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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IWM

$276.99 +0.45% 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.

$IWM

etf Stage 1 · Basing Base 1
$276.99 latest close
Market Structure
Trend structure: downtrend
Latest event: bos (bearish)
Resistance 287.58–292.88 · 10 touches · strong
Support 244.39–246.70 · 5 touches · strong
Resistance 300.39–303.06 · 4 touches · moderate
Support 268.96–270.63 · 4 touches · moderate
Support 258.10–258.39 · 3 touches · moderate
Momentum Turn Watch
Bollinger Squeeze Bollinger band width (4.8%) 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.
Join to Watchlist $IWM Share card
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
$280$300AugSepOct$277

What would change this verdict

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

  • Minervini 1.1 Price > 150-day MA AND 200-day MA — Price $276.99, MA150 $284.54, MA200 $278.33
  • Minervini 1.5 Price > 50-day MA — Price $276.99 vs MA50 $285.85
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 41
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Stage 2 (Advancing phase) confirmed — Stage 1 (Basing)
  • Weinstein Price above 30-week MA (200-day proxy) — Price $276.99 vs MA200 $278.33
Minority view — the council disagrees here
  • Minervini: avoid Trend-template read: fails Price > 150-day MA AND 200-day MA.
  • O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
  • Weinstein: avoid Stage-analysis read: basing (Stage 1) is not an advancing Stage 2.
45 Weak
Legend Score · rates the stock Weak (45/100) — 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%) 41
  • Trend Template (25%) 50
  • Institutional Footprint (20%) 35
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 41: middle of the pack — no leadership yet. Trend template 4/8: mixed — some uptrend elements, some missing. Institutional score 35: mild distribution — sellers active. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-27.

Price $276.99 +0.5% Oct 26 close
52W High $305.18 9.2% below high
Wks Since High 10w
Base Depth 11.4% 11.6% today
RS Rank 6 percentile of scan
SMA 50 $285.85
Avg Vol 22,149,819
Rel Vol (Oct 26) 0.69× 0.86× on up days
More stats
52W Low $228.90
Tight Wks 7
Base B1
SMA 200 $278.33
RS Line vs High -12.0%
RS Line Slope -0.9% ▼
ADR% 1.2%
ATR(14) $3.63 (1.3%)
Vol Pace (live) N/A
A/D Days 9A / 16D
A/D Rating E
VDU Bars 0/10 d
Position in 52-week range 63rdpercentile of the 52-week range
$228.90low
$305.18high

IWM Chart

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Technical Analysis Report Card

$IWM · $276.99 · as of 2026-10-26 · multi-factor read
31
/ 100
Technicals 31/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▼ Downtrend
Weekly ▼ Downtrend
Monthly ▼ Downtrend

Moving Averages

50-day$285.85 ↓
100-day$290.48 ↓
200-day$278.33 ↓
Bullish (50 > 200)

RSI (14)

Reading45.7 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateImproving
Histogram+0.653

Improving — MACD crossed above its signal line but still below zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width50% · 4.8%
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 vol0.86 · Neutral
Rel volume0.69×
Pocket pivots · 10d0
5d vs 50d vol95%
Heavy vol up / down2 / 3

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

  • 3 heavy-volume down days vs 2 up in the last 20 sessions — supply is showing.

Support & Resistance

R · $279.79swing level
R · $287.52swing level
R · $292.88swing level
Price · $276.99now
S · $270.38swing level
S · $228.9052-week low

Fibonacci · Downtrend swing

23.6% ◄ price here$278.21
38.2%$283.36
50.0%$287.53
61.8%$291.70
78.6%$297.63

Retracement resistance zones measured from the recent swing high down to the low.

