A Stock Just Broke Below Yesterday's Low. Now What?
This tool helps traders put current daily breakdown patterns into perspective by showing how price has historically responded to similar breakdowns.
A daily breakdown occurs when a stock trades below the previous day's low. It reflects a clear shift where sellers have taken control of that specific price level, as buyers who previously defended it have stepped back, at least for that session.
While breakdowns are often viewed as bearish signals suggesting further downside, their implications are not automatic or uniform. What tends to happen next can vary depending on several factors, such as how many consecutive breakdowns have occurred, where price stands relative to its short-term trend, and the characteristics of the individual stock. A first breakdown from a consolidation base often carries different characteristics than repeated breakdowns in an already extended move. Understanding the likely follow-through requires context from how price has historically behaved after comparable breakdown setups.
Projects a potential price range over the next 45 days by applying historical forward returns from past similar setups.
Shows how often prices rose or fell after similar setups in the past.
The tool automatically scans the market and highlights stocks with the strongest setups for the day ahead.
A full log of every past day when conditions were similar.
Start the day by checking whether the tool is highlighting any unusual activity in your favorite stocks. This helps you quickly identify which names may be setting up for a potential move.
See how price has historically behaved after similar setups. This gives you a realistic view of what typically happens next instead of relying on guesswork.
Switch to Bar Graph view and set your target price level. The bars show how often similar setups reached that distance by upcoming expirations. Toggle between "By Touch" and "By Close" depending on your strategy.
Review the historical matches before taking a position. Pay attention to how many comparable setups exist and whether they occurred during similar market conditions. This helps you determine how much weight to give the current signal.
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