Overall Sector and Industry Analysis:
Datetime Range Analyzed in EST:
2024-06-03 to 2024-07-03 (past 30 days)
Sector and Industry Performance:
The period under review has shown varied performance across sectors, reflective of broader market conditions and sector-specific news/events. Significant observations include:
- Technology & Software Services (e.g., NOW, INTU, MDB, SNOW, CRM):
- There has been considerable interest and increased trading volume in big-tech and software services. These tech stocks have shown momentum with consistent gains, likely fueled by positive earnings reports and sector-wide bullish sentiment.
- Healthcare & Biotech (e.g., ALNY, IDN, OCGN, ATER, LYEL):
- The healthcare and biotech sector showed mixed performance. While there were fluctuations, some stocks exhibited strong resistance near their highs, suggesting potential bullish movement with upcoming catalysts (e.g., regulatory approvals).
- Financial Services & Banks (e.g., GS, FCNCA, JPM):
- Financial services showed stable performance with some banks trading sideways. Increases in trading volumes closer to session highs indicate potential bullish moves as earning season approaches.
- Consumer Goods & Services (e.g., AMZN, FIZZ, ANF):
- This sector exhibited strength driven by strong consumer demand and retail earnings. Stocks like AMZN and ANF benefited from positive consumer data.
- Industrial Goods (e.g., CATX, HNRG, HCC):
- Industrial stocks showed resilience, with some reverting toward key support levels, indicating potential rebounds driven by infrastructure spending and macro-economic factors.
Noticeable Trends or Patterns:
- Bullish Momentum:
- Technology stocks such as NOW and MDB are showcasing clear upward momentum.
- Consumer discretionary, especially big retail like AMZN, continues upward due to increasing consumer confidence.
- Volume Analysis:
- Trading volumes have surged in several tickers, especially during breakout and retest conditions, pointing towards institutional interest.
- Stocks like ALNY and ASNS have shown significant price movements with accompanying high volumes.
Specific Tickers Referenced:
– NOW, INTU, MDB, SNOW, CRM, ALNY, IDN, OCGN, FIZZ, ANF, GS, FCNCA, JPM, CATX, HNRG, HCC, AMZN
Ticker Performance Prediction:
Likely to Increase (Next 2-3 Days):
Strong Bullish Signals:
NOW:
– Strong uptrend with recent breakout above resistance.
AMZN:
– Consistent upward movement and high trading volume near session highs indicate continued bullishness.
INTU:
– Positive price action with a steady trend and breakout above key resistance levels.
Summary of Predictive Analysis for Likely Bullish Stocks:
ServiceNow (NOW)
Support Levels:
1. $783.00
2. $759.50
3. $740.00
Resistance Levels:
1. $800.00
2. $815.00
3. $830.00
Price Action Predictions:
– Next 2-3 Days:
– Likely to test the key resistance of $800.00.
– Potential breakout could lead to reaching $815.00-$830.00 range.
Entry Points and Targets:
– Entry: Near $783.00 support level.
– First Target: $800.00
– Second Target: $815.00
– Stop-Loss: Below $759.50
Amazon (AMZN)
Support Levels:
1. $195.00
2. $192.50
3. $189.50
Resistance Levels:
1. $200.00
2. $205.00
3. $210.00
Price Action Predictions:
– Next 2-3 Days:
– Likely to break through $200.00 mark driven by bullish momentum.
Entry Points and Targets:
– Entry: Near $195.00 support level.
– First Target: $200.00
– Second Target: $205.00
– Stop-Loss: Below $192.50
Intuit (INTU)
Support Levels:
1. $658.00
2. $650.00
3. $640.00
Resistance Levels:
1. $670.00
2. $680.00
3. $690.00
Price Action Predictions:
– Next 2-3 Days:
– Immediate target around $670.00 with potential upside to $680.00.
Entry Points and Targets:
– Entry: Near $658.00 support.
– First Target: $670.00
– Second Target: $680.00
– Stop-Loss: Below $650.00
Example Code for Finviz Charts:
This detailed analysis incorporates the latest price and volume trends, predicting significant bullish opportunities in specific stocks based on daily technical patterns and broader sector performances.