Penny Stock Reversals

Penny stocks (under $5) where the medium-timeframe Supertrend has flipped from bearish to bullish in the last 3 trading days and is still holding. Early signals of potential trend reversals — caught before the move is obvious to the broader market.

Our models detected 25 equities meeting the criteria for a Supertrend bullish flip today, one of the more reliable bullish technical patterns in the sub-$5 universe. Leading the list is Erasca, Inc. Common Stock (ERAS) with an RS Rating of 99 (RSI 53.0), showing the clearest technical setup of today's results. Also noteworthy: Astrotech Corporation (DE) Common Stock (ASTC) showing Golden Cross, Triple MA Bull, ST Triple Bull, RSI Overbought, MFI Overbought, 52W Breakout, RS New High with strong relative strength (RS 99). Review the full ranked list below for additional setups.

Data as of 2026-05-29
#SymbolCompanyPriceRSIRS1M PerfSignals
1ERASErasca, Inc. Common Stock$539931.7%
2ASTCAstrotech Corporation (DE) Common Stock$98991395.5%Golden CrossTriple MA BullST Triple Bull
3EQEquillium, Inc. Common Stock$689842.2%Triple MA BullST Triple BullMFI Overbought
4AMPXAmprius Technologies, Inc.$58981.7%Triple MA Bull
5IMRXImmuneering Corporation Class A Common Stock$60979.9%Squeeze (Bear Mom)
6TXG10x Genomics, Inc. Class A Common Stock$729734.6%Triple MA BullST Triple BullRSI Overbought
7DRUGBright Minds Biosciences Inc. Common Stock$5796-0.3%Triple MA BullST Triple Bull
8ABCLAbCellera Biologics Inc. Common Shares$749650.9%Triple MA BullST Triple BullRSI Overbought
9PRMEPrime Medicine, Inc. Common Stock$6096-2.2%
10ABATAmerican Battery Technology Company Common Stock$58958.4%ST Triple Bull

How Supertrend Detects Reversals

Supertrend is an ATR-based trend indicator that plots dynamic support and resistance bands around price. When price closes above the band, the indicator flips bullish; when price closes below, bearish. Triple-timeframe Supertrend uses short, medium, and long ATR calibrations to filter noise.

A medium-Supertrend bullish flip — especially after a sustained bearish phase — is a high-information event: it means price decisively broke the downtrend's structure, not just a wiggle. Catching these early (within 3 trading days of the flip) is where the asymmetry lives.

Risk: false flips happen, especially in choppy markets. To increase signal quality, look for:

  • Above-average volume on the flip day.
  • The longer-timeframe Supertrend starting to follow (see our triple Supertrend bullish scan).
  • A break of a clear down-trendline on the chart.
  • RSI moving back above 50 in confirmation.

See also: RSI oversold bounce candidates, bullish divergences.

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.