Overall Sector and Industry Analysis:
Date Range: July 14, 2024 – August 13, 2024 (last 30 days in EST)
In analyzing the price and volume data for the selected stocks, we observe a mix of sectors including Technology, Financials, Industrial, and Retail.
- Technology Sector:
- SHOP (Shopify Inc.), NET (Cloudflare Inc.), META (Meta Platforms Inc.):
- These tech stocks have shown relatively consistent upward momentum with steady volume in the last 30 days.
- There is a noticeable increase in volume in the last 10 days which suggests growing investor interest and potential bullish sentiment.
- Financial Sector:
- COIN (Coinbase Global Inc.), RKT (Rocket Companies Inc.):
- In the past 30 days, COIN has shown clear short-term bullish trends, driven by strong volume surges.
- RKT shows mixed signals but recently has seen increasing buy volume indicating possible accumulation phase.
- Industrial Sector:
- JOBY (Joby Aviation Inc.):
- JOBY displays minimal price movement and low volume, indicating a sideways trend with no significant bullish or bearish bias.
- Retail Sector:
- CVNA (Carvana Co.), ENPH (Enphase Energy Inc.), DASH (DoorDash Inc.):
- Both CVNA and DASH have seen a steady increase in volume alongside price appreciation in the last 10 days.
- ENPH has remained relatively stable but shows potential for a breakout due to increasing volume.
Ticker Performance Prediction:
Based on the recent trends and volume analysis, the following tickers are likely to go up in the next 2-3 days:
- META: Showing a strong bullish trend with increasing volume.
- COIN: Bullish sentiment driven by high volume spikes.
- DASH: Consistent upward price action with growing volume.
- RKT: High volume accumulation indicating potential upward movement.
Individual Stock Analysis:
META (Meta Platforms Inc.)
Support Levels:
– $527.00
– $526.50
– $526.00
Resistance Levels:
– $529.00
– $530.00
– $532.00
Price Action Prediction (Next 2-3 Days):
– Potential breakout above $528.00 with first target at $530.00 and next target at $532.00.
– Entry Point: Near $527.00 with a target of $530.00
– Stop Loss: $525.00
COIN (Coinbase Global Inc.)
Support Levels:
– $197.00
– $196.50
– $195.00
Resistance Levels:
– $199.00
– $200.00
– $202.00
Price Action Prediction (Next 2-3 Days):
– Potential bounce from $197.00 with next resistance at $200.00.
– Entry Point: Near $197.00 with a target of $200.00
– Stop Loss: $195.00
DASH (DoorDash Inc.)
Support Levels:
– $127.50
– $127.00
– $126.50
Resistance Levels:
– $129.00
– $130.00
– $132.00
Price Action Prediction (Next 2-3 Days):
– Likely to break and hold above $128.00, moving towards $130.00.
– Entry Point: Near $127.50 with a target of $130.00
– Stop Loss: $126.00
RKT (Rocket Companies Inc.)
Support Levels:
– $18.30
– $18.00
– $17.80
Resistance Levels:
– $18.70
– $19.00
– $19.50
Price Action Prediction (Next 2-3 Days):
– Bullish momentum likely to push the price to $19.00 levels.
– Entry Point: Near $18.40 with a target of $18.70 and next target at $19.00
– Stop Loss: $18.00
These insights and levels are based on a comprehensive analysis utilizing past price and volume data. For each stock, ensure you keep a close eye on daily market developments to refine your trading strategy.