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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XLP

$87.96 -0.34% Oct 26 close
Detected setup Record Volume · Setup Score 55/100

Stand aside — setup invalidated

Setup score 55, 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.

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

$XLP

etf Stage 3 · Topping Base 1
$87.96 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bullish)
Support 82.61–83.11 · 8 touches · strong
Support 85.68–86.69 · 7 touches · strong
Support 83.44–84.01 · 6 touches · strong
Support 80.46–80.97 · 4 touches · moderate
Support 84.89–85.22 · 4 touches · moderate
Join to Watchlist $XLP 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
$85.00$90.00AugSepOct$87.96

What would change this verdict

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

  • Minervini 1.2 150-day MA > 200-day MA — MA150 $84.02 vs MA200 $84.32
  • Minervini 1.8 RS rank ≥ 70 (prefer ≥ 85) — RS rank 51
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 51
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Stage 2 (Advancing phase) confirmed — Stage 3 (Topping)
  • Weinstein Volume expansion above average — Volume ratio 1.17x
Minority view — the council disagrees here
  • Minervini: avoid Trend-template read: fails 150-day MA > 200-day MA.
  • O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
  • Weinstein: avoid Stage-analysis read: topping (Stage 3) is not an advancing Stage 2.
57 Neutral
Legend Score · rates the stock Neutral (57/100) — held back by relative strength

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%) 51
  • Trend Template (25%) 62
  • Institutional Footprint (20%) 67
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 51: middle of the pack — no leadership yet. Trend template 5/8: mixed — some uptrend elements, some missing. Institutional score 67: mild accumulation. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-27.

Price $87.96 -0.3% Oct 26 close
52W High $90.14 2.4% below high
Wks Since High 34w
Base Depth 11.1%
RS Rank 13 percentile of scan
SMA 50 $84.42
Avg Vol 11,513,262
Rel Vol (Oct 26) 1.17× 1.40× on up days
More stats
52W Low $75.16
Tight Wks 9
Base B1
SMA 200 $84.32
RS Line vs High -12.5%
RS Line Slope +7.3% ▲
ADR% 1.3%
ATR(14) $1.38 (1.6%)
Vol Pace (live) N/A
A/D Days 12A / 11D
A/D Rating B
VDU Bars 0/10 d
Power Trend 5d
Position in 52-week range 85thpercentile of the 52-week range
$75.16low
$90.14high

XLP Chart

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Technical Analysis Report Card

$XLP · $87.96 · as of 2026-10-26 · multi-factor read
86
/ 100
Technicals 86/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Uptrend
Weekly ▬ Sideways / consolidating
Monthly ▲ Uptrend

Moving Averages

50-day$84.42 ↑
100-day$84.50 ↑
200-day$84.32 ↑
Bullish (50 > 200)

RSI (14)

Reading62.3 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateBullish
Histogram+0.511

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

Bollinger Bands (20,2)

%B / Width77% · 14.7%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol1.4 · Neutral
Rel volume1.17×
Pocket pivots · 10d3
5d vs 50d vol159%
Heavy vol up / down3 / 1

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

  • Pocket pivot 2 sessions ago — up-day volume beat every down day of the prior 10 sessions.
  • 3 heavy-volume up days vs 1 down in the last 20 sessions.

Support & Resistance

R · $88.78swing level
R · $90.1452-week high
Price · $87.96now
S · $83.69swing level
S · $80.28swing level
S · $75.1652-week low

Fibonacci · Uptrend swing

23.6% ◄ price here$87.66
38.2%$86.21
50.0%$85.04
61.8%$83.88
78.6%$82.22

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

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Daily uptrendMonthly uptrendAbove 200-day MA50/200 bullish
Want this read in a legend's voice? Ask a Legend about XLP
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: 5 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Avoid C Trend-template read: fails 150-day MA > 200-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $87.96, MA150 $84.02, MA200 $84.32
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $84.42, MA150 $84.02, MA200 $84.32
Failing evidence
1.2 150-day MA > 200-day MAMA150 $84.02 vs MA200 $84.32
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 51
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
6/10 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 high2.4% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 1.57%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 51
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 Avoid D Stage-analysis read: topping (Stage 3) is not an advancing Stage 2.
Passing evidence
Price above 30-week MA (200-day proxy)Price $87.96 vs MA200 $84.32
30-week MA trending upwardFrom weekly scan context
Failing evidence
Stage 2 (Advancing phase) confirmedStage 3 (Topping)
Volume expansion above averageVolume ratio 1.17x
3/7 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 $80.10
Volatility-unit sizing (1N ≈ 1% of equity)1N = $1.22 (1.39% 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 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 $101.15-$105.55; trail the rest
Failing evidence
Named Zanger pattern onlyRecord Volume is not one of Zanger's six
Breakout volume 1.5-2.0x averageNot confirmed
4/6 checks
Method → Playbook → Ask →
zweig Watch D Zweig read: part of his screen passes but not all: Price strength (RS ≥ 70) — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Breadth momentum: 10-day A/D ratio10-day A/D 1.18 (2050 adv / 1742 dec) — participation expanding
4% Model (breadth proxy)61% of universe above 50-day — broad strength (adapted from Ned Davis 4% Model)
Failing evidence
Price strength (RS ≥ 70)RS score 51 — Zweig buys strength, not bargains
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 relative strength is unresolved.
Passing evidence
Price$87.96
Distance from 52-week high2.4% below high
Failing evidence
Relative strengthRS 51
Volume vs average1.17x
3/6 checks
Method → Playbook → Ask →
Darvas Watch B Box-theory read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$87.96
Distance from 52-week high2.4% below high
Failing evidence
Relative strengthRS 51
Volume vs average1.17x
3/6 checks
Method → Playbook → Ask →
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.

