Overview
The 20-Week Breakout scan recorded 172 total signals on 2026-10-10, split between 88 bullish (51.2%) and 84 bearish (48.8%) setups. This near-even split signals a balanced institutional posture — neither aggressive accumulation nor broad distribution dominates. Selectivity is key in this environment.
Market breadth stands at just 27.2% of stocks above SMA-40, confirming the system’s Bearish regime classification despite a “Bullish/Neutral” sentiment reading — a divergence suggesting narrow leadership. Sector ATR% data reinforces this: Health Care (1.3%), Technology (1.0%), and Energy (0.7%) are the only sectors showing positive volatility expansion, while Materials (-2.0%), Industrials (-2.1%), and Real Estate (-2.8%) are contracting hard.
Quality Score: 3/5. Per regime-adjustment protocol, bearish-regime headwinds cap conviction at 3 even though signal count and volume participation are healthy. Institutional fund counts across top bullish names remain modest (0–67 funds), and much of the bullish breadth is concentrated in low-float ETN/CEF vehicles with extreme ADR%, indicating speculative rather than broad-based accumulation.
Top 5 Bullish Picks
MRNX ($183.74) — ETF/ETN/CEF / Finance-ETF/ETN
Weekly Momentum: MRNX posted the largest dollar move of the session, up against a 52-week low gain of 1129.0%, with relative volume of 1.8x average (498,259 vs 285,350). ATR Multiple of 9.98 reflects an extreme volatility expansion, though the 198.5% LOD Risk ATR% signals outsized intraday swings — this is a high-beta, high-risk breakout.
| Level | Price |
|---|---|
| Support (Risk) | $153.99 |
| Entry/Current | $183.74 |
| Target | $223.40 |
Institutional Interest: 0 funds reporting; no institutional data available — pure retail/momentum-driven flow.
ZSQR ($5.66) — Finance / Crypto-Blockchain
Weekly Momentum: ZSQR rallied 168.3% off its 52-week low with an ATR Multiple of 4.86 and relative volume of 1.2x (541,717 vs 456,820 avg), suggesting genuine demand rather than thin-float noise.
| Level | Price |
|---|---|
| Support (Risk) | $4.75 |
| Entry/Current | $5.66 |
| Target | $6.88 |
Institutional Interest: 67 funds holding, +11.7% fund increase, 9.9% of float — strongest institutional footprint in this batch. Bucket: youth_ipo_less_5yrs.
SCTX ($21.17) — Medical / Development Biotech
Weekly Momentum: SCTX gained 56.8% off its 52-week low on in-line volume (1.1x relative), with ADR% of 14.7% indicating sustained daily volatility typical of catalyst-driven biotech moves.
| Level | Price |
|---|---|
| Support (Risk) | $16.33 |
| Entry/Current | $21.17 |
| Target | $27.63 |
Institutional Interest: 30 funds holding, 7.0% of float — meaningful institutional base for a biotech name.
PMI ($9.30) — Medical / Medical-Systems
Weekly Momentum: PMI surged 250.5% off its 52-week low with an ATR Multiple of 5.75, though relative volume at 0.2x (299,336 vs 1,868,740 avg) shows the move occurred on light turnover — a caution flag for sustainability.
| Level | Price |
|---|---|
| Support (Risk) | $7.47 |
| Entry/Current | $9.30 |
| Target | $11.74 |
Institutional Interest: 6 funds, +20.0% fund increase — smallest base but fastest percentage growth, worth monitoring for follow-through.
ASTN ($23.01) — ETF/ETN/CEF / Finance-ETF/ETN
Weekly Momentum: ASTN climbed 82.0% off its 52-week low on relative volume of 1.2x (479,335 vs 392,790 avg), with ADR% of 12.8% and LOD Risk ATR% of 109.5% reflecting a volatile but liquid breakout.
| Level | Price |
|---|---|
| Support (Risk) | $18.89 |
| Entry/Current | $23.01 |
| Target | $28.51 |
Institutional Interest: 0 funds reporting — no institutional footprint; purely technical/momentum-based signal.
Bearish Alerts
Bearish signals skew heavily toward ETF/ETN vehicles (SKHL, AEHG, SK) with weak relative volume (0.4–1.3x) and negative ATR Multiples between -0.63 and -1.44, suggesting fading momentum rather than aggressive selling. The standout is MOG-A ($363.05) in Aerospace & Defense, down with an ATR Multiple of -1.69 on 0.9x volume — notable given Industrials is a bottom-performing sector (-2.1% ATR%). RZAI ($10.15) in Software also warrants watching, sitting just -3.3% above its 52-week low.
Sector Theme
Health Care, Technology, and Energy are the only sectors generating positive ATR% expansion, aligning with bullish biotech (SCTX) and medical-device (PMI) breakouts in this scan. Conversely, Materials, Industrials, and Real Estate are contracting sharply, consistent with MOG-A’s bearish signal in Industrials. The divergence confirms a narrow, sector-rotational market rather than broad risk-on conditions.
Institutional Summary
ZSQR leads institutional accumulation with 67 funds and an 11.7% increase, followed by SCTX at 30 funds. PMI shows the fastest percentage fund growth (+20.0%) despite a small 6-fund base. MRNX and ASTN show zero institutional footprint, flagging them as momentum/technical plays rather than smart-money accumulation. Overall institutional participation remains thin across the bullish cohort, reinforcing the capped Quality Score of 3 under current bearish-regime conditions.