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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IGV

$111.39 +0.72% Oct 26 close
Detected setup Cup & Handle · Setup Score 55/100

Stand aside — setup invalidated

Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.

3 independent risk warnings 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.

$IGV

etf Stage 2 · Advancing Base 2
$111.39 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bullish)
Support 86.78–87.50 · 4 touches · moderate
Support 106.75–107.30 · 4 touches · moderate
Support 103.48–103.75 · 4 touches · moderate
Support 88.58–89.04 · 3 touches · moderate
Momentum Turn Watch
Bollinger Squeeze Bollinger band width (8.2%) 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.
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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Verdict · setup score 55/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$100$110AugSepOct$111

What would change this verdict

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

  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 75
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Volume expansion above average — Volume ratio 0.63x
  • Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
  • Dennis S1: 20-day Donchian breakout
  • Dennis S2: 55-day Donchian breakout
Minority view — the council disagrees here
  • Minervini: buyable Trend-template read: all 9 measured criteria pass.
  • 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.
69 Strong
Legend Score · rates the stock Strong (69/100) — 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%) 76
  • Trend Template (25%) 100
  • Institutional Footprint (20%) 50
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 75: above-average strength. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 50: neutral — no clear institutional conviction. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-27.

Price $111.39 +0.7% Oct 26 close
52W High $117.76 5.4% below high
Wks Since High 49w
Base Depth 37.2%
RS Rank 47 percentile of scan
SMA 50 $106.45
Avg Vol 8,693,047
Rel Vol (Oct 26) 0.63× 1.52× on up days
More stats
52W Low $73.93
Tight Wks 1
Base B2
SMA 200 $93.85
RS Line vs High -15.0%
RS Line Slope +5.7% ▲
ADR% 2.3%
ATR(14) $2.88 (2.6%)
Vol Pace (live) N/A
A/D Days 17A / 15D
A/D Rating B
VDU Bars 0/10 d
Power Trend 4d
Position in 52-week range 85thpercentile of the 52-week range
$73.93low
$117.76high

IGV Chart

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Technical Analysis Report Card

$IGV · $111.39 · as of 2026-10-26 · multi-factor read
89
/ 100
Technicals 89/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Uptrend
Weekly ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$106.45 ↑
100-day$100.15 ↑
200-day$93.85 ↑
Bullish (50 > 200)

RSI (14)

Reading58.4 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateWeakening
Histogram-0.014

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

Bollinger Bands (20,2)

%B / Width78% · 8.2%
Squeeze — volatility compressing

Mid-band — no directional band edge in play. Bands are squeezing — volatility is compressing, often a precursor to a sharp move.

Volume · Buyer vs Seller

Up/Down vol1.52 · Accumulation
Rel volume0.63×
Pocket pivots · 10d0
5d vs 50d vol73%
Heavy vol up / down0 / 1

Accumulation — volume is concentrated on up days; buyers dominate. Recent volume is easing versus its baseline.

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

Support & Resistance

R · $113.70swing level
R · $117.7652-week high
Price · $111.39now
S · $103.64swing level
S · $100.16swing level
S · $90.23swing level

Fibonacci · Uptrend swing

23.6%$106.76
38.2%$102.47
50.0%$99.00
61.8%$95.52
78.6%$90.58

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

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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishVolume accumulation
Want this read in a legend's voice? Ask a Legend about IGV
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: 1 legend rates this Buyable · 7 watching · 1 avoid.
Minervini Buyable A Trend-template read: all 9 measured criteria pass.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $111.39, MA150 $95.79, MA200 $93.85
1.2 150-day MA > 200-day MAMA150 $95.79 vs MA200 $93.85
Failing evidence
No failing criteria.
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
9/9 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 high5.4% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 2.59%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 75
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 C Stage-analysis read: Stage 2 is present; 2 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 $111.39 vs MA200 $93.85
Failing evidence
Volume expansion above averageVolume ratio 0.63x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
Method → Playbook → Ask →
dennis Watch C Turtle read: no breakout yet. Price is pressing the 20-day high. The system waits for the print; it never anticipates.
Passing evidence
No breakdown below the 20-day channel20-day low $103.57
Volatility-unit sizing (1N ≈ 1% of equity)1N = $2.69 (2.42% 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 Watch B Zanger read: the structure is fine but the breakout quality is not there yet — wait for 150%+ volume on the break.

partialZanger would buy the Cup & Handle breakout only with 150-200% volume, never more than 5% above the breakout point, with a 2-3% stop set at entry. His edge over O'Neil is the exit plan: sell 20-30% of the position at +15-20%, then trail the rest on the 10/20-day moving average.

Passing evidence
Named Zanger pattern onlyCup & Handle
Not extended (≤5% above the breakout point)Measured as passing
Failing evidence
Breakout volume 1.5-2.0x averageData unavailable
5/6 checks
Method → Playbook → Ask →
zweig Watch A Zweig read: passes his full growth screen — earnings growing faster than the market, a price that is reasonable for that growth, insiders buying, and price strength. Super Model timing — timing tailwinds: Breadth momentum, 4% Model (breadth proxy); 2 timing leg(s) lack data.
Passing evidence
Price strength (RS ≥ 70)RS score 75 — Zweig buys strength, not bargains
Breadth momentum: 10-day A/D ratio10-day A/D 1.18 (2050 adv / 1742 dec) — participation expanding
Failing evidence
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
9-to-1 up/down volume daysOnly 17 breadth sessions stored — need 20+ to spot thrust days
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
3/5 checks
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$111.39
Relative strengthRS 75
Failing evidence
Volume vs average0.63x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Darvas Watch B Box-theory read: constructive evidence is present, but volume vs average is unresolved.

mediumBuilding the top of the box (5.4% from 52W high) — watch for a box breakout with volume expansion.

