Breakout Screens - Weekly Chartmill Channel Breakout

Breakout Screens - Weekly Chartmill Channel Breakout Image

This screen finds stocks that have a long upper weekly chartmill channel. The stock is currently trading near the upper channel line. The channel line acts as resistance, when the stocks breaks this resistance a possible strong move may follow.

Related Articles
Article Image

Popular Screens: Finding narrow trading ranges using Chartmill Channels

Finding narrow trading ranges with ChartMill Channels

Article Image

Chartmill Channels

A Chartmill Channel is a horizontal channel wherein prices move sideways

Article Image

TRADERS - Chartmill (fka Monest) Channels

An in depth reading on ChartMill Channels

Article Image

Mansfield Relative Strength

Mansfield Relative Strength as used by Stan Weinstein

Article Image

The Breakout Trading Strategy

The Breakout trading strategy is a strategy by which a position is taken as soon as a certain price level is broken.

Article Image

When To Enter A Breakout Trade? 4 Different Ways To Master The Entry

Learn when to enter a breakout trade in 4 different ways, each with its own advantages and disadvantages. Whether you're buying before, during, or after the breakout or waiting for a retest, identifying key levels and monitoring momentum are essential.

Article Image

Support and Resistance Stock Screener and Trading Strategies

The Stock Screener supports different support and resistance trading strategies. Some examples are listed in this article.

Article Image

How to Screen for Breakout Stocks: A Comprehensive Guide

Discover how to screen for breakout stocks or stock that are on the verge of doing so. Take advantage of specific price and volume filters and very sophisticated fully automated support and resistance recognition by ChartMill.

Article Image

Stan Weinstein stage analysis in chartmill

Weinstein stage analysis in the ChartMill charts and screener

Stock Screener Settings

Signal: Weekly CC breakout

This filter finds stocks trading near the weekly upper chartmill channel. The upper channel line has a minimum length of 20 weeks.

Average Volume: 50 SMA > 300K

This filter excludes stocks with an average daily volume below 300K.

Chart Settings

Weekly charts with the chartmill channels are shown.

Regional Run

Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.