20-Week Breakout Analysis — 2026-03-05

20-Week Breakout Analysis — March 5, 2026

Overview

Today’s scan produced 219 total 20-week signals, with the breakdown revealing a notably bearish-tilted market: 88 bullish signals (40%) versus 131 bearish signals (60%). This 3:2 bear-to-bull ratio suggests broad intermediate-term deterioration across the market, with more stocks reaching 20-week lows than highs. Caution is warranted for swing traders. The bullish side is dominated heavily by leveraged ETFs and ETNs in the Finance-ETF/ETN space, which distorts raw signal quality — these instruments amplify moves and carry decay risk. Stripping out the ETF/ETN noise, genuine equity breakouts are sparse, making selectivity critical today.

Top 5 Bullish Picks

NCI ($10.50) — Consumer Cyclical / Apparel Manufacturing

Weekly Momentum: NCI is the standout equity name on today’s bullish list, breaking out with an extraordinary ATR Multiple of 19.42 — a near-parabolic move. The stock sits 16.7% off its 52-week high and an astounding 1,358.3% above its 52-week low, confirming this is a fresh-stage mover. ADR% of 77.7% signals extreme intraday volatility. Classified in bucket_0_youth_ipo_less_5yrs, NCI is a young company with speculative characteristics. Volume of 1.53M vs. an average of 3.31M gives a rel volume of only 0.5 — the big move occurred without a volume surge, a yellow flag for sustainability.

Level	Price	Notes
Current Price	$10.50	—
ATR	$1.73	Daily range basis
Stop (1 ATR below)	$8.77	Aggressive stop
Stop (2 ATR below)	$7.04	Conservative stop
Target 1 (1 ATR above)	$12.23	Near-term
Target 2 (2 ATR above)	$13.96	Extended target

Institutional Interest: Only 1 institutional fund holds NCI, with 0.0% funds allocation. Minimal institutional support — this is a pure momentum/speculative play. Size accordingly.

CRCA ($57.42) — MISC / Finance-ETF / ETN

Weekly Momentum: CRCA appears on both the pct_20_wk and dollar_20_wk bullish signals — a dual confirmation of breakout strength. With an ATR Multiple of 6.48 and an ADR% of 13.3%, this ETN is printing significant moves. It sits 290.6% above its 52-week low but remains 82.8% below its 52-week high, suggesting it is recovering from a severe drawdown. Relative volume of 1.0 on 1.45M shares indicates steady, institutional-pace accumulation rather than a retail frenzy.

Level	Price	Notes
Current Price	$57.42	—
ATR	$6.13	Daily range basis
Stop (1 ATR below)	$51.29	Aggressive stop
Stop (2 ATR below)	$45.16	Conservative stop
Target 1 (1 ATR above)	$63.55	Near-term
Target 2 (2 ATR above)	$69.68	Extended target

Institutional Interest: 2 institutional funds hold CRCA — the highest fund count among today’s bullish picks. A meaningful signal in a field dominated by zero-fund instruments.

RCAX ($21.43) — Financial / Exchange Traded Fund

Weekly Momentum: RCAX is the only bullish ETF name with a positive ATR Multiple of 1.67, confirming upward price momentum rather than a leveraged instrument decay artifact. ADR% of 25.0% shows strong intraday range. The stock is only 10.0% below its 52-week high — the tightest proximity to highs of any bullish name today — and 83.9% above its 52-week low. Rel volume of 2.6 on 369K shares (vs. 141K average) confirms a genuine volume-backed breakout attempt.

Level	Price	Notes
Current Price	$21.43	—
ATR	$3.99	Daily range basis
Stop (1 ATR below)	$17.44	Aggressive stop
Stop (2 ATR below)	$13.45	Conservative stop
Target 1 (1 ATR above)	$25.42	Near-term
Target 2 (2 ATR above)	$29.41	Extended target

Institutional Interest: 0 institutional funds reported. Despite clean technicals, lack of institutional backing warrants a reduced position size.

