R1 Resistance Breakouts
by @scanx
R1 Resistance Breakout Stocks
What are R1 Resistance Breakout Stocks?
R1 Resistance Breakout Stocks are those that have moved above their Resistance 1 (R1) level. In technical terms, the R1 level serves as a key resistance point where sellers typically try to cap price gains. When a stock breaks above this level, it shows that the buying momentum has overtaken the selling pressure, indicating potential bullish sentiment. Traders often see R1 breakouts as opportunities, especially when they are supported by higher trading volume, as it suggests the breakout is strong and could continue.
What do R1 Resistance Breakout Stocks Tell Us?
Stocks breaking above their R1 level indicate a shift in market dynamics, where buying pressure outweighs selling resistance. This breakout is usually seen as a sign of growing demand and possible price continuation. Breaking through R1 may mean that previous resistance has turned into new support, which could sustain further gains. However, a breakout alone isn't enough—factors like volume, market trends, and overall sentiment must also be taken into consideration to confirm the breakout's validity.
Filters Used to Sort the Above Stocks
1. Resistance 2 Standard > Price
This filter locates stocks trading below their R2 level but already above R1. It implies they have not fully broken through the second resistance and are instead holding in the zone between R1 and R2. Such positioning can suggest moderate bullish sentiment, yet not strong enough to push the price above the R2 threshold.
2. Price > Resistance 1 Standard
This filter is used to identify stocks where the current price has crossed above the R1 level, signaling a breakout. This helps in locating stocks that are potentially entering a new bullish phase, with buyers pushing prices higher.
Key Takeaways
1. Breaking Resistance Levels
R1 breakout stocks are those that have managed to surpass a key resistance point, signaling a shift in momentum. This is often an indication that market sentiment has shifted from a neutral stance to a more bullish outlook.
2. Indication of Buying Strength
Moving above the R1 level suggests that buying strength is prevailing over selling pressure. If the breakout is supported by strong trading volume, it often indicates that the upward move has market support and could lead to further price increases.
3. Change in Market Dynamics
Resistance levels, such as R1, are typically areas where sellers dominate. When a stock surpasses this level, it implies a shift in market dynamics, where buyers are becoming more confident and overpowering sellers, potentially driving prices upward.
4. Caution Required
Although breaking above R1 is a positive signal, it does not guarantee continued gains. Investors should use additional analysis, such as observing trading volume or other technical indicators, to verify the breakout and understand the sustainability of the move.
5. Trading and Investing Insights
For traders, R1 breakouts can offer momentum-based opportunities for short-term gains. Investors may also view these breakouts as indications of strengthening fundamentals, especially if broader market conditions are favorable. Tracking such movements can help in understanding which stocks are gaining momentum and may offer attractive entry points.
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Stocks climbing past previous resistance levels potentially signaling sustained upward trends
Resistance 2 (Standard) Price
Price Resistance 1 (Standard)
Price | Day Price Change | Price %Change | Volume | PE Ratio | Market Cap | |
|---|---|---|---|---|---|---|
| 1,030.20 | 13.15 | 1.29% | 69,22,705 | 34.44 | 6,41,040 | |
| 1,724.40 | 11.00 | 0.64% | 12,03,988 | 37.53 | 4,13,741 | |
| 372.95 | 9.75 | 2.68% | 1,67,36,731 | 14.19 | 3,61,637 | |
| 278.65 | 4.00 | 1.46% | 3,19,71,956 | 7.68 | 3,50,549 | |
| 2,428.10 | 27.30 | 1.14% | 7,90,329 | 58.91 | 2,32,903 | |
| 193.98 | 4.46 | 2.35% | 1,45,95,009 | 7.64 | 1,48,077 | |
| 4,733.90 | 87.90 | 1.89% | 7,79,559 | 57.44 | 1,31,224 | |
| 946.70 | 19.35 | 2.09% | 18,21,350 | 10.83 | 1,27,517 | |
| 5,987.00 | 267.50 | 4.68% | 40,34,978 | 68.66 | 1,26,870 | |
| 208.85 | 5.36 | 2.63% | 1,46,24,480 | 33.30 | 1,22,675 | |
| 378.00 | 8.70 | 2.36% | 28,44,023 | 23.58 | 1,20,784 | |
| 3,206.20 | 99.10 | 3.19% | 13,39,800 | 62.60 | 1,14,179 | |
| 23,871.00 | 1,020.00 | 4.46% | 2,18,752 | 121.00 | 1,06,399 | |
| 1,087.90 | 6.45 | 0.60% | 20,83,868 | 74.15 | 1,05,828 | |
| 493.95 | 13.85 | 2.88% | 31,44,930 | 32.41 | 86,331 | |
| 292.60 | 4.30 | 1.49% | 50,30,819 | 16.83 | 72,066 | |
| 1,513.60 | 48.20 | 3.29% | 31,26,551 | 117.02 | 70,030 | |
| 921.00 | 14.40 | 1.59% | 13,06,102 | 69.79 | 69,532 | |
| 1,849.30 | 17.30 | 0.94% | 12,89,579 | 360.62 | 63,822 | |
| 761.30 | 15.35 | 2.06% | 9,28,207 | 20.92 | 62,763 | |
| 1,546.90 | 34.20 | 2.26% | 9,35,468 | 101.57 | 51,185 | |
| 1,686.70 | 30.20 | 1.82% | 5,26,249 | 26.51 | 48,071 | |
| 1,310.40 | 35.80 | 2.81% | 20,72,110 | 80.56 | 48,034 | |
| 3,048.00 | 31.60 | 1.05% | 2,82,164 | 31.52 | 46,244 | |
| 306.65 | 4.85 | 1.61% | 14,72,425 | 12.44 | 45,998 | |