Last month's top 10 bearish technical setups — did the breakdowns continue?
On 2026-07-31, our technical composite ranked the ten stocks below as the most bearish setups on the board — trend deterioration across multiple Supertrend timeframes, weak RSI, negative momentum, and relative strength near the bottom of the market.
Over the next 30 calendar days (through 2026-08-28), the basket backfired — the market squeezed these bearish calls hard. The average max decline was -10.2% against an average adverse rally of +31.1%, with the held-to-today move landing at +13.2%. 3 of 10 names closed lower; 5 rallied more than 10% against the call.
The screener found meaningful downside before any bounce, with AXG closing the window at -26.2% — though LOT squeezed +49.6% against the bearish read. Less than half finished lower — the bearish thesis faded for most names mid-window. Below is each setup, in order of composite score, with the price action that followed.
The numbers, top-to-bottom
| # | Ticker | Sector | Score | RSI | RS | Max decline | Adverse rally | Held to today |
|---|---|---|---|---|---|---|---|---|
| 1 | MAIR | — | 85.0 | 28 | 0 | -14.8% | +16.6% | -9.4% |
| 2 | EMAT | Materials | 85.0 | 21 | 0 | -41.3% | +31.1% | -10.7% |
| 3 | XXI | Financials | 85.0 | 30 | 0 | -0.9% | +56.2% | +40.7% |
| 4 | AXG | Financials | 85.0 | 26 | 0 | -26.8% | +2.0% | -26.2% |
| 5 | SPRY | Healthcare | 82.8 | 22 | 22 | -4.3% | +28.3% | +14.8% |
| 6 | RBLX | Technology | 82.7 | 27 | 23 | -1.6% | +12.9% | +8.2% |
| 7 | LOT | Consumer Discretionary | 82.5 | 27 | 24 | -1.1% | +71.3% | +49.6% |
| 8 | CCB | Financials | 82.5 | 15 | 25 | -1.2% | +29.3% | +18.3% |
| 9 | FLO | Consumer Staples | 82.5 | 30 | 25 | -3.0% | +8.3% | +1.1% |
| 10 | METC | — | 82.5 | 28 | 25 | -6.7% | +54.7% | +45.0% |
Ticker by ticker
#1. MAIR — Madison Air Solutions Corporation · $14.1B · score 85.0
MAIR (Madison Air Solutions Corporation) ($14.1B) entered the 30-day window at $29.06. On the day, the composite ranked it among the weakest charts on the board: composite of 85.0 backed by RSI 28, RS rating 0, and ST Triple Bear, Triple MA Bear. The bearish read paid off: -14.8% down to $24.75 on the 16th session. The squeeze risk was real — the 8th session saw price rally to $33.89, +16.6% against the call. As of last night's close the move prints -9.4%, validating the setup.
#2. EMAT — Evolution Metals & Technologies Corp. Common Stock · $2.3B · score 85.0
EMAT (Evolution Metals & Technologies Corp. Common Stock) ($2.3B) Materials sector — entered the 30-day window at $3.66. A deteriorating technical picture on the anchor date: composite of 85.0 backed by RSI 21, RS rating 0, with ADX at 33 confirming the downtrend, and ST Triple Bear, Triple MA Bear, 52W Breakdown. Sellers stayed in control — the 9th session marked the window low at $2.15, -41.3% below entry. The trade was no straight line down — the 16th session topped at $4.80, +31.1% above entry. Held to today, the stock is down -10.7% — the bearish call worked.
#3. XXI — Twenty One Capital, Inc. · $1.5B · score 85.0
XXI (Twenty One Capital, Inc.) ($1.5B) Financials sector — entered the 30-day window at $4.27. On the day, the composite ranked it among the weakest charts on the board: composite of 85.0 backed by RSI 30, RS rating 0, with ADX at 29 confirming the downtrend, and ST Triple Bear, Triple MA Bear. Sellers couldn't press it: the 1st session marked the worst print at $4.23, just -0.9% from the anchor. The trade was no straight line down — the 19th session topped at $6.67, +56.2% above entry. Held to today, the stock is up +40.7% — a flat-out squeeze of the bearish call. Oversold can always get bought.
