20-Week Breakout Analysis — 2026-11-03

Overview

Today’s scan produced 291 total 20-week signals: 168 bullish (57.7%) and 123 bearish (42.3%). This falls in the balanced range (40-70% bullish), pointing to mixed institutional sentiment and selective opportunities rather than broad accumulation. The SA regime is Cautious, with breadth at 50.8% above SMA-40 and sentiment Bullish / Neutral.

Many top movers are low-volume ETF/ETN products or small caps with zero or limited institutional ownership. Leading sectors by ATR% are Utilities (3.0%), Materials (2.3%) and Health Care (2.3%), while Financials (-0.7%), Communication Services (-1.5%) and Technology (-2.1%) lag.

Quality Score: 3/5. Signal count is healthy and the ratio is moderately constructive, but the Cautious regime, weak breadth and thin institutional backing in many names limit conviction.

Top 5 Bullish Picks

CDNA ($88.47) — Medical / Medical-Services

Weekly Momentum: CDNA triggered both dollar_20_wk and pct_20_wk signals. It trades 2.6% below its 52-week high and 520.0% above its 52-week low, with an ATR multiple of 7.82 (extended), relative volume of 1.2 and volume of 1,585,814 against a 1,322,450 average. ADR is 5.7%.

Level	Price	Basis
Risk (stop)	$83.51	1 ATR ($4.96) below
Target 1	$93.43	+2 ATR
Target 2	$98.39	+3 ATR

Institutional Interest: 452 funds, funds % increase 18.3%, funds % 69.6%. Bucket: all_unique_bucket_0_stocks. Extension suggests waiting for a pullback.

MWH ($26.81) — Building / Bldg-Heavy Construction

Weekly Momentum: Volume of 2,173,084 versus a 1,524,530 average (relative volume 1.4) supports the move. ATR multiple is 1.31 and ADR is 4.8%. The stock sits 44.6% below its 52-week high and 32.1% above its low. LOD risk ATR% is 152.7%, so a wider stop is needed.

Level	Price	Basis
Risk (stop)	$25.31	1 ATR ($1.50) below
Target 1	$29.81	+2 ATR
Target 2	$31.31	+3 ATR

Institutional Interest: 277 funds, funds % increase 18.4%, funds % 99.0%. Bucket: all_unique_bucket_1_stocks.

COAG ($43.10) — Medical / Medical - Development Biotech

Weekly Momentum: ATR multiple of 2.27, ADR of 7.6% and relative volume of 1.0 (465,585 shares). The stock is 22.2% below its 52-week high and 87.4% above its low. LOD risk ATR% is 71.2%.

Level	Price	Basis
Risk (stop)	$40.36	1 ATR ($2.74) below
Target 1	$48.58	+2 ATR
Target 2	$51.32	+3 ATR

Institutional Interest: 134 funds, funds % increase 52.3%, funds % 55.9%. Bucket: bucket_0_youth_ipo_less_5yrs. This is the strongest accumulation rate among the names with meaningful fund counts.

KPLT ($10.09) — Retail / Retail-Internet

Weekly Momentum: ATR multiple of 3.83 and ADR of 9.5%. It trades 20.4% below its 52-week high and 162.1% above its low. LOD risk ATR% is a low 6.1%, allowing a tight stop. Relative volume is 0.8, so volume confirmation is modest.

Level	Price	Basis
Risk (stop)	$8.95	1 ATR ($1.14) below
Target 1	$12.37	+2 ATR
Target 2	$13.51	+3 ATR

Institutional Interest: 25 funds, funds % increase 38.9%, funds % 13.6%. Bucket: bucket_0_youth_ipo_less_5yrs.

NVA ($5.11) — Mining / Mining-Gold/Silver/Gems

Open full analysis on WaveFinder →

Weekly Momentum: The standout is relative volume of 3.4, with 1,677,856 shares against a 493,710 average. ATR multiple is 0.26, so the stock is not extended. It is 42.5% below its 52-week high and 846.3% above its low. LOD risk ATR% is 152.4%, which is high.

Level	Price	Basis
Risk (stop)	$4.69	1 ATR ($0.42) below
Target 1	$5.95	+2 ATR
Target 2	$6.37	+3 ATR

Institutional Interest: 5 funds, funds % increase 66.7%, funds % 3.1%. Bucket: N/A. Ownership is thin, so treat as speculative.

Bearish Alerts

• OFRM ($9.54) — Food - Packaged; ATR multiple -3.50 on relative volume 4.9, 64.7% below its 52-week high, 0 funds. Heavy-volume distribution.
• APMD ($15.06) — Development Biotech; ATR multiple -2.70, relative volume 1.2, 57.3% below its high, 48 funds.
• GOOL ($7.98) — Finance-ETF / ETN; ATR multiple -4.10, relative volume 1.4.
• ASSX ($12.06) and LITU ($8.93) — ETF/ETN; ATR multiples -1.83 and -1.67.

Weakness is concentrated in leveraged and single-stock-linked ETF/ETN products, along with Food and Development Biotech names.

Sector Theme

Momentum is scattered. Bullish signals span Medical (CDNA, COAG), Building (MWH), Retail (KPLT) and Mining (NVA). Medical shows the strongest institutional backing. Bearish ETF/ETN signals alongside bullish ETF names (RVNL, LITZ, SOFA) point to volatile, two-way trading in that group. Given the Cautious regime and negative ATR% in Technology, Financials and Communication Services, selectivity is warranted.

Institutional Summary

• CDNA: 452 funds, +18.3%, 69.6% funds
• MWH: 277 funds, +18.4%, 99.0% funds
• COAG: 134 funds, +52.3%, 55.9% funds
• KPLT: 25 funds, +38.9%, 13.6% funds
• NVA: 5 funds, +66.7%, 3.1% funds

COAG shows the most meaningful accumulation among well-owned names, while CDNA and MWH offer the deepest institutional sponsorship.

Signals