Top Technical Stock Setups to Watch Breakouts Breakdowns and Oversold Plays

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TrendAnalyzer analyzing key trends in the market. With a focus on identifying and interpreting market movements, TrendAnalyzer provides insightful updates and actionable insights to help investors understand and capitalize on emerging trends.
 

•  12 Jun 2025
 

•   MSFT  
   
  -0.23%
•   NWE  
   
  -3.66%
•   ORCL  
   
  +2.86%

Breakout traders will want to keep a close eye on Oracle, which rocketed 13% to close at $199.47 a new all-time high. Volume exploded to more than 6x its average, driven by strong demand in the AI cloud sector. With an RSI of 85.56 and strong price momentum, ORCL may look overbought to some, but to momentum traders, this kind of strength is exactly what they chase. Microsoft also caught fire, breaking above key levels after its 50-day moving average crossed above the 200-day, a classic Golden Cross pattern. The RSI is 76.80 and rising, confirming strong upward momentum. Traders looking for trend continuation setups should keep this one on their radar.

Legend Biotech is another name flashing strength. It just reclaimed its 200-day moving average on above-average volume, and the RSI is pushing toward 70. The technical structure suggests that a breakout over $39.50 could be imminent. Brainsway, despite a -4.22% dip on the day, is still trending above its 20-, 50-, and 200-day moving averages and sits near its 52-week high. RSI of 63.74 confirms bullish momentum remains intact, and this may simply be a consolidation before the next leg higher. Abbott Labs has a rising Relative Strength rating of 82 and remains in a confirmed uptrend above all key moving averages. For traders who prefer strong fundamentals with technical confirmation, ABT is a steady performer. Hello Group, is pushing into extreme territory with an RSI of 87.15. While overbought, the stock is in a firm uptrend and could see a continuation rally if momentum persists.

Now for the breakdowns. GameStop crashed 23.36% to $21.85, slicing below its 200-day moving average on massive volume. With RSI at 29.60, GME is technically oversold, but there’s no clear base or reversal pattern forming yet, so caution is warranted. Mueller Wate also slipped below its 200-day MA, and with RSI at 37.67, the chart looks weak with downside risk if support levels fail to hold. Equity LifeStyle, hovering near its 52-week low, is in a sideways pattern with little technical momentum. While it may offer value long-term, it lacks near-term upside catalysts. Cellebrite is another breakdown name, entering oversold territory as it slips further below its key moving averages. RSI is at 34.78, suggesting a potential for rebound, but the prevailing downtrend remains dominant.

In the oversold category, NorthWestern Energy is worth watching. Trading at $52.78 with RSI at 35.59, the stock is showing early signs of a bottoming pattern. If the price stabilizes above its 200-day support, a technical bounce may unfold. Cellebrite appears here again due to its deeply oversold reading, but until it reverses its downtrend, it's more of a wait-and-see setup than a conviction trade.

Bottom line: If you're looking for the most attractive near-term trading opportunities, $ORCL and $MSFT lead the breakout pack with strong momentum and confirmed uptrends. For oversold bounce setups $NWE looks the most promising.