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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TAN

$40.76 -0.75% Oct 26 close
No confirmed setup in the latest scan

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1 independent risk warning also present. Review before relying on the bullish setup.

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$TAN

etf Stage 4 · Declining Base 1
$40.76 latest close
Market Structure
Trend structure: range
Latest event: bos (bearish)
Resistance 53.68–54.01 · 4 touches · moderate
Resistance 49.62–49.92 · 4 touches · moderate
Resistance 46.49–46.87 · 4 touches · moderate
Resistance 52.16–52.52 · 3 touches · moderate
Resistance 59.10–59.40 · 3 touches · moderate
Momentum Turn Watch
Bollinger Squeeze + Lower-Band Support Bollinger band width (10.7%) 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. Price ($40.76) is holding just above the lower Bollinger band ($40.57; %B 4) — support at the bottom of the bands.
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.
Price $40.76 -0.8% Oct 26 close
52W High $75.60 46.1% below high
Wks Since High 20w
Base Depth 46.5%
SMA 50 $45.54
Avg Vol 910,275
Rel Vol (Oct 26) 0.97× 1.41× on up days
More stats
52W Low $40.44
Tight Wks 0
Base B1
SMA 200 $54.29
ADR% 2.3%
ATR(14) $1.18 (2.9%)
Vol Pace (live) N/A
A/D Days 8A / 18D
A/D Rating E
Position in 52-week range 1stpercentile of the 52-week range
$40.44low
$75.60high

TAN Chart

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Technical Analysis Report Card

$TAN · $40.76 · as of 2026-10-26 · multi-factor read
5
/ 100
Strong Sell

Trend · Daily / Weekly / Monthly

Daily ▼ Downtrend
Weekly ▼ Downtrend
Monthly ▼ Downtrend

Moving Averages

50-day$45.54 ↓
100-day$50.69 ↓
200-day$54.29 ↓
Bearish (50 < 200)

RSI (14)

Reading35.2 · Bearish

Bearish momentum — sellers in control.

MACD (12/26/9)

StateBearish
Histogram-0.048

Bearish — MACD below its signal line and below zero. Histogram contracting.

Bollinger Bands (20,2)

%B / Width4% · 10.7%
Squeeze — volatility compressing

Near the lower band — under pressure or oversold. Bands are squeezing — volatility is compressing, often a precursor to a sharp move.

Volume · Buyer vs Seller

Up/Down vol1.41 · Neutral
Rel volume0.97×
Pocket pivots · 10d1
5d vs 50d vol99%
Heavy vol up / down2 / 2

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

  • Pocket pivot 9 sessions ago — up-day volume beat every down day of the prior 10 sessions.
  • 2 heavy-volume up days vs 2 down in the last 20 sessions.

Support & Resistance

R · $44.77swing level
R · $46.81swing level
R · $49.62swing level
Price · $40.76now
S · $40.4452-week low

Fibonacci · Downtrend swing

23.6%$48.74
38.2%$53.87
50.0%$58.02
61.8%$62.17
78.6%$68.08

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 bearish
Want this read in a legend's voice? Ask a Legend about TAN
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? →
Base & Breakout
Breakout follow-through

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

Latest candle: Bearish Engulfing — Today's down candle engulfs yesterday's up candle — a bearish reversal warning, most significant after an extended advance.

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
75RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -10 E
A: 10 D: 20 Net: -1065 sessions

Forming Patterns (predictive — not confirmed)

Falling Wedge bullish forming
74% built

Possible falling wedge — selling pressure narrowing. Watch for a break above falling resistance ~41.80 to confirm a reversal higher; a close below ~39.84 invalidates it.

Confirms above 41.80
Invalidates at 39.84
Upper Trendline 41.80
Lower Trendline 39.84

10 highs / 7 lows, range narrowed 49%, slopes top -0.53%/bar · bottom -0.45%/bar

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

No patterns detected

This symbol didn't match any pattern in the latest scan.

Minervini Trend Template

0/8

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 $40.76 vs SMA150 $53.79 / SMA200 $54.29
SMA 150 above SMA 200 SMA150 $53.79 vs SMA200 $54.29
SMA 200 trending up Slope -0.68 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $45.54
Price above SMA 50 $40.76 vs SMA50 $45.54
30%+ above 52-week low +0.8% from $40.44
Within 25% of 52-week high -46.1% from $75.60
RS score above 70 RS 50

Fundamentals

52W Range
1%
Insider
No Buy

Company

Company profile
TAN
TAN

Scan History

May 04: 65 (Trend Only)Jun 03: 73 (Trend Only)Jun 04: 72 (Trend Only)Jun 05: 73 (Trend Only)Jun 15: 63 (Wyckoff SOS)Jun 16: 60 (Wyckoff SOS)60
Jun 16
Wyckoff SOS ✓ Gate
60
Jun 15
Wyckoff SOS ✓ Gate
63 -35.0%
Jun 05
Trend Only ✓ Gate
73 -36.4%
Jun 04
Trend Only ✓ Gate
72 -42.1%
Jun 03
Trend Only ✓ Gate
73 -42.0%
May 04
Trend Only ✓ Gate
65 -30.2%

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