchlist_candidate
0 setup score
RS Score 54
Trend template 3/8
Why This Setup?
watchlist_candidate · schematic

Near-miss 4/8 — needs: sma150 above sma200, sma200 trending up, price within 25pct of 52w high, rs score above 70

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.

1/7 universals met
  • A relative-strength leader — not met RS rank 17 — laggard
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Clear of earnings — partly met Report date unknown
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.5× average — light
  • In a confirmed uptrend — met Stage 2 · Trend template 3/8
Why these seven? → The Universal Edge

Minervini Trend Template

3/8

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 $45.22 vs SMA150 $41.19 / SMA200 $41.64
SMA 150 above SMA 200 SMA150 $41.19 vs SMA200 $41.64
SMA 200 trending up Slope -0.35 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $45.33
Price above SMA 50 $45.22 vs SMA50 $45.33
30%+ above 52-week low +37.7% from $32.84
Within 25% of 52-week high -31.5% from $65.97
RS score above 70 RS 54

Fundamentals

52W Range
37%
Insider
No Buy

Company

Company profile
IBIT
IBIT
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Scan History

Oct 22: 55 (Golden Cross)Oct 23: 55 (Wyckoff SOS)Oct 23: 55 (Golden Cross)Oct 26: 0 (watchlist_candidate)0
Oct 26
watchlist_candidate
0
Oct 23
Golden Cross
55 -1.6%
Oct 23
Wyckoff SOS
55 -1.6%
Oct 22
Golden Cross
55 -1.8%

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