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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VGT

$120.97 +1.51% Oct 26 close
Detected setup Basing · Setup Score 55/100

Stand aside — setup invalidated

Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.

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

$VGT

etf Stage 2 · Advancing Base 2
$120.97 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bullish)
Support 117.88–118.36 · 4 touches · moderate
Resistance 121.99–122.61 · 4 touches · moderate
Support 96.15–96.26 · 3 touches · moderate
Support 93.78–94.17 · 3 touches · moderate
Support 92.19–92.83 · 3 touches · moderate
Join to Watchlist $VGT Share card
Verdict · setup score 55/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$120$130AugSepOct$121

What would change this verdict

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

  • Minervini 1.5 Price > 50-day MA — Price $120.97 vs MA50 $122.36
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 78
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Volume expansion above average — Volume ratio 0.77x
  • Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
  • Dennis S1: 20-day Donchian breakout
Minority view — the council disagrees here
  • Minervini: avoid Trend-template read: fails Price > 50-day MA.
  • O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
63 Neutral
Legend Score · rates the stock Neutral (63/100) — 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%) 79
  • Trend Template (25%) 88
  • Institutional Footprint (20%) 34
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 78: above-average strength. Trend template 7/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 34: mild distribution — sellers active. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-27.

Price $120.97 +1.5% Oct 26 close
52W High $130.66 7.4% below high
Wks Since High 2w
Base Depth 9.6%
RS Rank 53 percentile of scan
SMA 50 $122.36
Avg Vol 4,143,060
Rel Vol (Oct 26) 0.77× 0.82× on up days
More stats
52W Low $83.09
Tight Wks 1
Base B2
SMA 200 $108.86
RS Line vs High -5.2%
RS Line Slope -3.3% ▼
ADR% 1.5%
ATR(14) $2.57 (2.1%)
Vol Pace (live) N/A
A/D Days 12A / 13D
A/D Rating D
VDU Bars 0/10 d
Position in 52-week range 80thpercentile of the 52-week range
$83.09low
$130.66high

VGT Chart

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Technical Analysis Report Card

$VGT · $120.97 · as of 2026-10-26 · multi-factor read
55
/ 100
Technicals 55/100
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 ▬ Sideways / consolidating
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$122.36 ↓
100-day$119.50 ↑
200-day$108.86 ↑
Bullish (50 > 200)

RSI (14)

Reading45.1 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateBearish
Histogram-0.820

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

Bollinger Bands (20,2)

%B / Width28% · 12.3%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol0.82 · Neutral
Rel volume0.77×
Pocket pivots · 10d0
5d vs 50d vol110%
Heavy vol up / down1 / 5

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

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

Support & Resistance

R · $122.72swing level
R · $126.31swing level
R · $130.6652-week high
Price · $120.97now
S · $117.88swing level
S · $115.91swing level
S · $112.50swing level

Fibonacci · Uptrend swing

23.6%$125.18
38.2% ◄ price here$121.79
50.0%$119.06
61.8%$116.32
78.6%$112.42

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

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Above 200-day MA50/200 bullish
Want this read in a legend's voice? Ask a Legend about VGT
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 (55/100, 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: 6 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Avoid A Trend-template read: fails Price > 50-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $120.97, MA150 $114.35, MA200 $108.86
1.2 150-day MA > 200-day MAMA150 $114.35 vs MA200 $108.86
Failing evidence
1.5 Price > 50-day MAPrice $120.97 vs MA50 $122.36
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
8/9 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 high7.4% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 2.13%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 78
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 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 $120.97 vs MA200 $108.86
Failing evidence
Volume expansion above averageVolume ratio 0.77x
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 $118.11
Volatility-unit sizing (1N ≈ 1% of equity)1N = $2.31 (1.91% 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 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 $139.12-$145.16; trail the rest
Failing evidence
Named Zanger pattern onlyBasing is not one of Zanger's six
Breakout volume 1.5-2.0x averageData unavailable
4/6 checks
Method → Playbook → Ask →
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 78 — 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
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$120.97
Relative strengthRS 78
Failing evidence
Volume vs average0.77x
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.

mediumBuilding the top of the box (7.4% from 52W high) — watch for a box breakout with volume expansion.

Passing evidence
Price$120.97
Relative strengthRS 78
Failing evidence
Volume vs average0.77x
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$120.97
Relative strengthRS 78
Failing evidence
Volume vs average0.77x
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
110RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -6 D
A: 9 D: 15 Net: -665 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/3 met · earnings criteria N/A for ETFs
A 2/3 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 N/A
– Revenue growth ≥20% YoY N/A
– Gross margin ≥30% N/A
– ROE ≥17% N/A
✗ RS rating ≥80 (leadership) 78
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -7.4%

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

Basing ⚠ 3rd-stage base ⚠ Not actionable yet
55 setup score
RS Score 78
Trend template 7/8
CANSLIM 68.9* (B)
base type: Flat Base depth: 0.142 duration weeks: 12.0 tightness: 0.0286 near pivot: ✓ base volume ratio: 1.275 validation reason: valid basing setup multi tf evaluated: ✓ multi tf reason: weekly trend template 7/8 confirmed + no fresh 13-week low
Why This Setup?
Basing · schematic

Flat Base: depth=14.2%, 12w, tightness=0.029, near_pivot=yes | Strong trend (7/8) | Good RS (78) | Moderate pattern (65%) | Stage 2 | Readiness 55/100 (early) | CANSLIM 68.9 (B) | ⚠ 3rd-stage base; Not actionable yet

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.

4/7 universals met
  • A relative-strength leader — not met RS rank 53 — laggard
  • Clear of earnings — partly met Report date unknown
  • Volume confirms — partly met 0.8× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • In a confirmed uptrend — met Stage 2 · Trend template 7/8
  • 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

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 $120.97 vs SMA150 $114.35 / SMA200 $108.86
SMA 150 above SMA 200 SMA150 $114.35 vs SMA200 $108.86
SMA 200 trending up Slope +2.96 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $122.36
Price above SMA 50 $120.97 vs SMA50 $122.36
30%+ above 52-week low +45.6% from $83.09
Within 25% of 52-week high -7.4% from $130.66
RS score above 70 RS 78

Fundamentals

52W Range
80%
Insider
No Buy

Company

Company profile
VGT
VGT
Track all markets on TradingView
O'Neil · Grade Card
ETF checklist — N, S, L, M only
B 68.9* CANSLIM * disqualified on M
C · Curr. EPS
N/A
A · Annual EPS
N/A
N · New Highs
100
S · Supply/Demand
70
L · Leader RS
78
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
7/8
W. RS
70
W. Support
$101.58
W. Resist
$130.66
Weekly Structure

Scan History

3× streak
Oct 13: 88 (Cup & Handle)Oct 14: 91 (Trend Only)Oct 15: 84 (Trend Only)Oct 27: 55 (Basing)55
Oct 27
Basing
55
Oct 15
Trend Only ✓ Gate
84 -1.1%
Oct 14
Trend Only ✓ Gate
91 -1.5%
Oct 13
Cup & Handle ✓ Gate
88 -4.4%

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