Overall Sector and Industry Analysis
Datetime Range Analyzed: June 24, 2024 – July 24, 2024 (EST)
The analyzed data showcases a mixed performance across different sectors and industries over the past 30 days. The recent price and volume trends in the last 10 days indicate divergences, where some sectors are showing strong bullish momentum, while others exhibit potential bearish reversal signals.
Industrials and Construction:
– SPXC, BLD, URI: These stocks exhibited higher volumes with slight pullbacks. The construction services sector, represented by URIs and BLD, shows a continued uptrend but faces near-term resistance. SPXC shows signs of potential consolidation.
Healthcare and Pharmaceuticals:
– LVTX, TMDX, CAAS, DCTH: Mixed reactions as some stocks, like TMDX, rallied recently on high volume, while others like CAAS and LVTX are showing weakening momentum.
Consumer Discretionary:
– MELI, COST, SHW: Retail and e-commerce stocks are experiencing significant volatility. COST and MELI show strong bullish engulfing patterns, suggesting continuity. SHW, however, declined.
Financials:
– KREF, BX, DPST: Financials experienced a downtrend due to broader economic concerns, with KREF and DPST showing significant declines. BX shows stabilization with potential upside.
Technology:
– ARGX, CNSWF, PSNL: While ARGX financial soarings bolstered strong price action, PSNL is consolidating with frequent price swings, suggesting potential breakout.
Ticker Performance Prediction
Likely to Go Up in the Next 2-3 Days:
- COST: Exhibiting strong volume spikes with bullish candlestick formations.
- TMDX: Uptrend continuation with higher volume suggests bullish momentum.
- BX: Consolidation near support levels with rising volume hints at potential upside.
- ARGX: Strong price action with high volume indicates a favorable bullish trend.
- LVTX: Potential reversal signals with increasing volume at support levels.
Individual Stock Analysis
Costco Wholesale Corporation (COST)
Key Levels:
– Support: 830, 825, 820
– Resistance: 835, 840, 847
Price Action Prediction:
– Prediction: COST is likely to hit 835 in the next 2 days and could test 840 with bullish momentum.
– Price Targets: Target 1 – 835, Target 2 – 840, Target 3 – 847
– Entry Point: Entry near 830 support level.
– Stop-Loss: Stop-loss recommended at 820.
TransMedics Group, Inc. (TMDX)
Key Levels:
– Support: 148, 146, 144
– Resistance: 150, 153, 155
Price Action Prediction:
– Prediction: TMDX likely to test 150-153 within the next 2-3 days.
– Price Targets: Target 1 – 150, Target 2 – 153, Target 3 – 155
– Entry Point: Entry near 148 support level.
– Stop-Loss: Stop-loss at 144.
Blackstone Inc. (BX)
Key Levels:
– Support: 138, 136, 134
– Resistance: 140, 142, 145
Price Action Prediction:
– Prediction: BX could rise towards 140-142 within the next 2 days.
– Price Targets: Target 1 – 140, Target 2 – 142, Target 3 – 145
– Entry Point: Entry near 138 support level.
– Stop-Loss: Stop-loss at 134.
Argenx SE (ARGX)
Key Levels:
– Support: 456, 460, 462
– Resistance: 470, 480, 490
Price Action Prediction:
– Prediction: ARGX could push towards 470-475 range soon.
– Price Targets: Target 1 – 470, Target 2 – 475, Target 3 – 480
– Entry Point: Entry near 460 support level.
– Stop-Loss: Stop-loss near 455.
LAVA Therapeutics (LVTX)
Key Levels:
– Support: 2.00, 1.98, 1.95
– Resistance: 2.05, 2.08, 2.12
Price Action Prediction:
– Prediction: LVTX may test 2.05-2.08 resistance range in the short term.
– Price Targets: Target 1 – 2.05, Target 2 – 2.08, Target 3 – 2.12
– Entry Point: Entry near 2.00 support level.
– Stop-Loss: Stop-loss at 1.95.
By analyzing these stocks’ price action and volume patterns, traders can make informed decisions by targeting key levels for resistance, support, and strategic entries coupled with well-defined stop-loss placements.