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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XLE

$69.64 +0.45% Oct 26 close
Detected setup Cup & Handle · Setup Score 86/100

Stand aside — setup invalidated

Setup score 86, 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.

$XLE

etf Stage 2 · Advancing Base 2
$69.64 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bearish)
Support 43.77–43.99 · 3 touches · moderate
Support 55.13–55.37 · 3 touches · moderate
Support 55.93–56.18 · 3 touches · moderate
Support 60.95–61.42 · 3 touches · moderate
Join to Watchlist $XLE Share card
Verdict · setup score 86/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 86, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$60.00$65.00$70.00AugSepOct$69.64

What would change this verdict

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

  • Minervini 4. Breakout volume ≥ 40% above average
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • O'Neil S: Volume ≥ 40% above average on breakout
  • Weinstein Volume expansion above average — Volume ratio 1.04x
  • 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: watch Trend-template read: 9/10 pass; wait for the soft misses to improve.
  • O'Neil: watch CANSLIM read: 3/6 pass; improvement is still needed.
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
77 Strong
Legend Score · rates the stock Strong (77/100) — 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%) 91
  • Trend Template (25%) 100
  • Institutional Footprint (20%) 73
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 90: top 10% of all stocks — true leadership. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 73: mild accumulation. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-27.

Price $69.64 +0.5% Oct 26 close
52W High $69.86 0.3% below high
Wks Since High 0w
RS Rank 79 percentile of scan
SMA 50 $64.49
Avg Vol 30,828,240
Rel Vol (Oct 26) 1.04× 2.31× on up days
More stats
52W Low $43.19
Tight Wks 0
Base B2
SMA 200 $58.30
RS Line vs High -7.8%
RS Line Slope +13.0% ▲
ADR% 1.9%
ATR(14) $1.48 (2.1%)
Vol Pace (live) N/A
A/D Days 14A / 11D
A/D Rating A
VDU Bars 0/10 d
Power Trend 16d
Position in 52-week range 99thpercentile of the 52-week range
$43.19low
$69.86high

XLE Chart

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Technical Analysis Report Card

$XLE · $69.64 · as of 2026-10-26 · multi-factor read
100
/ 100
Technicals 100/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Uptrend
Weekly ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$64.49 ↑
100-day$60.73 ↑
200-day$58.30 ↑
Bullish (50 > 200)

RSI (14)

Reading70.3 · Overbought

Overbought — buyers extended; watch for a pause or pullback.

MACD (12/26/9)

StateBullish
Histogram+0.321

Bullish — MACD above its signal line and above zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width87% · 15.8%

Near the upper band — buyers in control.

Volume · Buyer vs Seller

Up/Down vol2.31 · Accumulation
Rel volume1.04×
Pocket pivots · 10d2
5d vs 50d vol120%
Heavy vol up / down1 / 0

Accumulation — volume is concentrated on up days; buyers dominate. Recent volume is expanding versus its baseline.

  • Pocket pivot 4 sessions ago — up-day volume beat every down day of the prior 10 sessions.
  • 1 heavy-volume up day vs 0 down in the last 20 sessions.

Support & Resistance

R · $69.8652-week high
Price · $69.64now
S · $61.13swing level
S · $57.11swing level
S · $55.99swing level

Fibonacci · Uptrend swing

23.6%$65.79
38.2%$63.27
50.0%$61.24
61.8%$59.21
78.6%$56.31

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

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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishRSI overbought
Want this read in a legend's voice? Ask a Legend about XLE
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 (86/100, 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: 9 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Watch A Trend-template read: 9/10 pass; wait for the soft misses to improve.

partialEnter on break of $67.79 pivot with stop at $65.84 (risk 2.9%). SEPA Grade A (3/7).

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $69.64, MA150 $59.90, MA200 $58.30
1.2 150-day MA > 200-day MAMA150 $59.90 vs MA200 $58.30
Failing evidence
4. Breakout volume ≥ 40% above averageNot confirmed
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
9/10 checks
Method → Playbook → Ask →
O'Neil Watch D CANSLIM read: 3/6 pass; improvement is still needed.

mediumCup & Handle still forming — ideal buy point at $67.79 on big volume. CANSLIM 78.

Passing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 90
N: Near 52-week high or RS line new high0.3% below high | RS line new high: False
Failing evidence
M: Market in confirmed uptrendMarket phase: uptrend_under_pressure
S: Volume ≥ 40% above average on breakoutNot confirmed
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
3/6 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 $69.64 vs MA200 $58.30
Failing evidence
Volume expansion above averageVolume ratio 1.04x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
Method → Playbook → Ask →
dennis Watch C 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 $60.95
Volatility-unit sizing (1N ≈ 1% of equity)1N = $1.38 (1.98% 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
5/8 checks
Method → Playbook → Ask →
zanger Watch B Zanger read: the structure is fine but the breakout quality is not there yet — wait for 150%+ volume on the break.

mediumZanger would buy the Cup & Handle breakout only with 150-200% volume, never more than 5% above the breakout point, with a 2-3% stop set at entry. His edge over O'Neil is the exit plan: sell 20-30% of the position at +15-20%, then trail the rest on the 10/20-day moving average.

