A Stock Just Broke Above Yesterday's High. Now What?
A daily breakout occurs when a stock trades above the previous day's high. It reflects a clear shift where buyers have taken control of that specific price level, as sellers who previously defended it have stepped back, at least for that session.
While many traders assume that breakouts mean the stock will keep going up, the reality is more complicated. Some breakouts lead to strong follow-through, while others quickly reverse.
This tool looks at past breakouts that were similar to the one happening today and shows you how the stock typically moved afterward. This gives you a better idea of whether the current breakout is more likely to continue or run out of steam.
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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interested in learning more about our tools.