Market breadth
702 advancing, 289 declining on Nov 4, 2026, and 61% of stocks are above their 200-day average. Breadth is broad — a description of participation, not a signal.
as of market close, Nov 4, 2026 · 991 stocks priced
Advancers vs decliners#
Every session's bar sums to the whole universe — green advancers from the bottom, red decliners on top — so the red/green split is read directly; the last bar is translucent while the session is still in progress.
Stocks above their moving averages#
Share of stocks trading above their own 20-, 50- and 200-day moving averages. Short windows swing with every pullback; the 200-day line is the slow-moving health check — readings under ~20% have marked washouts, over ~80% broad strength.
Stocks beating SPY#
How many stocks have a higher total return than SPY itself over each trailing window, as of now (1D uses live prices during market hours); a company listed for less than a window is not counted in it. Under it, the share over time for the trailing month, year and five years: the lower the line, the fewer stocks the index's return rests on.
New 52-week highs and lows#
Stocks closing at a fresh 52-week high (up) vs a fresh 52-week low (down). Persistent new-low expansion is the classic stress signal; simultaneous highs and lows mark a split market.
Where stocks sit in their 52-week range#
Every stock placed inside its own 52-week range — 0% = at the 52-week low, 100% = at the high, in 5% buckets (live prices during market hours) — and each bucket measured twice: its share of the stocks, and its share of their combined market cap, on one scale. A right-heavy pile means most stocks trade near their highs; a left-heavy one marks broad damage the index level can hide. When the two shapes part, the biggest companies are somewhere the typical stock is not. The first chart gives each measure its own baseline; the second draws the market cap as a line over the stocks' bars. Hover a bucket for its counts and its biggest names.
How far stocks sit below their 52-week high#
Every stock in one of six bands by how far it trades below its 52-week high, the highest price of the last 252 sessions (live prices during market hours). A fall of 10% is a correction and 20% a bear market, which for a single stock is measured from its 52-week high. On top, each band's share of the stocks; below, its share of their combined market cap, on one scale. Hover a band for its counts and its biggest names; its label opens its stocks in the screener.
Stocks below their 52-week high, over time#
Each session's stocks stacked by the same bands, the deepest at the bottom and those within 10% of the high in green on top, under SPY's price over the same window. The top of the red is the share of stocks in a correction or worse. Hover for a session's bands and each band's three largest companies by that day's market cap (on record from mid-2007).
What followed: SPY after each level#
Every month-end since 1998, grouped by the share of stocks 20% or more below their 52-week high, with SPY's total return over the next one, three and five years. On its own the level has said little about the years that followed: the groups differ by a few points and overlap widely, except at the washouts.
| Stocks 20%+ below their high | Months | SPY next year | Next 3 years (CAGR) | Next 5 years (CAGR) |
|---|---|---|---|---|
Under 20% | 108 months 14 stretches | Next year +10.3% 86% up · worst −13.2% | 3 years (CAGR) +8.0% 85% up · worst −16.4% | 5 years (CAGR) +8.7% 88% up · worst −6.7% |
20–30% | 88 months 28 stretches | Next year +11.6% 88% up · worst −36.1% | 3 years (CAGR) +10.5% 88% up · worst −8.7% | 5 years (CAGR) +8.9% 84% up · worst −3.1% |
30–40% now 38% | 41 months 18 stretches | Next year +8.6% 69% up · worst −43.6% | 3 years (CAGR) +10.7% 83% up · worst −9.8% | 5 years (CAGR) +10.5% 96% up · worst −2.2% |
40–50% | 48 months 21 stretches | Next year +7.0% 67% up · worst −35.1% | 3 years (CAGR) +5.7% 60% up · worst −14.5% | 5 years (CAGR) +5.9% 66% up · worst −2.8% |
50–70% | 47 months 15 stretches | Next year +6.8% 62% up · worst −46.0% | 3 years (CAGR) +6.0% 72% up · worst −16.3% | 5 years (CAGR) +7.2% 73% up · worst −3.3% |
70% or more | 14 months 5 stretches | Next year +28.8% 93% up · worst −6.6% | 3 years (CAGR) +16.4% 100% up · worst +1.3% | 5 years (CAGR) +16.7% 100% up · worst +2.7% |
Readings of 70% or more came in five stretches since 1998: Aug 1998, Sep 2008–Jun 2009, Mar 2020, Jun 2022 and Sep 2022. SPY's total return over the next year averaged +28.8%.
Month-end readings from Jan 1998 to Oct 2026; SPY total return with dividends, a horizon counting only the months whose window has closed. The windows overlap, so the 346 months hold only about 28 separate one-year periods and five five-year ones, and the count is of the stocks we track today, so companies that failed are missing and old damage reads milder than it was. A record of what followed, not a forecast.