Passing evidence
Named Zanger pattern onlyCup & Handle
Not extended (≤5% above the breakout point)Measured as passing
Failing evidence
Breakout volume 1.5-2.0x averageNot confirmed
5/6 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; timing headwinds: 4% Model (breadth proxy); 2 timing leg(s) lack data.
Passing evidence
Price strength (RS ≥ 70)RS score 90 — Zweig buys strength, not bargains
Breadth momentum: 10-day A/D ratio10-day A/D 1.17 (2084 adv / 1781 dec) — participation expanding
Failing evidence
4% Model (breadth proxy)60% of universe above 50-day — mixed participation, no thrust
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
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
2/5 checks
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$69.64
Relative strengthRS 90
Failing evidence
Volume vs average1.04x
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.

mediumStock is at the top of its box — Darvas would wait for a decisive breakout on volume.

Passing evidence
Price$69.64
Relative strengthRS 90
Failing evidence
Volume vs average1.04x
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$69.64
Relative strengthRS 90
Failing evidence
Volume vs average1.04x
Sign of Strength confirmed on expanding volume1.04x average volume — needs ≥1.4x
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 ▲ Rising
141RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +0 A
A: 14 D: 14 Net: +065 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 3/3 met · earnings criteria N/A for ETFs
A+ 3/3 criteria
Separate score from the Minervini Trend Template (8/8): 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) 90
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -0.3%

Method Playbook

Trade it like Wyckoff EXACT LEVELS · PRO
Wyckoff 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: Use the Spring/test, Sign of Strength, creek, or Last Point of Support boundary identified by the active structure.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a completed test or Sign of Strength/Last Point of Support confirmation with improving demand versus supply.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start below the Spring/test low or structural support whose failure would invalidate the accumulation read.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Raise protection beneath successive Last Points of Support or meaningful higher lows during markup; never loosen it.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on a failed Sign of Strength, support loss, or clear supply-dominant reversal such as an upthrust failure.
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

Cup & Handle Historical replay: +20% before −8% within 40 sessions: 16% (n=376) · source bars 2024-11-01–2026-10-26 · avg +0.3% per setup (+0.03R) ⚠ Volatility widening into breakout
86 setup score
RS Score 90
Trend template 8/8 ✓
CANSLIM 77.9* (B)
15.3% cup depth 2.3% handle 7 sessions since breakout
  • Cup 15.3% deep from a $62.09 left rim to a $52.62 low
  • Rims 7.0% apart (ideal, within 10%)
  • Handle pulled back 2.3% over 1 bar from $67.72 to $66.17
  • Handle sits in the upper half of the cup
  • Rounded U-shaped bottom
  • Pivot $67.72 fixed at the handle high
  • Breakout: 7 bars since the first close above the pivot
  • Volume dried up in the handle
Raw detector evidence · confidence is a heuristic match score, not a probability depth=15.3%, handle_pb=2.3%, lips_diff=7.0%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (8/8) | Top RS (90) | High-confidence pattern (97%) | Accumulation (2.3× up/dn vol) | Power Trend | Stage 2 | Readiness 81/100 (watch) | CANSLIM 77.9 (B) | ⚠ Volatility widening into breakout setup_key=cup_handle|2026-07-01|2026-10-12|67.72 · cup_handle/2026-10-03 anchors={"bottom": {"bar": 68, "bars_ago": 81, "date": "2026-07-01", "price": 52.62}, "breakout": {"bar": 143, "bars_ago": 6, "date": "2026-10-16", "price": 68.24}, "handle_high": {"bar": 141, "bars_ago": 8, "date": "2026-10-14", "price": 67.72}, "handle_low": {"bar": 142, "bars_ago": 7, "date": "2026-10-15", "price": 66.17}, "left_lip": {"bar": 2, "bars_ago": 147, "date": "2026-03-26", "price": 62.0925}, "right_lip": {"bar": 139, "bars_ago": 10, "date": "2026-10-12", "price": 66.42}}
Why This Setup? D+W Confluence
cup handle Cup & Handle · schematic

depth=15.3%, handle_pb=2.3%, lips_diff=7.0%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (8/8) | Top RS (90) | High-confidence pattern (97%) | Accumulation (2.3× up/dn vol) | Power Trend | Stage 2 | Readiness 81/100 (watch) | CANSLIM 77.9 (B) | ⚠ Volatility widening into breakout

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 — partly met RS rank 79 — middling
  • Clear of earnings — partly met Report date unknown
  • Volume confirms — partly met 1.0× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • In a confirmed uptrend — met Stage 2 · Trend template 8/8
  • 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

8/8 ✓

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 $69.64 vs SMA150 $59.90 / SMA200 $58.30
SMA 150 above SMA 200 SMA150 $59.90 vs SMA200 $58.30
SMA 200 trending up Slope +2.07 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $64.49
Price above SMA 50 $69.64 vs SMA50 $64.49
30%+ above 52-week low +61.2% from $43.19
Within 25% of 52-week high -0.3% from $69.86
RS score above 70 RS 90

Fundamentals

52W Range
99%
Insider
No Buy

Company

Company profile
XLE
XLE
Track all markets on TradingView
O'Neil · Grade Card
ETF checklist — N, S, L, M only
B 77.9* 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
90
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
8/8
W. RS
90
W. Support
$52.62
W. Resist
$69.72
W. Patterns
Base Breakout
Weekly Structure

Scan History

20× streak
Oct 23: 90 (Pocket Pivot)Oct 23: 93 (Cup & Handle)Oct 26: 86 (Cup & Handle)Oct 26: 87 (Cup & Handle)Oct 27: 86 (Cup & Handle)86
Oct 27
Cup & Handle ✓ Gate
86
Oct 26
Cup & Handle ✓ Gate
87 0.0%
Oct 26
Cup & Handle ✓ Gate
86 0.0%
Oct 23
Cup & Handle ✓ Gate
93 +0.4%
Oct 23
Pocket Pivot ✓ Gate
90 +0.4%

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