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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ILMN · Illumina, Inc.

$271.04 +0.60% Oct 26 close
Detected setup Trend Only · Setup Score 88/100

Stand aside — setup invalidated

Setup score 88, but distribution days reach 5 or more — stand aside until the condition resets.

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$ILMN

Illumina, Inc.

Illumina, Inc. is a large-cap Medical Specialties company in the Health Technology sector with a market cap of $41B.

Health Technology Medical Specialties stock Stage 2 · Advancing Base 2
$271.04 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bullish)
Support 137.00–138.06 · 4 touches · moderate
Support 150.20–151.34 · 3 touches · moderate
Momentum Turn Watch
Bollinger Squeeze Bollinger band width (10.6%) 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.
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 88/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 88, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$200$250$300AugSepOct$271

What would change this verdict

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

  • Minervini 2. Quarterly EPS growth ≥ 25% — -14.8% QoQ
  • Minervini 2. Revenue growth ≥ 20% YoY — -0.7% YoY
  • O'Neil C: Quarterly EPS acceleration ≥ 25% — -14.8% QoQ
  • O'Neil S: Base tightness (ATR% ≤ 4.5%) — ATR% 4.97%
  • Weinstein Volume expansion above average — Volume ratio 0.45x
  • Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
Minority view — the council disagrees here
  • Minervini: watch Trend-template read: 8/10 pass; wait for the soft misses to improve.
  • O'Neil: avoid CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
  • 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 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%) 98
  • Trend Template (25%) 100
  • Institutional Footprint (20%) 43
  • EPS Growth (15%) 30
  • Quality (SMR-like) (15%) 44

RS rank 97: top 3% of all stocks — true leadership. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 43: neutral — no clear institutional conviction. EPS -0% last quarter — no earnings momentum. Quality 44: weak fundamentals (sales growth 30, return on equity 41, leverage 100). Updated 2026-10-27.

Earnings

Pre-earnings setup

Next earnings Wednesday, October 28, 2026 After market close Exact clock time not supplied by source

Deterministic evidence

ILMN+0.60%
Sector proxy · XLV+0.00%
Broad market · SPY+0.71%
Same completed session window ending 2026-10-26. ILMN was +0.60 points vs XLV. -0.11 points vs SPY.
CatalystPending Stock reactionPositive Sector reactionWeak Opening surgePending Event riskEarnings-driven

Session internals Mixed

Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.

Vs prior close+0.60% From the open+0.50% Range position56% 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 $271.04 +0.6% Oct 26 close
52W High $309.35 12.4% below high
Wks Since High 3w 2w today
Base Depth 10.6% 17.9% today
RS Rank 95 percentile of scan
SMA 50 $243.41
Avg Vol 2,956,992
Rel Vol (Oct 26) 0.45× 1.41× on up days
More stats
52W Low $94.00
Tight Wks 0
Base B2
SMA 200 $173.52
RS Line vs High -6.6%
RS Line Slope -0.5% ▼
Group Rank #20/66
ADR% 5.3%
ATR(14) $13.46 (5.0%)
Vol Pace (live) N/A
A/D Days 9A / 7D
A/D Rating B
VDU Bars 0/10 d
Power Trend 30d
Earnings tomorrow
Position in 52-week range 82ndpercentile of the 52-week range
$94.00low
$309.35high

ILMN Chart

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Technical Analysis Report Card

$ILMN · $271.04 · as of 2026-10-26 · multi-factor read
86
/ 100
Technicals 86/100
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 ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$243.41 ↑
100-day$213.39 ↑
200-day$173.52 ↑
Bullish (50 > 200)

RSI (14)

Reading55.5 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateWeakening
Histogram-2.259

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

Bollinger Bands (20,2)

%B / Width47% · 10.6%
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 vol1.41 · Neutral
Rel volume0.45×
Pocket pivots · 10d0
5d vs 50d vol60% · Dry-up
Heavy vol up / down0 / 0

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

  • Volume dry-up — the last 5 sessions averaged 60% of normal; sellers have gone quiet.

Support & Resistance

R · $309.3552-week high
Price · $271.04now
S · $254.00swing level
S · $200.01swing level
S · $186.64swing level

Fibonacci · Uptrend swing

23.6% ◄ price here$268.13
38.2%$242.62
50.0%$222.01
61.8%$201.40
78.6%$172.05

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

The verdict is free. The trade plan is Pro.
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Weekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishRS 97 (leader)
Want this read in a legend's voice? Ask a Legend about ILMN
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 (88/100, 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: 7 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Watch B Trend-template read: 8/10 pass; wait for the soft misses to improve.

partialMonitor Trend Only for tighter volatility contraction before entry. SEPA Grade B (5/7).

