Uptrend Under Pressure 93
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 93/100 · 7 distribution days (SPY) Sep 11 Full briefing →
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SMH

$560.28 -2.44% Sep 10 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.

$SMH

etf Stage 2 · Advancing Base 2
$560.28 latest close
Join to Watchlist $SMH Share card
Historical record

No active setup in the latest scan — this page shows the last detection Legend AI made for $SMH. Every level, score and criterion below is computed from the Sep 10 close session (1 session old), and may no longer hold.

Historical verdict · setup score 0/100 · data Sep 10 close · 1 session old

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
Price $560.28 -2.4% Sep 10 close
52W High $671.83 16.6% below high
Wks Since High 11w
Base Depth 24.6% 25.0% today
RS Rank 99 percentile of scan
SMA 50 $570.14
Avg Vol 9,769,674
Rel Vol (Sep 10) 0.68×
More stats
52W Low $298.77
Tight Wks 0
Base B2
SMA 200 $480.95
RS Line vs High -17.7%
RS Line Slope -2.4% ▼
ADR% 2.0%
ATR(14) $13.84 (2.5%)
Vol Pace (live) N/A
U/D Vol 1.09
A/D Days 8A / 17D
A/D Rating E
VDU Bars 1/10 d
Position in 52-week range 70thpercentile of the 52-week range
$298.77low
$671.83high

SMH Chart

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Technical Analysis Report Card

$SMH · $560.28 · as of 2026-09-10 · multi-factor read
59
/ 100
Technicals 59/100
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 ▼ Weak / rolling over
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$570.14 ↓
100-day$571.98 ↓
200-day$480.95 ↑
Bullish (50 > 200)

RSI (14)

Reading48.1 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateImproving
Histogram+1.601

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

Bollinger Bands (20,2)

%B / Width43% · 9.9%
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 vol1.09 · Neutral
Rel volume0.68×

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

Support & Resistance

R · $573.21swing level
R · $581.17swing level
R · $600.37swing level
Price · $560.28now
S · $554.66swing level
S · $538.78swing level
S · $527.87swing level

Fibonacci · Uptrend swing

23.6%$598.21
38.2% ◄ price here$552.66
50.0%$515.85
61.8%$479.03
78.6%$426.62

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 downtrendAbove 200-day MA50/200 bullishRS 99 (leader)
Want this read in a legend's voice? Ask a Legend about SMH
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.

Council consensus: 4 of 6 legends are Watching — building, not yet a confirmed buy.
Minervini
Avoid
Minervini B

Trend-template read: fails Price > 50-day MA.

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $560.28, MA150 $516.47, MA200 $480.95
1.2 150-day MA > 200-day MAMA150 $516.47 vs MA200 $480.95
Failing evidence
1.5 Price > 50-day MAPrice $560.28 vs MA50 $570.14
6/7 checks
Method → Playbook → Ask →
O'Neil
Avoid
O'Neil D

CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.

Passing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 99
S: Base tightness (ATR% ≤ 4.5%)ATR% 2.47%
Failing evidence
C: Quarterly EPS acceleration ≥ 25%Data unavailable
N: Near 52-week high or RS line new high16.6% below high | RS line new high: False
2/8 checks
Method → Playbook → Ask →
Weinstein
Watch
Weinstein C

Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $560.28 vs MA200 $480.95
Failing evidence
Volume expansion above averageVolume ratio 0.68x
30-week MA trending upwardData unavailable
4/6 checks
Method → Playbook → Ask →
Livermore
Watch
Livermore B

Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$560.28
Relative strengthRS 99
Failing evidence
Volume vs average0.68x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Darvas
Watch
Darvas B

Box-theory read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$560.28
Relative strengthRS 99
Failing evidence
Volume vs average0.68x
Box top broken on heavy volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Wyckoff
Watch
Wyckoff B

Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$560.28
Relative strengthRS 99
Failing evidence
Volume vs average0.68x
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
160RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -5 E
A: 13 D: 18 Net: -565 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 3/7 met
C 3/7 criteria
Separate score from the Minervini Trend Template (7/8): 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 —
✗ Revenue growth ≥20% YoY —
✗ Gross margin ≥30% —
✗ ROE ≥17% —
✓ RS rating ≥80 (leadership) 99
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -16.6%

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 →

Forming Patterns (predictive — not confirmed)

Inverse Head & Shoulders bullish forming
80% built

Possible inverse head & shoulders — not confirmed. Watch for a daily close above ~608.27 (neckline) to confirm, with a measured move toward ~712.90. A drop under the right shoulder near 540.75 weakens the structure; a close below the head near 503.63 invalidates it.

Confirms above 608.27
Invalidates at 503.63
Left Shoulder 536.81
Head 503.63
Right Shoulder 540.75
Neckline 608.27
Target 712.90

LS 536.81 / head 503.63 / RS 540.75, neckline ~608.27, 7.9% below confirmation

Head & Shoulders bearish near confirmation
90% built

Possible head & shoulders top — not confirmed. Watch for a daily close below ~554.66 (neckline) to confirm, with measured-move risk toward ~437.49. A push back above 659.74 weakens the pattern; reclaiming 671.83 invalidates it.

Confirms below 554.66
Invalidates at 671.83
Left Shoulder 642.77
Head 671.83
Right Shoulder 659.74
Neckline 554.66
Target 437.49

LS 642.77 / head 671.83 / RS 659.74, neckline ~554.66, vol_fading=yes

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

Pattern Analysis (historical)

watchlist_candidate
0 setup score
RS Score 99
Trend template 7/8
Why This Setup?
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
  • 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 0.7× average — light
  • A relative-strength leader — met RS rank 99
  • In a confirmed uptrend — met Stage 2 · Trend template 7/8
Why these seven? → The Universal Edge

Minervini Trend Template

7/8

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 $560.28 vs SMA150 $516.47 / SMA200 $480.95
SMA 150 above SMA 200 SMA150 $516.47 vs SMA200 $480.95
SMA 200 trending up Slope +21.25 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $570.14
Price above SMA 50 $560.28 vs SMA50 $570.14
30%+ above 52-week low +87.5% from $298.77
Within 25% of 52-week high -16.6% from $671.83
RS score above 70 RS 99

Company

Company profile
SMH
SMH
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Scan History

Sep 08: 55 (Darvas Box)Sep 09: 68 (Cup & Handle)Sep 10: 68 (Cup & Handle)Sep 11: 0 (watchlist_candidate)Sep 11: 68 (Cup & Handle)68
Sep 11
Cup & Handle ✓ Gate
68
Sep 11
watchlist_candidate
0
Sep 10
Cup & Handle ✓ Gate
68 0.0%
Sep 09
Cup & Handle ✓ Gate
68 -2.4%
Sep 08
Darvas Box
55 -2.3%

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