Ants Breakout Monday 7/22/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed (EST): 2024-07-19 to 2024-07-22

Commentary on Sector and Industry Performance:

Based on the trading data from the examined stocks, several trends and insights have emerged across various sectors and industries.

1. Healthcare Sector:
   • UNH (UnitedHealth Group Inc.): Demonstrated consistent closing prices with a slight downtrend but regained by day’s end.
   • CDNA (CareDx, Inc.): Showed a strong finish indicating bullish sentiment.
   • ORIC (Oric Pharmaceuticals Inc.): Noteworthy for its gradual rise over the trading day.
2. Technology Sector:
   • COIN (Coinbase Global, Inc.): Displayed significant volume with strong price support, indicative of potential bullish sentiment.
   • ACN (Accenture PLC): Staying flat with slight fluctuations, mostly consolidating.
3. Energy Sector:
   • GTLS (Chart Industries, Inc.): Showed strong upward movements with closing prices trending higher, suggesting recovery or bullish momentum.
4. Financial Sector:
   • NOC (Northrop Grumman Corporation): Experienced varied but stable trading, with a slightly bearish sentiment towards the close.
   • COF (Capital One Financial Corporation): Fluctuations within the range, indicating consolidation or indecision.
5. Industrial Sector:
   • DE (Deere & Company): Fairly stable but trending upward towards the end of the period analyzed.
   • MTB (M&T Bank Corporation): Showed potential bullish momentum towards the end of the day.

Ticker Performance Prediction:

Likely Bullish Moves in Next 2-3 Days:

• COIN: Based on the high trading volume and trend towards recovery.
• GTLS: Closing just under the high for the day, showing potential continuous bullish trend.
• CDNA: Sharp afternoon recovery indicates potential bullish sentiment.

Strong Bullish Signals Observed:

• COIN: Significant volume and upward price movement, along with strong closing performance.
• GTLS: Strong upward momentum last noted and closing at higher highs.
• CDNA: Positive closing at the highest point of the review period.

Individual Stock Analysis:

Coinbase Global, Inc. (COIN):

• Support Levels:
  1. $264.00
  2. $263.00
  3. $261.50
• Resistance Levels:
  1. $266.00
  2. $268.00
  3. $270.00
• Price Action Prediction (Next 2-3 Days):
  The 30-minute chart indicates consolidation with a push upwards. Expect potential moves towards $268 – $270.

• Price Targets:
  • Near-term: $266.50
  • 1-3 Days: $268.00, $270.00
• Entry Point:
  Around $264.00 or lower if intraday weakness is observed.
• Stop-Loss Level:
  Tight stop around $262.00 to minimize risk.
• Finviz Chart:

Chart Industries, Inc. (GTLS):

• Support Levels:
  1. $164.75
  2. $163.80
  3. $162.50

• Resistance Levels:

  1. $166.00
  2. $167.20
  3. $168.50
• Price Action Prediction (Next 2-3 Days):
  Analyzing the bullish trend end-to-end, expect testing resistance at $167.00 – $168.00 levels.

• Price Targets:
  • Near-term: $166.00
  • 1-3 Days: $167.00, $168.00
• Entry Point:
  Near $164.80 or during minor pullbacks.
• Stop-Loss Level:
  Around $163.50 to control downside risk.
• Finviz Chart:

CareDx, Inc. (CDNA):

• Support Levels:
  1. $18.30
  2. $18.10
  3. $17.90

• Resistance Levels:

  1. $18.70
  2. $18.90
  3. $19.10
• Price Action Prediction (Next 2-3 Days):
  With the sharp rise observed, likely to challenge $19.00 level.

• Price Targets:
  • Near-term: $18.70
  • 1-3 Days: $18.90, $19.00
• Entry Point:
  Around $18.30 or at a slight pullback.
• Stop-Loss Level:
  Around $18.00 for risk management.
• Finviz Chart:

By closely monitoring these price and volume patterns, the highlighted stocks are anticipated to offer notable trading opportunities over the next few days. Deploying these strategies should align well with short-term momentum swing trading objectives. Always ensure risk management protocols are in place to safeguard trading capital.