Overall Sector and Industry Analysis:
Datetime Range Analyzed: 2024-07-08 14:00:00 to 2024-07-08 18:30:00 (EST)
The past month has seen varied performance across different sectors, with notable activity in the technology, healthcare, and energy sectors. The recent 10-day period has shown increasing volatility and higher trading volumes, suggesting heightened market activity and investor interest.
Technology Sector:
- Ticker references: AMD, ARM, ASML, AVGO, KLAC, META, MPWR, TSLA
- The technology sector has seen significant trading volumes and a bullish trend, particularly in semiconductors and high-tech stocks. Stocks like AMD and AVGO have shown consistent upward momentum with higher highs and higher lows over the last 10 days. This indicates solid bullish sentiment.
- ASML and LRCX have demonstrated robust performance, with strong price action movements. The increased volume on upswings denotes growing bullish sentiment.
- META has shown stability but hasn’t provided clear breakout signals yet. TSLA and TSLL are displaying consolidation patterns with potential for breakouts.
Healthcare Sector:
- Ticker references: ANVS, GRFS, MELI
- The healthcare sector, represented by ANVS and GRFS, has shown mixed performance. ANVS showed some volatility but ultimately closed lower, indicating possible bearish sentiment. GRFS had fluctuating volumes with no clear trend direction, suggesting indecision or rotational trading.
Energy and Utilities Sector:
- Ticker references: BULZ, ICUE, SBIT
- Within the energy sector, stocks like BULZ have shown a steady increase in prices matched with rising volumes, indicating bullish momentum. ICU and SBIT displayed more mixed signals, with SBIT in particular showing a slight decline after peaking.
Consumer Discretionary & Industrials Sector:
- Ticker references: COST, GWW, PLSE
- COST and GWW have shown consistent performance with occasional high-volume spikes, suggesting intermittent institutional buying. PLSE has seen less volume and stable price movements with no significant trends.
Financials:
- Ticker references: KLAC, SMCI, SMR
- KLAC and SMCI have both shown strong bullish trends with significant volume backing their upward movements. SMR displayed a recent slump with declining volumes, suggesting a loss of investor interest or profit-taking.
Predictions:
Ticker Performance Prediction:
Likely to Go Up:
- AMD
- AVGO
- ASML
- KLAC
- MPWR
Individual Stock Analysis:
1. AMD
Support Levels:
1. $178.00
2. $176.50
3. $175.00
Resistance Levels:
1. $180.00
2. $182.50
3. $185.00
Price Action Prediction:
– 30-Min Chart: Expect a pullback to $178.00 support before bouncing back towards $180.00.
– Swing Targets (1-3 days): Target 1: $180.00, Target 2: $182.50
– Entry Point: Near $178.00 support.
– Stop-loss: Below $176.50
–
2. AVGO
Support Levels:
1. $1730.00
2. $1710.00
3. $1700.00
Resistance Levels:
1. $1750.00
2. $1760.00
3. $1780.00
Price Action Prediction:
– 30-Min Chart: Potential revisit to $1730.00 before resuming upwards.
– Swing Targets (1-3 days): Target 1: $1750.00, Target 2: $1760.00
– Entry Point: Near $1730.00
– Stop-loss: Below $1710.00
–
3. ASML
Support Levels:
1. $1076.00
2. $1073.00
3. $1070.00
Resistance Levels:
1. $1080.00
2. $1085.00
3. $1090.00
Price Action Prediction:
– 30-Min Chart: Small pullback to $1076.00 followed by a move to $1080.00.
– Swing Targets (1-3 days): Target 1: $1080.00, Target 2: $1085.00
– Entry Point: Near $1076.00 support
– Stop-loss: Below $1073.00
–
4. KLAC
Support Levels:
1. $861.00
2. $860.00
3. $858.00
Resistance Levels:
1. $866.00
2. $870.00
3. $875.00
Price Action Prediction:
– 30-Min Chart: Likely to test $861.00 before moving toward $866.00.
– Swing Targets (1-3 days): Target 1: $866.00, Target 2: $870.00
– Entry Point: Near $861.00 support
– Stop-loss: Below $860.00
–
5. MPWR
Support Levels:
1. $845.00
2. $840.00
3. $835.00
Resistance Levels:
1. $850.00
2. $855.00
3. $860.00
Price Action Prediction:
– 30-Min Chart: Minor pullback to $845.00 before aiming for $850.00.
– Swing Targets (1-3 days): Target 1: $850.00, Target 2: $855.00
– Entry Point: Near $845.00 support
– Stop-loss: Below $840.00
–
This analysis covers expected short-term movements, possible entry and exit points, key support and resistance levels, and it leverages the recent price action and volume data to form predictions. Always ensure proper risk management practices to mitigate potential losses.