1-day Breakouts & Breakdowns [Energy]

• 1-day
• 5-day
• 10-day
• 20-day
• 50-day
• 100-day

• ETFs
• Stocks

Scatter plot for 1-day performance as of 2024-Nov-21 close for Energy sector. Showing elevated Relative Volumes (At least 1.2x) only

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Sector:  

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Relative Volumes Elevated All

Axes Scale Log Linear

Calculation Interpretation

Calculation Methodology: Relative Volume is calculated by taking the ratio between 1-day Volume over the 5-day Volume

Relative Volume of 1.5x implies that the 1-day average daily volume was 50% more than the 5-day average daily volume

Relative Volume of 0.9x implies that the 1-day average daily volume was 10% less than the 5-day average daily volume

How to use this:

Breakouts and Breakdowns reflect action where conviction is shown by the market through strength in volume. These can be pivotal moments for a security as the move gathers momentum. Investors often use this to spot trends early

Breakouts have high relative volume & high positive performance

Breakdowns have high relative volume & low performance

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Interpretation above is not comprehensive but rather just a starting point of understanding. Experienced market professionals typically use a combination of different datapoints to drive decisions