Overall Sector and Industry Analysis:
Datetime Range Analyzed: 2024-05-21 to 2024-06-20 (EST)
Commentary:
In examining the stocks across various sectors and industries, several discernible trends and patterns emerged in both price and volume activity over the past 30 days, with a particular emphasis on the recent 10 days.
- Technology Sector:
- Stocks like ACN, ADBE, ADSK, INTU, LRCX, and SNPS showed substantial interest, reflected in their relatively high trade volumes.
- Notable trend for ACN included consistent upward momentum, indicating bullish sentiment.
- INTU and LRCX displayed stable growth with increased volume in the last 5 days, signaling potential rallies.
- Healthcare Sector:
- Stocks such as ICU and SILK experienced sudden spikes in volume, particularly ICU which saw a price peak in the last few trading periods.
- ATRA showed volatility but with higher closing prices recently, potentially suggesting a pending price breakout.
- Consumer Discretionary:
- Stocks like AVGO, BKNG, and ORLY displayed steady upward movement, although with some price consolidation in the last 10 days.
- OCUL and MEDS indicated increased bearish activity, as seen in the declining prices and volume spikes correlating with lower closing prices.
Notable Tickers:
– Bullish: ACN, INTU, LRCX, NRIX
– Bearish: OCUL, MEDS
Ticker Performance Prediction:
Predicted to rise in the next 2-3 days:
- ACN
- LRCX
- NRIX
- INTU
Highlighting Strong Bullish Signals: These stocks reflected heightened trade volumes coupled with strong upward price trends, signifying bullish market sentiment.
Individual Stock Analysis:
ACN (Accenture)
- Support Levels: $305, $302, $298
- Resistance Levels: $308, $310, $315
- Price Action Prediction (2-3 days based on 30-min chart):
- Price likely to test $310 resistance.
- If breaking above $308, next target would be $310.
- Price Targets: $310, $315
- Entry Points: Near $305 if it pulls back.
- Stop-Loss: $302
- Finviz Chart:
LRCX (Lam Research)
- Support Levels: $1051, $1045, $1030
- Resistance Levels: $1061, $1070, $1080
- Price Action Prediction (2-3 days based on 30-min chart):
- Likely to continue upward trend towards $1075.
- Consolidation expected around $1060 before next leg up.
- Price Targets: $1070, $1080
- Entry Points: Near $1051
- Stop-Loss: $1045
- Finviz Chart:
NRIX (Nurix Therapeutics)
- Support Levels: $20.30, $20.00, $19.70
- Resistance Levels: $21.00, $21.50, $22.00
- Price Action Prediction (2-3 days based on 30-min chart):
- Likely upward movement to $21.50.
- If surpassing $21.00, aiming for higher resistance of $22.00.
- Price Targets: $21.50, $22.00
- Entry Points: Close to $20.30
- Stop-Loss: $20.00
- Finviz Chart:
INTU (Intuit)
- Support Levels: $614, $610, $605
- Resistance Levels: $617, $620, $625
- Price Action Prediction (2-3 days based on 30-min chart):
- Price aiming towards $620 resistance.
- Possible short-term consolidation around $617 before moving higher.
- Price Targets: $620, $625
- Entry Points: Near $614
- Stop-Loss: $610
- Finviz Chart:
Notes:
- It’s vital to stay updated with the latest market news and trends while making trading decisions.
- Consider using trailing stop-losses to protect profits as these stocks move.
By carefully monitoring the above key levels, traders can potentially capitalize on the expected movements in the next few trading days based on the analyzed data.