Overall Sector and Industry Analysis
Datetime Range Analyzed: August 14, 2024 – September 13, 2024 (EST)
Overall Sector Performance:
Over the last 30 days, the market has shown mixed performance across different sectors. There is a noticeable trend of moderate volatility in technology and healthcare sectors, while traditional industries such as utilities and energy have shown more stability with fewer significant fluctuations. This has resulted in different opportunities for short-term swing traders.
- Technology Sector: Stocks like AMD and Nvidia (NVDA) have experienced periodic fluctuations, driven by high trading volumes and investor sentiment towards the latest technological advancements. For example, Nvidia and AMD showed high volatility reflecting investor enthusiasm.
- Healthcare Sector: Stocks like Intuitive Surgical (ISRG) and Exact Sciences (EXAS) have also seen varied performances with periods of upswing typically followed by corrections. Notably, Intuitive Surgical’s volume suggested significant interest but had a mixed price performance.
- Consumer Discretionary Sector: Stocks like Amazon (AMZN) and Burlington Stores (BURL) showcased notable movement, reflecting consumer sentiment and economic data releases. Amazon exhibited strong bullish trends in the recent days.
- Financial Services Sector: Consistent performance was noted for stocks like Mastercard (MA) and Intuit (INTU), with steady volume supporting gradual price movements predominantly upwards.
Notable Ticker Mentions:
- NVDA (Nvidia): A major player showing significant volume and price movement.
- AMD (Advanced Micro Devices): Exhibiting volatility and high trading volumes.
- AMZN (Amazon): Reflecting consumer sentiment with a strong upwards trajectory recently.
- ISRG (Intuitive Surgical): Mixed performance with considerable trading volumes.
Ticker Performance Prediction
Suggested Bullish Candidates for Next 2-3 Days:
- AMZN (Amazon)
- NVDA (Nvidia)
- AMD (Advanced Micro Devices)
- MA (Mastercard)
- INTU (Intuit)
Individual Stock Analysis:
AMZN (Amazon)
Support Levels:
1. $186.60
2. $186.00
3. $185.50
Resistance Levels:
1. $187.12
2. $187.65
3. $188.30
Price Action Prediction (30-Minute Chart Analysis):
– The price might hover around the immediate resistance at $187.12 and, breaking past it, may aim for $187.65 in a bullish run.
– Price Targets for 1-3 Day Swing:
– $187.65
– $188.30
– Suggested Entry Point: Near $186.60
– Recommended Stop-Loss Level: Near $185.50
NVDA (Nvidia)
Support Levels:
1. $118.42
2. $118.10
3. $117.80
Resistance Levels:
1. $118.99
2. $119.33
3. $119.86
Price Action Prediction (30-Minute Chart Analysis):
– Potential to break $118.99 leading to a target of $119.33 and higher.
– Price Targets for 1-3 Day Swing:
– $119.33
– $119.86
– Suggested Entry Point: Near $118.42
– Recommended Stop-Loss Level: Near $117.80
AMD (Advanced Micro Devices)
Support Levels:
1. $152.02
2. $151.82
3. $151.30
Resistance Levels:
1. $152.72
2. $153.10
3. $153.55
Price Action Prediction (30-Minute Chart Analysis):
– Likely to test $152.72 and potentially move towards $153.10.
– Price Targets for 1-3 Day Swing:
– $153.10
– $153.55
– Suggested Entry Point: Near $152.02
– Recommended Stop-Loss Level: Near $151.30
MA (Mastercard)
Support Levels:
1. $494.21
2. $494.02
3. $493.52
Resistance Levels:
1. $495.93
2. $496.40
3. $497.00
Price Action Prediction (30-Minute Chart Analysis):
– Looks poised to break the $495.93 resistance, targeting $496.40 next.
– Price Targets for 1-3 Day Swing:
– $496.40
– $497.00
– Suggested Entry Point: Near $494.21
– Recommended Stop-Loss Level: Near $493.52
INTU (Intuit)
Support Levels:
1. $656.45
2. $655.60
3. $654.80
Resistance Levels:
1. $659.92
2. $660.90
3. $661.45
Price Action Prediction (30-Minute Chart Analysis):
– Likely to test the $659.92 resistance, with potential to hit $660.90.
– Price Targets for 1-3 Day Swing:
– $660.90
– $661.45
– Suggested Entry Point: Near $656.45
– Recommended Stop-Loss Level: Near $654.80
Note: This analysis is intended for educational purposes and should not be considered as investment advice. Always perform your due diligence before making trading decisions.