$20+|20%+ Wk Friday 8/23/2024

Overall Sector and Industry Analysis:

Datetime Range: July 24, 2024, to August 23, 2024

Sector Performance:

1. Technology:
   • AS, BMEA, DNA, VRAX, TELO, ZM: Fairly mixed performance. Many have seen fluctuations with occasional peaks and lows. Stock VRAX saw a notable dip recently.
2. Healthcare and Biotech:
   • BLD, BMEA, CABA, GLUE, UTHR, RDHL: Generally mixed. Healthcare and Biotech stocks tend to be volatile due to news and market sentiment. UTHR and GLUE have seen sustained interest, evident from volume spikes.
3. Consumer Discretionary:
   • BKNG, BLD, DECK, LLY, PRCT, RACE: Strong performance, particularly with high-ticket items like RACE and DECK. LLY saw a steady increase.
4. Financials:
   • PSA, RDFN: Both have shown different trends. RDFN maintained steady performance while PSA showed more resilience with potential bullish signals.
5. Industrials and Utilities:
   • IBP, MLM, MPWR, URI, TDG: There have been consistent interest and gradual upward trends. MPWR and TDG both show strong, consistent performance.

Key Trends:

• Rising Sectors: Consumer Discretionary and Industrials exhibit sustained growth, supported by considerable volumes and steady price hikes.

• Mixed Sectors: Healthcare and Technology see alternating gains and losses, making them less predictable with overall neutral sentiment.

Recent Development (Last 10 days):

• Price-Volume Relationships: There is increasing volume in stock like GLUE, TEP which may signify accumulation phases, potentially bullish.

• Volume Spikes: Seen in UTHR, PRCT, SOND indicating significant interest and possibly new positions being taken.

Ticker Performance Prediction:

Likely to go up in the next 2-3 days:
1. GLUE: Significant volume increase and intersecting critical zones.
2. UTHR: Consistent interest, recent advancements indicating bullish signals.
3. PRCT: High volume and strong price increase recently seen.
4. RACE: Bullish potential with steady performance.
5. TDG: Strong, consistent upward trend.

Individual Stock Analysis:

1. GLUE

• Support Levels:
  • $5.94
  • $5.70
  • $5.60
• Resistance Levels:
  • $6.39
  • $6.50
  • $6.75
• Price Action (Next 2-3 days):
  • Predicted Movement: Upward momentum expected with resistance target about $6.50 before resistance due to previous volume peaks.
  • Entry Points: Around the $5.70 level near the recent support.
  • Stop-Loss Levels: Near $5.50, just below the first support.

2. UTHR

• Support Levels:
  • $347.78
  • $347.03
  • $346.50
• Resistance Levels:
  • $348.29
  • $350.00
  • $352.00
• Price Action (Next 2-3 days):
  • Predicted Movement: Predicted to touch $350 and possibly $352 based on bullish signals.
  • Entry Points: Near current support around $347.03.
  • Stop-Loss Levels: Around $345.50.

3. PRCT

• Support Levels:
  • $77.28
  • $76.67
  • $76.22
• Resistance Levels:
  • $79.36
  • $80.00
  • $82.00
• Price Action (Next 2-3 days):
  • Predicted Movement: Likely to push through to $80.00, a significant psychological barrier.
  • Entry Points: Around $77.28, closely checking support.
  • Stop-Loss Levels: Below $76.20.

4. RACE

• Support Levels:
  • $482.18
  • $481.70
  • $481.20
• Resistance Levels:
  • $483.93
  • $485.00
  • $487.00
• Price Action (Next 2-3 days):
  • Predicted Movement: Upward trajectory eyes $485 level before retracing potentially.
  • Entry Points: Close to $481.20 support.
  • Stop-Loss Levels: Just below $480.00.

5. TDG

• Support Levels:
  • $1325.44
  • $1323.33
  • $1321.57
• Resistance Levels:
  • $1328.40
  • $1330.00
  • $1333.00
• Price Action (Next 2-3 days):
  • Predicted Movement: Likely to test $1330.00 within the next few sessions.
  • Entry Points: Entry around $1323.33 support.
  • Stop-Loss Levels: Below $1320.00 to mitigate risk.

Note: ATR and exact entry zones should be fine-tuned based on live indicators and market opening conditions. Always ensure risks are managed and positions are adequately weighted.