$20+|20%+ Wk Thursday 6/27/2024

Overall Sector and Industry Analysis

DateTime Range: June 27, 2024 (16:00 – 18:30 EST)

Commentary on Overall Sector and Industry Performance

From the data analyzed, several sectors and industries showcased varying degrees of price movement and volume change over the past 30 days, especially in the recent 10 days. Here’s a breakdown of noticeable trends and key comments on some sectors and notable tickers:

Tech Sector:

• Notable Tickers: ADBE, ALNY, INTU, MDB
• Analysis: Tech stocks like ADBE (Adobe Inc.) and INTU (Intuit) demonstrated strong bullish signals. Adobe’s consistent higher volume coupled with price increments suggests robust upward momentum. Intuit mirrored a similar pattern, indicating potential for further upward movement.

Healthcare Sector:

• Notable Tickers: ALIM, ARGX, LLY, SRPT
• Analysis: Stocks like LLY (Eli Lilly) and SRPT (Sarepta Therapeutics) in the healthcare sector displayed resilience with stable price movements. However, the sector did not exhibit high volatility, indicating a more conservative movement.

Energy Sector:

• Notable Tickers: CVNA, RIVN
• Analysis: The energy sector had mixed movements, with stocks like CVNA (Carvana Co.) showing a slight increase in price and volume, suggesting potential rallies. Conversely, RIVN experienced volatility but showed potential bullish build-ups.

Consumer Discretionary:

• Notable Tickers: RH, MELI, LIND
• Analysis: Stocks like RH (Restoration Hardware) and MELI (MercadoLibre) also displayed bullish signals with increasing volume and positive price trajectories over the past 10 days, indicating likely continuation of upward trends.

Ticker Performance Prediction

Likely to Go Up in the Next 2-3 Days:

• ADBE (Adobe Inc.)
• INTU (Intuit Inc.)
• LLY (Eli Lilly and Company)
• RH (Restoration Hardware Holdings, Inc.)

Strong Bullish Signals:

• ADBE (Adobe Inc.)
• INTU (Intuit Inc.)

Individual Stock Analysis

ADBE (Adobe Inc.)

• Support Levels:
  • $540.00
  • $550.00
  • $553.00
• Resistance Levels:
  • $560.00
  • $570.00
  • $575.00
• 2-3 Day Price Action Prediction (30-Minute Chart):
  • Price Targets:
  1. Near Resistance: $560.00
  2. Based on ATR: $568.00
  • Entry Point: Near $550.00
  • Stop-Loss Level: $545.00
  • Finviz Chart:

INTU (Intuit Inc.)

• Support Levels:
  • $650.00
  • $652.00
  • $654.00
• Resistance Levels:
  • $660.00
  • $665.00
  • $670.00
• 2-3 Day Price Action Prediction (30-Minute Chart):
  • Price Targets:
  1. Near Resistance: $660.00
  2. Based on ATR: $665.50
  • Entry Point: Near $652.00
  • Stop-Loss Level: $647.00
  • Finviz Chart:

LLY (Eli Lilly and Company)

• Support Levels:
  • $900.00
  • $905.00
  • $907.00
• Resistance Levels:
  • $915.00
  • $920.00
  • $925.00
• 2-3 Day Price Action Prediction (30-Minute Chart):
  • Price Targets:
  1. Near Resistance: $910.00
  2. Based on ATR: $920.00
  • Entry Point: Near $905.00
  • Stop-Loss Level: $900.00
  • Finviz Chart:

RH (Restoration Hardware Holdings, Inc.)

• Support Levels:
  • $235.00
  • $238.00
  • $240.00
• Resistance Levels:
  • $245.00
  • $248.00
  • $250.00
• 2-3 Day Price Action Prediction (30-Minute Chart):
  • Price Targets:
  1. Near Resistance: $245.00
  2. Based on ATR: $248.50
  • Entry Point: Near $238.00
  • Stop-Loss Level: $235.00
  • Finviz Chart:

These insights are derived from careful analysis of recent price and volume data, aiming for a high-probability swing trading strategy. Moving averages, volume trends, and support/resistance levels all contribute to these projections. Stay updated on macroeconomic factors that may influence these stocks and sectors. Always execute trades with prudent risk management.