20-Week Breakout Analysis — 2026-11-04

Overview

Today’s scan produced 510 total 20-week signals: 273 bullish (53.5%) and 237 bearish (46.5%). This falls in the balanced range (40-70% bullish), indicating mixed institutional sentiment and selective opportunities rather than broad accumulation. The SA Regime is Cautious, with breadth at 57.5% above SMA-40 and sentiment Very Bullish / Bullish. Leading sectors by ATR% are Consumer Staples (3.6%), Utilities (3.5%) and Health Care (3.2%), while Communication Services (-0.1%), Energy (-1.1%) and Technology (-2.6%) lag.

Quality Score: 2.5 / 5. Signal count is large and the ratio is balanced, but average institutional participation is thin (most top movers show 0 funds), several leaders are leveraged or niche ETFs, and the cautious regime demands high conviction. Only a few setups merit attention.

Top 5 Bullish Picks

VNCE ($13.58) — Consumer / Apparel - Clothing & Shoes

Weekly Momentum: A pct_20_wk breakout with an ATR multiple of 4.30, relative volume of 1.0 and price just 1.4% below its 52-week high. It is up 596.4% from its 52-week low, so the trend is powerful but extended.

Level	Price	Basis
Entry	$13.58	Current
Stop	$12.46	1 ATR ($1.12)
Target 1	$15.82	2 ATR
Target 2	$16.94	3 ATR

Institutional Interest: 54 funds, funds % increase 28.6%, funds % 29.0%. Bucket: N/A. This is the strongest institutional profile of the group.

JMKE ($20.99) — Retail / Retail-Restaurants

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Weekly Momentum: A pct_20_wk signal with an ATR multiple of 2.45, relative volume of 1.0 (3,276,399 vs. 3,151,100 average) and an ADR of 5.3%. It sits 16.0% below its 52-week high and 31.5% above its low, leaving room for recovery.

Level	Price	Basis
Entry	$20.99	Current
Stop	$20.00	1 ATR ($0.99)
Target 1	$22.97	2 ATR
Target 2	$23.96	3 ATR

Institutional Interest: 100 funds holding 5.7%, funds % increase undefined. Bucket: N/A. This is the broadest fund ownership today.

NVA ($5.27) — Mining / Mining-Gold/Silver/Gems

Weekly Momentum: A pct_20_wk breakout on relative volume of 2.8 (1,443,314 vs. 516,820 average), the heaviest volume confirmation among the bullish names. It is up 875.9% from its 52-week low but still 40.6% below its high, and the ATR multiple of 0.66 shows the move is not yet stretched.

Level	Price	Basis
Entry	$5.27	Current
Stop	$4.83	1 ATR ($0.44)
Target 1	$6.15	2 ATR
Target 2	$6.59	3 ATR

Institutional Interest: 8 funds, funds % increase 166.7%, funds % 3.1%. Bucket: N/A. Accumulation is rapid from a small base.

BRK-B ($579.66) — Financial / Insurance - Diversified

Weekly Momentum: A dollar_20_wk signal with an ATR multiple of 8.02, relative volume of 1.5 (6,723,469 shares) and price 3.6% below its 52-week high. Low ADR (1.1%) makes this a large-cap, low-volatility advance, a profile suited to a cautious regime.

Level	Price	Basis
Entry	$579.66	Current
Stop	$571.20	1 ATR ($8.46)
Target 1	$596.58	2 ATR
Target 2	$605.04	3 ATR

Institutional Interest: Fund data shows 0 funds, so institutional confirmation is absent in this dataset. Bucket: N/A. The elevated ATR multiple warns against chasing.

MSGR ($228.39) — Communication Services / Entertainment

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Weekly Momentum: A dollar_20_wk signal with relative volume of 1.4 (300,963 vs. 212,230 average), an ATR multiple of 1.21 and price 2.3% below its 52-week high. Its sector is among the weakest by ATR% (-0.1%), which tempers conviction.

Level	Price	Basis
Entry	$228.39	Current
Stop	$210.96	1 ATR ($17.43)
Target 1	$263.25	2 ATR
Target 2	$280.68	3 ATR

Institutional Interest: 0 funds, funds % increase undefined. Bucket: N/A.

Bearish Alerts

• LIME ($18.39): ATR multiple -2.88 on relative volume of 5.9, the heaviest selling pressure of the group. 59 funds hold it, 58.6% below its 52-week high.
• GOOL ($8.50): ATR multiple -3.57 on relative volume of 4.0, 46.6% off its high.
• OFRM ($9.93): ATR multiple -3.45, relative volume 2.1, 63.2% below its high.
• MULL ($13.35): ATR multiple -2.40, relative volume 2.1, 69.3% below its high.
• ACCV ($11.70): ATR multiple -1.41, relative volume 1.6, 19 funds.

Weakness spans Finance, Food/Beverage, Machinery and Finance-ETF products.

Sector Theme

Finance-ETF / ETN products dominate both lists (NBIZ, AAOZ, IREZ, LITZ, AXTQ on the bullish side; GOOL, MULL on the bearish side), pointing to speculative, volatile trading rather than fundamental rotation. Real-economy breakouts are scattered across Retail, Consumer, Mining and Financial. The leading ATR% sectors (Staples, Utilities, Health Care) are not represented among today’s top movers, so leadership is not aligned with the top sectors.

Institutional Summary

• JMKE: 100 funds, 5.7% funds.
• VNCE: 54 funds, 28.6% increase, 29.0% funds, the best combined ownership and accumulation.
• NVA: 8 funds, 166.7% increase, an early accumulation signal.
• LIME (bearish): 59 funds amid heavy distribution volume.

Most other bullish movers show 0 funds, so selectivity is essential in this Cautious regime.

Signals