Cumulative advance–decline line vs SPY#
The running sum of each day's net advancers, next to SPY over the same window. When SPY climbs but the A/D line stalls, fewer stocks are carrying the advance.
Breadth by trailing window#
Share of stocks with a positive return over each window, as of now (1D uses live prices during market hours). The figure at right is the median stock's return. A weak 1M row under a strong 1Y row = recent deterioration.
Breadth by sector#
| Sector | 1D | 5D | 1M | 3M | YTD | 1Y | # |
|---|---|---|---|---|---|---|---|
| All stocks | 71% | 66% | 68% | 49% | 67% | 71% | 991 |
| Technology | 45% | 28% | 37% | 42% | 66% | 66% | 173 |
| Financials | 93% | 85% | 77% | 40% | 65% | 74% | 152 |
| Industrials | 48% | 67% | 58% | 32% | 64% | 67% | 145 |
| Healthcare | 87% | 77% | 80% | 76% | 77% | 82% | 123 |
| Consumer Discretionary | 94% | 90% | 87% | 53% | 52% | 58% | 104 |
| Energy | 0% | 2% | 54% | 60% | 93% | 93% | 57 |
| Materials | 80% | 64% | 54% | 54% | 66% | 88% | 56 |
| Consumer Staples | 96% | 88% | 90% | 69% | 80% | 79% | 49 |
| Communication Services | 91% | 76% | 67% | 44% | 40% | 49% | 45 |
| Utilities | 73% | 77% | 89% | 50% | 77% | 63% | 44 |
| Real Estate | 100% | 100% | 98% | 35% | 70% | 67% | 43 |
Cell = % of the group's stocks with a positive return over the window (green > 50% positive, red < 50%).
Methodology#
Universe: all actively tracked US stocks (currently 991; dual share classes deduplicated) — today's membership walked back through history, so early years cover fewer names and carry survivorship bias. Daily advances/declines use dividend-adjusted closes (an ex-dividend gap is not a decline). Moving averages and 52-week extremes use split-adjusted closes, and each stock only counts toward a measure once it has enough trading history (20, 50 or 200 sessions for the moving averages, 252 for highs/lows). Historical rows are end-of-day; during market hours the advancer/decliner charts append a provisional "today so far" bar from live intraday prices (refreshed every ~10 minutes), and the trailing-window panel's 1D column reflects the same live prices. Long windows average their sessions into equal buckets and draw one point per bucket's first and last session — keeping every peak and trough. Not investment advice.
The same charts over the S&P 500's members: S&P 500 market breadth. Go deeper with the stock-by-stock breadth heatmap and the daily return distributions.
FAQ#
- What percentage of stocks are above their 200-day moving average?
- 592 of 975 eligible stocks (61%) are above their 200-day moving average as of Nov 4, 2026.
- Is stock market market breadth strong or weak right now?
- Breadth is broad: 61% of eligible stocks are above their 200-day average and 71% advanced in the latest session. This is a descriptive classification, not a market-timing signal.
- What is market breadth?
- Market breadth measures how many stocks participate in a move, rather than how far a cap-weighted index travels. An index can rise on a handful of megacaps while most stocks fall — breadth metrics like advancers vs decliners, % of stocks above their moving averages, and new highs vs lows make that visible.
- What is a breadth divergence?
- When the index makes new highs but the cumulative advance–decline line (or % of stocks above their 200-day average) does not, the advance is narrowing — fewer stocks are carrying it. Divergences don't time tops, but historically broad advances have been more durable than narrow ones.
- Does market breadth predict stock returns?
- Not reliably, on its own. Since 1998 the share of stocks 20% or more below their 52-week high has explained almost none of SPY's return over the following one to five years, less than SPY's own fall from its high did. The exception was washouts: when 70% or more of stocks were that far down, at the 1998, 2009, 2020 and 2022 lows, the following year was strong. The table on this page lists what followed each level, with how few separate periods the history really holds.
- When is a stock in a bear market?
- A stock is usually said to be in a correction once it trades 10% or more below its 52-week high, and in a bear market at 20% or more. For an index such as the S&P 500 the same thresholds are measured from its most recent peak. The bands chart above counts how many stocks sit at each depth today, and the chart under it how that share has moved.
- How is this different from the S&P 500 market-breadth page?
- This page covers every active US stock ChartRow tracks; the S&P 500 page covers only the index's current members, refreshed daily from the public component roster. Small- and mid-cap participation can make the two readings differ materially.
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