100-day Breakouts & Breakdowns [Materials]

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Scatter plot for 100-day performance as of 2024-Nov-22 close for Materials sector. Showing elevated Relative Volumes (At least 1.2x) only

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Sector:  

All Communication Services Consumer Discretionary Consumer Staples Energy Financials Health Care Industrials Information Technology Materials Real Estate Utilities  View

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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 100-day Volume over the 200-day Volume

Relative Volume of 1.5x implies that the 100-day average daily volume was 50% more than the 200-day average daily volume

Relative Volume of 0.9x implies that the 100-day average daily volume was 10% less than the 200-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