TTDU ($8.78) — MISC / Finance-ETF / ETN

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Weekly Momentum: TTDU leads percentage-based 20-week breakouts with a massive relative volume of 11.8 — 1.9M shares vs. a 160K average. This is the highest volume surge of any bullish name today, indicating a sharp catalyst-driven event. ADR% of 21.8% confirms extreme volatility. However, the ATR Multiple of -1.79 is negative, a red flag suggesting today’s close is below recent intraday peaks. The stock sits 100.5% above its 52-week low but 77.2% below its 52-week high — classic leveraged ETN behavior.

Level	Price	Notes
Current Price	$8.78	—
ATR	$1.04	Daily range basis
Stop (1 ATR below)	$7.74	Aggressive stop
Stop (2 ATR below)	$6.70	Conservative stop
Target 1 (1 ATR above)	$9.82	Near-term
Target 2 (2 ATR above)	$10.86	Extended target

Institutional Interest: 0 institutional funds. Volume spike may be ETN rebalancing or arbitrage-driven. Do not chase — wait for confirmation.

CRWL ($23.25) — MISC / Finance-ETF / ETN

Weekly Momentum: CRWL breaks out with a rel volume of 3.0 (672K vs. 220K average), one of the cleaner volume confirmations among the ETN group. ATR Multiple of -1.01 is marginally negative, but ADR% of 10.6% and a position 52.4% above its 52-week low suggest continued upward bias. LOD Risk ATR% of 81.4% is elevated — intraday risk management is essential.

Level	Price	Notes
Current Price	$23.25	—
ATR	$2.36	Daily range basis
Stop (1 ATR below)	$20.89	Aggressive stop
Stop (2 ATR below)	$18.53	Conservative stop
Target 1 (1 ATR above)	$25.61	Near-term
Target 2 (2 ATR above)	$27.97	Extended target

Institutional Interest: 0 institutional funds, 0.0% funds allocation. Pure technical/momentum play only.

Bearish Alerts

The bearish signals are broad and concerning. CRCD ($7.04) stands out with a rel volume of 8.6 — the highest of any bearish name — collapsing 90.4% below its 52-week high with only a 1.4% gain from its 52-week low. This is a near-total-loss scenario typical of inverse or leveraged ETNs undergoing terminal decay. MDBX ($23.42) shows elevated rel volume of 4.1 and sits 70.3% off highs with an ATR Multiple of -2.28, suggesting accelerating downside. AVXX ($5.28) echoes the pattern: 78.5% below its 52-week high, rel volume 3.5. Among equities, MOG-A ($319.66) in Aerospace & Defense is the lone non-ETF bearish name — sitting only 9.8% below its 52-week high with an ATR Multiple of 1.84, this pullback may represent a buying opportunity on the next bounce rather than a structural breakdown. SNXX ($31.56) shows subdued volume (0.7 rel) with a mild ATR Multiple of -0.75 — less urgent but still technically weak.

Sector Theme

Today’s session is defined by a leveraged ETF/ETN bifurcation. On the bullish side, Finance-ETF/ETN instruments dominate the top movers, with most reflecting short-term leveraged reversals rather than fundamental strength. The single genuine equity breakout — NCI in Consumer Cyclical/Apparel — stands alone as a real-sector momentum story. On the bearish side, the same ETN complex is imploding, reflecting the inherent decay and volatility drag of leveraged products in a choppy tape. Industrials/Aerospace (MOG-A) is the only traditional sector showing up on the bearish side, and its pullback is modest. Conclusion: no clear sector leadership today outside of leveraged instrument volatility. The market lacks a coherent directional theme.

Institutional Summary

Institutional participation across today’s bullish signals is extremely thin. CRCA leads with 2 funds, followed by NOWL, SHPU, RCAX, and NCI each with just 1 fund. The majority of bullish names — TTDU, AFRU, PLTG, CRWL — show zero institutional holders. This is a critical risk factor: without fund-level sponsorship, moves are likely driven by retail speculation, ETN mechanics, or short-term arbitrage. Traders should apply strict position sizing and avoid over-allocating to any single name from today’s bullish list. CRCA’s dual-signal confirmation and 2-fund backing make it the highest-quality institutional candidate of the session. NCI, despite 1-fund backing, merits watchlist attention given its extreme ATR movement in a real operating business.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. All trading involves risk. Data sourced from WaveRider.ai signals as of March 5, 2026.

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