The Breakaway Gap Signal
Gap up on high volume. Strong institutional buying.
What does the Breakaway Gap signal detect?
Breakaway Gap fires when a stock gaps open above its entire 20-day trading range and holds the gap into the close. Overnight repricing of that magnitude is almost always institutional (earnings, news, a re-rating), and the hold requirement confirms the move was bought rather than sold.
How does Signal52 compute Breakaway Gap?
Three conditions: today’s open above the highest high of the prior 20 sessions, the opening gap at least the minimum gap percentage, and the close at or above the open. A gap that fades below its open the same day does not qualify.
How should you read a Breakaway Gap signal?
Breakaway gaps out of consolidation start moves. The risk is confusing them with exhaustion gaps late in a run, so check how extended the chart already is (an active Extension flag is a warning) and whether the gap emerges from a base. The day-after edge on gaps is typically negative because they often digest before continuing. This signal marks the event, not necessarily the ideal entry tick.
Action Signals in the Elite Score: Action signals are timing patterns: breakouts, volume events, momentum turns, confirmed entries. They answer whether something is happening right now. An Action trigger on a stock with strong DNA is the combination the Elite Engine is built to surface.
Which stocks show Breakaway Gap today?
7 of 1,665 screened stocks show Breakaway Gap as of .