Ants Breakout Thursday 7/11/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed (EST): June 12, 2024 – July 11, 2024.

The stock data provided spans various sectors, including technology, healthcare, energy, and consumer goods. The recent 30-day analysis shows varying trends across these sectors:

1. Technology Sector:
   • AMD (Advanced Micro Devices): Exhibits strong bullish movement, supported by high volume. The past 30 days saw consistent upward momentum, particularly accelerating in the past 10 days.
   • AVGO (Broadcom): Shows a positive trend with significant upward spikes in price and volume.
2. Healthcare Sector:
   • LLY (Eli Lilly): Has experienced a steady upward trend with strong bullish candlestick patterns over the past 10 days, indicating positive momentum.
   • AMGN (Amgen): Displays a similar upward trend with notable increases in volume, suggesting strong investor interest.
3. Consumer Goods Sector:
   • COST (Costco Wholesale): Displays a conservative upward trend with gradual price increases and consistent volume.
   • KO (Coca-Cola): Exhibits a stable performance with slight increases in price, but relatively stable volume.
4. Energy Sector:
   • XOM (Exxon Mobil): Shows strong bullish sentiment with significant price increases recently, supported by high trading volume.
   • ENPH (Enphase Energy): Witnesses a consolidating trend with occasional upward spikes, indicative of potential breakout.

Ticker Performance Prediction:

Likely to Go Up in the Next 2-3 Days:

1. AMD:
   • Strong Bullish Signals: Accelerating upward momentum with rising volume indicates sustained investor interest.
2. AVGO:
   • Strong Bullish Signals: Recent price action and volume spikes suggest continued bullish sentiment.
3. LLY:
   • Strong Bullish Signals: Upward trend with strong volume; technical indicators point towards sustained gains.
4. XOM:
   • Strong Bullish Signals: Persistent price increases with high volume; positive market sentiment.

Individual Stock Analysis:

AMD (Advanced Micro Devices):

Support Levels:
1. $178.50
2. $177.00
3. $175.00

Resistance Levels:
1. $181.70
2. $183.50
3. $185.20

Price Action Prediction:
– Entry Point: Around $178.50 near support.
– Price Targets: $181.70, $183.50, $185.20
– Stop-Loss: Below $177.00

LLY (Eli Lilly):

Support Levels:
1. $927.00
2. $924.00
3. $920.00

Resistance Levels:
1. $933.00
2. $936.00
3. $940.00

Price Action Prediction:
– Entry Point: Around $927.00 near support.
– Price Targets: $933.00, $936.00, $940.00
– Stop-Loss: Below $924.00

AVGO (Broadcom):

Support Levels:
1. $1680.00
2. $1673.00
3. $1665.00

Resistance Levels:
1. $1700.00
2. $1714.00
3. $1725.00

Price Action Prediction:
– Entry Point: Around $1680.00 near support.
– Price Targets: $1700.00, $1714.00, $1725.00
– Stop-Loss: Below $1673.00

XOM (Exxon Mobil):

Support Levels:
1. $99.00
2. $97.50
3. $96.00

Resistance Levels:
1. $101.00
2. $103.00
3. $105.00

Price Action Prediction:
– Entry Point: Around $99.00 near support.
– Price Targets: $101.00, $103.00, $105.00
– Stop-Loss: Below $97.50

Conclusion:

The analyzed data highlights potential bullish opportunities in the technology, healthcare, and energy sectors, particularly within the stocks of AMD, AVGO, LLY, and XOM. With identified key levels of support and resistance, these stocks provide viable entry points and price targets for short-term 1-3 day swings. Always consider setting appropriate stop-loss levels to mitigate potential risks. Additionally, monitoring volume trends can offer further insights into the sustainability of the momentum.