4 Week High Breakouts
by @scanx
4 Week High Breakouts
What are 4 Week High Breakouts?
4 Week High Breakouts represent stocks that have moved past their highest closing price over the last four weeks. This breakout signals that the stock has gained enough momentum to surpass its recent resistance levels. Such movements are often considered as early indicators of a bullish trend. The price action can suggest that market participants are increasingly confident in the stock’s potential, leading to increased buying pressure. Tracking these breakouts can help identify stocks that might continue to outperform in the short term, although they require further analysis for long-term investment decisions.
What do 4 Week High Breakouts Tell Us?
4 Week High Breakouts tell us that the stock has recently surpassed its previous price ceiling, indicating upward momentum. This could be a sign that the stock is gaining strength and has positive market sentiment behind it. When stocks break out to a 4-week high, it often signals that investors are expecting the stock to continue its positive trajectory. However, it is important to note that while this breakout can be a strong signal of potential growth, it does not guarantee future performance. Further analysis is necessary to assess the sustainability of the breakout.
Filters Used to Sort the Above Stocks
1. High Price 1 Day > High Price 1M
This filter is used to highlight stocks where the current price has surpassed the highest price of the last month. It helps identify stocks that are showing immediate strength and momentum, as they are moving higher compared to their recent performance. By focusing on this filter, you can pinpoint stocks that have made notable gains in the short term. This is an essential filter to capture stocks that are making significant upward moves and could be poised for further growth.
Key Takeaways
1. What do 4 Week High Breakouts indicate?
These indicate stocks that have moved beyond their recent resistance, potentially signaling upward momentum. It is a sign of growing strength in the stock.
2. What is the significance of 4 Week High Breakouts?
The key takeaway from 4 Week High Breakouts is that these stocks are outperforming their recent performance, making them candidates for short-term momentum plays. However, performance must be evaluated within the broader market context.
3. How reliable are 4 Week High Breakouts?
A breakout past the 4-week high is often an early sign of a stronger upward trend. This suggests the stock is attracting positive market attention and investor sentiment.
4. What do 4 Week High Breakouts suggest?
These breakouts can be a signal of increased buying interest. Investors and traders watch for these movements as they could lead to further price increases if the momentum continues.
5. What considerations should be taken when analyzing 4 Week High Breakouts?
While 4 Week High Breakouts may signal bullish trends, they do not guarantee future performance. Proper analysis and risk management are crucial for making informed investment decisions.
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Securities exceeding their highest price in the last month indicating short-term bullish momentum
High Price High Price (Mon)
Price | Day Price Change | Price %Change | Volume | PE Ratio | Market Cap | |
|---|---|---|---|---|---|---|
| 1,790.00 | 60.00 | 3.47% | 1,54,13,025 | 171.06 | 1,14,620 | |
| 23.40 | 0.33 | 1.43% | 20,54,10,106 | 19.25 | 73,443 | |
| 365.00 | 26.45 | 7.81% | 2,88,37,966 | 18.70 | 39,716 | |
| 1,895.70 | -10.70 | -0.56% | 15,60,989 | 58.53 | 31,779 | |
| 320.45 | 1.45 | 0.45% | 23,49,306 | 171.56 | 24,867 | |
| 394.75 | 7.25 | 1.87% | 15,89,608 | 120.51 | 23,609 | |
| 731.80 | -3.10 | -0.42% | 2,54,83,055 | -9.49 | 18,643 | |
| 647.55 | 15.95 | 2.53% | 14,53,879 | 84.29 | 18,113 | |
| 216.40 | 2.86 | 1.34% | 19,14,804 | 39.37 | 10,576 | |
| 438.50 | -4.45 | -1.00% | 67,235 | 19.80 | 9,739 | |
| 84.59 | 0.12 | 0.14% | 2,09,96,365 | 30.64 | 7,694 | |
| 386.80 | 4.55 | 1.19% | 3,93,782 | 20.72 | 6,738 | |
| 751.50 | 119.50 | 18.91% | 2,16,11,638 | 0.00 | 5,951 | |
| 350.20 | 0.50 | 0.14% | 2,38,731 | 19.44 | 5,702 | |
| 642.30 | 49.45 | 8.34% | 3,02,54,888 | 42.01 | 5,319 | |
| 374.65 | 19.55 | 5.51% | 24,21,472 | 41.52 | 5,280 | |
| 6,846.50 | 623.00 | 10.01% | 1,78,685 | 46.10 | 5,160 | |
| 1,349.90 | 84.50 | 6.68% | 33,86,100 | 185.10 | 5,089 | |
| 1,834.60 | 195.10 | 11.90% | 30,28,115 | 76.47 | 3,825 | |
| 742.40 | 4.50 | 0.61% | 4,23,769 | -3.25 | 3,251 | |
| 416.85 | 21.45 | 5.42% | 11,68,248 | 67.65 | 2,895 | |
| 6,003.65 | 285.85 | 5.00% | 99 | 2,962.59 | 2,861 | |
| 36.30 | 1.72 | 4.97% | 14,15,087 | 157.18 | 2,531 | |
| 146.93 | 14.13 | 10.64% | 90,88,731 | 38.90 | 2,396 | |
| 1,852.40 | 97.20 | 5.54% | 2,58,873 | 41.67 | 2,184 | |