20-Week Breakout Analysis — 2026-11-13

Overview

Today’s scan produced 232 total 20-week signals: 162 bullish (69.8%) and 70 bearish (30.2%). This sits just under the 70% threshold for “mostly bullish,” so institutional sentiment is best described as balanced with a bullish tilt. However, the regime is Cautious, with breadth at 55.6% above SMA-40 and sentiment at Very Bearish / Neutral. Leadership is narrow: Utilities (3.2%), Consumer Staples (2.7%) and Health Care (1.9%) lead, while Industrials (0.1%), Energy (-0.4%) and Technology (-1.9%) lag.

Most top movers are ETF/ETN/CEF products rather than operating companies, and nearly all show 0 institutional funds. That weakens conviction. Quality Score: 2 out of 5. The signal count is healthy, but fund participation is thin and the regime calls for selectivity.

Top 5 Bullish Picks

BRK-B ($592.81) — Financial / Insurance - Diversified

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Weekly Momentum: A dollar_20_wk breakout on normal volume (Rel Volume 1.0; 4,752,154 vs. 4,622,180 average). It trades 0.7% below its 52-week high and 27.8% above its 52-week low, with an ATR multiple of 7.29 and ADR of 1.1%. This is the cleanest, lowest-volatility setup in the batch.

Level	Price	Basis
Entry	$592.81	Current
Stop	$583.12	1 ATR ($9.69)
Target 1	$602.50	+1 ATR
Target 2	$612.19	+2 ATR

Institutional Interest: 0 funds reported; funds % increase undefined; no bucket.

ITG ($5.68) — Telecom / Telecom-Infrastructure

Weekly Momentum: A pct_20_wk move on 3.0x relative volume (1,652,218 vs. 545,520 average). It remains 70.5% below its 52-week high, so this is a rebound from depressed levels, with 38.0% gain off the low. ADR is 11.4%.

Level	Price	Basis
Entry	$5.68	Current
Stop	$4.88	1 ATR ($0.80)
Target 1	$6.48	+1 ATR
Target 2	$7.28	+2 ATR

Institutional Interest: 49 funds, funds % increase 600.0%, funds % 5.8%. This is the only pick with meaningful accumulation.

AMDG ($87.26) — ETF/ETN/CEF / Finance-ETF / ETN

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Weekly Momentum: A dollar_20_wk move on 3.0x relative volume (130,238 vs. 44,070 average). The product is up 376.6% from its 52-week low but 43.5% below its high. ADR is 6.3%.

Level	Price	Basis
Entry	$87.26	Current
Stop	$73.36	1 ATR ($13.90)
Target 1	$101.16	+1 ATR
Target 2	$115.06	+2 ATR

Institutional Interest: 0 funds; no bucket.

CSEX ($5.94) — ETF/ETN/CEF / Finance-ETF / ETN

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Weekly Momentum: A pct_20_wk move on 1.8x relative volume (330,928 vs. 189,330 average). It is 82.3% below its 52-week high and 46.7% above its low. ADR is 9.3%.

Level	Price	Basis
Entry	$5.94	Current
Stop	$4.52	1 ATR ($1.42)
Target 1	$7.36	+1 ATR
Target 2	$8.78	+2 ATR

Institutional Interest: 0 funds; no bucket.

CRWX ($5.89) — ETF/ETN/CEF / Finance-ETF / ETN

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Weekly Momentum: A pct_20_wk move on 2.6x relative volume (260,543 vs. 99,320 average). It is 85.2% below its 52-week high and 64.1% above its low. ADR is 8.2%.

Level	Price	Basis
Entry	$5.89	Current
Stop	$4.13	1 ATR ($1.76)
Target 1	$7.65	+1 ATR
Target 2	$9.41	+2 ATR

Institutional Interest: 0 funds; no bucket.

Bearish Alerts

The 70 bearish signals are led by ADIG ($10.07, Retail - Home Furnishings/Electronics; ATR multiple -2.78; Rel Volume 3.1; 323 funds), the only bearish name with significant institutional ownership. The heavy volume suggests distribution. UXRP ($7.57; ATR multiple -3.50) is 92.0% below its 52-week high. QBTX ($6.55) is 96.9% below its high. ZCSH ($25.46; ATR multiple -2.12; 1 fund) and AXTQ ($38.10; ATR multiple 0.37) round out the list. Weakness is concentrated in ETF/ETN/CEF products, with Retail the lone operating-sector warning.

Sector Theme

Signals are dominated by ETF/ETN/CEF products on both sides, which points to speculative, product-driven volatility rather than broad sector rotation. Among operating companies, Financial (BRK-B) and Telecom (ITG) stand out, while Medical (IAM) appears with weak relative volume of 0.3. Sector leadership in Utilities, Consumer Staples and Health Care is not reflected in the top breakout list, and Technology, Energy and Industrials remain weak. In a Cautious regime, favor liquid, low-ADR names over leveraged or inverse products.

Institutional Summary

• ADIG: 323 funds (bearish, Rel Volume 3.1)
• ITG: 49 funds, 600.0% funds increase, 5.8% funds, the strongest accumulation signal among bullish names
• ZCSH: 1 fund
• All other listed tickers report 0 funds.

Institutional confirmation is largely absent. Treat ITG as the only bullish setup with real accumulation, and keep position sizes modest.

Signals