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Bullish Percent Index Calculator

Calculate the percentage of stocks in an index that are on point-and-figure buy signals — a classic market breadth gauge.

Market SentimentBeginner
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Bullish Percent Index62.4%neutral zone
BPI measures market breadth: the share of stocks in an index on point-and-figure buy signals. Readings above 70% suggest an overbought market; below 30% oversold. Reversals out of those zones are the classic signals.

Not financial advice. Results are estimates based on the values you enter and simplified assumptions; real trades are affected by fees, slippage, gaps and other factors. Trading involves substantial risk of loss. Read the full disclaimer.

How to calculate the Bullish Percent Index

BPI = Stocks on buy signals ÷ Total stocks in the index × 100

Worked example

  1. 312 of the 500 stocks in an index are on point-and-figure buy signals.
  2. BPI = 312 ÷ 500 = 62.4% — in the neutral zone.

How to interpret the Bullish Percent Index

Above 70% the market is considered overbought, below 30% oversold. The classic signals are reversals: BPI turning down from above 70% or up from below 30%. Because it counts stocks rather than weighting by size, BPI shows whether a rally is broad or driven by a few large names.

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Bullish Percent calculator FAQ

What counts as a buy signal?

A point-and-figure double-top breakout: the current column of Xs exceeds the previous column of Xs.

Can I use another definition of bullish?

Yes — e.g. stocks above their 50-day moving average. Just keep the definition consistent over time.