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Daily downtrendWeekly downtrendMonthly downtrendBelow 200-day MA50/200 bullish
Want this read in a legend's voice? Ask a Legend about IWM
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: 5 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Avoid D Trend-template read: fails Price > 150-day MA AND 200-day MA.
Passing evidence
1.2 150-day MA > 200-day MAMA150 $284.54 vs MA200 $278.33
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $285.85, MA150 $284.54, MA200 $278.33
Failing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $276.99, MA150 $284.54, MA200 $278.33
1.5 Price > 50-day MAPrice $276.99 vs MA50 $285.85
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
N: Near 52-week high or RS line new high9.2% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 1.31%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 41
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 Avoid D Stage-analysis read: basing (Stage 1) is not an advancing Stage 2.
Passing evidence
Not extended from 52-week high (≤ 30% below)9.2% below 52-week high
Failing evidence
Stage 2 (Advancing phase) confirmedStage 1 (Basing)
Price above 30-week MA (200-day proxy)Price $276.99 vs MA200 $278.33
1/6 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 $269.88
Volatility-unit sizing (1N ≈ 1% of equity)1N = $3.64 (1.32% 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 $318.54-$332.39; trail the rest
Trail on the 10/20-day MA10-day MA $274.65 · 20-day MA $277.04 — 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 (1995 adv / 1699 dec) — participation expanding
4% Model (breadth proxy)65% of universe above 50-day — broad strength (adapted from Ned Davis 4% Model)
Failing evidence
Price strength (RS ≥ 70)RS score 41 — 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$276.99
Distance from 52-week high9.2% below high
Failing evidence
Relative strengthRS 41
Volume vs average0.69x
3/6 checks
Method → Playbook → Ask →
Darvas Watch B Box-theory read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$276.99
Distance from 52-week high9.2% below high
Failing evidence
Relative strengthRS 41
Volume vs average0.69x
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$276.99
Distance from 52-week high9.2% below high
Failing evidence
Relative strengthRS 41
Volume vs average0.69x
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: Shooting Star — Long upper shadow with a small body near the low — sellers rejected higher prices. A caution flag when price is extended above a pivot.

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▼ Falling
99RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -10 E
A: 8 D: 18 Net: -1065 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 (4/8): 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) 41
✗ Stage 2 uptrend (Weinstein) Stage 1
✓ Within 25% of 52W high -9.2%

Method Playbook

Trade it like Dennis EXACT LEVELS · PRO
Dennis C · 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 20-day channel high (System 1) or 55-day channel high (System 2) as the breakout trigger.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Buy the breakout print mechanically — no prediction, no hesitation, no chasing below the channel high.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Place the stop at 2N (N = 20-day ATR) below entry, set before the trade and never moved except up on winners.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Add at 0.5N intervals up to 4 units; trail the stop beneath each new add level, never loosen it.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit System 1 at the 10-day low and System 2 at the 20-day low — the exit is part of the system, not a decision.
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

watchlist_candidate
0 setup score
RS Score 41
Trend template 4/8
Why This Setup?
watchlist_candidate · schematic

Near-miss 4/8 — needs: price above sma150 200, price above sma50, price above 30pct of 52w low, 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.

0/7 universals met
  • A relative-strength leader — not met RS rank 6 — 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
  • In a confirmed uptrend — partly met Stage 1 · Trend template 4/8 — not yet Stage 2
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.7× average — light
Why these seven? → The Universal Edge

Minervini Trend Template

4/8

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 $276.99 vs SMA150 $284.54 / SMA200 $278.33
SMA 150 above SMA 200 SMA150 $284.54 vs SMA200 $278.33
SMA 200 trending up Slope +2.50 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $285.85
Price above SMA 50 $276.99 vs SMA50 $285.85
30%+ above 52-week low +21.0% from $228.90
Within 25% of 52-week high -9.2% from $305.18
RS score above 70 RS 41

Fundamentals

52W Range
63%
Insider
No Buy

Company

Company profile
IWM
IWM
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Scan History

20× streak
Oct 23: 0 (watchlist_candidate)Oct 26: 0 (watchlist_candidate)Oct 27: 0 (watchlist_candidate)0
Oct 27
watchlist_candidate
0
Oct 26
watchlist_candidate
0 0.0%
Oct 23
watchlist_candidate
0 +0.4%

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