$20+|20%+ Wk Thursday 7/11/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed:
June 11, 2024 to July 11, 2024 (EST)

Commentary:
In the past 30 days, the market activity has provided some noticeable trends and patterns across various sectors and industries:

1. Healthcare and Biotech (e.g., ARLO, BDTX, CRNX, VRNA):
   • Generally, the biotech sector has shown strong momentum recently. Increasing volume and bullish price movements suggest continued interest in this sector, especially for small to mid-cap biotech firms.
   • Tickers like ARLO and BDTX have had spiking volume, hinting at potential rally points.
2. Technology and AI (e.g., INO, QURE, SGH):
   • The tech sector has displayed mixed signals. AI-focused companies have seen a sustained interest, likely due to ongoing advancements and investor interest in AI technologies.
   • SGH shows strong bullish trends with increasing volume and consistent upward movement.
3. Consumer Goods (e.g., RUN, VSCO, RLAY):
   • Consumer goods have had varied performance, with some stocks showing resilience while others have been flat or declining.
   • RUN has shown promise with consistent volume and price activity.
4. Energy and Utilities (e.g., TVTX, WGS):
   • This sector has had stable but cautious growth. Stocks like TVTX have had steady volume but limited price volatility.
5. Financial Services (e.g., IBP, BLK, SPGI):
   • Financial services have shown consistent yet moderate gains. High-volume trades in giants like BLK signal investor confidence but not an aggressive bullish sentiment.

Ticker Performance Prediction:

Likely to Increase in the Next 2-3 Days:
1. SGH (Smart Global Holdings, Inc.):
– Recent strong bullish signals and heightened volume in the last two trading sessions.

1. RUN (SunRun Inc):
   • Consistent volume and upward price movement suggest a potential short-term rally.
2. ARLO (Arlo Technologies, Inc.):
   • Noticeable volume spikes and recent price gains hint at continued bullish momentum.

Highlighting Strong Bullish Signals:
– SGH: Showing strong potential with increasing volume and consistent upward price trend.
– ARLO: Spike in volume and price increase indicate a bullish sentiment.
– RUN: Stable upward trend with consistent volume.

Individual Stock Analysis:

SGH (Smart Global Holdings, Inc.)

1. Key Support Levels:
   • $28.00, $28.30, $28.50
2. Key Resistance Levels:
   • $28.95, $29.50, $30.00
3. Price Action Prediction (Next 2-3 Days):
   • Price likely to oscillate between $28.50 – $29.50 with potential breakout upwards.
4. Swing Targets (1-3 Days):
   • Target 1: $28.95
   • Target 2: $29.50
5. Entry Point:
   • Around $28.50
6. Stop-loss Level:
   • Near $28.00

RUN (SunRun Inc)

1. Key Support Levels:
   • $15.90, $16.00, $16.10
2. Key Resistance Levels:
   • $16.20, $16.25, $16.30
3. Price Action Prediction (Next 2-3 Days):
   • Gradual advancement towards $16.20 – $16.30.
4. Swing Targets (1-3 Days):
   • Target 1: $16.20
   • Target 2: $16.30
5. Entry Point:
   • Around $16.00
6. Stop-loss Level:
   • Near $15.90

ARLO (Arlo Technologies, Inc.)

1. Key Support Levels:
   • $16.50, $16.60, $16.70
2. Key Resistance Levels:
   • $16.80, $17.00, $17.20
3. Price Action Prediction (Next 2-3 Days):
   • Maintaining upward trend towards $16.80 – $17.00.
4. Swing Targets (1-3 Days):
   • Target 1: $16.80
   • Target 2: $17.00
5. Entry Point:
   • Around $16.60
6. Stop-loss Level:
   • Near $16.50

Note: Always use stop losses and maintain sound risk management practices while trading. The above are short-term predictions and should be adapted to personal investment strategies and risk tolerance.