Overall Sector and Industry Analysis (2025-07-24 to 2025-08-22 EST):
In analyzing the stock performance over the past 30 days, it becomes evident that various sectors and industries presented divergent paths in terms of price and volume activities. The overall landscape has been characterized by varying degrees of momentum across different sectors, with some showing clear momentum trends based on both price increases and enhancing volume—a key indicator for swing trading strategies.
- Technology Sector:
- Within the technology sector, notable momentum has been observed in stocks like NOW (ServiceNow), showing an increasing volume paired with modest price movements, indicating potential for a bullish breakout in the near term.
- Healthcare and Pharmaceuticals:
- The healthcare sector, highlighted by stocks like MCK (McKesson) and LLY (Eli Lilly), has also seen an influx of interest, with consistent movements upward, suggesting a sector-wide positive sentiment.
- Consumer Discretionary and Retail:
- GES (Guess?) and COST (Costco) are notable mentions in consumer discretionary and retail, respectively, exhibiting strong volume with upward tendencies, signaling investor confidence and potential swing opportunities.
Overall, notable trends reflect an underlying bullish sentiment in these sectors, propelled by enhanced volumes. However, it is also critical to note the mixed signals in some segments which might influence momentum trading strategies.
Ticker Performance Prediction:
Stocks likely to go up in the next 2-3 days:
– NOW (ServiceNow): Exhibits strong bullish signals with rising volume and consistent upward movement.
– LLY (Eli Lilly): Continues to reflect bullish momentum with a supportive volume backing its upward price action.
– GES (Guess?): Displays sustained interest, potentially breaking into a new short-term high facilitated by positive volume trends.
Individual Stock Analysis:
NOW (ServiceNow)
– Support Levels: 885.00, 883.00, 880.00
– Resistance Levels: 889.50, 892.00, 895.00
– Price Action Prediction: Continued upward trajectory is expected, with potential tests at immediate resistance around 889.50. Expectation for upward pressure to test 892.00.
– Price Targets: 892.00 to 895.00 in the next 2-3 days.
– Entry Point Suggestion: Near 885.00 for potential bounce-back.
– Suggested Stop-Loss Level: Near 880.00.
– Finviz Chart:
LLY (Eli Lilly)
– Support Levels: 710.00, 708.00, 705.00
– Resistance Levels: 712.00, 715.00, 717.00
– Price Action Prediction: Bullish continuation with the possibility to break through resistance at 712.00; potential room to 715.00.
– Price Targets: 715.00 to 717.00 in the next 2-3 days.
– Entry Point Suggestion: Around 710.00.
– Suggested Stop-Loss Level: Near 705.00.
– Finviz Chart:
GES (Guess?)
– Support Levels: 16.60, 16.40, 16.20
– Resistance Levels: 17.00, 17.25, 17.50
– Price Action Prediction: Positive sentiment expected to drive it towards initial resistance at 17.00; potential to clear higher resistance levels if volume supports.
– Price Targets: 17.00 to 17.50 over the short term.
– Entry Point Suggestion: Consider entry around 16.60.
– Suggested Stop-Loss Level: Near 16.20.
– Finviz Chart:
The focus on strong volume trends coupled with technical resistance and support levels forms the basis for these predictions, favoring a bullish short-term trade strategy. As always, adhering to stops and managing positions prudently is key in short-term trading endeavors.