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# The Technical Half: What CANSLIM and the Minervini Template Actually Measure
- URL: https://www.altamiraequity.com/evergreen-technical-half-2026-11-11/
- Published: 2026-11-12T05:34:18.000Z
- Updated: 2026-11-12T05:34:18.000Z
- Description: Thirty percent of every score comes from the market's own behaviour: a six-criterion Minervini trend template, six momentum gauges, a rule-based trend state, and CANSLIM letter grades that reach back into earnings and sponsorship the pillar never scores.
- Author: Altamira Capital
- Tags: Research, #qc-review

A scorecard that only read financial statements would be a history book. Thirty percent of every total score on this site comes from the technical pillar — the market's own behaviour — and this article explains the two frameworks inside it: Mark Minervini's trend template, which anchors the pillar, and the CANSLIM grades shown alongside each name.

## Why the price gets a vote at all

![Thirty percent of every total score is technical; the worked example is Taiwan Semiconductor, which meets five of the six trend-template criteria in the 11 November edition](https://www.altamiraequity.com/content/images/2026/11/evergreen-technical-half-2026-11-11-split.png)

Thirty percent of every total score is technical; the worked example is Taiwan Semiconductor, which meets five of the six trend-template criteria in the 11 November edition. Source: Altamira KPI Scorecard methodology.

Fundamentals describe the business; the technical pillar describes whether the market is currently agreeing, and how strongly. The blend is deliberate: at 30%, the trend can veto a cheap-but-broken chart and can lift a strong business whose statements have not yet caught up — but it can never outvote the 70% fundamental composite on its own. Every tier change on the site can be decomposed into the two halves, and the interesting stories are usually where they disagree.

## The Minervini trend template

The single heaviest component of the technical pillar (30% of it) is a six-criterion trend template adapted from Minervini's published method. A name earns credit for each test it passes:

1\. The price trades above its 50-day moving average. 2\. The moving averages are stacked in order — the 50-day above the 150-day, the 150-day above the 200-day. 3\. The 200-day average itself is rising. 4\. The price sits within 25% of its 52-week high. 5\. The price sits at least 30% above its 52-week low. 6\. Relative strength ranks at 70 or better against the S&P 500 over twelve months.

The tests are structural, not predictive: together they describe a share in an established uptrend with leadership characteristics, and a name meeting five or six of them is in a materially different market position from one meeting two — whatever the income statement says.

## The rest of the pillar

![The technical pillar's components and their weights: the six-criterion trend template is the heaviest at 30%, followed by the six-month relative-strength rank at 25%](https://www.altamiraequity.com/content/images/2026/11/evergreen-technical-half-2026-11-11-components.png)

The technical pillar's components and their weights: the six-criterion trend template is the heaviest at 30%, followed by the six-month relative-strength rank at 25%. Source: Altamira KPI Scorecard methodology.

Around the template sit the momentum gauges, each scored on its own published scale: **relative-strength rank over six months** (25% of the pillar — a percentile against the whole scored universe, so 50 is average by construction), **three-month return** (10%), **RSI-14** (10%, scored on a 30–70 scale with readings above 70 flagged as overbought rather than rewarded), **MACD histogram** (10%), **distance versus the 200-day average** (10%), and **distance from the 52-week high** (5%). The pillar then feeds a plain-language **trend state** — UPTREND, RECOVERING, STAGNANT, PULLBACK, DRIFTING, MIXED or NO DATA — assigned by a rule table over the moving-average stack, the slope of the 200-day average, and three- and six-month returns. The state is calculated from the same cells; it adds no new information, only a readable summary.

## The CANSLIM grades

Alongside the score, each company page carries letter grades for CANSLIM, William O'Neil's growth-stock framework: **C**urrent quarterly earnings, **A**nnual earnings growth, **N**ew products, management or catalysts, **S**upply and demand, **L**eader or laggard, **I**nstitutional sponsorship, and **M**arket direction. In the dataset each letter is graded PASS, BORDERLINE or FAIL from the underlying cells — earnings growth rates, relative-strength standing, sponsorship data and the market's own trend checks.

The two frameworks overlap but are not redundant. The trend template is purely about the chart's structure; CANSLIM reaches back into the earnings cells (C and A) and into sponsorship and market context (I and M) that the pillar does not score. A name can pass the template while failing CANSLIM's earnings letters — a chart running ahead of its fundamentals — or post strong CANSLIM letters under a broken template, which is the classic strong-business, wrong-moment profile. In the 11 November edition, Taiwan Semiconductor shows the second pattern in miniature: five of six trend-template criteria met and a 13-of-13 quality pass, against CANSLIM letters held back by the market-direction and supply-demand grades. The frameworks are the site's way of keeping both halves of that sentence visible at once.

*Sources: Altamira KPI Scorecard methodology (technical pillar components, weights and scoring scales; trend-state rule table) and the edition of 11 November 2026 for the worked example. CANSLIM and the trend template are the published frameworks of William O'Neil and Mark Minervini respectively, as implemented in the scorecard dataset. Research for information only — not investment advice.*