S3 Support Breakouts
by @scanx
S3 Support Breakout Stocks
What are S3 Support Breakout Stocks?
S3 Support Breakout Stocks are those that descend under their Support 3 (S3) level. In technical analysis, dropping below this point indicates that previously strong support has failed, allowing the price to slide further. When a stock breaks below S3, it often reflects a deeper bearish trend, prompting traders to consider strategies like short-selling or risk management to navigate potential downward movements.
What do S3 Support Breakout Tell Us?
When a stock breaks below the S3 level, it highlights increased selling activity and the possibility of continuing weakness. This shift can confirm a stronger downtrend, as the price has breached what was considered a significant support threshold. While an S3 breakdown can signal intensified bearish sentiment, it doesn’t guarantee further declines. Investors and traders should look at trading volume, additional support levels, and overall market context to assess whether the downtrend might persist or if a bounce is still possible.
Filters Used to Sort the Above Stocks
1. Price < Support 3 Standard
This filter spots stocks trading below their S3 level, suggesting they have lost an important support zone. When a stock falls under this mark, it can signal ongoing bearish momentum, as the price slips deeper into a possible downtrend.
Key Takeaways
1. Recovery from Deep Correction
Stocks falling below the S3 level often demonstrate a more severe price correction. This breach suggests the downtrend may have further room to run if selling pressure remains strong.
2. Heightened Bearish Momentum
Moving below S3 typically indicates that selling interest has overwhelmed the buyers at a critical support point. This stronger bearish sentiment could drive prices even lower unless new buyer demand emerges.
3. Loss of Key Support
S3 is often viewed as a substantial support zone. Breaking beneath this line implies that the stock has failed to stabilize at earlier levels, reinforcing the potential for an extended downward move.
4. Not a Guarantee of Trend Continuation
Although a breakdown below S3 signals a deep correction, it doesn't guarantee ongoing losses. Market shifts, fundamental news, or sudden buyer interest can still alter the stock's trajectory.
5. Useful for Traders and Investors
Traders might watch such breakdowns for short-selling setups or to fine-tune their stop-loss orders. Long-term investors may interpret a breach of S3 as a warning sign to re-evaluate positions or wait for more stability before committing new funds.
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Identifies stocks falling through support lines possibly forecasting extended declines
Price Support 3 (Standard)
Price | Day Price Change | Price %Change | Volume | PE Ratio | Market Cap | |
|---|---|---|---|---|---|---|
| 1,292.50 | -39.10 | -2.94% | 1,92,33,369 | 19.28 | 5,24,159 | |
| 1,654.90 | -62.20 | -3.62% | 80,89,531 | 37.62 | 3,97,066 | |
| 434.10 | -20.00 | -4.40% | 2,96,05,732 | 9.41 | 2,67,524 | |
| 229.47 | -15.20 | -6.21% | 4,92,375 | 17.85 | 3,713 | |
| 602.05 | -29.70 | -4.70% | 4,49,713 | 33.43 | 2,117 | |
| 431.55 | -22.70 | -5.00% | 49,425 | 69.03 | 1,783 | |
| 121.90 | -6.40 | -4.99% | 101 | -2,566.00 | 1,610 | |
| 987.75 | -20.15 | -2.00% | 800 | 238.27 | 1,020 | |
| 221.86 | -15.57 | -6.56% | 2,27,464 | 17.94 | 875 | |
| 383.20 | -1.80 | -0.47% | 3,000 | - | 836 | |
| 861.70 | -45.35 | -5.00% | 57,400 | 27.10 | 793 | |
| 263.20 | -13.80 | -4.98% | 30,000 | 34.58 | 629 | |
| 86.33 | -1.76 | -2.00% | 378 | 587.27 | 585 | |
| 677.35 | -35.60 | -4.99% | 71 | 35.99 | 472 | |
| 451.00 | -3.95 | -0.87% | 500 | 32.13 | 457 | |
| 16.56 | -0.87 | -4.99% | 1,25,927 | 14.88 | 447 | |
| 186.00 | -3.75 | -1.98% | 10,000 | -231.40 | 419 | |
| 121.50 | -2.45 | -1.98% | 11,946 | 1,239.50 | 400 | |
| 357.20 | -7.25 | -1.99% | 254 | -4.54 | 391 | |
| 326.60 | -6.65 | -2.00% | 11 | 350.79 | 363 | |
| 79.03 | -4.15 | -4.99% | 333 | -1,663.60 | 358 | |
| 23.06 | -0.43 | -1.83% | 1,45,156 | -33.08 | 355 | |
| 215.05 | -4.90 | -2.23% | 4,500 | 43.73 | 335 | |
| 94.39 | -1.92 | -1.99% | 1,177 | 157.89 | 329 | |
| 86.30 | -3.70 | -4.11% | 4,703 | 21.48 | 329 | |