A handful of names keep showing up.

A relative-strength (RS) leader is a stock that has outperformed the broad market over a measurement window, ranked by percentile against an investable universe. TickerStance treats a name as a "consensus leader" when it lands in the top decile of relative strength across at least three of five different windows simultaneously: 3-month, 6-month, 1-year, the IBD-style Classic composite, and the Leadership composite. The narrower the consensus, the more the market is rotating; the broader, the more leadership is locked in.

RS rating is a 1–99 percentile score that compares a stock's return against an investable universe over a chosen window (IBD popularised the 1-year version). The RS line is a chart overlay — a running price ratio of the stock to a benchmark (typically the S&P 500). A new high on the RS line means the stock is outperforming the index at this moment; a high RS rating means it has outperformed across a longer history. They answer related but different questions: "Is it leading right now?" versus "Has it led recently enough to matter?"

Any single-horizon RS rating answers one question. A name strong only on 3-month is recent — likely a new theme or earnings move. A name strong on 6-month and 1-year is established but might be late. The Classic composite is the IBD-style 1–99 blend; the Leadership composite is the broadest filter across every per-ticker reading. Stocks that light up on three or more lenses at once are the rare ones: the market trusts them across time scales and filters. Consensus across multiple horizons filters out short-term noise and stale leadership in one screen, which is what /leaders surfaces.

Once per US trading day. Rankings are computed from end-of-day data and posted around 17:00 ET. The board does not stream intraday — TickerStance is a regime read, not a quote service. Pro subscribers can also replay the board for any past trading day via the date selector.

The broader relative-strength calculation runs across every common-stock (CS) and ADR (ADRC) ticker so per-ticker dossiers can show an honest percentile against the full universe. The leaderboard widgets here apply a liquidity gate on top: closing price ≥ $5 and a 20-day average dollar volume ≥ $5M. ETFs, leveraged products, OTC pink-sheets, and illiquid names are filtered out before ranking.

Most likely one of three reasons. (1) It does not rank in the top decile of at least three of the five lenses — strong on one or two horizons is not enough. (2) It fails the liquidity gate (price < $5 or 20-day avg dollar volume < $5M). (3) It is an ETF, leveraged product, OTC pink-sheet, or non-CS/non-ADRC ticker that is excluded from the eligible set. The per-ticker dossier at /ticker/[symbol] shows the RS percentile across every horizon and explains which gate failed.

No. TickerStance reports market conditions — where leadership is concentrated, how it has rotated over the last 21 trading days, and which sectors are most represented. It does not recommend trades, time entries, or rank-order tickers as buy candidates. Past regime is not future returns. Use the consensus board to understand the tape; combine with your own framework before any decision.