20-Week Breakout Analysis — 2026-10-30

Overview

The 20-Week Breakout scan registered 237 total signals on 2026-10-30, split between 111 bullish (46.8%) and 126 bearish (53.2%) setups. This near-even split, tilted slightly bearish, confirms the current Cautious regime, where breadth sits at just 49.7% of names above their SMA-40 and sentiment reads Very Bearish/Neutral. Institutions are not aggressively rotating into breakouts — every top bullish name in today’s scan shows 0 funds reporting fresh accumulation, a meaningful red flag for conviction-based buying.

Leadership is concentrated in defensive-adjacent sectors (Utilities, Materials, Consumer Staples by ATR%), while Financials, Communication Services, and Technology are contracting — a classic late-cycle, risk-off rotation pattern.

Quality Score: 2/5. The balanced signal ratio and near-total absence of institutional fund confirmation argue for selective, tactical exposure only. Per regime rules, only the highest-conviction setups should be rated 4+ in a Cautious tape; today’s data does not clear that bar despite strong price/ATR multiples.

Top 5 Bullish Picks

REGN ($927.89) — Medical / Profitable Biotech

Open full analysis on WaveFinder →

Weekly Momentum: REGN posted the strongest breakout in the scan with a 5.81x ATR multiple and a 4.0x relative volume surge (2,847,983 vs. 718,710 average), pushing the stock to just 8.0% above its 52-week high. The move reflects outsized demand concentration in profitable biotech.

Level	Price
Current	$927.89
Risk (1x ATR)	$900.79
Target (2x ATR)	$982.09

Institutional Interest: 0 funds reporting; bucket funds_1000; fund % increase undefined — no confirmed smart-money follow-through yet.

ICLR ($211.36) — Medical / Research

Open full analysis on WaveFinder →

Weekly Momentum: ICLR’s 5.09x ATR multiple and 2.9x relative volume (2,578,154 vs. 904,280 avg) signal a sharp institutional-scale order flow event, with the stock now 217.5% above its 52-week low.

Level	Price
Current	$211.36
Risk (1x ATR)	$201.84
Target (2x ATR)	$230.40

Institutional Interest: 0 funds reporting; bucket funds_500; fund % increase undefined.

CSL ($376.20) — Diversified Operations

Open full analysis on WaveFinder →

Weekly Momentum: A 3.96x ATR multiple on near-average relative volume (0.9x) shows steady, broad-based accumulation rather than a single-day spike — a healthier breakout profile despite lighter volume confirmation.

Level	Price
Current	$376.20
Risk (1x ATR)	$365.09
Target (2x ATR)	$398.42

Institutional Interest: 0 funds reporting; bucket funds_1000; fund % increase undefined.

CACI ($675.06) — Computer-Tech Services

Open full analysis on WaveFinder →

Weekly Momentum: CACI’s 2.67x ATR multiple came on below-average relative volume (0.6x), suggesting the breakout is price-driven rather than volume-driven, with the stock sitting just -1.2% off its 52-week high.

Level	Price
Current	$675.06
Risk (1x ATR)	$654.67
Target (2x ATR)	$715.84

Institutional Interest: 0 funds reporting; bucket funds_500; fund % increase undefined.

TDY ($658.00) — Aerospace/Defense

Weekly Momentum: TDY’s 2.67x ATR multiple with 1.6x relative volume reflects a disciplined breakout in a defense sector that remains a relative safe-haven amid tech/financial weakness.

Level	Price
Current	$658.00
Risk (1x ATR)	$642.14
Target (2x ATR)	$689.72

Institutional Interest: 0 funds reporting; bucket funds_1000; fund % increase undefined.

Bearish Alerts

RDDT (-65.2% off 52-week high, -3.61x ATR) saw a massive 5.4x relative volume breakdown, the most severe distribution signal in the scan. LSTR (-3.84x ATR) and MDGL (-3.61x ATR) also confirm heavy selling pressure in Transportation and Revenue Biotech. ADBE’s breakdown (-31.0% off highs) underscores the broader Software/Technology weakness flagged in sector ATR% data.

Sector Theme

Momentum is rotating defensively: Utilities, Materials, and Consumer Staples lead on ATR%, while Technology, Communication Services, and Financials lag. Bullish breakouts today skew toward Medical/Biotech (REGN, ICLR, VRTX) and Industrial/Defense (TDY, CACI), consistent with a Cautious-regime flight to quality and essential-sector exposure over growth/cyclical names.

Institutional Summary

No tickers in today’s bullish or bearish lists show confirmed institutional fund accumulation — all report 0 funds with undefined % increase. This absence of institutional footprint across 237 signals reinforces a retail/algorithmic-driven tape, warranting tighter risk management and smaller position sizing until fund-level confirmation emerges.

Signals