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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OIH

$402.40 +1.27% Oct 26 close
Detected setup Descending Triangle · Setup Score 66/100

Stand aside — setup invalidated

Setup score 66, but distribution days reach 5 or more — stand aside until the condition resets.

Ask about OIH

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

$OIH

etf Stage 1 · Basing Base 1
$402.40 latest close
Market Structure
Trend structure: downtrend
Latest event: bos (bearish)
Support 365.60–369.07 · 6 touches · strong
Support 390.08–394.17 · 5 touches · strong
Momentum Turn Watch
Bollinger Squeeze Bollinger band width (7.3%) 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.
Verdict · setup score 66/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 66, but distribution days reach 5 or more — stand aside until the condition resets.

Recent price action · daily
$400AugSepOct$402

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 $402.40, MA150 $405.57, MA200 $395.84
  • Minervini 1.4 50-day MA > 150-day MA AND 200-day MA — MA50 $402.04, MA150 $405.57, MA200 $395.84
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 70
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Stage 2 (Advancing phase) confirmed — Stage 1 (Basing)
  • Weinstein Volume expansion above average — Volume ratio 0.86x
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.
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%) 70
  • Trend Template (25%) 75
  • Institutional Footprint (20%) 64
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 70: above-average strength. Trend template 6/8: passes the uptrend screen, structure intact. Institutional score 64: mild accumulation. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-27.

Price $402.40 +1.3% Oct 26 close
52W High $459.28 12.4% below high
Wks Since High 21w
Base Depth 22.3%
RS Rank 35 percentile of scan
SMA 50 $402.04
Avg Vol 270,754
Rel Vol (Oct 26) 0.86× 1.16× on up days
More stats
52W Low $270.55
Tight Wks 1
Base B1
SMA 200 $395.84
RS Line vs High -19.9%
RS Line Slope +5.7% ▲
ADR% 2.7%
ATR(14) $11.71 (2.9%)
Vol Pace (live) N/A
A/D Days 12A / 13D
A/D Rating D
VDU Bars 0/10 d
Position in 52-week range 70thpercentile of the 52-week range
$270.55low
$459.28high

OIH Chart

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Technical Analysis Report Card

$OIH · $402.40 · as of 2026-10-26 · multi-factor read
78
/ 100
Technicals 78/100
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 ▲ Recovering / early uptrend
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$402.04 ↑
100-day$396.37 ↑
200-day$395.84 ↑
Bullish (50 > 200)

RSI (14)

Reading56.5 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateImproving
Histogram+2.372

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

Bollinger Bands (20,2)

%B / Width107% · 7.3%
Squeeze — volatility compressing

Riding the upper band — strong momentum, but stretched. Bands are squeezing — volatility is compressing, often a precursor to a sharp move.

Volume · Buyer vs Seller

Up/Down vol1.16 · Neutral
Rel volume0.86×
Pocket pivots · 10d0
5d vs 50d vol137%
Heavy vol up / down1 / 2

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

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

Support & Resistance

R · $418.74swing level
R · $428.75swing level
R · $440.06swing level
Price · $402.40now
S · $395.10swing level
S · $373.66swing level
S · $368.31swing level

Fibonacci · Downtrend swing

23.6%$380.95
38.2%$395.92
50.0% ◄ price here$408.02
61.8%$420.12
78.6%$437.34

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

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Weekly uptrendAbove 200-day MA50/200 bullish
Want this read in a legend's voice? Ask a Legend about OIH
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 (66/100, 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 C Trend-template read: fails Price > 150-day MA AND 200-day MA.
Passing evidence
1.2 150-day MA > 200-day MAMA150 $405.57 vs MA200 $395.84
1.5 Price > 50-day MAPrice $402.40 vs MA50 $402.04
Failing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $402.40, MA150 $405.57, MA200 $395.84
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $402.04, MA150 $405.57, MA200 $395.84
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
6/9 checks
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 high12.4% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 2.91%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 70
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
Weinstein Avoid C Stage-analysis read: basing (Stage 1) is not an advancing Stage 2.
Passing evidence
Price above 30-week MA (200-day proxy)Price $402.40 vs MA200 $395.84
30-week MA trending upwardFrom weekly scan context
Failing evidence
Stage 2 (Advancing phase) confirmedStage 1 (Basing)
Volume expansion above averageVolume ratio 0.86x
4/7 checks
dennis Watch B 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 $367.58
Volatility-unit sizing (1N ≈ 1% of equity)1N = $11.22 (2.79% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S2: 55-day Donchian breakoutNot confirmed
6/7 checks
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 $462.76-$482.88; trail the rest
Failing evidence
Named Zanger pattern onlyDescending Triangle is not one of Zanger's six
Breakout volume 1.5-2.0x averageData unavailable
4/6 checks
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 70 — Zweig buys strength, not bargains
Breadth momentum: 10-day A/D ratio10-day A/D 1.17 (2025 adv / 1725 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
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.

mediumTrend is your friend. Descending Triangle continuation — trade in the direction of least resistance. RS score 70.