mediumSign of Strength — breakout above trading range on expanding volume. Accumulation phase complete, markup beginning. RS 51.

Passing evidence
Price$87.96
Distance from 52-week high2.4% below high
Failing evidence
Relative strengthRS 51
Volume vs average1.17x
3/6 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
99RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +1 B
A: 17 D: 16 Net: +165 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 1/3 met · earnings criteria N/A for ETFs
C 1/3 criteria
Separate score from the Minervini Trend Template (5/8): 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) 51
✗ Stage 2 uptrend (Weinstein) Stage 3
✓ Within 25% of 52W high -2.4%

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 →

Pattern Analysis

Record Volume ⚠ Weinstein Stage 3 (topping) ⚠ Not actionable yet
55 setup score
RS Score 51
Trend template 5/8
CANSLIM 64.4* (C)
cadence: daily lookback bars: 260 detector version: record_volume/2026-09-27 record bar ago: 7 record volume: 23369857 volume multiple: 2.39 volume ratio: 2.386 rare tier: ✗ bars since bigger: 136 since date: 2026-04-01 callout text: Highest daily volume since 2026-04-01 up day: ✗ absorbed: ✓ low held: ✓ day gain pct: -1.15 depth pct: 1.15 day range pct: 2.16 geometry: {'record_bar': {'bar': 252, 'bars_ago': 7, 'price': 86.68, 'date': '2026-10-15'}, 'record_volume': 23369857, 'callout_text': 'Highest daily volume since 2026-04-01', 'arrow_target': {'bar': 252, 'bars_ago': 7, 'price': 86.68, 'date': '2026-10-15'}} confidence kind: heuristic_match findings: ['Highest daily volume since 2026-04-01: 23,369,857 shares (2.4x the trailing average)', 'Price action constructive — down day fully absorbed since (record bar $87.69 -> $86.68, now $87.96)'] validation reason: valid generic setup multi tf evaluated: ✓ multi tf reason: weekly: MA stabilizing or rising — accumulation context supported
Why This Setup? D+W Confluence
Record Volume · schematic

Highest daily volume since 2026-04-01 — 23,369,857 shares (2.4x average), 7 bars ago, and price action is constructive (down day fully absorbed since). Big volume with holding prices means institutions are involved. Research/educational only, not a buy/sell recommendation. | Moderate trend (5/8) | Moderate pattern (68%) | Power Trend | Tight base (9 tight wks) | Readiness 49/100 (early) | CANSLIM 64.4 (C) | ⚠ Weinstein Stage 3 (topping); 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.

3/7 universals met
  • A relative-strength leader — not met RS rank 13 — laggard
  • Clear of earnings — partly met Report date unknown
  • In a confirmed uptrend — partly met Stage 3 · Trend template 5/8 — not yet Stage 2
  • Volume confirms — partly met 1.2× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • 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

5/8

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 $87.96 vs SMA150 $84.02 / SMA200 $84.32
SMA 150 above SMA 200 SMA150 $84.02 vs SMA200 $84.32
SMA 200 trending up Slope +0.63 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $84.42
Price above SMA 50 $87.96 vs SMA50 $84.42
30%+ above 52-week low +17.0% from $75.16
Within 25% of 52-week high -2.4% from $90.14
RS score above 70 RS 51

Fundamentals

52W Range
85%
Insider
No Buy

Company

Company profile
XLP
XLP
Track all markets on TradingView
O'Neil · Grade Card
ETF checklist — N, S, L, M only
C 64.4* CANSLIM * disqualified on M
C · Curr. EPS
N/A
A · Annual EPS
N/A
N · New Highs
100
S · Supply/Demand
100
L · Leader RS
51
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
4/8
W. RS
60
W. Support
$80.10
W. Resist
$89.99
W. Patterns
Basing
Weekly Structure

Scan History

20× streak
Oct 23: 55 (Record Volume)Oct 26: 55 (Record Volume)Oct 27: 55 (Record Volume)55
Oct 27
Record Volume
55
Oct 26
Record Volume
55 0.0%
Oct 23
Record Volume
55 -0.3%

Latest News

Headlines for XLP
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