S1 Support Breakouts

S1 Support Breakouts

S1 Support Breakout Stocks

S1 Support Breakout Stocks

What are S1 Support Breakout Stocks?

S1 Support Breakout Stocks are those that have moved below their Support 1 (S1) level. In technical analysis, the S1 level represents a key support point, where prices may tend to stop falling and even reverse. When a stock breaks down from this level, it suggests the stock is losing strength and could continue moving downward. Traders use this as an indicator of a potential bearish trend.

What do S1 Support Breakout Stocks Tell Us?

An S1 support breakout occurs when a stock price falls below its first support level, signaling increased selling pressure and bearish sentiment. It suggests potential weakness and continuation of a downtrend. Traders monitor volume, next support levels, and resistance at S1 to assess opportunities or risks.

Filters Used to Sort the Above Stocks

1. Support 1 Standard > Price

This filter is used to identify stocks where the current price has moved below the S1 level, indicating that they have broken down the support. This is important because it helps in identifying stocks that have breached this strong level and are moving downwards.

2. Price > Support 2 Standard

This filter ensures that the price is not below the Support 2 level, reinforcing that the stock has sufficient strength to either bounce back. This ensures that the stock is maintaining its stability and has not fallen to much weaker support zones.

Key Takeaways

1. Identifying Potential Downtrends

When a stock’s price falls below its first support level (S1), it often suggests a growing bearish sentiment. Traders can use this sign to spot early indications of a downtrend, helping them decide whether to go short or adjust their risk management.

2. Evaluating Support Breakdowns in Context

Observing an S1 breakdown is more insightful when paired with volume data and an understanding of overall market trends. A sharp price dip accompanied by rising sell volume, for instance, can signal a deeper slide. By combining these observations, traders gain a clearer view of possible continued downward pressure.

3. Technical Indicators

Using support levels like S1 is a common strategy for traders to gauge market sentiment and strength. Breakdowns from these levels often attract selling interest, signaling negative market sentiment.

4. No Guarantees

A breakout below the S1 level doesn't ensure long-term movement but is a useful indicator of short-term momentum. Traders should use this alongside other indicators to make well-informed decisions.

5. Trader and Investor Focus

These breakouts are often closely watched by traders looking for potential entry points in stocks as shorts. Investors may also use these signals to identify stocks to exit their holdings.

This section explains stocks that have recently moved below their S1 support level. Crossing this level is often considered a bearish signal, indicating that sellers have gained the upper hand over buyers. A breakdown below the S1 level suggests that the stock could be transitioning to a lower price range, possibly setting the stage for additional price loss. Traders and investors can use this data to pinpoint stocks that are showing strong selling momentum.

Support 1 (Standard)
Price

Price
Support 2 (Standard)

Customize

Price
Day Price Change
Price %Change
Volume
PE Ratio
Market Cap
1,817.20 -28.40 -1.54% 45,70,083 54.16 10,36,187
9,112.00 -189.00 -2.03% 10,89,354 36.15 5,64,833
3,272.10 -28.50 -0.86% 20,04,819 32.73 4,49,971
2,204.40 -18.60 -0.84% 21,36,003 22.49 4,38,284
2,864.20 -37.20 -1.28% 22,99,310 29.12 3,56,172
246.33 -3.04 -1.22% 1,56,16,265 7.78 3,09,890
240.90 -1.85 -0.76% 1,66,20,430 19.36 2,52,267
1,028.40 -16.10 -1.54% 27,84,217 72.31 2,51,490
2,431.60 -32.80 -1.33% 7,02,217 54.19 2,33,239
445.00 -14.35 -3.12% 42,51,762 20.54 1,88,027
521.95 -10.40 -1.95% 84,22,092 67.98 1,76,511
413.30 -6.95 -1.65% 1,12,05,671 14.14 1,61,616
5,575.50 -75.00 -1.33% 4,57,510 34.86 1,52,860
2,737.90 -36.00 -1.30% 7,11,996 66.84 1,30,074
1,525.90 -25.80 -1.66% 13,53,813 25.11 1,23,234
2,661.10 -56.60 -2.08% 35,21,060 39.83 1,07,343
397.35 -9.15 -2.25% 67,32,062 10.94 1,04,827
1,174.80 -25.70 -2.14% 12,86,573 18.66 98,032
633.10 -12.90 -2.00% 32,24,438 104.93 96,793
133.71 -2.48 -1.82% 2,54,85,740 23.21 94,082
1,854.10 -26.20 -1.39% 9,34,598 37.18 91,904
7,038.50 -115.50 -1.61% 2,12,327 142.24 91,208
891.80 -16.20 -1.78% 12,53,219 22.69 90,971
2,968.10 -70.40 -2.32% 3,33,048 78.53 87,982
859.65 -20.60 -2.34% 10,90,283 19.53 86,501