Price breaking to a five-year high
Stocks matching this pattern right now appear in the list. Select one to see its chart and backtested strategy performance.
The filter checks whether the current close exceeds the highest close across the prior 1260 trading days — roughly 5 calendar years. There are no volume, indicator, or candle body filters. The signal is purely structural: price has cleared a level that stood as a ceiling for half a decade. The 1260-day window captures multiple market cycles, including corrections and recoveries, meaning a stock clearing this level has weathered multiple potential resistance tests over the years. The simplicity is intentional — the multi-year high itself is the filter.
Multi-year high breakouts are rare and significant. The mechanism is supply absorption: every buyer who paid prices between the prior high and the current price has been underwater until now, creating selling pressure. Once the 5-year high is cleared, that entire supply zone is resolved and there are no obvious overhead sellers from the historical distribution. This creates the potential for an air pocket above — price can move quickly with little technical resistance. Key failure modes: (1) the original 5-year high was set during a speculative period unrelated to the current business fundamentals — the breakout attracts sellers who remember that prior peak; (2) the breakout occurs without volume confirmation, suggesting limited participation; (3) a broad market correction begins immediately after the signal fires. Compare to New 52-Week High for a shorter-term structural breakout, and Near 52-Week High for stocks approaching but not clearing their annual resistance.
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This screener finds stocks closing above their 1260-day (approximately 5-year) high — a price level the stock has not reached in half a decade. A multi-year high breakout signals that all sellers who bought at any point in the past five years are now profitable or have exited, removing overhead supply. Currently 6 stocks match. Breakout traders and long-term trend-followers use this as a signal for potential multi-month trend initiations. Who uses this: position traders and long-term swing traders who focus on structural supply-and-demand clears rather than short-term technical patterns. Failure mode: the 5-year high may have been set during a bubble period, and the current breakout is a retest of that regime that will fail; alternatively, the breakout occurs on low volume with no catalyst, making it vulnerable to reversal. Related screens: New 52-Week High and Near 52-Week High.
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