R3 Resistance Breakouts

R3 Resistance Breakouts

R3 Resistance Breakout Stocks

R3 Resistance Breakout Stocks

What are R3 Resistance Breakout Stocks?

R3 Resistance Breakout Stocks are those that have managed to cross above their Resistance 3 (R3) level. In technical analysis, the R3 level represents a crucial barrier where sellers have historically tried to prevent further gains. When a stock breaks above this level, it signals that buying pressure has overpowered selling resistance, which could indicate a potential sustained upward trend. Traders often see R3 breakouts as positive signals for growth, especially when they come with a rise in trading volume.

What do R3 Resistance Breakout Stocks Tell Us?

Stocks breaking above their R3 resistance level indicate that buyers are strongly committed to pushing the price higher. Such breakouts imply that the stock has moved beyond multiple resistance levels, signaling growing confidence among investors. When a stock crosses its R3 level, it often means that the price has entered a new bullish phase, with the potential for creating new support levels. However, it's important to consider other factors, like overall market conditions and volume, to ensure that the breakout is backed by sustainable growth.

Filters Used to Sort the Above Stocks

1. Price > Resistance 3 Standard

This filter helps find stocks that have recently moved above their R3 level, suggesting that they have strong upward momentum. Surpassing R3 indicates that the stock has moved beyond an important resistance point, which might suggest increased buying interest and the potential for further gains.

Key Takeaways

1. Breaking Critical Resistance

R3 breakout stocks have crossed an important resistance level, suggesting that buyers have gained the upper hand. This can signal the start of a stronger upward trend as buying pressure builds.

2. Sign of Increased Buyer Interest

Moving above R3 typically indicates robust buying power, suggesting that there is enough momentum to push the price to new highs. This move often indicates that the stock could be starting a more sustained rally.

3. Overcoming Strong Selling Zones

The R3 level is often viewed as a significant area of selling pressure. When a stock breaks through this level, it demonstrates significant buying interest capable of overcoming sellers, which could pave the way for further gains.

4. No Guarantees of Continued Gains

Despite the strength implied by an R3 breakout, there is no guarantee that the stock will continue to rise without retracement. Investors should combine R3 breakouts with other indicators like trading volume and market trends to validate the move.

5. Opportunities for Traders and Investors

For traders, an R3 breakout can mean a chance to take advantage of short-term price gains, driven by strong momentum. For long-term investors, this type of breakout may indicate that the stock is shifting into a new growth phase, making it a potential candidate for further research. Observing these movements can help in identifying promising market trends and assist in better decision-making.

This section highlights stocks that have recently moved above their R3 resistance level. Breaking through R3 is generally a sign of strong buyer momentum, as it indicates that the stock has surpassed a significant selling zone and could be setting up for further gains. When a stock moves above R3, it often shows strong demand from buyers, which could sustain upward price movement. Both traders and investors use this information to identify stocks that are showing a solid uptrend and increased buyer interest.

Price
Resistance 3 (Standard)

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Price
Change
Price %Change
Volume
PE Ratio
Market Cap
3,439.60 115.70 3.48% 50,20,277 32.93 4,73,005
19.46 1.23 6.75% 50,03,48,731 23.36 61,014
1,220.40 31.55 2.65% 61,54,229 49.23 41,715
1,535.30 41.50 2.78% 2,64,018 63.96 26,342
1,540.00 17.00 1.12% 1,92,897 49.17 16,111
85.92 -1.38 -1.58% 49,34,443 74.68 15,698
690.70 35.95 5.49% 2,37,460 31.51 12,988
2,169.70 48.20 2.27% 5,66,804 18.40 9,557
493.00 18.05 3.80% 2,61,946 33.64 8,524
532.65 48.40 9.99% 14,31,063 - 6,955
767.10 19.35 2.59% 16,92,626 92.83 4,768
131.65 15.05 12.91% 4,49,63,876 64.42 4,035
143.88 7.99 5.88% 3,72,818 17.67 3,255
1,035.35 102.60 11.00% 10,37,291 26.32 3,243
477.90 76.30 19.00% 51,58,714 68.17 2,569
290.55 5.85 2.05% 57,759 55.93 2,546
317.40 6.20 1.99% 4,596 55.87 2,466
528.30 64.05 13.80% 18,21,099 13.65 2,296
233.68 7.48 3.31% 3,11,835 20.31 2,265
336.10 -2.05 -0.61% 3,97,445 23.66 2,035
463.50 77.25 20.00% 1,14,49,275 165.17 1,997
678.80 -10.25 -1.49% 1,94,027 22.81 1,646
128.02 6.09 4.99% 11,266 63.84 1,491
264.65 33.30 14.39% 5,04,412 23.56 1,454
992.60 19.45 2.00% 120 130.80 1,352