Overall Sector and Industry Analysis
Datetime Range Analyzed (EST): 2024-05-27 to 2024-06-26
Sector Commentary:
The recent analysis of stock prices and volumes across various sectors indicates mixed performance. There is notable bullish activity in the technology, healthcare, and industrials sectors driven by both larger players and smaller companies.
Notable Trends:
1. Technology (e.g., FDX, INTU, NOW, MELI): Consistent upward momentum with increasing volumes, suggesting strong bullish sentiment.
2. Healthcare (e.g., ALNY, REGN, SRPT): These stocks show significant price volatility with higher volumes over the last 10 days, indicating trader interest.
3. Industrials (e.g., RXO, VLCN, SMR): More subdued, but with some bullish signals emerging, especially in the last 5 days.
Ticker Performance Prediction
Likely to Go Up in the Next 2-3 Days
- INTU: Strong bullish signals with consistent volume spikes.
- REGN: Continuation of upward trend with significant recent volume.
- SRPT: Increased price movement with high volatility.
Individual Stock Analysis
INTU (Intuit Inc.)
Support Levels:
1. 635.58
2. 636.30
3. 637.37
Resistance Levels:
1. 638.40
2. 637.48
3. 638.26
Price Action Prediction:
– Next 2-3 Days: Expect a continued upward movement with the key level to watch being 638.40. Likely to test the 638 region with potential consolidation around 637 before attempting a breakout.
– Price Targets: Near-term targets are 639 and 642.
– Entry Point: Ideal entry near 637 with a stop-loss close to 635.58.
REGN (Regeneron Pharmaceuticals)
Support Levels:
1. 1065.10
2. 1067.11
3. 1069.16
Resistance Levels:
1. 1070.00
2. 1069.18
3. 1070.06
Price Action Prediction:
– Next 2-3 Days: Anticipate an upward move towards 1072, observing resistance breakout above 1070.00.
– Price Targets: Look for 1075 and 1080.
– Entry Point: Entry around 1068 with a stop-loss below 1067.
SRPT (Sarepta Therapeutics)
Support Levels:
1. 155.37
2. 156.03
3. 156.91
Resistance Levels:
1. 157.07
2. 157.035
3. 156.959
Price Action Prediction:
– Next 2-3 Days: Likely to test and break 157, aiming towards 158.
– Price Targets: Near targets are 158 and 160.
– Entry Point: Ideal entry near 156.50 with a stop-loss just below 155.37.
Conclusion
Based on the past month’s data focusing on the last 10 days, INTU, REGN, and SRPT exhibit strong bullish signals with defined support and resistance levels to watch. These stocks are expected to perform well in the next 2-3 days, presenting potential buying opportunities near their support levels.