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $271.04, MA150 $187.68, MA200 $173.52
1.2 150-day MA > 200-day MAMA150 $187.68 vs MA200 $173.52
Failing evidence
2. Quarterly EPS growth ≥ 25%-14.8% QoQ
2. Revenue growth ≥ 20% YoY-0.7% YoY
8/10 checks
Method → Playbook → Ask →
O'Neil Avoid D CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
Passing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 97
A: Annual earnings & revenue qualityRev -0.7% | ROE 34.0%
Failing evidence
C: Quarterly EPS acceleration ≥ 25%-14.8% QoQ
S: Base tightness (ATR% ≤ 4.5%)ATR% 4.97%
3/8 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 $271.04 vs MA200 $173.52
Failing evidence
Volume expansion above averageVolume ratio 0.45x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 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 $254.00
Volatility-unit sizing (1N ≈ 1% of equity)1N = $13.11 (4.84% 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 $311.70-$325.25; trail the rest
Trail on the 10/20-day MA10-day MA $269.67 · 20-day MA $271.78 — exit the remainder on a close below the trail
Failing evidence
Named Zanger pattern onlyTrend Only 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: EPS growth above the market (≥15% QoQ); 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
Price strength (RS ≥ 70)RS score 97 — Zweig buys strength, not bargains
Breadth momentum: 10-day A/D ratio10-day A/D 1.17 (1995 adv / 1699 dec) — participation expanding
Failing evidence
EPS growth above the market (≥15% QoQ)-14.8% QoQ — Zweig wants growth above the S&P average
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 49.7x — no PEG or forward P/E stored
3/8 checks
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$271.04
Relative strengthRS 97
Failing evidence
Volume vs average0.45x
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.

partialConsolidating within the box (12.4% from 52W high) — patience until it approaches the prior high.

Passing evidence
Price$271.04
Relative strengthRS 97
Failing evidence
Volume vs average0.45x
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$271.04
Relative strengthRS 97
Failing evidence
Volume vs average0.45x
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?

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▼ Falling
242RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +8 B
A: 20 D: 12 Net: +865 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 5/7 met
B 5/7 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 -15%
✗ Revenue growth ≥20% YoY -1%
✓ Gross margin ≥30% 67%
✓ ROE ≥17% 34%
✓ RS rating ≥80 (leadership) 97
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -12.4%

Method Playbook

Trade it like Zanger EXACT LEVELS · PRO
Zanger D · Avoid — The deterministic methodology check is Avoid; wait until the blocking criteria are resolved.
Pivot
Pro level
Published-method rule: Use the breakout point of a named pattern (flat base, bull flag, ascending triangle, cup and handle, double bottom, symmetrical triangle).
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Buy the breakout day on 150-200% of average volume. Never pay more than 5% above the breakout point.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Set the stop 2-3% below entry and sell on bad price action before it is even hit.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Sell 20-30% of the position at +15-20% from the breakout, then trail the rest on the 10/20-day moving average.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Out on a break of the 10/20-day MA, a failed breakout back below the pivot, or a reversal pattern — winners are held, laggards are sold fast.
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

Trend Only
88 setup score
RS Score 97
Trend template 8/8 ✓
Why This Setup?
Trend Only · schematic

Gatekeeper 8/8 | Strong trend (8/8) | Top RS (97) | Volume drying up (bullish) | Power Trend | Stage 2

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.

2/7 universals met
  • Clear of earnings — not met in 1 days — event risk
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.5× average — light
  • A relative-strength leader — met RS rank 95
  • In a confirmed uptrend — met Stage 2 · Trend template 8/8
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 $271.04 vs SMA150 $187.68 / SMA200 $173.52
SMA 150 above SMA 200 SMA150 $187.68 vs SMA200 $173.52
SMA 200 trending up Slope +13.53 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $243.41
Price above SMA 50 $271.04 vs SMA50 $243.41
30%+ above 52-week low +188.3% from $94.00
Within 25% of 52-week high -12.4% from $309.35
RS score above 70 RS 97

Fundamentals

52W Range
82%
Mkt Cap SEC
40.9B
EPS QoQ
-15%
Rev YoY
-1%
ROE
34%
Gross Margin
67%
D/E
0.73
EPS TTM
$5.45
P/E TTM
49.7x
Float
151M
Insider
No Buy

Company

Company profile
Illumina, Inc.
ILMN · NASDAQ · Health Technology · Medical Specialties
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Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
8/8
W. RS
100
W. Support
$119.14
W. Resist
$309.35
Weekly Structure

Scan History

20× streak
Oct 23: 85 (Trend Only)Oct 23: 85 (Trend Only)Oct 23: 87 (Trend Only)Oct 26: 86 (Trend Only)Oct 27: 88 (Trend Only)88
Oct 27
Trend Only ✓ Gate
88
Oct 26
Trend Only ✓ Gate
86 0.0%
Oct 23
Trend Only ✓ Gate
87 +0.6%
Oct 23
Trend Only ✓ Gate
85 +0.6%
Oct 23
Trend Only ✓ Gate
85 +0.6%

Latest News

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