Penny stocks (under $5) trading above the Ichimoku Cloud (Kumo), with a bullish cloud color AND a Tenkan-Kijun bullish cross. Triple-component bullish confirmation from the Ichimoku system.
As of today's market close, our scanners identified 5 penny stocks triggering a Ichimoku bullish setup — a price above a bullish Cloud with a Tenkan-Kijun bull cross. At the top of the list, Nkarta, Inc. Common Stock (NKTX) stands out with multi-signal confluence — triggering Triple MA Bull, ST Triple Bull, Ichi Bullish at RSI 60.6, backed by an RS Rating of 91 (top 9% of all rated securities), a high-conviction setup. Runner-up Eledon Pharmaceuticals, Inc. Common Stock (ELDN) is triggering Triple MA Bull, Squeeze (Bull Mom), Ichi Bullish. The full list is ranked by relative strength and market cap to surface the highest-conviction names.
| # | Symbol | Company | Price | RSI | RS | 1M Perf | Signals |
|---|---|---|---|---|---|---|---|
| 1 | NKTX | Nkarta, Inc. Common Stock | $3.2500 | 61 | 91 | 19.5% | Triple MA BullST Triple BullIchi Bullish |
| 2 | ELDN | Eledon Pharmaceuticals, Inc. Common Stock | $3.8100 | 55 | 67 | 10.4% | Triple MA BullSqueeze (Bull Mom)Ichi Bullish |
| 3 | FLWS | 1-800-FLOWERS.COM Inc | $4.5700 | 60 | 39 | 25.6% | Triple MA BullST Triple BullIchi Bullish |
| 4 | CNDT | Conduent Incorporated Common Stock | $1.7300 | 55 | 32 | 2.4% | Triple MA BullST Triple BullIchi Bullish |
| 5 | PLTK | Playtika Holding Corp. Common Stock | $3.7700 | 61 | 32 | 9.3% | Triple MA BullHull-EMA BullST Triple Bull |
Ichimoku Kinko Hyo combines five components into one indicator:
When price is above a bullish-colored Cloud AND the Tenkan crosses bullishly above the Kijun, three independent signals are all confirming an uptrend. The Cloud also provides dynamic support and a "thickness" read on trend strength — thick clouds suggest stronger support, thin clouds suggest the level is easier to break.
For penny stocks where signals are often noisy, Ichimoku's multi-component approach acts as a natural filter against false signals. Use this list when you want technical setups with confluence built in.
See also: triple Supertrend bullish, Golden Cross, 52-week breakouts.
Ichimoku Cloud (Ichimoku Kinko Hyo) combines five components into one system: Tenkan-sen (9-period midpoint), Kijun-sen (26-period midpoint), Senkou Span A and B (forming the Cloud / Kumo), and Chikou Span (lagging line). Price above a bullish-colored Cloud, with a Tenkan-Kijun bullish cross, gives three independent confirmations of an uptrend in a single chart.