April 20263,680 stocks analyzed · Updated Apr 29

Stock Market Breadth Report

What percentage of the market is actually trending up right now? This report tracks trend participation, sector strength, institutional momentum, and volume signals across 3,680+ US equities — updated daily.

47.8%
In Uptrend
1,641 stocks
14.2%
Pulling Back
486 stocks
9.1%
Rallying
312 stocks
29.0%
In Downtrend
994 stocks

Trend State Breakdown

Share of all classified stocks by trend state

48%IN UPTREND
Uptrend
47.8%(1,641)
Pullback
14.2%(486)
Rally
9.1%(312)
Downtrend
29.0%(994)

Market Health Score

Composite breadth score — weighted trend participation

59NEUTRAL
0–44
Bearish
45–64
Neutral
65–100
Bullish

Breadth Breakdown Bar

Full market across 3,433 classified stocks

Uptrend 47.8%Pullback 14.2%Rally 9.1%Downtrend 29.0%
Bullish (uptrend + pullback)
62.0%
2,127 stocks
Bearish (downtrend + rally fade)
38.0%
1,306 stocks

ELO Strength Distribution

How many stocks are genuine S&P 500 outperformers vs. laggards — based on 26-week head-to-head matchups

Elite
1500+ ELO
92.0%3,197 stocks
Consistent market leaders — beating S&P 500 in most weeks
Strong
1400–1499 ELO
8.0%278 stocks
Above-average performers
Neutral
1300–1399 ELO
0.0%0 stocks
Moving roughly in line with the market
Weak
<1300 ELO
0.0%0 stocks
Consistent underperformers
Based on 3,475 stocks with full 26-week ELO data. Elite stocks (92.0%) have outperformed the S&P 500 in the majority of weekly matchups since last December.

Sector Breadth Heatmap

Uptrend participation rate and YTD performance by GICS sector — darker = stronger breadth

Sector Performance — Average YTD Return

Sorted from best to worst average year-to-date return across all stocks in each sector

Energy
+36.3%
Macro
+21.8%
Basic Materials
+14.9%
Technology
+12.6%
Industrials
+11.7%
Utilities
+6.9%
Real Estate
+6.8%
Financial Services
+5.5%
+4.4%
Communication Services
+4.2%
Health Care
+3.3%
Consumer Defensive
+2.1%
Consumer Cyclical
+0.6%
Healthcare
-4.7%

Institutional Volume — Accumulation vs. Distribution

Based on 20 trading days of sell/buy volume ratios across 3,465 stocks. Accumulation = institutions buying; Distribution = institutions selling.

Accumulation1,338(38.6%)Lean Accum325(9.4%)Neutral520(15.0%)Lean Dist182(5.3%)Distribution1,100(31.7%)
Net Accumulation
1,663
48.0% of market
Net Distribution
1,282
37.0% of market

Top Momentum Leaders

Uptrend stocks with ELO > 1400 — ranked by market-relative strength

View all →
#SymbolELO1MYTD
1WDC1546+42.0%+127.0%
2STX1544+52.3%+110.3%
3KEYS1540+19.1%+63.5%
4TER1539+28.6%+96.4%
5TRGP1536-0.7%+34.6%
6ADI1533+24.7%+41.3%
7GLW1533+11.9%+74.8%
8GEV1532+27.6%+66.6%
9JBL1531+26.7%+45.1%
10AMAT1530+13.0%+48.3%
11MU1530+41.2%+76.7%
12NUE1530+37.8%+38.0%
13ON1529+59.9%+72.3%
14PWR1527+14.7%+49.5%
15CMI1527+22.8%+25.9%

What This Data Means

Market breadth answers the question index levels can't: are a lot of stocks going up, or just a few? When 70%+ of stocks are in confirmed uptrends, the market advance is broad — institutions are buying across sectors, not just concentrating in a handful of mega-caps. That kind of breadth typically sustains rallies.

When breadth is weak — say, fewer than 40% in uptrend while the S&P 500 index is flat or higher — the index is being held up by the largest market-cap companies while most stocks are quietly declining. That divergence is historically one of the most reliable leading indicators of an eventual index correction.

The ELO distribution adds a second lens: of the stocks that are in uptrend, how many are genuinely consistent outperformers? A market where 60% of stocks are in uptrend but most of them are just barely above their 200-day moving average is weaker than one where the same 60% are all in elite ELO territory — consistently beating the S&P 500 week after week.

Accumulation vs. distribution volume analysis is the institutional fingerprint. Institutions can't hide their buying and selling — the volume shows up. A market where accumulation significantly outnumbers distribution, combined with broad uptrend participation, is one where large funds are actively deploying capital. The opposite combination — rising distribution alongside declining breadth — has historically preceded significant corrections.

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Frequently Asked Questions

What is stock market breadth?
Market breadth measures how many individual stocks are participating in a market move. When 70% of stocks are in confirmed uptrends, the rally has broad institutional support. When only a handful of large-caps are rising while most stocks decline, the market is fragile despite what the index suggests.
What does an uptrend mean for a stock?
A stock is in an uptrend when its price is above both its 50-day and 200-day simple moving averages — meaning buyers have been in control on both a short-term and long-term basis. This is the signal institutional trend-following strategies use to stay long.
What is ELO strength?
ELO strength measures how consistently a stock has outperformed the S&P 500 in head-to-head weekly matchups over the past 26 weeks. A score above 1500 means the stock has been a consistent market leader. Below 1300 means it has consistently underperformed.
What is accumulation vs. distribution?
Accumulation days are trading sessions where a stock closes higher on above-average volume — a sign that institutions are buying. Distribution days are sessions with above-average volume on a decline, signaling institutional selling. The ratio of accumulation to distribution days tells you whether smart money is moving in or out.
How often is this data updated?
This report updates every hour from our screener database, which is rebuilt daily from 3,600+ US equities. The data reflects the most recent screener run.

Data sourced from 3,680+ US equities. Updated daily via automated screener pipeline. All figures are provided for informational purposes only and do not constitute investment advice. Past performance is not indicative of future results. · Methodology