Support and Resistance Levels
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Stock Of The Day: Breakout Time For D.R. Horton?
Benzinga· 2025-08-04 17:56
Core Viewpoint - D.R. Horton, Inc. (DHI) shares are experiencing upward movement, indicating a potential breakout that could lead to a new uptrend [1] Price Dynamics - Support levels are price points where buying interest is significant, preventing further declines, while resistance levels are where selling interest is high, halting price increases [2] - The stock previously fell sharply in late October, finding support around $151, but broke this support in December, leading to buyer regret [3][5] Market Behavior - Many investors chose to hold their losing positions, hoping to exit at breakeven, which resulted in a concentration of sell orders at the previous support level of $151, now acting as resistance [5] - A false breakout can occur when a stock appears to break resistance but quickly reverses downward [6] - A true breakout happens when buyers surpass sellers at resistance, indicating that sellers have exited the market, potentially leading to a new uptrend for D.R. Horton [7]
X @Market Spotter
Market Spotter· 2025-08-01 02:22
#BNBOur indicator shows precise support and resistance levels. Perfect tool for spotting key market zones! 📊🚀 https://t.co/jOzQHXj51X ...
X @Market Spotter
Market Spotter· 2025-07-29 20:23
Technical Analysis - The analysis identifies key support and resistance levels for ROSE [1] - The analysis suggests a potential price bounce from support towards the resistance zone [1] - Precision in identifying these levels is emphasized [1]
X @Market Spotter
Market Spotter· 2025-07-24 11:22
Our indicator nails it again! 🎯 #PEPE is reacting precisely to the support and resistance levels. Watch how price moves exactly within the zones—true accuracy in action! 📊 https://t.co/Vri4cxaP66 ...
Stock Of The Day: Turning Point For Coterra Energy?
Benzinga· 2025-07-22 15:53
Core Viewpoint - Coterra Energy Inc. (CTRA) may be on the verge of a bullish reversal as it approaches a key support level, prompting traders to monitor for potential upward movement [1]. Price Action and Resistance - The phrase "Sell at former tops" indicates that stocks often face resistance when returning to previously established peak prices, such as Coterra's resistance around $29.50 encountered in January and again in March [2]. - The resistance at these levels is attributed to investors who bought at the top and later regretted their decision when prices fell, leading them to sell when the stock returned to these levels [4]. Support Levels - Coterra shares found a bottom around $22.30 in November 2024, which served as a support level when the stock returned to this price in May [5]. - Investors who sold at the bottom in November regretted their decision after the price rallied, prompting them to place buy orders when the stock returned to the same price, thus forming support [6]. Trading Insights - Successful traders recognize that identifying key support and resistance levels can lead to low-risk and profitable trading opportunities, as trends may reverse upon reaching these levels [6].
Stock Of The Day: Will Estee Lauder Fill The Gap?
Benzinga· 2025-06-17 19:42
Core Viewpoint - The stock of The Estée Lauder Companies Inc. is experiencing consolidation after a significant gain, encountering resistance at approximately $74.75, which may indicate a potential for further movement in the stock price [1][2]. Price Movement and Resistance - The stock gained over 10% on Monday before hitting resistance at $74.75, a level previously established in late February [1][3]. - The resistance at this price level is attributed to buyer's remorse from previous investors who sold their shares when the price dropped [5][7]. Market Dynamics - The presence of remorseful buyers at the resistance level indicates that if these sellers can be overpowered by new buyers, the stock may experience a rapid increase in price [6]. - The gap down from around $80.80 to $74.75 in January created a situation where there was no trading in between these prices, leading to fewer sellers if the stock returns to these levels [7][8]. Implications for Future Trading - If the stock can surpass the resistance level, it may lead to a scenario where buyers compete against each other, potentially driving the price higher [8].
X @Market Spotter
Market Spotter· 2025-05-31 14:35
#INJ 4H CHARTOUR INDICATOR NAILS SUPPORT & RESISTANCE LEVELS WITH PRECISION!IF INJ HOLDS THIS SUPPORT ZONE, WE COULD SEE A STRONG MOVE TOWARD RESISTANCE!EYES ON THE BREAKOUT! https://t.co/oBazwzjp55 ...
3 Best Breakout Stocks to Add to Your Portfolio Right Away
ZACKS· 2025-05-23 20:01
Core Insights - The article discusses an active investing strategy focused on identifying breakout stocks within a specific price range, emphasizing the importance of support and resistance levels in making investment decisions [1][2][3]. Group 1: Breakout Stocks - Barclays PLC (BCS), NatWest Group plc (NWG), and Aris Mining Corporation (ARMN) are highlighted as today's breakout stocks [1]. - BCS anticipates an earnings growth rate of 21.2% for the current year [7]. - NWG expects an earnings growth rate of 17.3% this year [9]. - ARMN projects an impressive earnings growth rate of 226.5% for the current year [10]. Group 2: Screening Criteria - The screening criteria for selecting breakout stocks include a percentage price change over four weeks between 10% and 20%, current price close to 52-week highs, and a Zacks Rank of 1 [6]. - Additional criteria include a beta for 60 months less than or equal to 2 and a current price less than or equal to $20 [7]. - These criteria narrow down the stock universe from over 6,853 to only nine potential candidates [7].
Stock Of The Day – Where Will The Tesla Selloff End?
Benzinga· 2025-03-11 14:29
Core Viewpoint - Tesla, Inc. shares have experienced a significant selloff of over 15% on Monday, but are showing signs of a small rebound on Tuesday, with the stock down more than 50% since December 17, finding a bottom around the $222.00 level, which is identified as a critical support level for the stock [1]. Price Levels and Market Dynamics - In the stock market, certain price levels hold more significance due to high trading volumes, where trends may pause or reverse upon reaching these levels [2]. - Support and resistance levels are crucial; a downtrend occurs when there are insufficient buy orders to absorb sell orders, leading to forced price reductions [3]. - Conversely, an uptrend forms when there are not enough sell orders to meet buy orders, causing traders to outbid each other [4]. Support and Resistance Conversion - Price levels that were previously support can become resistance, and vice versa, indicating a dynamic market behavior that traders must consider [5]. - The $222.00 level served as resistance for Tesla in October, marking the end of a selloff [6]. Market Sentiment and Potential Recovery - Many investors who sold shares at the $222.00 level regretted their decision when the stock price increased after breaking through that resistance, leading to a concentration of buy orders at this level during the recent drop [7]. - This influx of buyers has created a support level, suggesting that Tesla may be poised for a potential rally following its recent price movements [7].