Breakout stocks are shares that move above key resistance levels on above-average volume — a pattern that often precedes sustained price moves. We scan for breakouts above 20-day resistance and unusual volume spikes (2x+ the 20-day average).
Today, 312 ASX small caps triggered breakout or volume alerts. Top sectors: Basic Materials (144), Industrials (36), Financial Services (27), Energy (24), Technology (23).
Breakout & Volume Alerts — Mon 23 Feb 2026
| Ticker | Score | Vol Ratio | Daily Chg | Sector |
|---|---|---|---|---|
| IPG | 85 | 2.7x | +5.3% | Industrials |
| IMD | 81 | 1.1x | +2.3% | Industrials |
| ADH | 80 | 1.7x | +7.2% | Consumer Cyclical |
| REG | 79 | 0.8x | +7.9% | Healthcare |
| GNP | 78 | 1.2x | -0.9% | Industrials |
| SRV | 75 | 0.3x | -1.3% | Real Estate |
| ITS | 75 | 2.5x | +19.3% | Technology |
| SHA | 74 | 0.7x | -1.8% | Industrials |
| MMS | 74 | 2.6x | -5.2% | Industrials |
| EVZ | 74 | 0.7x | +0.0% | Industrials |
| SKS | 72 | 0.6x | -1.9% | Industrials |
| FSA | 72 | 4.9x | +3.2% | Financial Services |
| ASB | 71 | 2.4x | -11.1% | Industrials |
| BGA | 71 | 0.3x | -3.5% | Consumer Defensive |
| RFF | 71 | 1.4x | +4.7% | Real Estate |
| ERM | 71 | 2.0x | +10.0% | Basic Materials |
| LBL | 71 | 2.6x | +1.7% | Industrials |
| CDO | 71 | 0.5x | +0.0% | Financial Services |
| PPC | 70 | 0.2x | +1.9% | Real Estate |
| PWH | 70 | 1.0x | +4.5% | Consumer Cyclical |
Reading Volume Breakouts
A breakout on high volume (3x+ average) is generally considered more reliable than one on average volume. Look for breakouts that coincide with catalyst events (earnings, announcements, director buying) for the highest-conviction setups.
Explore the full breakdown on the SmallCapData dashboard.
GENERAL INFORMATION ONLY — This article is produced by an algorithm and does not constitute personal financial advice, a recommendation, or an offer to buy or sell any security. SmallCapData does not hold an Australian Financial Services Licence (AFSL). You should consider seeking independent financial advice before making any investment decision. Past performance is not indicative of future results.