Overall Sector and Industry Analysis
Date Range: July 31, 2024 – August 30, 2024, EST
Sector and Industry Performance:
Analyzing the provided data, the majority of stocks are from diverse sectors such as Technology, Healthcare, Financials, and Consumer Discretionary. Over the past 30 days, there has been noticeable volatility and volume spiking, particularly in Tech and Healthcare sectors.
- Tech Sector (ASML, KLAC, NOW, MPWR, MDB):
This sector has shown strong upward momentum especially in the last 10 days. ASML and KLAC displayed increased buying activity, suggesting institutional accumulation. -
Healthcare Sector (AFRM, PODD, VERV):
This sector has seen mixed performance. AFRM and PODD have shown positive momentum driven by recent earnings and product announcements. -
Consumer Discretionary (BKNG, MELI):
Stocks in this sector have demonstrated steady performance with gradual upward movement.
Noticeable Trends:
- Increased Volume & Volatility: Several stocks such as BYU, ASML, and KLAC showed significant trading volume spikes aligning with their price surges.
- Bullish Momentum: Stocks like AFRM, ASML, and KLAC have strong bullish indicators with higher highs and higher lows.
Ticker Performance Prediction
Likely to Go Up in the Next 2-3 Days:
Based on the recent price action and volume patterns, the following tickers exhibit strong bullish signals:
– ASML
– KLAC
– NOW
– MPWR
– MDB
Individual Stock Analysis
ASML
Support Levels:
1. $895
2. $890
3. $885
Resistance Levels:
1. $905
2. $910
3. $915
Price Action Prediction:
– Entry Point: Around $895
– Targets: $905, $910, and $915 within the next 2-3 days
– Stop-Loss: Close below $885
Finviz Chart:
KLAC
Support Levels:
1. $810
2. $805
3. $800
Resistance Levels:
1. $820
2. $825
3. $830
Price Action Prediction:
– Entry Point: Around $810
– Targets: $820, $825, and $830 within the next 2-3 days
– Stop-Loss: Close below $800
Finviz Chart:
NOW
Support Levels:
1. $850
2. $845
3. $840
Resistance Levels:
1. $860
2. $865
3. $870
Price Action Prediction:
– Entry Point: Around $850
– Targets: $860, $865, and $870 within the next 2-3 days
– Stop-Loss: Close below $840
Finviz Chart:
MPWR
Support Levels:
1. $925
2. $920
3. $915
Resistance Levels:
1. $935
2. $940
3. $945
Price Action Prediction:
– Entry Point: Around $925
– Targets: $935, $940, and $945 within the next 2-3 days
– Stop-Loss: Close below $915
Finviz Chart:
MDB
Support Levels:
1. $290
2. $285
3. $280
Resistance Levels:
1. $295
2. $300
3. $305
Price Action Prediction:
– Entry Point: Around $290
– Targets: $295, $300, and $305 within the next 2-3 days
– Stop-Loss: Close below $280
Finviz Chart:
This analysis is intended to provide actionable trading insights based on historical price and volume data. The entry points, price targets, and stop-loss levels are derived from recent price trends and should be used in conjunction with other technical and fundamental analyses. Happy trading!