#4. AXG — Solowin Holdings Class A Ordinary Share · $575M · score 85.0
AXG (Solowin Holdings Class A Ordinary Share) ($575M) Financials sector — entered the 30-day window at $3.02. The screener flagged it as a high-confidence bearish setup: composite of 85.0 backed by RSI 26, RS rating 0, with ADX at 42 confirming the downtrend, and ST Triple Bear, Triple MA Bear. The breakdown delivered: price fell to $2.21 by the 20th session, a -26.8% decline from the anchor close. Bulls never got traction; the high at $3.08 on the 1st session was just +2.0% from entry. Net of the trip, the stock is down -26.2% — the kind of follow-through this scan exists to find.
#5. SPRY — ARS Pharmaceuticals, Inc. Common Stock · $542M · score 82.8
SPRY (ARS Pharmaceuticals, Inc. Common Stock) ($542M) Healthcare sector — entered the 30-day window at $5.13. On the day, the composite gave it bottom-tier marks: composite of 82.8 backed by RSI 22, RS rating 22, with ADX at 35 confirming the downtrend, and ST Triple Bear, Triple MA Bear, 52W Breakdown. The breakdown stalled at $4.91 on the 1st session — only -4.3% of downside. The squeeze risk was real — the 13th session saw price rally to $6.58, +28.3% against the call. As of last night's close the stock sits at +14.8% — a miss for the bearish read.
#6. RBLX — Roblox Corporation · $26.2B · score 82.7
RBLX (Roblox Corporation) ($26.2B) Technology sector — entered the 30-day window at $35.60. The screener flagged it as a high-confidence bearish setup: composite of 82.7 backed by RSI 27, RS rating 23, and ST Triple Bear, Triple MA Bear, 52W Breakdown. The breakdown stalled at $35.03 on the 1st session — only -1.6% of downside. The squeeze risk was real — the 13th session saw price rally to $40.19, +12.9% against the call. As of last night's close the stock sits at +8.2% — a miss for the bearish read.
#7. LOT — Lotus Technology Inc. American Depositary Shares · $537M · score 82.5
LOT (Lotus Technology Inc. American Depositary Shares) ($537M) Consumer Discretionary sector — entered the 30-day window at $0.829. On the day, the composite ranked it among the weakest charts on the board: composite of 82.5 backed by RSI 27, RS rating 24, and ST Triple Bear, Triple MA Bear, 52W Breakdown. The breakdown stalled at $0.820 on the 1st session — only -1.1% of downside. The squeeze risk was real — the 19th session saw price rally to $1.42, +71.3% against the call. As of yesterday's close the stock prints a brutal +49.6% against the call. The bottom was in.
#8. CCB — Coastal Financial Corporation · $626M · score 82.5
CCB (Coastal Financial Corporation) ($626M) Financials sector — entered the 30-day window at $40.99. On the day, the composite gave it bottom-tier marks: composite of 82.5 backed by RSI 15, RS rating 25, with ADX at 34 confirming the downtrend, and ST Triple Bear, Triple MA Bear. The breakdown stalled at $40.50 on the 1st session — only -1.2% of downside. The squeeze risk was real — the 7th session saw price rally to $53.02, +29.3% against the call. As of yesterday's close the stock prints a brutal +18.3% against the call. The bottom was in.
#9. FLO — Flowers Foods, Inc. · $1.5B · score 82.5
FLO (Flowers Foods, Inc.) ($1.5B) Consumer Staples sector — entered the 30-day window at $7.02. On the day, the composite ranked it among the weakest charts on the board: composite of 82.5 backed by RSI 30, RS rating 25, and ST Triple Bear, Triple MA Bear. Downside follow-through was limited — the low of $6.81 on the 15th session was only -3.0% below entry. Buyers fought back hard: $7.60 on the 12th session (+8.3%) was the worst of it for the bearish side. Net of everything, the stock prints +1.1% — sellers and dip-buyers fought to a draw.
#10. METC — Ramaco Resources, Inc. Class A Common Stock · $843M · score 82.5
METC (Ramaco Resources, Inc. Class A Common Stock) ($843M) entered the 30-day window at $9.17. A deteriorating technical picture on the anchor date: composite of 82.5 backed by RSI 28, RS rating 25, with ADX at 25 confirming the downtrend, and ST Triple Bear, Triple MA Bear, 52W Breakdown. Downside follow-through was limited — the low of $8.56 on the 1st session was only -6.7% below entry. Buyers fought back hard: $14.19 on the 20th session (+54.7%) was the worst of it for the bearish side. Net of the round trip, the stock rallied +45.0% — a reminder that crowded bearish setups can reverse violently.