Screening Filters
Support/Resistance Relationship: ['PriceBreakResistance', 'PriceAroundResistance']
- Purpose: To identify stocks where the price has recently broken through a resistance level and is now trading near that broken resistance zone.
- Rationale: The user specifically requested stocks where the price has confirmed a breakout of a recent resistance level (criterion 1) and is currently in a pullback phase, touching the broken resistance zone (criterion 3). This filter directly addresses both of these criteria by focusing on stocks that have broken resistance and are trading near that zone.
Relative Volume: {'min': '150'}
- Purpose: To ensure that the breakout occurred with significant volume, indicating strong market participation and a higher likelihood of a valid breakout.
- Rationale: The user requested that the breakout be accompanied by volume greater than 1.5x the average (criterion 2). Setting a minimum relative volume of 150% ensures that only stocks with substantial volume spikes during the breakout are considered, aligning with the user's intent to filter for "real intention" behind the price movement.
Technical Indicators: 'Analyze recent price movements to identify confirmed resistance breakouts followed by a retest of the broken zone.'
- Purpose: To analyze price action and confirm that the breakout has occurred and is followed by a retest of the broken resistance zone.
- Rationale: This filter is designed to identify the specific technical setup the user is looking for: a confirmed breakout followed by a pullback to the broken resistance zone. It ensures that the stocks returned meet the user's criteria for a "safe entry" point.
Why Results Match:
- The filters applied are highly aligned with the user's request. They focus on identifying stocks with confirmed resistance breakouts, significant volume during the breakout, and a pullback to the broken resistance zone.
- However, no results were returned because the combination of these strict criteria (confirmed breakout, high relative volume, and precise pullback) may have been too restrictive, especially given current market conditions. It is possible that no stocks currently meet all these conditions simultaneously.
Why No Results Were Found:
- The requirement for a confirmed breakout with a pullback to the exact resistance zone is a very specific technical setup that may not be present in the market at this time.
- The relative volume filter (minimum 150%) further narrows the results, as not all breakouts occur with such a significant volume spike.
- The combination of these filters creates a highly selective screening process, which can result in no matches if the market does not currently exhibit this exact pattern.
Next Steps:
Would you like to adjust the filters to broaden the search? For example:
- Lowering the relative volume threshold (e.g., to 120%) to include breakouts with slightly less volume.
- Expanding the criteria for the pullback zone to include stocks trading near, but not exactly at, the broken resistance level.
- Including additional timeframes or relaxing the requirement for a confirmed breakout to capture more potential setups.
Let me know how you’d like to proceed!
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.