Overview
The 20-Week Breakout scan generated 139 total signals on 2026-09-29, split between 47 bullish (33.8%) and 92 bearish (66.2%) moves. With bearish signals outweighing bullish by nearly 2-to-1, this reading falls into the mostly bearish zone, consistent with the current Correction regime and breadth reading of just 17.8% of stocks above their SMA-40. Sentiment remains Bullish/Oversold, suggesting a market searching for footing rather than confirming a new uptrend.
Leading sectors by ATR% — Health Care (2.0%), Technology (1.3%) — align with several of today’s top bullish names in Medical and Software/Chips, a constructive sign. However, Financials, Real Estate, and Utilities are showing clear weakness (-2.2% to -3.9% ATR%), and it’s notable that even a bullish Utility name (TLN) is diverging from its sector’s broader trend.
Quality Score: 2/5. Per regime guidance, Correction conditions cap quality at 3, and the heavy bearish skew (66.2%), combined with zero disclosed institutional fund counts across all featured tickers, limits conviction further. Selectivity is warranted; today’s bullish setups should be treated as tactical, not trend-confirming.
Top 5 Bullish Picks
CDNS ($324.17) — SOFTWARE / Computer Sftwr-Design
CDNS posted a $20+ weekly gain on modest relative volume (1.1x) and a low ATR Multiple of 0.55, indicating an orderly, low-volatility advance rather than a volume spike. Trading 22.2% off its 52-week high with a 23.4% cushion above its 52-week low, the setup reflects steady accumulation in a leading Technology sector name.
| Level | Price |
|---|---|
| Entry | $324.17 |
| Stop Loss (-2 ATR) | $302.17 |
| Target 1 (+2 ATR) | $346.17 |
| Target 2 (+3 ATR) | $357.17 |
Institutional Interest: 0 funds disclosed; funds % increase undefined. Bucket: funds_1000, suggesting eligibility within a large institutional coverage universe despite no confirmed new positions.
TLN ($314.84) — UTILITY / Utilities
TLN’s advance stands out as a Utility name bucking sector weakness (Utilities ATR% -3.9%). A negative ATR Multiple (-0.56) alongside 1.1x relative volume suggests the move occurred with limited volatility expansion, hinting at steady buying rather than a blow-off spike.
| Level | Price |
|---|---|
| Entry | $314.84 |
| Stop Loss (-2 ATR) | $288.56 |
| Target 1 (+2 ATR) | $341.12 |
| Target 2 (+3 ATR) | $354.26 |
Institutional Interest: 0 funds disclosed; funds % increase undefined. Bucket: funds_500.
ONTO ($304.71) — CHIPS / Elec-Semiconductor Equip
ONTO’s breakout carries a strong ATR Multiple of 1.63 despite below-average relative volume (0.6x), reflecting genuine price expansion. The stock is up 156.1% from its 52-week low, aligning with Technology’s sector leadership and continued semiconductor equipment demand.
| Level | Price |
|---|---|
| Entry | $304.71 |
| Stop Loss (-2 ATR) | $273.67 |
| Target 1 (+2 ATR) | $335.75 |
| Target 2 (+3 ATR) | $351.27 |
Institutional Interest: 0 funds disclosed; funds % increase undefined. Bucket: funds_500.
DDOG ($268.56) — SOFTWARE / Comp Sftwr-Enterprise
DDOG shows a robust 2.23 ATR Multiple with 174.0% gain off its 52-week low and only 8.3% below its 52-week high — a strong relative strength profile within the leading Technology sector, even with light relative volume (0.7x).
| Level | Price |
|---|---|
| Entry | $268.56 |
| Stop Loss (-2 ATR) | $243.24 |
| Target 1 (+2 ATR) | $293.88 |
| Target 2 (+3 ATR) | $306.54 |
Institutional Interest: 0 funds disclosed; funds % increase undefined. Bucket: bucket_0_youth_ipo_less_5yrs — young issuer with growing institutional coverage potential.
ILMN ($272.00) — MEDICAL / Medical-Research
ILMN’s exceptional 6.34 ATR Multiple and proximity to its 52-week high (-2.1%) mark it as the strongest technical setup in today’s bullish group, reinforced by Health Care’s sector leadership (2.0% ATR%). Up 209.1% from its 52-week low, momentum is well established.
| Level | Price |
|---|---|
| Entry | $272.00 |
| Stop Loss (-2 ATR) | $248.86 |
| Target 1 (+2 ATR) | $295.14 |
| Target 2 (+3 ATR) | $306.71 |
Institutional Interest: 0 funds disclosed; funds % increase undefined. Bucket: funds_1000.
Bearish Alerts
URI (-14.0% off 52W high, 2.5x rel. volume) shows the heaviest bearish volume of the group, signaling active distribution in Financials-classified leasing. AZO and INTU are deeply extended off their 52-week highs (-33.7% and -61.9% respectively) with negative ATR multiples of -1.16 and -3.53, indicating persistent selling pressure in Retail and Software-Financial. FSLR posted the steepest ATR Multiple decline (-2.86) as Solar Energy names remain under pressure. TSLA, despite a positive ATR Multiple (0.44), still registered on the bearish list, reflecting choppy, volatile price action within Auto Manufacturing.
Financials, Real Estate, and Utilities are the weakest sectors by ATR%, reinforcing a defensive tone for rate-sensitive and cyclical groups.
Sector Theme
Bullish breadth concentrates in Chips, Software, and Medical — all tied to the session’s leading sectors (Technology, Health Care). This alignment between top bullish tickers and top-performing sectors is the strongest positive signal in today’s data. Conversely, bearish pressure is broad-based across Financials, Retail, Energy-Solar, and Software-Financial, with Utilities and Real Estate flagged as the weakest sectors overall despite one outlier (TLN) bucking the trend.
Institutional Summary
No tickers in today’s scan disclosed active institutional fund counts (all showing 0 funds, funds % increase undefined), limiting direct accumulation confirmation. Bucket classifications offer indirect context: CDNS, ILMN, MRNA, and TLN fall into higher-coverage funds_1000/funds_500 buckets, suggesting established institutional eligibility, while DDOG’s youth/IPO bucket and KOD’s ipo_5_to_10_yrs bucket point to earlier-stage names where institutional positioning may still be building. Given the data gap, investors should treat institutional interest as inconclusive this cycle and rely primarily on price/volume and ATR-based risk management.