R3 Resistance Breakouts
by @scanx
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.
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Stocks climbing past previous resistance levels potentially signaling sustained upward trends
Price Resistance 3 (Standard)
Price | Change | Price %Change | Volume | P/E Ratio | Market Cap | |
|---|---|---|---|---|---|---|
| 4,302.30 | 224.30 | 5.50% | 9,60,620 | 64.43 | 1,45,609 | |
| 99.62 | 5.59 | 5.94% | 2,18,93,601 | -671.57 | 1,05,189 | |
| 6,818.00 | -82.00 | -1.19% | 35,167 | 99.74 | 58,147 | |
| 1,995.80 | 104.00 | 5.50% | 7,22,589 | 40.30 | 31,264 | |
| 331.85 | 9.25 | 2.87% | 4,78,110 | 58.41 | 30,654 | |
| 923.15 | 99.30 | 12.05% | 96,99,892 | 9.47 | 16,535 | |
| 1,102.00 | 61.45 | 5.91% | 8,39,171 | 4,342.71 | 15,484 | |
| 155.62 | 4.01 | 2.64% | 14,17,173 | 116.54 | 14,784 | |
| 3,839.90 | 116.20 | 3.12% | 18,195 | 45.41 | 12,122 | |
| 214.38 | 12.71 | 6.30% | 4,37,83,375 | 14.63 | 12,049 | |
| 483.65 | 8.95 | 1.89% | 2,92,900 | 26.00 | 11,623 | |
| 73.02 | -0.78 | -1.06% | 20,98,065 | -13.10 | 8,912 | |
| 483.80 | 32.45 | 7.19% | 15,35,320 | 21.94 | 7,615 | |
| 1,450.20 | 28.10 | 1.98% | 69,910 | 58.77 | 6,166 | |
| 152.21 | 16.83 | 12.43% | 2,53,77,829 | 30.11 | 6,073 | |
| 84.48 | 6.34 | 8.11% | 1,37,41,548 | 36.33 | 4,144 | |
| 512.45 | 32.75 | 6.83% | 92,49,108 | 10.62 | 3,445 | |
| 116.26 | 1.38 | 1.20% | 22,26,533 | 81.49 | 2,904 | |
| 40.35 | 1.83 | 4.75% | 49,387 | 385.20 | 2,813 | |
| 7.36 | 0.75 | 11.35% | 5,77,24,082 | 220.33 | 2,677 | |
| 768.25 | 23.70 | 3.18% | 1,60,048 | 61.97 | 2,350 | |
| 8,545.00 | 872.50 | 11.37% | 17,137 | 63.55 | 2,193 | |
| 303.65 | 14.45 | 5.00% | 50,076 | 63.42 | 2,189 | |
| 1,383.30 | 20.10 | 1.47% | 1,111 | 57.31 | 2,174 | |
| 460.05 | 3.10 | 0.68% | 64,340 | -13.18 | 2,014 | |