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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XLK

$186.32 +1.69% Oct 26 close
Detected setup watchlist_candidate · Setup Score 0/100

Stand aside — setup invalidated

Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.

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

Ask about XLK

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

$XLK

etf Stage 2 · Advancing Base 2
$186.32 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bullish)
Support 146.98–147.57 · 3 touches · moderate
Support 143.34–143.50 · 3 touches · moderate
Support 134.99–135.46 · 3 touches · moderate
Support 181.43–182.27 · 3 touches · moderate
Resistance 188.74–189.11 · 3 touches · moderate
Momentum Turn Watch
Daily Oversold Pullback Williams %R(14) touched -96 2 session(s) ago after a 8% pullback from the 6-month high ($202.00). Price is holding just above the $185.78 support shelf (a prior swing high turned support), with the weekly uptrend intact (30-week SMA $179.41 and not falling).
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.
Join to Watchlist $XLK Share card
Historical record

No active setup in the latest scan — this page shows the last detection Legend AI made for $XLK. Every level, score and criterion below is computed from the Oct 26 close session (latest session), and may no longer hold.

Historical verdict · setup score 0/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$180$200AugSepOct$186

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 $186.32 vs MA50 $189.57
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 79
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Volume expansion above average — Volume ratio 0.99x
  • Weinstein 30-week MA trending upward
  • 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.
64 Neutral
Legend Score · rates the stock Neutral (64/100) — 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%) 80
  • Trend Template (25%) 88
  • Institutional Footprint (20%) 36
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 79: above-average strength. Trend template 7/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 36: mild distribution — sellers active. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-27.

Price $186.32 +1.7% Oct 26 close
52W High $203.25 8.3% below high
Wks Since High 2w
Base Depth 9.7% 10.7% today
RS Rank 55 percentile of scan
SMA 50 $189.57
Avg Vol 7,449,180
Rel Vol (Oct 26) 0.99× 0.97× on up days
More stats
52W Low $126.68
Tight Wks 1
Base B2
SMA 200 $168.71
RS Line vs High -6.7%
RS Line Slope -4.4% ▼
ADR% 1.6%
ATR(14) $4.24 (2.3%)
Vol Pace (live) N/A
A/D Days 13A / 14D
A/D Rating D
VDU Bars 0/10 d
Position in 52-week range 78thpercentile of the 52-week range
$126.68low
$203.25high

XLK Chart

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Technical Analysis Report Card

$XLK · $186.32 · as of 2026-10-26 · multi-factor read
45
/ 100
Technicals 45/100
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$189.57 ↓
100-day$186.19 ↑
200-day$168.71 ↑
Bullish (50 > 200)

RSI (14)

Reading43.9 · Bearish

Bearish momentum — sellers in control.

MACD (12/26/9)

StateBearish
Histogram-1.464

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

Bollinger Bands (20,2)

%B / Width26% · 14.0%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol0.97 · Neutral
Rel volume0.99×
Pocket pivots · 10d0
5d vs 50d vol129%
Heavy vol up / down1 / 4

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

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

Support & Resistance

R · $190.84swing level
R · $194.30swing level
R · $198.73swing level
Price · $186.32now
S · $182.08swing level
S · $178.82swing level
S · $176.36swing level

Fibonacci · Uptrend swing

23.6%$194.57
38.2%$189.20
50.0% ◄ price here$184.86
61.8%$180.51
78.6%$174.33

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 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.
How to read the numbers: the setup score (0/100, 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 B Trend-template read: fails Price > 50-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $186.32, MA150 $177.79, MA200 $168.71
1.2 150-day MA > 200-day MAMA150 $177.79 vs MA200 $168.71
Failing evidence
1.5 Price > 50-day MAPrice $186.32 vs MA50 $189.57
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
6/7 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 high8.3% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 2.28%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 79
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 $186.32 vs MA200 $168.71
Failing evidence
Volume expansion above averageVolume ratio 0.99x
30-week MA trending upwardData unavailable
4/6 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 $181.50
Volatility-unit sizing (1N ≈ 1% of equity)1N = $3.80 (2.04% 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 D 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
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $214.27-$223.58; trail the rest
Trail on the 10/20-day MA10-day MA $187.12 · 20-day MA $192.82 — exit the remainder on a close below the trail
Failing evidence
Named Zanger pattern onlywatchlist_candidate is not one of Zanger's six
Not extended (≤5% above the breakout point)Data unavailable
3/6 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 79 — Zweig buys strength, not bargains
Breadth momentum: 10-day A/D ratio10-day A/D 1.18 (2050 adv / 1742 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$186.32
Relative strengthRS 79
Failing evidence
Volume vs average0.99x
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.

partialConsolidating within the box (8.3% from 52W high) — patience until it approaches the prior high.

Passing evidence
Price$186.32
Relative strengthRS 79
Failing evidence
Volume vs average0.99x
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$186.32
Relative strengthRS 79
Failing evidence
Volume vs average0.99x
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
112RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -5 D
A: 12 D: 17 Net: -565 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) 79
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -8.3%

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 →

Forming Patterns (predictive — not confirmed)

Head & Shoulders bearish near confirmation
90% built

Possible head & shoulders top — not confirmed. Watch for a daily close below ~182.00 (neckline) to confirm, with measured-move risk toward ~160.75. A push back above 186.99 weakens the pattern; reclaiming 203.25 invalidates it.

Confirms below 182.00
Invalidates at 203.25
Left Shoulder 198.73
Head 203.25
Right Shoulder 186.99
Neckline 182.00
Target 160.75

LS 198.73 / head 203.25 / RS 186.99, neckline ~182.00, vol_fading=no

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

Pattern Analysis (historical)

watchlist_candidate
0 setup score
RS Score 79
Trend template 7/8
Why This Setup?
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
  • A relative-strength leader — not met RS rank 55 — laggard
  • Risk is defined — not met No stop — undefined risk
  • 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 1.0× average — light
  • In a confirmed uptrend — met Stage 2 · Trend template 7/8
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 $186.32 vs SMA150 $177.79 / SMA200 $168.71
SMA 150 above SMA 200 SMA150 $177.79 vs SMA200 $168.71
SMA 200 trending up Slope +4.80 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $189.57
Price above SMA 50 $186.32 vs SMA50 $189.57
30%+ above 52-week low +47.1% from $126.68
Within 25% of 52-week high -8.3% from $203.25
RS score above 70 RS 79

Fundamentals

52W Range
78%
Insider
No Buy

Company

Company profile
XLK
XLK
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Scan History

Oct 13: 91 (Trend Only)Oct 14: 91 (Trend Only)Oct 15: 85 (Trend Only)Oct 27: 0 (watchlist_candidate)0
Oct 27
watchlist_candidate
0
Oct 15
Trend Only ✓ Gate
85 -1.5%
Oct 14
Trend Only ✓ Gate
91 -2.2%
Oct 13
Trend Only ✓ Gate
91 -5.1%

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