Crossed Above Resistance (confirmed)
Table of Contents
These alerts appear whenever a stock crosses important support and resistance lines. When a stock trades a lot near a particular price level, but never goes above that price, we draw a resistance line at that price. When a stock trades a lot near a price level, but never goes below that price, we draw a support line at that price.
Support and resistance lines are not an exact science. Most interesting stocks always fluctuate by at least a few cents in even the smallest timeframes. We use proprietary filtering algorithms to determine the best place to draw these lines, and a few prints are always on the wrong side of the line. We use related algorithms to determine when the lines have been crossed. Again, a single print can cross the line without causing an alert. Sufficient volume is required to cause the alert.
More options related to these alerts are listed below.
Alert Info for Crossed Above Resistance (confirmed) [CARC]
- description = Crossed above resistance (confirmed)
- direction = +
- keywords = Support and Resistance Volume Confirmed
- flip_code = Crossed below support (confirmed) [CBSC]
- parent_code =