Passing evidence
Price$111.39
Relative strengthRS 75
Failing evidence
Volume vs average0.63x
Box top broken on heavy volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$111.39
Relative strengthRS 75
Failing evidence
Volume vs average0.63x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
4/6 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: Hammer — Long lower shadow with a small body near the high — buyers rejected lower prices. Bullish when it appears at support or after a pullback.

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
85RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -2 B
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 (8/8): 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) 75
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -5.4%

Method Playbook

Trade it like Minervini EXACT LEVELS · PRO
Minervini A · Buyable — The deterministic methodology check is Buyable; the trigger still requires the stated price and volume confirmation.
Pivot
Pro level
Published-method rule: Use the tight base's structural pivot; the setup must retain Trend Template leadership into the trigger.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a decisive move through the pivot with volume confirmation, and do not initiate more than 5% above it.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start at the tighter structural invalidation; the initial loss limit must not exceed roughly 7–8% from entry.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Hold the initial stop until the trade proves itself; near +1R move to breakeven, then trail a higher low or rising 10/21-day average once well extended.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when the structural stop or a meaningful higher-low/short-term trend violation fires; never widen the stop.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Forming Patterns (predictive — not confirmed)

Head & Shoulders bearish forming
75% built

Possible head & shoulders top — not confirmed. Watch for a daily close below ~104.44 (neckline) to confirm, with measured-move risk toward ~95.18. A push back above 111.88 weakens the pattern; reclaiming 113.70 invalidates it.

Confirms below 104.44
Invalidates at 113.70
Left Shoulder 110.57
Head 113.70
Right Shoulder 111.88
Neckline 104.44
Target 95.18

LS 110.57 / head 113.70 / RS 111.88, neckline ~104.44, vol_fading=no

Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.

Pattern Analysis

Cup & Handle Historical replay: +20% before −8% within 40 sessions: 16% (n=376) · source bars 2024-11-01–2026-10-26 · avg +0.3% per setup (+0.03R) ⚠ Volatility widening into breakout ⚠ Bearish RSI divergence ⚠ Not actionable yet
55 setup score
RS Score 75
Trend template 8/8 ✓
CANSLIM 68.8* (B)
18.3% cup depth 8.8% handle
  • Cup 18.3% deep from a $103.23 left rim to a $84.29 low
  • Rims 7.1% apart (ideal, within 10%)
  • Handle pulled back 8.8% over 4 bars from $113.70 to $103.72
  • Handle sits in the upper half of the cup
  • Rounded U-shaped bottom
  • Pivot $113.70 fixed at the handle high
  • No close above the pivot yet
  • Volume dried up in the handle
Raw detector evidence · confidence is a heuristic match score, not a probability depth=18.3%, handle_pb=8.8%, lips_diff=7.1%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (8/8) | Good RS (75) | High-confidence pattern (79%) | Accumulation (1.5× up/dn vol) | Stage 2 | Candle confirmation (bullish) | Readiness 59/100 (early) | CANSLIM 68.8 (B) | ⚠ Volatility widening into breakout; Bearish RSI divergence; Not actionable yet setup_key=cup_handle|2026-06-25|2026-08-31|113.70 · cup_handle/2026-10-03 anchors={"bottom": {"bar": 44, "bars_ago": 85, "date": "2026-06-25", "price": 84.29}, "breakout": null, "handle_high": {"bar": 119, "bars_ago": 10, "date": "2026-10-12", "price": 113.7}, "handle_low": {"bar": 123, "bars_ago": 6, "date": "2026-10-16", "price": 103.72}, "left_lip": {"bar": 29, "bars_ago": 100, "date": "2026-06-03", "price": 103.2285}, "right_lip": {"bar": 90, "bars_ago": 39, "date": "2026-08-31", "price": 110.57}}
Why This Setup? D+W Confluence
cup handle Cup & Handle · schematic

depth=18.3%, handle_pb=8.8%, lips_diff=7.1%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (8/8) | Good RS (75) | High-confidence pattern (79%) | Accumulation (1.5× up/dn vol) | Stage 2 | Candle confirmation (bullish) | Readiness 59/100 (early) | CANSLIM 68.8 (B) | ⚠ Volatility widening into breakout; Bearish RSI divergence; 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 47 — laggard
  • Clear of earnings — partly met Report date unknown
  • Volume confirms — partly met 0.6× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • In a confirmed uptrend — met Stage 2 · Trend template 8/8
  • 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

8/8 ✓

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 $111.39 vs SMA150 $95.79 / SMA200 $93.85
SMA 150 above SMA 200 SMA150 $95.79 vs SMA200 $93.85
SMA 200 trending up Slope +0.22 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $106.45
Price above SMA 50 $111.39 vs SMA50 $106.45
30%+ above 52-week low +50.7% from $73.93
Within 25% of 52-week high -5.4% from $117.76
RS score above 70 RS 75

Fundamentals

52W Range
85%
Insider
No Buy

Company

Company profile
IGV
IGV
Track all markets on TradingView
O'Neil · Grade Card
ETF checklist — N, S, L, M only
B 68.8* 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
75
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
8/8
W. RS
70
W. Support
$82.18
W. Resist
$113.70
W. Patterns
Cup & Handle
Weekly Structure

Scan History

20× streak
Oct 23: 70 (Cup & Handle)Oct 26: 55 (Cup & Handle)Oct 27: 55 (Cup & Handle)55
Oct 27
Cup & Handle ✓ Gate
55
Oct 26
Cup & Handle ✓ Gate
55 0.0%
Oct 23
Cup & Handle ✓ Gate
70 +0.7%

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