Overall Sector and Industry Analysis
Datetime Range Analyzed: August 14, 2024 – September 13, 2024 (EST)
Over the past 30 days, the overall sector and industry performance has shown diverse behaviors. Technology and healthcare sectors have demonstrated strong bullish trends, whereas sectors like consumer goods and energy have shown mixed performance. Notable tickers include SMMT, NFLX, CLDX, and SAIA, which have shown significant momentum in either direction.
Noticeable Trends:
- Technology Sector: Stocks such as NFLX and COIN have been experiencing momentum with significant price captures and volume increases indicating potential upside.
- Healthcare Sector: Stocks like CLDX have shown consistent gains, driven by strong volume spikes and incremental price increases.
- Industrial Sector: Performance by stocks like SAIA and URI suggests a stable to bullish momentum with moderate volume turnovers.
- Energy Sector: Mixed signals with stocks like MARA showing possible retracement due to fluctuating prices despite high volumes.
Ticker Performance Prediction
Based on the recent price-volume developments over the past 10 days, the following stocks are likely to go up in the next 2-3 days:
- NFLX: Showing strong bullish signals with consistent higher highs and higher lows supported by increasing volume.
- CLDX: Demonstrating strong uptrend supported by steady volume increases.
- COIN: Momentum build supported by large volume spikes and strong closing prices.
Individual Stock Analysis
1. Netflix Inc. (NFLX)
Support Levels: 694.00, 692.00, 690.00
Resistance Levels: 697.00, 700.00, 705.00
Price Action Predictions for Next 2-3 Trading Days:
Based on the 30-minute chart, NFLX is poised to test the resistance at 697.00, with potential to hit 700.00. Expect consolidation near 694.00 before a bullish breakout.
Entry Points: Around 692.50 near key support levels.
Stop-Loss Levels: Near 689.50, below key support.
2. Cellectis S.A. (CLDX)
Support Levels: 43.00, 42.75, 42.50
Resistance Levels: 43.50, 43.75, 44.00
Price Action Predictions for Next 2-3 Trading Days:
Potential bullish movement to test the resistance at 43.75 driven by recent volume spikes. Look for consolidation near 43.00 before a bullish move.
Entry Points: Around 43.00 near key support levels.
Stop-Loss Levels: Near 42.40, below key support.
3. Coinbase Global, Inc. (COIN)
Support Levels: 165.00, 164.50, 164.00
Resistance Levels: 168.00, 169.00, 170.00
Price Action Predictions for Next 2-3 Trading Days:
Based on strong volume, expect bullish continuation to test the resistance levels at 168.00 and potentially 170.00, with consolidation near 165.00.
Entry Points: Around 165.50 near key support levels.
Stop-Loss Levels: Near 163.80, below key support.
4. SAIA Inc. (SAIA)
Support Levels: 432.00, 430.00, 428.00
Resistance Levels: 435.00, 437.00, 440.00
Price Action Predictions for Next 2-3 Trading Days:
Indicated bullish trend supported by volume. Expect testing resistance at 435.00, with consolidation around 432.00.
Entry Points: Around 432.00 near key support levels.
Stop-Loss Levels: Near 429.00, below key support.
5. Marathon Patent Group (MARA)
Support Levels: 16.00, 15.75, 15.50
Resistance Levels: 16.50, 16.75, 17.00
Price Action Predictions for Next 2-3 Trading Days:
Anticipate bullish resurgence to test 16.50 and possibly 17.00 given volume support and price action.
Entry Points: Around 16.10 near key support levels.
Stop-Loss Levels: Near 15.70, below key support.
This analysis indicates promising momentum swings in the mentioned stocks, supported by significant price actions and volumes in the past 30 days, especially the recent 10 days. Focus on these key levels and predictions for potential lucrative trades in the next couple of days.