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Design (Testphase)

Breakout & Setup

Qullamaggie: Momentum Breakout (original rules)

8 Hits
August 6, 2026 last calculated

Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Market filter active: the list shows 0 hits from France

A breakout from a quiet base after a strong run-up: the original rules of Swedish trader Kristjan Kullamägi ("Qullamaggie") for the momentum breakout, which we formalized from his published criteria and backtested from 1976 through 2026 on a survivorship-bias-free price database. The model rests on four pillars: three mandatory ones establish the run-up, the base, and the setup, while the pivot break fires the signal.

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  1. The Run-Up Required

    At least a 30% close-to-close gain within 63 trading days or fewer. The high of that move is the pivot — no real run-up, no breakout candidate.

  2. The Base Required

    10 to 42 trading days of quiet consolidation: the pullback stays within 25% of the pivot and inside a third of the run-up, daily ranges tighten, and the second half of the base prints higher lows.

  3. The Setup Required

    The prior close sits above the 50-day line and either above the 20-day line or within 2% of the 10-day line — the trend still has room to run.

  4. The Break Signal

    The day's high clears the pivot. Entry is at the pivot or the open, whichever is higher; if the stop (that day's low) sits more than one ADR away, we throw the signal out.

We show US-listed stocks with an unadjusted close of $1 or more, 20-day median dollar volume of $3 million or more, and a 20-day ADR of 4% or higher — without that tradability bar, the breakout wouldn't be tradable. Because the setup is rare, hits stay on the list for 20 trading days. Source: price data. · No global trading filters — this strategy checks the entire stock universe purely against its own criteria (mega caps over $50B included).

Important: The breakout on its own backtests weak after costs — more than half the trades lose, the median is negative, and the result is carried by a handful of very large winners and by the companion Episodic Pivot setup. We compute on daily bars even though Kullamägi himself trades intraday, so our entry is an approximation.

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The Criteria in Detail

Pillar 1 — The Run-Up (required)

  • The price gains at least 30% close-to-close within 63 trading days or fewer.
  • The high of that move marks the pivot — the reference point for everything that follows.

Pillar 2 — The Base (required)

  • The consolidation lasts 10 to 42 trading days.
  • The pullback stays within 25% of the pivot and eats up no more than a third of the run-up.
  • The base's last five daily ranges average tighter than its first five — the move is settling down.
  • The second half of the base prints higher lows than the first — sellers are losing ground.

Pillar 3 — The Setup (required)

  • The prior day's close sits above the 50-day line.
  • The close also sits above the 20-day line, or within 2% of the 10-day line.

Pillar 4 — The Break (signal)

  • The day's high clears the pivot — that's the trigger.
  • Entry is at the pivot, or at the open if it's higher.
  • The stop is the signal day's low; if it sits more than one ADR away, we throw the signal out.

