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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XLK

$185.22 -1.41% Sep 10 close
Detected setup Three Weeks Tight · Setup Score 55/100

Stand aside — setup invalidated

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

2 independent risk warnings also present. Review before relying on the bullish setup.

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$XLK

etf Stage 2 · Advancing Base 1
$185.22 latest close
Join to Watchlist $XLK Share card
Verdict · setup score 55/100 · data Sep 10 close · 1 session old

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
Price $185.22 -1.4% Sep 10 close
52W High $198.73 6.8% below high
Wks Since High 13w
Base Depth 16.2%
RS Rank 70 percentile of scan
SMA 50 $182.69
Avg Vol 7,714,694
Rel Vol (Sep 10) 0.71×
More stats
52W Low $126.68
Tight Wks 0
Base B1
SMA 200 $161.08
RS Line vs High -6.3%
RS Line Slope -0.3% ▼
ADR% 1.3%
ATR(14) $2.98 (1.6%)
Vol Pace (live) N/A
U/D Vol 0.59
A/D Days 16A / 20D
A/D Rating E
VDU Bars 0/10 d
Power Trend 5d
Position in 52-week range 81stpercentile of the 52-week range
$126.68low
$198.73high

XLK Chart

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Technical Analysis Report Card

$XLK · $185.22 · as of 2026-09-10 · multi-factor read
69
/ 100
Technicals 69/100
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 ▲ Uptrend
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$182.69 ↑
100-day$180.06 ↑
200-day$161.08 ↑
Bullish (50 > 200)

RSI (14)

Reading50.8 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateBullish
Histogram+0.033

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

Bollinger Bands (20,2)

%B / Width46% · 6.4%
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 vol0.59 · Distribution
Rel volume0.71×

Distribution — volume is concentrated on down days; sellers dominate. Recent volume is easing versus its baseline.

Support & Resistance

R · $190.80swing level
R · $194.30swing level
R · $198.7352-week high
Price · $185.22now
S · $178.82swing level
S · $176.36swing level
S · $171.98swing level

Fibonacci · Uptrend swing

23.6%$181.73
38.2%$171.21
50.0%$162.70
61.8%$154.20
78.6%$142.10

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 uptrendAbove 200-day MA50/200 bullishVolume distribution
Want this read in a legend's voice? Ask a Legend about XLK
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: 5 of 6 legends are Watching — building, not yet a confirmed buy.
Minervini
Watch
Minervini B

Trend-template read: 9/12 pass; wait for the soft misses to improve.

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $185.22, MA150 $166.58, MA200 $161.08
1.2 150-day MA > 200-day MAMA150 $166.58 vs MA200 $161.08
Failing evidence
2. Quarterly EPS growth ≥ 25%From SEPA scan
2. ROE ≥ 17%From SEPA scan
9/12 checks
Method → Playbook → Ask →
O'Neil
Avoid
O'Neil D

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

Passing evidence
N: Near 52-week high or RS line new high6.8% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 1.61%
Failing evidence
C: Quarterly EPS acceleration ≥ 25%CANSLIM grade N/A
L: RS rank ≥ 80 (IBD leadership)RS rank 76
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 $185.22 vs MA200 $161.08
Failing evidence
Volume expansion above averageVolume ratio 0.71x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
Method → Playbook → Ask →
Livermore
Watch
Livermore B

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

Passing evidence
Price$185.22
Relative strengthRS 76
Failing evidence
Volume vs average0.71x
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$185.22
Relative strengthRS 76
Failing evidence
Volume vs average0.71x
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$185.22
Relative strengthRS 76
Failing evidence
Volume vs average0.71x
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?

Latest candle: Doji — Open and close nearly equal — indecision. After a strong move it can signal a pause or pending reversal; wait for confirmation.

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▼ Falling
118RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -10 E
A: 8 D: 18 Net: -1065 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/7 met
C 2/7 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 —
✗ Revenue growth ≥20% YoY —
✗ Gross margin ≥30% —
✗ ROE ≥17% —
✗ RS rating ≥80 (leadership) 76
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -6.8%

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)

Head & Shoulders bearish near confirmation
90% built

Possible head & shoulders top — not confirmed. Watch for a daily close below ~182.25 (neckline) to confirm, with measured-move risk toward ~165.77. A push back above 194.30 weakens the pattern; reclaiming 198.73 invalidates it.

Confirms below 182.25
Invalidates at 198.73
Left Shoulder 180.21
Head 198.73
Right Shoulder 194.30
Neckline 182.25
Target 165.77

LS 180.21 / head 198.73 / RS 194.30, neckline ~182.25, 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

Three Weeks Tight ⚠ Rising wedge (broke lower) ⚠ Head & shoulders top forming
55 setup score
RS Score 76
Trend template 8/8 ✓
CANSLIM — (N/A)
3 tight wks max 1.30%/wk ✓ vol dry vol 0.74x +41% advance Base Structure Grade 51
Why This Setup?
Three Weeks Tight · schematic

3 tight weeks, max change 1.30%, prior advance 41.1%, vol dry-up yes (0.74x), quality 51 | Strong trend (8/8) | Good RS (76) | High-confidence pattern (80%) | Power Trend | Stage 2 | Readiness 72/100 (watch) | CANSLIM N/A (N/A) | ⚠ Rising wedge (broke lower); Head & shoulders top forming

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.

1/7 universals met
  • Risk is defined — not met No stop — undefined risk
  • A relative-strength leader — partly met RS rank 70 — middling
  • 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
  • In a confirmed uptrend — met Stage 2 · Trend template 8/8
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 $185.22 vs SMA150 $166.58 / SMA200 $161.08
SMA 150 above SMA 200 SMA150 $166.58 vs SMA200 $161.08
SMA 200 trending up Slope +3.97 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $182.69
Price above SMA 50 $185.22 vs SMA50 $182.69
30%+ above 52-week low +46.2% from $126.68
Within 25% of 52-week high -6.8% from $198.73
RS score above 70 RS 76

Company

Company profile
XLK
XLK
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O'Neil · Grade Card
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
N/A — CANSLIM
C · Curr. EPS
100
A · Annual EPS
100
N · New Highs
100
S · Supply/Demand
70
L · Leader RS
76
I · Inst. Spons.
100
M · Market
30

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
8/8
W. RS
77
W. Support
$126.68
W. Resist
$198.73
Weekly Structure

Scan History

20× streak
Sep 09: 68 (Three Weeks Tight)Sep 10: 68 (Three Weeks Tight)Sep 11: 55 (Three Weeks Tight)55
Sep 11
Three Weeks Tight ✓ Gate
55
Sep 10
Three Weeks Tight ✓ Gate
68 0.0%
Sep 09
Three Weeks Tight ✓ Gate
68 -1.4%

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