S2 Support Breakouts

S2 Support Breakouts

S2 Support Breakout Stocks

S2 Support Breakout Stocks

What are S2 Support Breakout Stocks?

S2 Support Breakout Stocks are those that drop beneath their S2 support level. In technical analysis, the S2 level is considered an important support threshold that may halt or reverse a stock’s decline. If a stock breaks below this point, it often signals reduced market confidence and the potential for continued downward movement. Traders use this breakout as a sign of bearish sentiment, which could present short-selling opportunities or prompt more cautious strategies among investors.

What do S2 Support Breakout Stocks Tell Us?

An S2 support breakout happens when a stock price moves below its second support level, pointing to increased selling momentum and a shift toward a more bearish market outlook. Such a breakdown can imply that the stock’s previous support has weakened, allowing prices to descend further. By examining trading volume, subsequent support levels, and how the stock behaves around the S2 mark, market participants can gauge whether the downward trend might intensify or if a rebound is possible at lower price zones.

Filters Used to Sort the Above Stocks

1. Support 2 Standard > Price

This filter identifies stocks trading below their S2 level, suggesting the stock has lost this key support and could continue moving downward. Recognizing such a breakdown helps traders and investors spot stronger selling momentum.

2. Price > Support 3 Standard

This filter ensures the stock is above its S3 level, implying it has not yet reached the next, potentially weaker support. Hence, the stock is currently positioned between S2 and S3, pointing to a more moderate but still negative outlook.

Key Takeaways

1. Deep Correction Recovery

When a stock falls below S2, it often indicates a deeper correction. This breach can signal that the sellers remain in control and the price may drift further downward.

2. Potential Weakness Ahead

A breakdown beneath S2 can imply lingering bearish sentiment. Traders who spot such moves might anticipate additional pressure on the stock if no significant buying interest emerges soon.

3. Selling Momentum

Stocks below S2 usually show continued selling pressure. Such moves often align with higher trading volumes on down days, suggesting more sellers than buyers at these price levels.

4. No Guarantees

While a fall below S2 may point to ongoing weakness, it does not guarantee future losses. Market sentiment can shift suddenly, and traders should employ other tools—like volume analysis or fundamental research—to validate any potential trend.

5. Insights for Traders and Investors

A clear move below S2 can serve as an alert for active traders seeking short-selling setups or for investors who want to re-evaluate their holdings. Monitoring price action at or above the S3 level can offer insights into whether a further drop or partial recovery might occur.

This section highlights stocks that have recently fallen below their S2 support level. When a stock price slips under the S2 mark, it often indicates that sellers have taken control, pushing the price into a lower trading range. Such a move can suggest growing bearish momentum and the possibility of further price declines. By looking at these stocks, traders and investors can identify scenarios where selling pressure is gaining strength.

Support 2 (Standard)
Price

Price
Support 3 (Standard)

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Price
Day Price Change
Price %Change
Volume
P/E Ratio
Market Cap
1,495.20 -22.00 -1.45% 72,34,991 29.04 20,23,375
1,983.70 -22.50 -1.12% 62,58,461 21.49 15,21,084
933.50 -14.15 -1.49% 42,78,038 34.80 5,80,104
325.80 -5.85 -1.76% 1,45,54,942 128.27 2,06,985
815.10 -16.45 -1.98% 19,97,098 44.05 2,01,763
135.28 -1.85 -1.35% 69,23,282 27.18 1,76,791
452.25 -7.50 -1.63% 79,24,312 54.95 1,52,947
344.85 -6.10 -1.74% 48,03,470 10.99 1,49,613
5,756.50 -137.00 -2.32% 2,80,804 64.52 1,21,985
181.89 -3.78 -2.04% 1,37,93,909 11.33 1,19,595
3,117.70 -73.90 -2.32% 3,70,986 59.04 1,11,028
150.75 -2.78 -1.81% 65,95,034 27.93 1,06,072
874.05 -17.00 -1.91% 9,89,521 44.33 1,04,998
1,357.60 -26.40 -1.91% 7,81,058 60.52 98,745
2,371.10 -95.20 -3.86% 71,17,789 72.91 96,297
90.61 -1.69 -1.83% 69,45,089 - 95,675
7.17 -0.16 -2.18% 34,18,30,457 - 77,682
246.25 -3.55 -1.42% 53,84,398 23.34 72,312
2,206.30 -49.90 -2.21% 8,12,994 54.12 66,450
2,376.10 -35.20 -1.46% 8,04,235 44.97 64,627
773.70 -10.50 -1.34% 5,12,434 48.33 61,896
915.75 -12.15 -1.31% 1,08,224 484.19 59,256
1,444.70 -43.70 -2.94% 1,22,049 - 56,674
75.23 -1.40 -1.83% 1,65,15,100 37.21 55,167
1,982.80 -34.90 -1.73% 12,23,384 63.07 52,164