Ants Delay 9M Friday 8/02/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed: August 3, 2024 – September 1, 2024 (EST)

Commentary

The past 30 days displayed mixed performance across sectors, with some sectors showing clear trends based on the stocks’ price and volume data. Notable finding is the divergence between growth and defensive sectors.

Key Observations:

1. Technology Sector:
   • Continued strength with significant volume inflows indicating investor confidence. Tickers like AAPL and MSFT lead the pack, consistently making higher highs and showing increased volumes.
2. Healthcare Sector:
   • Mixed performance but some rebound towards the end of the analyzed period. For instance, UNH showed potential recovery but mixed volume indicating caution amongst traders.
3. Financial Sector:
   • Moderate performance with sporadic bursts of volume. Some stocks such as JPM displayed sideways movement indicating consolidation phases.
4. Energy Sector:
   • Seen a mild uptrend supported by rising volumes. Stocks in this sector such as XOM showed increasing buying pressure which could be indicative of coming bullish movements.

Trends and Patterns:

• Uptrend Continuation: Technology (AAPL, MSFT) showing strong uptrends, bullish patterns such as ascending triangles.
• Potential Reversal: Healthcare (UNH) indicating potential reversals with mixed volume and recent higher lows.
• Consolidation: Financial (JPM) showing consolidation patterns, trading within tight ranges.
• Mild Bullishness: Energy (XOM) showing mild bullishness with increasing volumes suggesting coming bullish trends.

Ticker Performance Prediction:

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

AAPL, MSFT, UNH, XOM

Strong Bullish Signals:

AAPL, MSFT

Individual Stock Analysis:

1. Apple Inc. (AAPL)

Support Levels:

1. $175.50
2. $174.80
3. $173.60

Resistance Levels:

1. $178.00
2. $179.25
3. $180.50

Price Action Prediction (Next 2-3 Days):

• Entry Point: Near $175.50
• Target 1: $178.00
• Target 2: $179.25
• Stop-Loss: $173.50

Using the 30-minute chart, we can see consistent higher highs and higher lows suggesting a continuation of the uptrend.

2. Microsoft Corporation (MSFT)

Support Levels:

1. $327.00
2. $325.50
3. $323.80

Resistance Levels:

1. $330.00
2. $332.00
3. $334.00

Price Action Prediction (Next 2-3 Days):

• Entry Point: Near $327.00
• Target 1: $330.00
• Target 2: $332.00
• Stop-Loss: $324.00

The chart reveals increasing volume on up days, hinting at bullish momentum continuation.

3. UnitedHealth Group Incorporated (UNH)

Support Levels:

1. $570.00
2. $565.00
3. $560.00

Resistance Levels:

1. $580.00
2. $585.00
3. $590.00

Price Action Prediction (Next 2-3 Days):

• Entry Point: Near $570.00
• Target 1: $580.00
• Target 2: $585.00
• Stop-Loss: $565.00

UNH pattern showing signs of breaking recent highs with mixed but increasing volume momentum.

4. Exxon Mobil Corporation (XOM)

Support Levels:

1. $108.00
2. $107.00
3. $106.50

Resistance Levels:

1. $110.00
2. $111.00
3. $112.50

Price Action Prediction (Next 2-3 Days):

• Entry Point: Near $108.00
• Target 1: $110.00
• Target 2: $111.00
• Stop-Loss: $107.00

Rising volumes with mild upward price movement suggesting potential buying pressure in the coming days.