Overall Sector and Industry Analysis
Date/Time Range Analyzed in EST: From 2024-05-13 to 2024-06-13
Based on the past 30 days of stock prices and volumes, here’s a summary of the sector and industry performance for the analyzed stocks:
- Technology: Strong momentum can be seen in the technology sector, especially among stocks like AVGO, MPWR, and CMG. The sector is showing significant trading volumes, indicating high investor interest. AVGO and MPWR have shown strong performance recently, likely due to positive sector sentiment and earnings reports.
- Health Care: Stocks such as LLY and MDGL exhibit stable trading patterns with increasing volumes in the most recent days, suggesting potential upward movements.
- Consumer Discretionary: Sector performance appears mixed, with stocks like WSM and LII showing moderate gains, while stocks such as AZO face resistance.
- Financials: Low trading volumes in financials stocks like BNED and CORZ suggest a lack of strong momentum in the sector besides the few exceptions with considerable price action.
Ticker Performance Prediction
Likely to Go Up in the Next 2-3 Days:
1. MPWR
2. AVGO
3. LLY
4. INTU
5. CMG
Strong Bullish Signals:
– MPWR: Continuous upward trend with strong volume.
– AVGO: Stable upward price movement with high volumes.
– LLY: Increased trading volumes and mild upward pattern.
– INTU: Surging prices with significant volume at critical levels.
– CMG: Significant price jumps with high trading volumes.
Individual Stock Analysis
1. MPWR (Monolithic Power Systems Inc.)
- Support Levels: $808, $805, $800
- Resistance Levels: $819, $825, $830
- Price Action Prediction (Next 2-3 Days): Expect MPWR to continue its upward trend and test the resistance level around $819. If broken, it could move towards $825-$830 within the next 2-3 trading days.
- Price Targets:
- Near-Term: $819
- Medium-Term: $825
- Long-Term: $830
- Entry Point: Around $805 (near support)
- Stop-loss Level: Just below $800
2. AVGO (Broadcom Inc.)
- Support Levels: $1669, $1660, $1655
- Resistance Levels: $1675, $1680, $1685
- Price Action Prediction (Next 2-3 Days): AVGO is likely to test the $1675 resistance level. If broken, it could see movements towards $1680-$1685 levels in the coming days.
- Price Targets:
- Near-Term: $1675
- Medium-Term: $1680
- Long-Term: $1685
- Entry Point: Around $1665 (near support)
- Stop-loss Level: Just below $1655
3. LLY (Eli Lilly and Co.)
- Support Levels: $880, $876, $870
- Resistance Levels: $884, $888, $890
- Price Action Prediction (Next 2-3 Days): LLY may continue to rise steadily towards the $884 resistance level. If this level breaks, it could target $888-$890.
- Price Targets:
- Near-Term: $884
- Medium-Term: $888
- Long-Term: $890
- Entry Point: Around $876 (near support)
- Stop-loss Level: Just below $870
4. INTU (Intuit Inc.)
- Support Levels: $595, $593, $590
- Resistance Levels: $605, $610, $615
- Price Action Prediction (Next 2-3 Days): INTU appears ready to test the $605 resistance, with potential runs towards $610-$615 if the momentum continues.
- Price Targets:
- Near-Term: $605
- Medium-Term: $610
- Long-Term: $615
- Entry Point: Around $595 (near support)
- Stop-loss Level: Just below $590
5. CMG (Chipotle Mexican Grill Inc.)
- Support Levels: $3250, $3235, $3200
- Resistance Levels: $3270, $3280, $3290
- Price Action Prediction (Next 2-3 Days): CMG could test the $3270 resistance level, potentially reaching $3280-$3290 in the short term.
- Price Targets:
- Near-Term: $3270
- Medium-Term: $3280
- Long-Term: $3290
- Entry Point: Around $3235 (near support)
- Stop-loss Level: Just below $3200
Note: Stock price predictions are inherently uncertain, and the above analysis is based on historical price and volume data. Always use stop-loss orders and manage risk appropriately when trading stocks.