Passing evidence
Price$402.40
Relative strengthRS 70
Failing evidence
Volume vs average0.86x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
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$402.40
Relative strengthRS 70
Failing evidence
Volume vs average0.86x
Box top broken on heavy volumeNot confirmed
4/6 checks
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$402.40
Relative strengthRS 70
Failing evidence
Volume vs average0.86x
Sign of Strength confirmed on expanding volume0.86x average volume — needs ≥1.4x
4/6 checks
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
130RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +2 D
A: 14 D: 12 Net: +265 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 (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) 70
✗ Stage 2 uptrend (Weinstein) Stage 1
✓ Within 25% of 52W high -12.4%

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

Descending Triangle ⚠ Volatility widening into breakout
66 setup score
RS Score 70
Trend template 5/8
CANSLIM 58.9* (C)
high slope: -0.001592 low slope: 0.000666 pattern bars: 94 tighten ratio: 0.094 apex bars ahead: 12.3 apex price: 381.52 state: breakout direction: bullish pattern height: 81.06 ma len: 200 ma value: 395.84 under ma: -0.0166 ma rising: ✗ near ma: ✓ ma touch bar ago: 119 triangle volume ratio: 0.74 volume dry up: ✓ signal volume ratio: 0.76 depth: 0.0287 geometry: {'resistance_rail': {'start': {'bar': 10, 'bars_ago': 109, 'price': 459.28, 'date': '2026-05-20'}, 'end': {'bar': 119, 'bars_ago': 0, 'price': 389.3924, 'date': '2026-10-26'}}, 'support_rail': {'start': {'bar': 39, 'bars_ago': 80, 'price': 356.76, 'date': '2026-07-02'}, 'end': {'bar': 119, 'bars_ago': 0, 'price': 378.2203, 'date': '2026-10-26'}}, 'apex': {'bar': 131.28, 'bars_ago': -12.28, 'price': 381.5158, 'date': '2026-11-07'}, 'breakout_bar': {'bar': 116, 'bars_ago': 3, 'price': 393.58, 'date': '2026-10-21'}, 'breakout_level': 391.316, 'ma_line': {'label': '200-day SMA', 'start': {'bar': 109, 'bars_ago': 10, 'price': 391.2704, 'date': '2026-10-12'}, 'end': {'bar': 119, 'bars_ago': 0, 'price': 395.8407, 'date': '2026-10-26'}}, 'ma_touch_bar': {'bar': 0, 'bars_ago': 119, 'price': 432.59, 'date': '2026-05-06'}, 'ma_value': 395.84} confidence kind: heuristic_match detector version: descending_triangle/2026-09-27 findings: ['Resistance falling -0.16%/day into flat support (+0.07%/day) — sellers pressing, buyers defending', 'Rails tighten to 9% of the starting range; apex 12 bars ahead', 'Uptrend context: close $402.40 vs 200-day SMA $395.84 (-1.7%)', 'Pressing into the 200-day SMA — closest touch (2026-05-06) at $432.59', 'BREAKOUT above $391.32', 'Volume drying up through the pattern'] not falling wedge: ✓ not falling wedge reason: no prior-downtrend requirement — this is an uptrend correction pressing into the long MA, the shape the Falling Wedge detector explicitly rejects validation reason: valid generic setup multi tf evaluated: ✓ multi tf reason: weekly range widening last 3 weeks — unstable structure
Why This Setup? D+W Confluence
Descending Triangle · schematic

Descending Triangle (breakout, bullish): resistance falling -0.16%/day into flat support near $378.22, squeezing into the 200-day SMA ($395.84) inside an uptrend. Broke out above $391.32. Research/educational only, not a buy/sell recommendation. | Moderate trend (6/8) | Good RS (70) | High-confidence pattern (93%) | Readiness 69/100 (watch) | CANSLIM 58.9 (C) | ⚠ Volatility widening into breakout

