Continuation Breakout Friday 11AM 6/07/2024

Overall Sector and Industry Analysis:

DateTime Range Analyzed (EST): 2024-05-08 to 2024-06-07

The sectors and industries represented in the uploaded stock data include Aerospace and Defense (LMT), Real Estate (JLL), Education (COE), Industrial Conglomerates (ROP), Communications Equipment (MSI), Pharmaceuticals (LLY), Solar (FSLR), Retail (BBY), Specialized Electronics (SSTI), and Energy (NGNE).

Sector and Industry Performance Based on Stock Data:

1. Aerospace and Defense (LMT): Lockheed Martin (LMT) saw consistent upward movement in both price and volume, especially over the last 10 days, indicating strong institutional interest and bullish sentiment.

2. Real Estate (JLL): Jones Lang LaSalle (JLL) prices faced minor fluctuations over the last 30 days but saw a consolidation at around the $198-$199 level recently, indicating potential accumulation.

3. Education (COE): China Online Education Group (COE) had moderate volume and minor price movements, indicating a subdued trading environment.

4. Industrial Conglomerates (ROP): Roper Technologies (ROP) showed a strong upward trend in both price and volume, breaking above $550 decisively over the last 10 days.

5. Communications Equipment (MSI): Motorola Solutions Inc. (MSI) demonstrated steady price increases with moderate volume, indicating steady buying interest.

6. Pharmaceuticals (LLY): Eli Lilly and Co. (LLY) exhibited significant price movements upwards over the last 10 days with strong volumes, signaling strong bullish sentiment.

7. Solar (FSLR): First Solar (FSLR) faced highly volatile trading but showed strong recoveries and close just below significant resistance of $272.

8. Retail (BBY): Best Buy Co., Inc. (BBY) showed a slight upward trajectory, consistently finding buyers around $87.50 – $88.00 levels, hinting at strong support.

9. Specialized Electronics (SSTI): ShotSpotter, Inc. (SSTI) had moderate trading volume with a recent uptick, indicating renewed interest in the stock.

10. Energy (NGNE): NuGen Energy (NGNE) experienced increasing price and volume, with prominent upward movements, signaling robust investor interest.

Noticeable Trends:
– Sectors like Pharmaceuticals (LLY), Industrial Conglomerates (ROP), and Solar (FSLR) have notably experienced strong bullish movements.
– The Real Estate and Education sectors (JLL, COE) have seen moderate activity and consolidation, indicating potential upcoming breakouts.

Ticker Performance Prediction:

Likely to Go Up in the Next 2-3 Days:
– LLY: Strong bullish signals with high trading volume, likely to continue its upward trend.
– ROP: Positive momentum and breaking previous resistance.
– FSLR: Despite volatility, it recovered and closed near significant resistance.
– LMT: Consistent increase in price and volume, indicating strong momentum.
– BBY: Strong support and upward price movement signal a continued rise.

Individual Stock Analysis:

1. Eli Lilly and Co. (LLY)

• Support Levels: $849, $835, $825
• Resistance Levels: $860, $875, $900
• Price Action Prediction: Expect a rise to $860 within 2-3 days, possibly touching $875.
• Entry Points: Near $849 support.
• Stop-Loss Levels: Set around $835.

2. Roper Technologies (ROP)

• Support Levels: $552, $545, $540
• Resistance Levels: $560, $570, $580
• Price Action Prediction: Looks to rise to $560-$570 in the next few days.
• Entry Points: Near $552 support.

• Stop-Loss Levels: Place around $545.

  

3. First Solar (FSLR)

• Support Levels: $270, $260, $255
• Resistance Levels: $276, $280, $290
• Price Action Prediction: Potential rise to $276-$280.
• Entry Points: Near $270 support.

• Stop-Loss Levels: Set around $260.

  

4. Lockheed Martin (LMT)

• Support Levels: $471, $465, $460
• Resistance Levels: $475, $480, $490
• Price Action Prediction: Expected to rise to $475-$480.
• Entry Points: Near $471 support.

• Stop-Loss Levels: Close to $465.

  

5. Best Buy Co., Inc. (BBY)

• Support Levels: $87.50, $86.50, $85.00
• Resistance Levels: $89.00, $90.50, $92.00
• Price Action Prediction: Potential upside to $89.00-$90.50.
• Entry Points: Around $87.50 support.

• Stop-Loss Levels: Approximately $86.50.