Overall Sector and Industry Analysis:
Data Time Range in EST Analyzed:
The analysis covers the intraday data from the following date range – July 3, 2024 to July 5, 2024.
Sector and Industry Performance Commentary:
Analysis of stock price and volume over the last 30 days reveals a variety of trends across multiple sectors. A few noteworthy observations:
- Technology Sector:
- META (Meta Platforms) and SNOW (Snowflake) have shown significant upward price movement in the recent sessions, particularly over the last 10 days.
- ZS (Zscaler) has continued its bullish trend, supported by high volume levels, indicating strong market interest.
- Software Sector:
- TEAM (Atlassian) experienced a strong upward trajectory with higher volumes, suggesting potential for continuation in momentum.
- DDOG (Datadog) demonstrated bullish signals with an increase in both price and volume.
- Healthcare Sector:
- GOSS (Gossamer Bio) showed significant price increases with accompanying volume surges, especially noticeable in the last 10 days.
- Small Cap Stocks:
- CRDO (Credo Technology), ATEX (Anterix), and SFWL have shown a mixed to positive performance, with slight bullish patterns evident in the recent intraday trading data.
Noticeable Trends and Patterns:
– Bullish Momentum: META, SNOW, TEAM, DDOG show strong upward pressure, with META and DDOG pushing through previous resistance levels.
– High Volume Spikes: GOSS and TEAM have seen notable volume spikes suggesting increased trading interest and potential for upward movements.
Tickers Reference:
– META
– SNOW
– ZS
– TEAM
– DDOG
– GOSS
– CRDO
– ATEX
– SFWL
Ticker Performance Prediction:
Tickers Likely to Go Up in the Next 2-3 Days:
1. META: Meta Platforms has demonstrated strong upward movement with surging volumes.
2. SNOW: Snowflake continues to climb with high trading volumes indicating sustained interest.
3. TEAM: Bullish trends in recent trading sessions supported by solid volume increases.
4. DDOG: Datadog consistently moves upward with strong volumes.
5. GOSS: Gossamer Bio showing potential for a continued breakout with notable volume.
Individual Stock Analysis:
META (Meta Platforms)
Support Levels:
1. $510
2. $511.60
3. $513
Resistance Levels:
1. $525
2. $528
3. $530
Price Action Prediction (Next 2-3 Days):
– Expected to test resistance at $525, with potential breakout towards $528.
– Key swing targets set at $527 and $530.
Entry Point:
– Around $511.60 for a safer entry.
Stop-Loss Level:
– Below $510 to mitigate risk.
Finviz Chart:
SNOW (Snowflake Inc.)
Support Levels:
1. $144
2. $145.05
3. $146.45
Resistance Levels:
1. $148
2. $150
3. $152
Price Action Prediction (Next 2-3 Days):
– Heading towards $148, with potential to reach $150.
– Price targets at $148 and $150.
Entry Point:
– Near $145.05.
Stop-Loss Level:
– Below $144.
Finviz Chart:
TEAM (Atlassian)
Support Levels:
1. $182
2. $184
3. $185
Resistance Levels:
1. $187.50
2. $190
3. $192
Price Action Prediction (Next 2-3 Days):
– Expected to climb to $187.50, with a potential breakout to $190.
– Targets at $187.50 and $190.
Entry Point:
– Around $184.
Stop-Loss Level:
– Below $182.
Finviz Chart:
DDOG (Datadog)
Support Levels:
1. $133
2. $134
3. $135
Resistance Levels:
1. $136
2. $137
3. $140
Price Action Prediction (Next 2-3 Days):
– Expected upward trend towards $136, breaking through $137, aiming for $140.
– Swing targets at $136, $137.
Entry Point:
– Near $134.
Stop-Loss Level:
– Below $133.
Finviz Chart:
GOSS (Gossamer Bio)
Support Levels:
1. $1.00
2. $1.03
3. $1.04
Resistance Levels:
1. $1.07
2. $1.08
3. $1.10
Price Action Prediction (Next 2-3 Days):
– Target to rise towards $1.07, potential extension to $1.10.
– Targets at $1.07, $1.08.
Entry Point:
– Around $1.04.
Stop-Loss Level:
– Below $1.00.
Finviz Chart:
This analysis helps in setting strategic positions for short-term gains while managing risk efficiently.