Record Volume ⚠ Not actionable yet
55 setup score
RS Score 70
Trend template 5/8
CANSLIM 55.9* (C)
cadence: daily lookback bars: 260 detector version: record_volume/2026-09-27 record bar ago: 2 record volume: 579075 volume multiple: 2.29 volume ratio: 2.29 rare tier: ✗ bars since bigger: 79 since date: 2026-07-01 callout text: Highest daily volume since 2026-07-01 up day: ✗ absorbed: ✓ low held: ✓ day gain pct: -3.99 depth pct: 3.99 day range pct: 6.82 geometry: {'record_bar': {'bar': 257, 'bars_ago': 2, 'price': 377.0, 'date': '2026-10-22'}, 'record_volume': 579075, 'callout_text': 'Highest daily volume since 2026-07-01', 'arrow_target': {'bar': 257, 'bars_ago': 2, 'price': 377.0, 'date': '2026-10-22'}} confidence kind: heuristic_match findings: ['Highest daily volume since 2026-07-01: 579,075 shares (2.3x the trailing average)', 'Price action constructive — down day fully absorbed since (record bar $392.65 -> $377.00, now $402.40)'] validation reason: valid generic setup multi tf evaluated: ✓ multi tf reason: weekly: MA stabilizing or rising — accumulation context supported
Why This Setup? D+W Confluence
Record Volume · schematic

Highest daily volume since 2026-07-01 — 579,075 shares (2.3x average), 2 bars ago, and price action is constructive (down day fully absorbed since). Big volume with holding prices means institutions are involved. Research/educational only, not a buy/sell recommendation. | Moderate trend (6/8) | Good RS (70) | High-confidence pattern (72%) | Readiness 54/100 (early) | CANSLIM 55.9 (C) | ⚠ Not actionable yet

Cup (no handle) ⚠ Volatility widening into breakout ⚠ Not actionable yet
55 setup score
RS Score 70
Trend template 5/8
CANSLIM 53.7* (D)
21.2% cup depth
  • Cup 21.2% deep from a $452.68 left rim to a $356.76 low
  • Rims 2.8% apart (ideal, within 10%)
  • Rounded U-shaped bottom (no V)
  • Pivot $452.68 fixed at the higher lip (left-side high)
  • No close above the pivot yet
  • Breakout-day volume 0.9x the 50-day average
  • Volume dried up in the base
  • Prior advance into the rim: 67.3%
Raw detector evidence · confidence is a heuristic match score, not a probability depth=21.2%, lips_diff=2.8%, u_shape=yes, near_pivot=no, breakout_vol=0.9x, orderly=yes | Moderate trend (6/8) | Good RS (70) | High-confidence pattern (71%) | Readiness 43/100 (early) | CANSLIM 53.7 (D) | ⚠ Volatility widening into breakout; Not actionable yet setup_key=cup_no_handle|2026-07-02|2026-09-09|452.68 · cup_handle/2026-10-03 anchors={"bottom": {"bar": 99, "bars_ago": 80, "date": "2026-07-02", "price": 356.76}, "breakout": null, "left_lip": {"bar": 55, "bars_ago": 124, "date": "2026-04-29", "price": 452.677}, "right_lip": {"bar": 146, "bars_ago": 33, "date": "2026-09-09", "price": 440.11}}
Why This Setup? D+W Confluence
cup handle Cup (no handle) · schematic

depth=21.2%, lips_diff=2.8%, u_shape=yes, near_pivot=no, breakout_vol=0.9x, orderly=yes | Moderate trend (6/8) | Good RS (70) | High-confidence pattern (71%) | Readiness 43/100 (early) | CANSLIM 53.7 (D) | ⚠ Volatility widening into breakout; Not actionable yet

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.

3/7 universals met
  • A relative-strength leader — not met RS rank 35 — laggard
  • Clear of earnings — partly met Report date unknown
  • In a confirmed uptrend — partly met Stage 1 · Trend template 5/8 — not yet Stage 2
  • Volume confirms — partly met 0.9× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • 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 $402.40 vs SMA150 $405.57 / SMA200 $395.84
SMA 150 above SMA 200 SMA150 $405.57 vs SMA200 $395.84
SMA 200 trending up Slope +9.24 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $402.04
Price above SMA 50 $402.40 vs SMA50 $402.04
30%+ above 52-week low +48.7% from $270.55
Within 25% of 52-week high -12.4% from $459.28
RS score above 70 RS 70

Fundamentals

52W Range
70%
Insider
No Buy

Company

Company profile
OIH
OIH
O'Neil · Grade Card
ETF checklist — N, S, L, M only
C 58.9* CANSLIM * disqualified on M
C · Curr. EPS
N/A
A · Annual EPS
N/A
N · New Highs
40
S · Supply/Demand
70
L · Leader RS
70
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
4/8
W. RS
62
W. Support
$356.76
W. Resist
$459.28
W. Patterns
Cup & Handle
Weekly Structure

Scan History

9× streak
Oct 26: 63 (Descending Triangle)Oct 27: 66 (Descending Triangle)66
Oct 27
Descending Triangle ✓ Gate
66
Oct 26
Descending Triangle
63 0.0%

Latest News

Headlines for OIH
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