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The Coil Report.
SIGNALS — Daily Post-Close Scan
2026-07-24 · published after the close · 8 setups cleared the screen
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Market regime — read this first
Still an uptrend on paper — but the tape is telling you to be picky.
| Regime | UPTREND UNDER PRESSURE |
| Distribution days | 7 |
| Breadth | 54% above 50-day |
The market's still up but showing cracks. Translation: be patient. Watch the list below, but this isn't a week to chase anything.
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What "Contraction" means
One number does that measuring for you: Contraction compares how wide the stock's price swings are right now (the last few weeks) to how wide they were at the start of the base. A stock that's "tightened 69%" is trading in a range less than a third as wide as when the base began — the spring wound down to almost nothing, which is exactly the quiet this whole approach is built to catch. The higher that number, the tighter the coil.
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BAC (Bank of America)
NEAR BREAKOUT
GRADE Cscore 60/100
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| Watch above (pivot) | $62.12 |
| Contraction | Tightened 32% vs. opening range |
| Current price | $62.05 |
| Volume | 0.6x the 50-day average |
| Fundamentals | Not confirmed |
The read. Tightened 32% vs. opening range, with volume running 0.6x the 50-day average. The setup clears 8 of 8 trend-template criteria and sits in the 71st percentile for relative strength. A move above $62.12 would confirm the setup is playing out; a drop back through the base's recent low would mean the setup is no longer valid.
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MRK (Merck)
NEAR BREAKOUT
GRADE Cscore 59/100
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| Watch above (pivot) | $131.74 |
| Contraction | Tightened 32% vs. opening range |
| Current price | $131.08 |
| Volume | 0.4x the 50-day average |
| Fundamentals | Not confirmed |
The read. Tightened 32% vs. opening range, with volume running 0.4x the 50-day average. The setup clears 8 of 8 trend-template criteria and sits in the 86th percentile for relative strength. A move above $131.74 would confirm the setup is playing out; a drop back through the base's recent low would mean the setup is no longer valid.
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AMGN
NEAR BREAKOUT
GRADE Cscore 62/100
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| Watch above (pivot) | $378.54 |
| Contraction | Tightened 50% vs. opening range |
| Current price | $376.04 |
| Volume | 0.6x the 50-day average |
| Fundamentals | Not confirmed |
The read. Tightened 50% vs. opening range, with volume running 0.6x the 50-day average. The setup clears 8 of 8 trend-template criteria and sits in the 64th percentile for relative strength. A move above $378.54 would confirm the setup is playing out; a drop back through the base's recent low would mean the setup is no longer valid.
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USB (U.S. Bancorp)
NEAR BREAKOUT
GRADE Cscore 59/100
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| Watch above (pivot) | $64.84 |
| Contraction | Tightened 31% vs. opening range |
| Current price | $63.98 |
| Volume | 0.6x the 50-day average |
| Fundamentals | Not confirmed |
The read. Tightened 31% vs. opening range, with volume running 0.6x the 50-day average. The setup clears 8 of 8 trend-template criteria and sits in the 77th percentile for relative strength. A move above $64.84 would confirm the setup is playing out; a drop back through the base's recent low would mean the setup is no longer valid.
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DE (John Deere)
ACTIVE BASE
GRADE Cscore 69/100
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| Watch above (pivot) | $638.99 |
| Contraction | Tightened 64% vs. opening range |
| Current price | $628.32 |
| Volume | 0.6x the 50-day average |
| Fundamentals | Not confirmed |
The read. Tightened 64% vs. opening range, with volume running 0.6x the 50-day average. The setup clears 8 of 8 trend-template criteria and sits in the 69th percentile for relative strength. A move above $638.99 would confirm the setup is playing out; a drop back through the base's recent low would mean the setup is no longer valid.
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PNC (PNC Financial)
ACTIVE BASE
GRADE Cscore 66/100
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| Watch above (pivot) | $256.49 |
| Contraction | Tightened 55% vs. opening range |
| Current price | $250.94 |
| Volume | 0.4x the 50-day average |
| Fundamentals | Not confirmed |
The read. Tightened 55% vs. opening range, with volume running 0.4x the 50-day average. The setup clears 8 of 8 trend-template criteria and sits in the 69th percentile for relative strength. A move above $256.49 would confirm the setup is playing out; a drop back through the base's recent low would mean the setup is no longer valid.
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EXEL
ACTIVE BASE
GRADE Cscore 59/100
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| Watch above (pivot) | $57.57 |
| Contraction | Tightened 37% vs. opening range |
| Current price | $55.38 |
| Volume | 0.4x the 50-day average |
| Fundamentals | Not confirmed |
The read. Tightened 37% vs. opening range, with volume running 0.4x the 50-day average. The setup clears 8 of 8 trend-template criteria and sits in the 70th percentile for relative strength. A move above $57.57 would confirm the setup is playing out; a drop back through the base's recent low would mean the setup is no longer valid.
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ROIV (Roivant)
ACTIVE BASE
GRADE Bscore 80/100
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| Watch above (pivot) | $37.00 |
| Contraction | Tightened 69% vs. opening range |
| Current price | $35.03 |
| Volume | 0.5x the 50-day average |
| Fundamentals | Confirmed |
The read. Tightened 69% vs. opening range, with volume running 0.5x the 50-day average. The setup clears 8 of 8 trend-template criteria and sits in the 97th percentile for relative strength. A move above $37.00 would confirm the setup is playing out; a drop back through the base's recent low would mean the setup is no longer valid.
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The Coil Report is a financial publication, not an investment adviser.
This issue is impersonal, general-circulation commentary for a broad audience — educational and informational only. Nothing here is a recommendation to buy, sell, or hold any security for any specific reader. Trading carries substantial risk, including the risk of losing more than you invest. Patterns fail regularly; grades describe pattern quality, not expected returns. Levels are reference points for your own research, not instructions. Consult a licensed financial professional before acting. References to VCP and CAN SLIM describe publicly taught concepts; The Coil Report is not affiliated with Mark Minervini, William J. O'Neil, or Investor's Business Daily. This issue is proprietary research — levels and reads are our own model-based analysis built from widely available market inputs, not a republication of any vendor's database or time series.
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