Continuation Breakout Friday 11AM 5/23/2025

Overall Sector and Industry Analysis:

Datetime Range Analyzed: May 23, 2025, 09:30 to 11:30 EST

During this period, the stock market demonstrated notable momentum swings across various sectors. A few key sectors displayed distinct patterns in price and volume, which are summarized below:

1. Technology Sector:
   • Stocks like GE, AMBA, and KLAC showcased upward movements, supported by robust volume spikes. Specifically, KLAC demonstrated a clear bullish tendency with consistent upward momentum over the analyzed timeframe.
   • Indicators suggest potential for continued bullish movements driven by strong trading volumes.
2. Consumer Discretionary:
   • Stocks such as ONON and ULTA showed solid performance, with ONON exhibiting a significant bullish move. Volume trends supported the positive sentiment, indicating potential further gains.
3. Industrial Sector:
   • The industrial stocks CW and GRMN illustrated strong bullish patterns with steady growth in both price and volume. This trend implies continued investor interest, particularly in high-growth segments within the industrial space.

Noticeable Trends:
– A common theme across several sectors was the increase in volume accompanying price inclines, suggesting strong market participation driving prices higher.
– Stocks such as GE and KLAC lead in technological growth, while ONON and CW demonstrated resilience in their respective sectors.

Ticker Performance Prediction:

Stocks Likely to Move Up in the Next 1-3 Days:
1. KLAC – Demonstrated strength with its positive price action and volume support.
2. ONON – Suggests continued upward momentum due to significant price increase and consistent buying interest.
3. CW – Continuous incremental gains in price alongside supportive volume suggest more upside potential.

Strong Bullish Signals:
– ONON and KLAC are strong contenders for upside movement due to supportive volume trends highlighting potential bullish momentum continuation.

Individual Stock Analysis:

KLAC (KLA Corporation)

• Support Levels:
  • $747.00
  • $744.00
  • $741.00
• Resistance Levels:
  • $753.00
  • $756.00
  • $760.50
• Price Action Prediction (Next 1-3 Days):
  • Based on the 30-minute chart, KLAC showcases a strong bullish signal. Expect minor resistance around $753 but potential breakthroughs could target $756 and $760.50. If bullish momentum sustains, anticipate testing of these resistance levels.
• Recommended Entry Point:
  • Entry near $747.00 (support), where previous pullbacks have found buying interest.
• Stop-Loss Level:
  • Below $744.00 to manage downside risk should market sentiment shift.
• Finviz Chart:
  • 

ONON (On Holding AG)

• Support Levels:
  • $58.00
  • $57.50
  • $57.00
• Resistance Levels:
  • $59.10
  • $59.50
  • $60.00
• Price Action Prediction (Next 1-3 Days):
  • ONON presents a favorable setup with momentum carrying it towards $59.50 and potentially testing $60. Observing buying strength in 30-minute intervals suggests a bullish trend continuation.
• Recommended Entry Point:
  • Entry near $58.00, benefitting from the current bullish trend and relatively lower risk entry point.
• Stop-Loss Level:
  • Below $57.50 to minimize losses in case of trend reversal.
• Finviz Chart:
  • 

CW (Curtiss-Wright Corporation)

• Support Levels:
  • $422.00
  • $420.00
  • $418.00
• Resistance Levels:
  • $427.00
  • $429.00
  • $432.00
• Price Action Prediction (Next 1-3 Days):
  • Anticipate CW to establish higher highs, with possible targets at $427 and above considering the bullish volume pattern.
• Recommended Entry Point:
  • Ideal to enter near $422.00 with risk-contained exposure close to a robust support level.
• Stop-Loss Level:
  • Below $420.00 ensuring tight risk management.
• Finviz Chart:
  • 

This analysis captures the essence of bullish trends within the current market and the specific tickers positioned for near-term movement.