Three US Stocks See Bullish Momentum Surge
Apollo Global, Johnson Controls, and Quanta Services each saw their Altra Scores climb into Strong Bullish territory, signalling cross-sector momentum.
- Visit the stock pages: APO, JCI, PWR
- Sector XLF , which ranks #2 for Relative Strength (Altra Sector score of 74.0 with neutral regime.)
The US market recently observed notable shifts in momentum, with three distinct stocks across the Financials and Industrials/Aerospace sectors transitioning to Strong Bullish readings. This cross-sector movement highlights areas where underlying strength is developing, even as the broader market maintains a selective outlook. The Altra Market score, which gauges overall market breadth by tracking the percentage of stocks above key Exponential Moving Averages (EMAs), currently stands at 59.1, indicating an improving market texture that still calls for selective engagement, advising to 'favor high-quality setups.'
Apollo Global Management (APO)
Apollo Global Management experienced a significant surge on July 31, 2026, as its Altra Score leaped from 28.9 (Bearish) to 88.4 (Strong Bullish). The Altra Score provides a 0-100 momentum reading for each stock, derived from EMA alignment and RSI trend across daily, weekly, and monthly timeframes. A higher score signifies more bullish momentum. This substantial shift suggests a rapid improvement in its short to medium-term trend.
Despite this impressive jump, a nuanced view shows APO is currently positioned above its key EMAs, but a bearish Weekly EMA Crossover was noted on June 29, 2026. This means that while immediate momentum is strong, the longer-term weekly trend signal had recently turned bearish, and the stock is not yet 'top-down aligned.' Relative Strength Index (RSI) readings of 55.87 (daily), 50.32 (weekly), and 45.81 (monthly) suggest daily strength alongside more neutral longer-term momentum. The Altra Sector score for Financials, which provides a momentum reading and relative strength rank for sectors, is 74.0 (rank 2, neutral). The sector is described as 'not yet confirmed, gaining relative strength' (RS RSI 57.8), indicating APO's move is strong within an emerging sector trend rather than a fully established one.
Johnson Controls (JCI)
Johnson Controls also demonstrated a significant shift in momentum, with its Altra Score moving from 40.3 (Neutral) to 82.0 (Strong Bullish) on July 30, 2026. Its current standing at 90.0 (Strong Bullish) further underscores the sustained positive momentum. Unlike APO, JCI displays strong top-down alignment, indicating consistent bullish momentum across daily, weekly, and monthly timeframes. This is supported by its positioning above key EMAs and a bullish Weekly EMA Crossover established much earlier, on December 22, 2023, suggesting a more deeply rooted uptrend.
The stock's Relative Strength Index readings reflect this strength: 58.07 (daily), 60.74 (weekly), and 72.2 (monthly). The notably high monthly RSI points to substantial long-term accumulation and upward price pressure. JCI belongs to a sector that currently holds an Altra Sector score of 53.0 (rank 5, bullish). While this sector is identified as a 'confirmed leader,' it is noted as 'cooling off' with a relative strength RSI of 49.1. This suggests that while the sector has been a strong performer, its immediate relative strength might be moderating, making JCI's individual strong momentum particularly noteworthy within its group.
Quanta Services (PWR)
Perhaps the most dramatic shift observed was with Quanta Services, whose Altra Score soared from a 'Strong Bearish' 11.7 to a 'Strong Bullish' 80.2 on July 30, 2026. The stock has maintained this robust momentum, currently holding an Altra Score of 85.5. This remarkable turnaround signifies a powerful reversal in trend, moving from strong downward pressure to strong upward momentum in a single session.
Similar to Johnson Controls, Quanta Services exhibits strong top-down alignment, with its price action consistently above key EMAs. It also boasts a bullish Weekly EMA Crossover, established on May 9, 2025, further validating the underlying bullish structure. The RSI readings for PWR are compelling: 53.07 (daily), 58.67 (weekly), and a very strong 74.75 (monthly). The robust monthly RSI, in particular, suggests significant long-term strength that has now translated into broad-based bullish momentum.
Quanta Services shares the same sector context as Johnson Controls, with the Altra Sector score at 53.0 (rank 5, bullish). This sector, while a 'confirmed leader,' is currently 'cooling off' with an RS RSI of 49.1. PWR's strong individual momentum, particularly its rapid reversal from bearish to bullish, suggests it may be a standout performer within a sector that has been strong but is now moderating its relative strength.
What is the Altra Score? The Altra Score is AltraOne's proprietary momentum score for individual stocks, ranging from 0 to 100. It measures EMA structure and RSI momentum across multiple timeframes. A score above 60 is Bullish, below 40 is Bearish, and 40–60 is Neutral. The score is updated every trading day after market close based on end-of-day data.
Explore the full Signal History on AltraOne to see every EMA crossover signal across your watchlist — going back 52 weeks. The weekly EMA crossover is AltraOne's highest-conviction intermediate momentum signal; the Signal History page lets you track how these have played out over time.
Altra Score is a momentum indicator reflecting EMA alignment and RSI trend across daily, weekly, and monthly timeframes. It is not investment advice. Past momentum does not guarantee future performance. Please consult a SEBI-registered advisor before making investment decisions.