Our technical scanner combs through every stock in the S&P 500 and Nasdaq 100 each trading day, scoring each name against a broad set of momentum, trend, and oscillator indicators. On 3 August 2026, the following five stocks generated the strongest cluster of bullish technical signals. As always, technical signals are one input among many and should be considered alongside your own fundamental research and risk tolerance.
1. Monolithic Power Systems (MPWR) – 18 technical buy signals
Price: $1,426.03 (+8.35% on the day)
View the full technical analysis of Monolithic Power Systems
Monolithic Power Systems tops today’s leaderboard with an exceptional 18 bullish signals against just 1 bearish one, the widest positive spread on our scanner. The move follows a standout second-quarter earnings report, in which the company posted record quarterly revenue of approximately $981 million — a figure that came in well ahead of analyst consensus and represented nearly 50% growth year-on-year. Management also issued forward guidance that prompted several Wall Street analysts to raise their price forecasts.
The strong fundamental backdrop is clearly feeding into the price action. From a technical perspective, the stock is firing on almost every momentum and trend measure we track, suggesting broad-based buying pressure rather than a narrow spike driven by a single indicator. The daily gain of over 8% has pushed MPWR decisively through several near-term resistance levels.
It is worth noting that some valuation commentators have flagged the stock as stretched relative to intrinsic value models, with one widely followed metric suggesting it may be trading at a meaningful premium. Investors should weigh the strong operational momentum against the valuation picture before acting on the technical signal alone.
2. Amazon (AMZN) – 15 technical buy signals
Price: $271.58 (+15.32% on the day)
View the full technical analysis of Amazon
Amazon surges to second place on our scanner following a powerful post-earnings rally. The company’s second-quarter results, released after the close on 31 July, came in ahead of expectations across key metrics. Particular attention has been paid to the company’s artificial intelligence and custom chip businesses, which are reportedly now running at an annualised revenue rate in the region of $25 billion — a figure that underscores how rapidly Amazon is monetising its infrastructure investments.
Adding to the positive sentiment, the company disclosed it had secured roughly $600 million in new contract awards around the same period, which further buoyed investor confidence. AWS momentum, which had been closely watched heading into the report, appears to have met or exceeded the market’s expectations, helping to justify the significant one-day price move.
With 15 bull signals and 6 bear signals, AMZN’s technical picture is strong though not without some caution flags — the bear signals likely reflect overbought readings after such a sharp single-session advance. Investors should be mindful that entering a position following a 15% gap-up carries its own set of risks, including the possibility of near-term consolidation.
3. Johnson Controls (JCI) – 15 technical buy signals
Price: $146.66 (+1.93% on the day)
View the full technical analysis of Johnson Controls
Johnson Controls shares in third place with 15 bullish signals and just 4 bearish ones, making it the most technically balanced name near the top of today’s list. The building technologies and HVAC specialist recently reported its third-quarter fiscal 2026 earnings, highlighting a 10% revenue increase alongside progress on strategic initiatives. While supply chain friction and certain regional headwinds were acknowledged, the overall tone from management was constructive.
A key part of the longer-term investment narrative around JCI centres on the growing demand for thermal management solutions in AI data centres. As hyperscalers continue to expand their infrastructure footprints, companies capable of managing the substantial heat loads generated by high-density computing clusters are attracting fresh attention from investors. Johnson Controls is increasingly positioning itself as a beneficiary of this structural trend.
That said, some analysts have maintained a cautious stance on valuation, arguing that the stock’s premium relative to cash flow may limit the near-term upside even if the operational story remains intact. Today’s modest 1.93% gain, combined with the strong technical breadth, suggests a steadier accumulation pattern rather than the event-driven spikes seen elsewhere on today’s list.
4. Dexcom (DXCM) – 14 technical buy signals
Price: $83.45 (+11.95% on the day)
View the full technical analysis of Dexcom
Dexcom, the continuous glucose monitoring specialist, claims fourth place following a sharp post-earnings advance. The company’s second-quarter 2026 results showed sales growth of approximately 13% year-on-year, reaching $1.31 billion — a result that came in ahead of analyst estimates. The market has responded emphatically, with shares adding nearly 12% in a single session and the technical scanner registering 14 buy signals against just 4 bearish ones.
The stock had been under scrutiny in the weeks leading up to the report, with some analysts and valuation models suggesting it could be meaningfully undervalued following a period of share price weakness earlier in the year. Deutsche Bank had also initiated coverage with a positive rating not long before the earnings release, adding a degree of fundamental endorsement to the technical setup.
Dexcom operates in a competitive but structurally growing market, as diabetes prevalence continues to rise globally and adoption of continuous monitoring technology broadens beyond intensive insulin users. The combination of a revenue beat, a recovering share price, and strong technical momentum makes this one of the more compelling setups on today’s list, though as with all post-earnings rallies, the sustainability of the move warrants careful monitoring.
5. Zebra Technologies (ZBRA) – 14 technical buy signals
Price: $293.82 (+1.82% on the day)
View the full technical analysis of Zebra Technologies
Zebra Technologies rounds out today’s top five with 14 bull signals and a notably clean 3 bear signals — the lowest bear count among our five names. The enterprise technology company, best known for its barcode and asset-tracking solutions, has been attracting renewed attention as analysts position it within the broader automation and robotics investment theme. TD Cowen has maintained a buy-equivalent rating on the stock, and several firms have raised their price targets in recent months citing an improving outlook.
Zebra has been described by some commentators as a relatively attractively valued play within the technology sector, particularly when set against peers in the automation space. Its asset intelligence and workflow automation products are increasingly relevant to logistics, retail, and manufacturing customers looking to improve operational efficiency — sectors that continue to invest in technology despite a more cautious macro environment.
Today’s gain of 1.82% is measured rather than dramatic, and the technical picture reflects a stock in a steady uptrend rather than a sharp event-driven move. For investors who prefer to build positions gradually and prefer a cleaner signal-to-noise ratio on the technical side, ZBRA’s setup today stands out as one of the more methodical on the list.
Disclaimer: This blog post is produced for informational and educational purposes only and does not constitute financial advice, a solicitation, or a recommendation to buy or sell any security. Technical signals are derived from historical price and volume data and are not predictive of future performance. All investments carry risk, including the possible loss of principal. Past performance is not indicative of future results. Members of the Wall Street Stock Investors Club should conduct their own due diligence and, where appropriate, consult a qualified financial adviser before making any investment decision.