⚠️Uptrend Under PressureSevere risk · 99·Institutional selling is building — 6 distribution days in the last 25 sessions. · 6 distribution days (SPY)Full briefing →Jul 28
Wednesday, July 29, 2026Time not confirmed
No sourced report session or clock time
Ordinary position sizing suppressed.
Earnings are less than three full trading sessions away; treat the gap as event risk, not ordinary stop-distance risk.
Deterministic evidence
WDC+0.29%
Broad market · SPY-1.23%
Same completed session window ending 2026-07-23.
+1.52 points vs SPY.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.
AI interpretation (optional)
Ask a Legend to interpret the evidence only after reviewing the deterministic event timing and relative reaction.
Interpret this evidence
AI output is commentary, not scanner evidence or a sizing recommendation.
Price$558.30Jul 23 close
52W High$799.87-30.2%
52W Low$66.51
Wks Since High4w
Base Depth-46.2%
BaseB1
SMA 50$558.24
SMA 200$320.33
Avg Vol8,309,896
RS Rank99
RS vs High-24.3%
RS Slope-17.8% ▼
Grp Rank#1/64
ADR%7.8%
ATR(14)$48.28 (8.7%)
Rel Vol (today)0.68×
Vol PaceN/A
U/D Vol0.94
A/D Days14A / 10D
A/D RatingA
VDU Bars0/10 d
Earnings
tmrw
$66.51
$799.8767%
WDC Chart
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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 Verdicts6 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:
🟡 6 of 6 legends are Watching — building, not yet a confirmed buy.
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.
Separate score from the 8-point 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.
Minervini A · 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 tight base's structural pivot; the setup must retain Trend Template leadership into the trigger. Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a decisive move through the pivot with volume confirmation, and do not initiate more than 5% above it. Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start at the tighter structural invalidation; the initial loss limit must not exceed roughly 7–8% from entry. Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Hold the initial stop until the trade proves itself; near +1R move to breakeven, then trail a higher low or rising 10/21-day average once well extended. Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when the structural stop or a meaningful higher-low/short-term trend violation fires; never widen the stop. Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
No active setup in the latest scan — showing last result from 4 days ago. Patterns may no longer be valid.
Run a new scan →
Forming Patterns (predictive — not confirmed)
Head & Shouldersbearishforming
75%built
Possible head & shoulders top — not confirmed. Watch for a daily close below ~422.77 (neckline) to confirm, with measured-move risk toward ~45.68. A push back above 576.37 weakens the pattern; reclaiming 799.87 invalidates it.
Confirms below422.77
Invalidates at799.87
Left Shoulder602.54
Head799.87
Right Shoulder576.37
Neckline422.77
Target45.68
LS 602.54 / head 799.87 / RS 576.37, neckline ~422.77, vol_fading=yes
Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.
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$558.30 vs SMA150 $377.98 / SMA200 $320.33
✓
SMA 150 above SMA 200SMA150 $377.98 vs SMA200 $320.33