$20+|20%+ Wk Friday 6/14/2024

Overall Sector and Industry Analysis

Date Range Analyzed: 2024-05-15 16:00:00 to 2024-06-14 18:30:00 (EST)

Commentary:

Over the past 30 days, we have observed significant movements across various sectors that hint at specific trends and potential opportunities for short-term momentum swings. The data covers multiple sectors, such as Technology, Healthcare, Consumer Goods, and Energy, allowing us to generate a comprehensive analysis of sector performance based on price and volume metrics.

Key Observations:

1. Technology Sector (e.g., ADBE, NVDA, CRWD):
   • Tech stocks generally have experienced robust growth in the analyzed period with significant volume spikes often leading to price increases. For example, NVDA showed consistent upward momentum, suggesting investor confidence.
   • CrowdStrike (CRWD) displayed strong bullish patterns with volumes supporting the price increases especially in the last 10 days.
2. Consumer Discretionary (e.g., CMG, CASY, BKNG):
   • This sector’s mixed performance is marked by spurts of high volume activities leading to interspersed price jumps. Particularly notable is CMG, which had a solid upward momentum with substantial volume backing in the last ten days.
3. Healthcare Sector (e.g., LLY, MDGL, URGN):
   • Healthcare stocks generally exhibited stability with gradual yet steady upward trajectories. LLY and MDGL particularly stood out due to their volume-driven price gains signaling potential further bullish movements.
4. Energy Sector (e.g., TPL, MUSA):
   • This sector showed a strong correlation between volume spikes and price gains. TPL, for instance, saw consistent volume increases, peaking towards the end suggesting a continued upward trend.

Ticker Performance Prediction

Likely to Go Up:

• NVDA: High bullish momentum with sustained price increases supported by volume.
• CMG: Strong bullish signals with significant volumes over the last 10 days.
• LLY: Consistent upward movement backed by high volume.

Individual Stock Analysis

NVDA

1. Support Levels:
   • $128.88
   • $128.70
   • $128.34
2. Resistance Levels:
   • $129.80
   • $130.00
   • $130.50

Price Action Predictions:
– Next 2-3 trading days: Expect continued upward momentum, consolidating gains with potential minor pullbacks toward support levels before pushing higher.

Price Targets:
– First Target: $130.20
– Second Target: $130.50

Entry Points:
– Near the $128.88 support level.

Stop Loss:
– Below $128.30

CMG

1. Support Levels:
   • $3271.71
   • $3253.59
   • $3244.76
2. Resistance Levels:
   • $3280.00
   • $3290.00
   • $3300.00

Price Action Predictions:
– Anticipate a move towards $3280 with minor retracements to $3271.

Price Targets:
– First Target: $3290.00
– Second Target: $3300.00

Entry Points:
– Near support at $3271.71.

Stop Loss:
– Below $3240.00

LLY

1. Support Levels:
   • $878.03
   • $876.46
   • $875.00
2. Resistance Levels:
   • $880.00
   • $882.00
   • $884.00

Price Action Predictions:
– Expect a push towards $880 with potential retracements to $878 support before advancing.

Price Targets:
– First Target: $882.00
– Second Target: $884.00

Entry Points:
– Near $878.03 support.

Stop Loss:
– Below $875.00

These analyses are based on recent price action and volume trends, offering a snapshot for potential short-term trades. Always consider broader market conditions and individual risk tolerance.