Terms in This Scanner Explained

(18)
ADR (Average Daily Range)
The average daily swing of a stock in percent - measured over 10 or 30 trading days (columns "ADR 10D/30D"). An ADR of 5% means: on a normal day the gap between the intraday low and high runs about 5%. Traders look for movement - that is why stocks with an ADR under 1% are filtered out globally. Not to be confused with ADR meaning "American Depositary Receipt" (a US certificate for foreign shares) - here ADR always means the daily swing.
AI Classification
Our company-by-company assessment of the AI boom based on SEC filings (the last four quarterly 10-Q reports and two annual 10-K reports): "Sells AI" (AI is a revenue source), "Threatened" (AI is a concrete business risk), "Uses AI" (operational use), or "Neutral" (no material AI exposure). Every classification requires at least two direct quote citations - otherwise the column shows "-". Not a quality judgment or a buy recommendation; the full file is on the stock page, methodology at /stocks/ai-rating-methodology.
Analysis (Full Company Analysis)
If the Analysis column shows "Read," there is an in-depth TickerGuard company analysis for this stock: business model, scanner findings, quarterly results, evidence from SEC filings, plus opportunities and risks. One click opens it directly.
Avg/Yr 3Y (Average Annual Return)
The stock's average annual return over the past 3 years. Shows at a glance whether a stock delivers over the long run or just had a short hot streak.
Breakout
The price clears a level where it previously failed multiple times (top of a base, an old high) - ideally on clearly elevated volume. For many momentum strategies, the breakout is the actual buy signal.
Earnings Date
The date of the next quarterly earnings report. Price gaps in either direction are common around this date - that is why we color it red when it is 7 days away or less, and yellow when it is 14 days away or less: elevated risk for fresh positions.
EPS (Earnings per Share)
Quarterly earnings divided by the number of shares outstanding. The most important growth metric: if EPS rises strongly over several quarters, the company is earning more money per share.
Free Cash Flow (FCF)
Operating cash flow minus capital expenditures - the money left over for everything else (debt paydown, acquisitions, or buybacks). Consistently positive free cash flow is one of the most honest signs of a healthy business model.
Funda Rating (Fundamental Rating A+ to F)
Our proprietary fundamental rating from 0 to 100 points with a school-grade rank from A+ to F. 50 points is the average across the universe, 100 the best possible score. Every stock is scored against all others by percentile: growth in earnings and revenue, earnings surprises, analyst estimates, and quality criteria such as margins, cash flow, and balance-sheet strength. Grades: A+ from 95, A from 75, B from 55, C from 45, D from 25, E from 5, F below — A/A+ are the fundamentally strongest stocks in the universe.
Gap
The stock opens well above or below the prior close - a gap appears on the chart. Gaps are caused by overnight news (earnings, contracts, studies) and show that the valuation has shifted abruptly.
Market Capitalization (Mkt Cap)
The market value of the company: share price x total shares outstanding, shown here in billions of dollars. Micro caps (< $0.3B) are small and volatile, mega caps (> $200B) are heavyweights. Our scanner universe is deliberately capped at $50B - we look for stocks with room to run.
Momentum
The driving force behind a price trend: stocks that have recently risen sharply statistically tend to keep rising more often than not. Momentum strategies therefore buy strength - not perceived bargains.
Net Margin
How much of revenue is left as profit? Net income divided by revenue, in percent. A 20% margin means: out of every dollar of revenue, 20 cents is left as profit. Rising margins are a strong quality signal.
Operating Cash Flow (OCF)
The cash that actually flows into the company from day-to-day operations - without accounting effects such as depreciation. A company can report book profits while still burning cash; operating cash flow reveals that.
Piotroski F-Score
A balance-sheet health check developed by Joseph Piotroski: 9 yes/no criteria covering earnings, cash flow, leverage, and efficiency produce a score from 0 to 9. Scores of 7 or higher are considered financially very solid, scores under 3 a warning sign.
Sector & Industry
Two levels of industry classification: sector is broad (e.g., Technology), industry is narrow (e.g., Semiconductors). Many strategies watch industry strength, because strong stocks are almost always found in strong industries.
Stage (Weinstein Stages 1-4)
Stan Weinstein divides every price chart into four stages: Stage 1 = basing (sideways after a downtrend), Stage 2 = uptrend (the only buying stage), Stage 3 = topping, Stage 4 = downtrend (avoid, or short candidate). Measured against the 30-week line (150-day moving average) and its slope.
Stress RS (Strength on Stress Days)
A stress day is a day on which both the overall market and the stock's own sector fell at least 0.5%. Stress RS counts on how many of these days the stock still closed green (shown as "g/n" = green days out of n stress days) and turns that into a rating from 1 to 99. High values point to buyers stepping in even on weak days - often a sign of institutional accumulation.

View all terms in the Scanner Glossary

Hit List

Tip: clicking a column header sorts the table by that column; a second click flips the direction.

Qullamaggie: Momentum Breakout (original rules)
Symbol Signal Age (Days) Run-Up Earnings Avg/Y 3Y Stress RS Stage Funda Rating Piotroski MktCap Industry AI Rating Deep Dive Deep-Dive Report Sector Price YTD 6 Mo. 1 Year Off High Price Target RS EPS Rating ADR 10D ADR 30D Beta P/E P/E (f) P/S P/B P/FCF PEG EV/EBITDA EBIT Margin Gross Margin Net Margin ROE ROA Debt/Eq Equity Ratio Sales +/Y Growth Score Div. Yield Payout Ratio Altman Z Inst. % Short % Analysts
No stocks currently pass this scanner.

Frequently Asked Questions

The breakout setup by Swedish trader Kristjan Kullamägi, in the exact form we back-tested for you — not a loose interpretation, but the consolidated rule set from his published rules.

All scanners are recalculated daily across the entire stock universe — most recently on 6. August 2026. The data basis is fundamental data and SEC filings (10-K annual reports and 10-Q quarterly reports).

Currently, 8 stocks pass this scanner's criteria (as of 6. August 2026).

No global trading filters — this strategy checks the entire stock universe purely against its own criteria (mega caps over $50B included).

This scanner looks for stocks breaking out of a tight base under the published rules of Swedish trader Kristjan Kullamägi ("Qullamaggie"). It starts with a real run-up: at least a 30% close-to-close gain within 63 trading days or fewer. The high of that move — the "pivot" — then has to settle into a quiet base for 10 to 42 trading days: the pullback can't drop more than 25% below the pivot or eat up more than a third of the run-up, the base's last five daily ranges have to average tighter than its first five, and the second half of the base has to print higher lows than the first. Going into the signal day, the close needs to sit above the 50-day line and either above the 20-day line or within 2% of the 10-day line. A hit fires when the day's high clears the pivot; if the stop (that day's low) sits more than one ADR away from entry, we throw the signal out. We backtested these exact rules from 1976 through 2026 on a survivorship-bias-free price database: 1,557 trades, a 41.0% win rate, +0.79% average return per trade, and a −1.37% median. That's honestly weak — after costs, more than half the trades lose money and the median is negative. What carries the setup is a handful of very large winners and, more than that, the companion Episodic Pivot setup — not the breakout on its own. Two caveats stand: we compute on daily bars, while Kullamägi himself trades intraday off the opening range, so our entry is an approximation. And the liquidity filter (20-day median dollar volume of $3 million or more) is strict enough to exclude roughly two-thirds of the example charts his followers post. A hit is a find, not a buy signal. Source: price data.

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Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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