Three US Financial Stocks Turn Bullish
Three major US Financials stocks, including Ares Management, Everest Group, and Erie Indemnity, recently shifted to bullish momentum with Altra Scores
- Visit the stock pages: ARES, EG, ERIE
- Sector ARES , which ranks #2 for Relative Strength (Altra Sector score of 74.0 with neutral regime.)
The Altra Market score, which assesses market breadth by measuring the percentage of stocks above key Exponential Moving Averages (EMAs), is currently at 59.1, indicating an "Improving" texture for the US market. While breadth shows signs of strengthening with 60.44% of stocks above their 50-day EMA and 66.4% above their 200-day EMA, daily advances (218) are still outnumbered by declines (285), and the 15-day score trend is down 4.5 points. This suggests a market environment where selectivity remains crucial for traders and investors.
Within this environment, the Financials sector presents an interesting developing picture. The Altra Sector score for Financials stands at 74.0, ranking it 2nd, though its regime is currently "neutral" and "not yet confirmed." However, the sector is "gaining relative strength" with an RS RSI of 57.8, indicating a potential shift in momentum.
Momentum analysis tools, such as the Altra Score, which measures a stock's momentum on a 0-100 scale by analyzing EMA alignment and Relative Strength Index (RSI) trends across daily, weekly, and monthly timeframes, can help identify stocks participating in these shifts. A higher Altra Score signifies more bullish momentum. Recently, three notable US Financials stocks — Ares Management, Everest Group, and Erie Indemnity — have seen their Altra Scores cross into bullish territory, signalling a potential momentum turn that warrants closer observation.
Ares Management (ARES)
Ares Management (ARES) registered a significant upward shift in its momentum on July 31, 2026, as its Altra Score jumped from 49.0 (Neutral) to a robust 74.4 (Bullish). This substantial increase places ARES firmly in a strong momentum posture. The company’s stock is currently trading above its key Exponential Moving Averages (EMAs), a common technical signal suggesting short-to-medium term strength.
Its Relative Strength Index (RSI) across multiple timeframes provides further insight. The daily RSI sits at 58.2, indicating healthy buying pressure. The weekly RSI at 50.88 suggests neutral sentiment, while the monthly RSI at 42.83 still reflects some lingering bearish sentiment from a longer-term perspective. This combination points to immediate momentum (daily) turning sharply positive, pulling the overall Altra Score higher, even as longer-term trends catch up.
It's notable that ARES had a bearish Weekly EMA Crossover on January 30, 2026. The recent Altra Score jump to a strong bullish reading, however, suggests the underlying momentum is attempting to overcome this earlier technical headwind. Despite the bullish Altra Score, the stock is not yet "top-down aligned," meaning its momentum across all major timeframes isn't fully in sync. This could indicate that while strong, this bullish push is still developing.
Everest Group (EG)
Everest Group (EG) also experienced a notable momentum upgrade on July 31, 2026, with its Altra Score moving from 59.5 (Neutral) to 65.5 (Bullish). While a smaller jump than ARES, this solidifies EG's position in bullish momentum territory. Similar to ARES, EG is trading above its key EMAs, underscoring its current strength in the shorter and medium term.
A closer look at Everest Group’s RSI readings reveals a more consistent picture. Its daily RSI is a balanced 51.57, while both the weekly (61.14) and monthly (59.71) RSIs are well into bullish territory. This suggests EG's momentum isn't just a recent phenomenon but has been building across longer timeframes, making its move to a bullish Altra Score potentially more sustained. The higher weekly and monthly RSIs indicate broad-based buying interest.
Furthermore, EG experienced a bullish Weekly EMA Crossover on April 17, 2026. This technical event often accompanies a strengthening trend, aligning well with its subsequent move into bullish Altra Score territory. While not yet "top-down aligned," the consistent RSI strength and prior bullish crossover suggest a more coherent upward momentum developing for Everest Group.
Erie Indemnity (ERIE)
Erie Indemnity (ERIE) rounds out the trio of Financials stocks entering bullish momentum, with its Altra Score increasing from 52.1 (Neutral) to 63.4 (Bullish) on July 31, 2026. This move also places ERIE above its key EMAs, signaling positive short-term price action.
However, ERIE's RSI readings present a mixed view. While the daily RSI is a healthy 54.91, the weekly RSI is a more subdued 48.36, and the monthly RSI is notably low at 22.05. This contrast suggests that while the stock has experienced a recent surge in momentum, as reflected by its daily price action and Altra Score, longer-term sentiment (monthly) has yet to confirm this shift. This dynamic could imply the current bullish momentum is more concentrated in the short term.
Adding to this nuance, ERIE recorded a bearish Weekly EMA Crossover on December 13, 2024. Similar to Ares Management, the current bullish Altra Score represents potential strength against a previously established bearish signal on a longer timeframe. As with the other two stocks, Erie Indemnity is not yet "top-down aligned," which aligns with its mixed RSI readings.
The simultaneous shift of Ares Management, Everest Group, and Erie Indemnity into bullish Altra Score territory highlights a potentially emerging theme within the US Financials sector. While the overall Altra Market indicates an improving, yet selective, environment with a score of 59.1, the Financials sector itself, with an Altra Sector score of 74.0 and a #2 ranking, is clearly gaining relative strength.
Each stock presents a unique momentum profile. Ares Management shows a strong, rapid shift in momentum attempting to overcome past bearish signals. Everest Group demonstrates more consistent momentum across timeframes, supported by a prior bullish crossover. Erie Indemnity, while turning bullish, indicates a more short-term driven momentum with longer timeframes still lagging. That all three are not yet "top-down aligned" underscores these as developing trends rather than fully confirmed, all-encompassing shifts.
These individual shifts, occurring within a sector showing improving relative strength, suggest that while the broader market encourages selectivity, the Financials sector may be one to watch for continued momentum development. Monitoring how these stocks maintain higher Altra Scores and if their longer-term technical indicators align will be key.
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.