Biotechnology

Activating

Theme thesis

$KAI is broadening with 100% breadth and secondary names starting to confirm.

Use the confirmer and break level to decide if this setup is still worth your time.

StagePersistent

UpdatedLive

Breadth100%

Setup strength

Glance animation

Trade Read

Why it matters

$KAI is broadening with 100% breadth and secondary names starting to confirm.

What changed

KAI leadership persisted

What to watch

JAZZ is the clearest next confirmer and should tell us whether the move can broaden.

What breaks it

Cross-asset confirmation is still fragile, so spillover can stall before it becomes durable.

Latest Headlines

No symbol-linked headlines found in the current lookback window.

Headlines

No related headlines found

No recent headlines matched the theme's leader or member tickers in the current lookback window.

Who Is Leading

Names

Breadth

100%

How broad the move is

Leaders

Confirmers

Lagging

Leaders

Kadant Inc (KAI)

-4.6%

Conv.70

KAI is confirming the move early.

Confirmers

No live confirmer roster available.

Supporting Names

Jazz Pharmaceuticals plc (JAZZ)

-2.1%

JAZZ is currently driving the theme.

Sectors

What Is Confirming

Confirming Sectors

KAI

88% participation

88%

Watchlist Sectors

JAZZ — Participation 64%

Live Names

2 names

Live Names

Rank

Symbol

Role

Signal

Score

Recent

Note

KAI is confirming the move early.

Jazz Pharmaceuticals plc (JAZZ)

JAZZ is currently driving the theme.

Theme Stability

9 sessions

Stability

Theme stability

This view is meant to answer a simple question: is the theme holding together, broadening, narrowing, or still changing shape?

First seen2026-05-08

Last seen2026-05-15

Runs9

Days4

ReadModerately stable

Label drift2 variants

2026-05-08

Broadening

3 names

Biotechnology added 3 names and only removed 0

2026-05-12

Broadening

4 names

Biotechnology added 4 names and only removed 0

2026-05-13

Broadening

2 names

Building Products & Equipment added 2 names and only removed 0

2026-05-15

Reshuffled

2 names

Biotechnology added 1 and removed 1 names

Activation Evidence

Live

First wave leaders

Names that moved first.

Second wave confirmers

Follow-through names joining after the leader.

Net new members

New names added to the move.

Repeat rate

How often the same names keep reappearing.

Confirmer speed

33%

How quickly confirmation showed up.

Path coherence

How clean the activation path looks.

Sequence buildup

Whether the move built in sequence.

Leader to confirmer

n/a

Median lead time from leader to confirmer.