Overall Sector and Industry Analysis
Datetime Range Analyzed: June 24, 2024 (14:30–18:30 EST)
Sector Overview:
The overall market sentiment seems mixed, with certain sectors showing strong momentum while others remain relatively stable. For example, technology giants such as INTU and FICO show a consistent volume, indicating steady interest. Stocks within the healthcare and biotech sectors, such as SRPT and ALNY, also have notable activity. Meanwhile, discretionary consumer stocks like ACN and AZO reflect some volatility, which is a typical characteristic of these sectors.
Notable Patterns:
1. Technology Sector: Observing stocks like INTU and FICO, there’s consistent trading volumes, with slight uptrends observed near the end of the session.
2. Healthcare Sector: Stocks such as SRPT, ALNY, and ARGX show increased volatility, suggesting potential investment opportunities for active traders.
3. Consumer Discretionary: Stocks like ACN and AZO reflect intra-day fluctuations, offering possible swing trading setups.
Ticker Performance Prediction:
Based on volume and price trends over the last 10 days, INTU, FICO, and SRPT show potential for upward movement in the next 2-3 days. These stocks exhibit strong bullish signals, including higher lows and increasing volumes in the recent trading sessions.
Individual Stock Analysis:
INTU (Intuit Inc.)
Support Levels:
– 620.00 (Key psychological level)
– 623.50 (Recent swing low)
– 627.00 (Another minor support level)
Resistance Levels:
– 630.00 (Near-term resistance)
– 633.00 (Another key resistance)
– 635.50 (Potential breakout level)
Price Action Prediction (Next 2-3 Days):
Based on the 30-minute chart, there’s potential for INTU to break above the 630 level. Multiple near-term targets include:
1. 630.00 (Initial target)
2. 633.00 (Secondary target)
3. 635.50 (Ultimate target for the swing)
Entry Point:
– Around 623.50, aiming for the higher lows formed.
Stop-Loss:
– Near 620.00 to mitigate downside risks.
Finviz Chart:
FICO (Fair Isaac Corporation)
Support Levels:
– 1430.00 (Initial support)
– 1433.00 (More immediate level)
– 1436.00 (Near-term support)
Resistance Levels:
– 1441.00 (Immediate resistance)
– 1444.00 (Further resistance)
– 1448.00 (High target level)
Price Action Prediction (Next 2-3 Days):
FICO could rally above the 1441 level, approaching:
1. 1444.00 (Primary target)
2. 1448.00 (Secondary target)
3. 1455.00 (Ultimate reach)
Entry Point:
– Near 1436.00, as it would allow entering near the higher lows.
Stop-Loss:
– Tight stop near 1430.00 to protect from false breakouts.
Finviz Chart:
SRPT (Sarepta Therapeutics Inc)
Support Levels:
– 161.00 (Strong support area)
– 162.50 (More immediate)
– 163.50 (Another support)
Resistance Levels:
– 165.00 (Initial resistance)
– 166.50 (Secondary level)
– 168.00 (Higher target)
Price Action Prediction (Next 2-3 Days):
SRPT shows potential for momentum towards:
1. 165.00 (Primary target)
2. 166.50 (Secondary target)
3. 168.00 (Stretch target)
Entry Point:
– Around 163.00 for lower-risk entry given the higher lows.
Stop-Loss:
– Below 161.00 to manage the risk profile effectively.
Finviz Chart:
By closely monitoring these stocks and aligning them with key support and resistance levels, a well-timed entry can optimize gains while mitigating associated risks. Always ensure to reassess these predictions based on upcoming market developments and news releases.