Stocks that breakout today

Screening Filters

1. Market Cap ≥ 1,000,000,000 (≥ $1B)

   • Purpose: Focus on larger, more established companies.
   • Rationale: Breakouts in tiny micro-caps are often illiquid, easily manipulated, and less reliable. By requiring at least a $1B market cap, the screener concentrates on stocks where breakouts are more likely driven by real institutional interest and fundamental or news catalysts, not random spikes.

2. Price ≥ $10

   • Purpose: Exclude very low-priced and penny stocks.
   • Rationale: True technical breakouts are harder to interpret in low-priced names where a few cents’ move can create large percentage swings. A minimum price of $10 keeps the focus on more “serious” issues where breakouts tend to be more meaningful and tradable.

3. Relative Volume ≥ 2

   • Purpose: Capture stocks trading with at least double their average volume today.
   • Rationale: A breakout is more credible when it’s confirmed by strong volume. Relative volume ≥ 2 means today’s trading activity is significantly higher than usual, suggesting increased participation from traders and investors, which is a key characteristic of valid breakouts.

4. Support/Resistance Relationship: PriceBreakResistance

   • Purpose: Identify stocks whose prices have moved above a key resistance level.
   • Rationale: This is the core “breakout” condition. A breakout is typically defined as price moving through and closing above a well-established resistance area. This filter explicitly looks for that pattern, aligning directly with the idea of “stocks that have experienced a breakout.”

5. Price Change % ≥ 5% (Today)

   • Purpose: Ensure the breakout is accompanied by a strong price move.
   • Rationale: Most traders consider a breakout more significant if price has moved meaningfully, not just marginally nudged above resistance. A minimum 5% gain helps filter for impactful moves rather than minor, possibly false breakouts.

Why Results Match the Question “Which stocks have experienced a breakout today?”

• The PriceBreakResistance filter directly targets the technical definition of a breakout (price moving above resistance).
• The price change ≥ 5% and relative volume ≥ 2 conditions add strength and confirmation that this is a real breakout occurring today, not just a tiny drift above resistance.
• The market cap ≥ $1B and price ≥ $10 constraints refine the list to more liquid, tradable, and generally higher-quality names, making the breakout signals more reliable and actionable for most investors.