Overall Sector and Industry Analysis:
Datetime Range Analyzed: April 1, 2024 – May 31, 2024 (EST).
Over the past 30 days, the sector is witnessing mixed performance across different industries. The tech sector, as represented by tickers like NVDA and CRDO, showed strong momentum with significant volume spikes and bullish price action in the last 10 days. The retail and consumer goods sectors, represented by BURL and CHWY, demonstrated divergent trends with inconsistent volume.
Healthcare stocks like HCA and INSM experienced modest price movements but with increasing stability in volume. On the other hand, the biosciences sector, with stocks such as ARCT and FWRD, showed higher volatility and price swings, indicating investor interest but also speculative trading.
Ticker Performance Prediction:
Bullish Signals:
– NVDA, DECK, CRDO are poised for an uptrend in the next 2-3 days due to recent bullish signals and volume support.
– HCA and BURL also exhibit promising signs for an upward move given stable price increases coupled with steady volume.
Individual Stock Analysis:
NVDA
- Support Levels: $1,095, $1,090, $1,080
- Resistance Levels: $1,100, $1,105, $1,110
- Price Action Prediction: Likely to move upwards towards $1,100 and potentially test $1,105 within 2-3 days.
- Entry Point: Near $1,095
- Stop-Loss: Below $1,090
- Multiple Price Targets: $1,100 and $1,105
- Finviz Chart:
DECK
- Support Levels: $1,080, $1,070, $1,060
- Resistance Levels: $1,100, $1,110, $1,120
- Price Action Prediction: Anticipated to climb towards $1,100, with a high probability to challenge $1,105-$1,110.
- Entry Point: Around $1,080
- Stop-Loss: Below $1,070
- Multiple Price Targets: $1,100 and $1,110
- Finviz Chart:
CRDO
- Support Levels: $25.00, $24.50, $24.00
- Resistance Levels: $26.50, $27.00, $27.50
- Price Action Prediction: Momentum suggests a move towards $26.50-$27.00 in the next few trading days.
- Entry Point: Near $25.00
- Stop-Loss: Below $24.50
- Multiple Price Targets: $26.50 and $27.00
- Finviz Chart:
HCA
- Support Levels: $335, $330, $325
- Resistance Levels: $340, $345, $350
- Price Action Prediction: Likely to follow through upwards to $340 with potential extensions to $345.
- Entry Point: Around $335
- Stop-Loss: Below $330
- Multiple Price Targets: $340 and $345
- Finviz Chart:
BURL
- Support Levels: $240, $235, $230
- Resistance Levels: $245, $250, $255
- Price Action Prediction: Expected upward shift towards $245 and possibly testing $250 by the end of the week.
- Entry Point: Near $240
- Stop-Loss: Below $235
- Multiple Price Targets: $245 and $250
- Finviz Chart: