20-Week Breakout Analysis — 2026-11-08

Overview

Total 20-Week Signals: 467 — 148 bullish (31.7%) and 319 bearish (68.3%). With more than 60% of signals bearish, the ratio points to institutional distribution and a defensive posture. The SA Regime is Cautious, with 52.3% of stocks above SMA-40, which is only marginal breadth.

Bullish leadership is narrow and low quality. Nine of the ten top bullish signals come from leveraged or niche ETF/ETN/CEF products, and the rest are MSGR and BRK-B. Every ticker shows 0 institutional funds, and relative volume is mostly below 1.0. The leading sectors by ATR% are Utilities (2.7%), Health Care (2.1%) and Consumer Staples (2.1%), while Industrials (-1.5%), Energy (-2.1%) and Technology (-2.6%) lag.

Quality Score: 2 / 5. Signal count is high, but the bearish skew, absent institutional data, thin volume and Cautious regime limit conviction.

Top 5 Bullish Picks

BRK-B ($571.07) — Financial / Insurance - Diversified

Weekly Momentum: A dollar_20_wk breakout, 2.6% below its 52-week high and 23.1% above its 52-week low. Relative volume of 1.2 (5,351,183 vs. 4,565,530 average) shows above-average participation. This is the only large-cap, liquid name with volume confirmation.

Level	Price
Entry	$571.07
Stop (1 ATR, $9.41)	$561.66
Target 1 (+1 ATR)	$580.48
Target 2 (+2 ATR)	$589.89

Institutional Interest: 0 funds reported, funds % increase undefined, bucket N/A. Note the ATR multiple of 5.76 is extended and LOD risk is 121.8% of ATR.

MSGR ($240.09) — Leisure / Leisure-Services

Weekly Momentum: A dollar_20_wk signal, just 1.6% below its 52-week high and 36.4% above its 52-week low. Relative volume is 0.8 (167,473 vs. 218,790 average), so participation is modest. ATR multiple is 1.75, less extended than most peers.

Level	Price
Entry	$240.09
Stop (1 ATR, $17.38)	$222.71
Target 1 (+1 ATR)	$257.47
Target 2 (+2 ATR)	$274.85

Institutional Interest: 0 funds, funds % increase undefined, bucket N/A. LOD risk is 89.6% of ATR.

ORCZ ($21.13) — ETF/ETN/CEF / Finance-ETF / ETN

Weekly Momentum: A pct_20_wk signal and the only ETF name with relative volume above 1.0 (1.1; 247,040 vs. 216,080 average). It is 29.1% below its 52-week high and 76.5% above its low. ATR multiple is 2.08.

Level	Price
Entry	$21.13
Stop (1 ATR, $2.32)	$18.81
Target 1 (+1 ATR)	$23.45
Target 2 (+2 ATR)	$25.77

Institutional Interest: 0 funds, funds % increase undefined, bucket N/A. ADR% is 8.2%, so expect volatility.

RAMZ ($26.51) — ETF/ETN/CEF / Finance-ETF / ETN

Weekly Momentum: A pct_20_wk signal with relative volume of 0.8 (451,673 vs. 575,180 average). It sits 20.8% below its 52-week high and 111.6% above its low. ATR multiple is 5.73, which is extended, and LOD risk is 93.7% of ATR.

Level	Price
Entry	$26.51
Stop (1 ATR, $2.52)	$23.99
Target 1 (+1 ATR)	$29.03
Target 2 (+2 ATR)	$31.55

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

AXTQ ($53.68) — ETF/ETN/CEF / Finance-ETF / ETN

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Weekly Momentum: AXTQ triggered both dollar_20_wk and pct_20_wk signals, the only ticker to do so. It is 21.0% below its 52-week high and 199.9% above its low. ADR% is 17.6% and ATR multiple is 2.84. Relative volume is a soft 0.6 (196,673 vs. 358,140 average).

Level	Price
Entry	$53.68
Stop (1 ATR, $8.81)	$44.87
Target 1 (+1 ATR)	$62.49
Target 2 (+2 ATR)	$71.30

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

Bearish Alerts

Bearish signals outnumber bullish ones 319 to 148. Medical - Development Biotech is the weakest group, with three of the five names shown:

• LIME ($17.64) — Finance / Comml Svcs-Leasing; ATR multiple -2.88, relative volume 1.7, 60.3% below its 52-week high; 59 funds.
• ADRX ($13.23) — ATR multiple -2.11, 43.0% below its high; 56 funds.
• IAM ($10.17) — ATR multiple -1.24, 59.3% below its high and 3.6% below its 52-week low; 0 funds.
• ASPE ($12.44) — ATR multiple -0.19, relative volume 0.3; 0 funds.
• ACCV ($11.06) — Machine / Electrical-Power/Equipmt; ATR multiple -1.51; 19 funds.

LIME’s relative volume of 1.7 alongside heavy fund ownership suggests the most meaningful selling pressure.

Sector Theme

The bullish list is dominated by the ETF/ETN/CEF group (SKDD, ASTN, AXTQ, AAOZ, LITZ, RAMZ, ORCZ), which reflects speculative, high-ADR trading rather than broad sector leadership. Outside it, only Leisure (MSGR) and Financial (BRK-B) appear. The bullish signals do not line up with the top ATR% sectors (Utilities, Health Care, Consumer Staples), and biotech is among the bearish groups. Cross-sector confirmation is weak.

Institutional Summary

All ten bullish tickers show 0 funds, with funds % increase and funds % undefined, so there are no accumulation signals. On the bearish side, LIME (59 funds), ADRX (56 funds) and ACCV (19 funds) have the largest institutional holdings, and all are showing weakness. In a Cautious regime, treat bullish setups as tactical, size positions conservatively and keep stops tight.

Signals