REVVITY INC (NYSE:RVTY) stands out in today's Technical Breakout Setups screen, a method that looks for stocks with both a strong technical trend and a well-defined consolidation pattern. By combining a high ChartMill Technical Rating with a high Setup Quality Rating, the strategy aims to identify names that are not only moving in the right direction but also offer attractive entry and exit levels for a potential breakout trade.
Technical strength: Rating 9 out of 10
The ChartMill Technical Rating quantifies the overall health of a stock by evaluating long and short term trends, relative strength, moving averages, and the stock's position relative to the broader market. Revvity earns a 9 out of 10, reflecting consistent performance across those dimensions.
- Long and short term trends are both positive, and all key moving averages (20, 50, 100, and 200 day SMA) are rising.
- The stock is trading in the upper part of its 52-week range, at 113.54 against a high of 118.30, while the S&P 500 is also in the upper part of its own range.
- Relative strength stands at 87.5, meaning Revvity has outperformed roughly 87% of the market over the measured period.
- Momentum is solid, with a 3-month gain of 30.99% and a 12-month gain of 28.69%.
The fact that Revvity maintains a high technical rating even as the S&P 500's long term trend remains negative underscores the stock's relative resilience. Investors who want to dig deeper into the trend and momentum indicators behind this score can review the full technical analysis report.
Setup quality: Rating 10 out of 10
A high setup rating indicates that a stock has been forming a tight price base, with limited volatility and clear support underneath. Revvity's setup score of 10 suggests that the chart currently offers a well-defined entry and exit structure, which is essential for breakout trading.
- Prices have been consolidating in a range between 102.36 and 116.00, and the current price of 113.54 sits near the upper end of that range.
- There is a strong support zone between 109.96 and 113.09, formed by a combination of trend lines and moving averages on the daily and weekly timeframes.
- Very little resistance exists above the current price, reducing the overhead supply that can stall a breakout.
- Large players have shown interest in recent sessions, as measured by the Effective Volume indicator.
- A Pocket Pivot signal was detected, adding another accumulation-based confirmation.
Based on this setup, the suggested breakout trigger is a buy stop above the 10-day high at 116.01, with a stop loss near 109.95. That translates to a worst-case loss of 5.22%, and for a 1.00% total portfolio risk, an investor could allocate 19.14% of capital to the trade.
Why this combination matters for breakout traders
The Technical Breakout Setups strategy starts with the premise that stocks with high technical ratings tend to be market leaders and are more likely to continue their trends. But even strong stocks can become overextended, which is why the setup rating is a necessary second filter. A high setup rating signals that the stock has recently consolidated, providing a clear breakout trigger and a nearby, logical stop level.
Revvity combines both conditions: it is in a solid uptrend and has formed a tight base near its 52-week high. That is exactly the pattern the strategy is designed to capture. As with any automated screen, the setup is not a guarantee, and traders should validate the levels against upcoming earnings, news, and broader market conditions before entering.
For traders looking to apply the same methodology across the wider market, the Technical Breakout Setups screen provides a daily list of stocks that meet these technical and setup criteria.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Always conduct your own research and consider your risk tolerance before making investment decisions.
Read full article here »
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Revvity (NYSE:RVTY) Flaunts Strong Technical Breakout Setup Near 52-Week High
REVVITY INC (NYSE:RVTY) stands out in today's Technical Breakout Setups screen, a method that looks for stocks with both a strong technical trend and a well-defined consolidation pattern. By combining a high ChartMill Technical Rating with a high Setup Quality Rating, the strategy aims to identify names that are not only moving in the right direction but also offer attractive entry and exit levels for a potential breakout trade.
Technical strength: Rating 9 out of 10
The ChartMill Technical Rating quantifies the overall health of a stock by evaluating long and short term trends, relative strength, moving averages, and the stock's position relative to the broader market. Revvity earns a 9 out of 10, reflecting consistent performance across those dimensions.
The fact that Revvity maintains a high technical rating even as the S&P 500's long term trend remains negative underscores the stock's relative resilience. Investors who want to dig deeper into the trend and momentum indicators behind this score can review the full technical analysis report.
Setup quality: Rating 10 out of 10
A high setup rating indicates that a stock has been forming a tight price base, with limited volatility and clear support underneath. Revvity's setup score of 10 suggests that the chart currently offers a well-defined entry and exit structure, which is essential for breakout trading.
Based on this setup, the suggested breakout trigger is a buy stop above the 10-day high at 116.01, with a stop loss near 109.95. That translates to a worst-case loss of 5.22%, and for a 1.00% total portfolio risk, an investor could allocate 19.14% of capital to the trade.
Why this combination matters for breakout traders
The Technical Breakout Setups strategy starts with the premise that stocks with high technical ratings tend to be market leaders and are more likely to continue their trends. But even strong stocks can become overextended, which is why the setup rating is a necessary second filter. A high setup rating signals that the stock has recently consolidated, providing a clear breakout trigger and a nearby, logical stop level.
Revvity combines both conditions: it is in a solid uptrend and has formed a tight base near its 52-week high. That is exactly the pattern the strategy is designed to capture. As with any automated screen, the setup is not a guarantee, and traders should validate the levels against upcoming earnings, news, and broader market conditions before entering.
For traders looking to apply the same methodology across the wider market, the Technical Breakout Setups screen provides a daily list of stocks that meet these technical and setup criteria.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Always conduct your own research and consider your risk tolerance before making investment decisions.
Read full article here »