Continuation Breakout Thursday 12PM 3/27/2025

by | Mar 27, 2025 | Swing Idea

Overall Sector and Industry Analysis:

Datetime Range Analyzed: February 26, 2025, to March 27, 2025, EST.

Over the past 30 days, the stock market has exhibited varying trends across different sectors and industries. The analysis focused on industry-specific momentum plays, with an emphasis on sectors such as technology, finance, consumer goods, energy, and healthcare.

  1. Technology: Stocks such as NASDAQ-listed ACN (Accenture) and MA (Mastercard) demonstrated consolidation patterns but showed resilience in intraday sessions over the past 10 days. Consistent volume suggests potential upward momentum.

  2. Finance: CBOE, V (Visa), and CME are showing signs of bullish sentiment. These are important indicators as they point to increased trading activities, potentially tied to broader economic confidence.

  3. Consumer Goods: Stocks like DKS (Dick’s Sporting Goods) and COST (Costco) signaled retracement, with a reversal attempts occurring within the last week.

  4. Healthcare: Remarkable traction in stocks such as VRTX (Vertex Pharmaceuticals), appearing to break significant price levels backed by strong volumes.

  5. Energy: VIST (Vista Energy) and CLMT (Calumet Specialty Products) reflected fluctuations but leaned towards a bullish pattern as indicated by recent volume spikes.

Ticker Performance Prediction:

Likely Upward Movement: MA, CBOE, and V

  • MA: MasterCard’s consistent price highs with supportive volumes suggest an upward movement pending macroeconomic factors.
  • CBOE: Seen stabilizing near support levels, with volume support indicating potential bullish reversals.
  • V: Visa is benefitting from favorable sector inclinations towards financial stocks.

Individual Stock Analysis:

Mastercard Inc (MA):

  • Support Levels:
    1. $558
    2. $557
    3. $556
  • Resistance Levels:
    1. $562
    2. $564
    3. $566
  • Price Action Prediction:
    Expect MA to test near $562 ideations on short-term momentum play. A breakout above this could see it heading towards the $564 mark over the next 2-3 days.

  • Swing Targets:

    • Near: $562
    • Medium: $564
    • Far: $566
  • Entry Points: Consider entering near $558 for a swing play towards $562.

  • Stop-Loss: Place stops near $556 to protect from unexpected volatility.

  • Finviz Chart: finviz dynamic chart for MA

CBOE Holdings (CBOE):

  • Support Levels:

    1. $218.5
    2. $217
    3. $215
  • Resistance Levels:
    1. $220
    2. $222
    3. $224
  • Price Action Prediction:
    A continuous upward pressure is anticipated, with an initial target of $220 within the next couple of sessions.

  • Swing Targets:

    • Near: $220
    • Medium: $222
    • Far: $224
  • Entry Points: Look for entry at $218.5.

  • Stop-Loss: A protective stop at $215 to mitigate risk.

  • Finviz Chart: finviz dynamic chart for CBOE

Visa Inc (V):

  • Support Levels:

    1. $349
    2. $348
    3. $347
  • Resistance Levels:
    1. $351
    2. $353
    3. $355
  • Price Action Prediction:
    Visa’s price could appreciate towards the $351 level due to positive momentum, aided by the broader financial sector’s strength.

  • Swing Targets:

    • Near: $351
    • Medium: $353
    • Far: $355
  • Entry Points: Strategic entries near $349 would optimize a risk-reward ratio.

  • Stop-Loss: A stop should be placed around $347.

  • Finviz Chart: finviz dynamic chart for V

Conclusion:

The overall market landscape is mixed, with potential pockets for bullish strategies in financials and selected technology stocks. Careful observation and timely entries at indicated points should facilitate successful trades in the next few sessions.