Top 10 Bullish Penny Stocks

The 10 most technically bullish stocks priced under $5 today, ranked by a composite score combining trend alignment, Supertrend consensus, RSI positioning, MACD momentum, and relative strength versus the S&P 500.

As of today's market close, our scanners identified 10 penny stocks triggering a top bullish penny stocks signal — a composite of trend, momentum, and relative-strength alignment. At the top of the ranking, Millennium Group International Holdings Limited Ordinary Shares (MGIH) presents a complex picture — while the top bullish penny stocks signal is confirmed by Golden Cross, Triple MA Bull, ST Triple Bull, the presence of Squeeze (Bear Mom) suggests the move may lack full conviction. Also noteworthy: AmeriServ Financial Inc (ASRV) showing Triple MA Bull, ST Triple Bull, RSI Overbought, MFI Overbought, 52W Breakout, Near 52W High, RS New High with strong relative strength (RS 87). Review the full ranked list below for additional setups.

Data as of 2026-07-24 · End-of-day prices
#SymbolCompanyPriceRSIRS1M PerfSignals
1MGIHMillennium Group International Holdings Limited Ordinary Shares$1.620354562.6%Golden CrossTriple MA BullST Triple Bull
2ASRVAmeriServ Financial Inc$4.3400778715.1%Triple MA BullST Triple BullRSI Overbought
3INEOINNEOVA Holdings Limited Class A Ordinary Shares$0.7153573026.7%Golden CrossTriple MA BullST Triple Bull
4ANTXAN2 Therapeutics, Inc. Common Stock$4.92005698-0.6%Triple MA BullST Triple BullSqueeze (Bull Mom)
5GOROGold Resource Corporation$2.0000569855.0%Triple MA BullST Triple Bull
6BWENBroadwind, Inc. Common Stock$4.83005494-0.8%Triple MA BullST Triple BullSqueeze (Bull Mom)
7REIRing Energy Inc.$1.2700579113.4%ST Triple BullMFI OverboughtStoch Bear (OB)
8IOVAIovance Biotherapeutics, Inc. Common Stock$4.990059859.7%Triple MA BullST Triple Bull
9JCSEJE Cleantech Holdings Limited Ordinary Shares$1.360051822.3%Triple MA BullST Triple BullSqueeze (Bull Mom)
10NTIPNetwork-1 Technologies, Inc.$1.600064638.1%Triple MA BullST Triple Bull

What Makes a Penny Stock "Bullish"?

Most penny-stock screeners just sort by % change. That gets you yesterday's news. Our bullish score is forward-looking. It identifies stocks where the technical structure suggests continuation, not just a single big day.

The composite weighs:

  • Supertrend (3 timeframes): short, medium, and long ATR-based trend confirmation.
  • Moving average stack: SMA 10 > SMA 50 > SMA 200 means the longer-term structure is aligned.
  • Golden Cross: recent 50-day SMA crossing above the 200-day SMA.
  • RSI 50 to 70: momentum zone; above 70 may be overextended.
  • MACD histogram positive: momentum acceleration.
  • Relative Strength rank: outperformance vs the broad market.

The Signals column shows which specific technical patterns are active for each stock: golden cross, TTM squeeze, RS new high, breakouts, and so on.

Indicators Used in This Scan

Supertrend is an ATR-based trend-following indicator that plots dynamic support and resistance bands around price. When price closes above the band, the trend is bullish; below indicates bearish. Our system evaluates three calibrations — Short (ATR 7, ×2.0), Medium (ATR 10, ×3.0), and Long (ATR 14, ×4.0). Triple alignment across all three is a high-conviction trend signal.

Relative Strength Index (RSI) measures momentum on a 0–100 scale. Readings above 70 are overbought; below 30 are oversold. RSI between 50 and 70 is the bullish trend zone. Bullish RSI divergence (price makes a lower low while RSI makes a higher low) is one of the more reliable reversal signals, historically 80%+ accuracy in published studies.

MACD (Moving Average Convergence Divergence) tracks momentum through the difference between two EMAs (typically 12 and 26 periods). The MACD histogram measures the gap between the MACD line and its signal line; positive histogram values indicate accelerating bullish momentum, negative indicate accelerating bearish momentum.

Moving Averages (SMA, EMA) smooth price data to reveal the underlying trend. A Golden Cross (50-day SMA crossing above the 200-day SMA) is the canonical long-term bullish signal; a Death Cross is the bearish opposite. Triple-MA alignment (10 > 50 > 200) confirms multi-timeframe trend agreement.

Relative Strength (RS) vs SPY compares a stock's performance to the S&P 500 benchmark. A rising RS line means the stock is outperforming; an RS new 52-week high identifies leadership stocks where institutional money is concentrating regardless of broader market direction. The RS Rating (1–99 percentile) is the IBD-style ranking; ratings above 80 indicate top-quintile leadership.