Continuation Breakout Monday 4PM 3/31/2025

Overall Sector and Industry Analysis:

Datetime Range Analyzed:
Analysis is based on data from the past 30 days, with a particular emphasis on the most recent 10 days, up to March 31, 2025.

Sector and Industry Performance:
The analyzed stocks cover a diverse range of sectors including energy, healthcare, technology, consumer goods, and industrials. Observations indicate variances in momentum and trading volume across the sectors.

• Energy Sector: Notable tickers such as CVX and FANG show mixed trends. FANG experiences a slight decline in trading volumes, suggesting a lack of strong directional movement. CVX, although showing modest price changes, indicates stability around current price levels.

• Healthcare Sector: There is visible interest in UNH and HCA, with volumes indicating robust activity. HCA maintains a narrow range suggesting indecision, while UNH recently shows pressure to consolidate.

• Technology Sector: Tech stocks like ACN and KNSL display range-bound movements with little significant change in trend direction. High trading volumes in pockets suggest uneven interest and potential price pressures.

• Consumer Goods: COST and HD maintain relative stability with consistent volume. They show signs of upward momentum as per the recent candles seen, signaling potential upwards correction.

• Industrials: Stocks like PWR and DRI show varied performance with modest price gains and healthy volume trades that could foster short-term upward movements.

Ticker Performance Prediction:

Likely Upward Movements (Next 2-3 Days):
– COST: Consistent volume and minor price upticks suggest potential for short-term gains.
– PWR: Demonstrates a breakout from recent resistance, supported by increased volume.
– ACN: Shows potential bullish signs, albeit with high resistance levels there is cautious upward potential.

Strong Bullish Signals Detected:
– PWR: High volume supports recent breakout which could sustain upward momentum.
– COST: Shows strength in maintaining current bullish trend.

Individual Stock Analysis:

COST (Costco Wholesale Corporation):

• Support Levels:
  • $942.60
  • $941.00
  • $938.50
• Resistance Levels:
  • $945.78 (Immediate resistance)
  • $948.56
  • $950.50
• Price Action Predictions:
  COST is expected to attempt a test of the resistance at $945.78, with possible breach toward $948 – $950 driven by continued volume.

• Price Targets:
  Short-term swing targets are $945.78, followed by $948.50, in line with observed ATR movements.

• Entry Point Suggestions:
  An entry near the support at $942.60 could be considered, given consolidation above this level.

• Stop-Loss Level:
  A stop-loss slightly below $941.00 ensures cushion below recent support and price volatility.

• Finviz Price Chart:

PWR (Quanta Services Inc.):

• Support Levels:
  • $251.70
  • $250.50
  • $249.00
• Resistance Levels:
  • $254.88 (Immediate resistance)
  • $256.50
  • $257.80
• Price Action Predictions:
  Momentum suggests a continued attempt to break above $254.88, possibly reaching the $256 – $257 range.

• Price Targets:
  Initial target stands at $254.88, followed by $256.50 based on momentum strength.

• Entry Point Suggestions:
  Consider entries at $251.70 during pullbacks, ensuring a favorable risk-reward ratio.

• Stop-Loss Level:
  Positioned around $250.50 to mitigate breakdown below key supportive action.

• Finviz Price Chart:

ACN (Accenture):

• Support Levels:
  • $310.50
  • $309.00
  • $307.50
• Resistance Levels:
  • $312.27
  • $313.10
  • $315.00
• Price Action Predictions:
  With support at $310.50, ACN is likely to test $312.27, driven by recent volume surges suggesting potential upward testing.

• Price Targets:
  Aim for resistance levels around $312.27 and $313.10 in the near term.

• Entry Point Suggestions:
  Entries should be considered near $310.50 for optimal positioning.

• Stop-Loss Level:
  Protective stops suggested below $309.00 to limit exposure against potential downturns.

• Finviz Price Chart:

In conclusion, while potential upward momentum is found within cost and industrial sectors, traders should cautiously evaluate entry points to match their risk appetites. Stocks like COST, PWR, and ACN show promising setups for short-term swing trades based on recent volumes and price positions.