Back to Insights

Continuation Breakout Friday 2PM 5/02/2025

May 2, 2025 3 min read

Overall Sector and Industry Analysis:

Datetime Range Analyzed (EST): April 2, 2025 – May 2, 2025

The data represents a diverse collection of stocks from various sectors and industries, reflecting broad dynamics in the market over the specified period. Based on the price and volume data from the last 30 days, certain sectors have exhibited notable trends:

  1. Technology Sector (e.g., TSLA, ORCL, MPWR): These stocks have shown varied momentum with some experiencing pullbacks after recent rallies, suggesting profit-taking among investors. TSLA, in particular, had high volatility with significant volumes, a potential precursor to continued swings.

  2. Financial Services (e.g., LOAR, HLNE, LPLA): These stocks generally maintained steady or rising trajectories. LPLA displayed consistent upward price movement with respectable volume, indicating sustained investor interest.

  3. Healthcare & Pharmaceuticals (e.g., ABBV, GERN, TYRA): Mixed movements were observed, with ABBV showing resilience with stable gains. TYRA, on lower volume, suggests cautious optimism among investors.

  4. Consumer Discretionary (e.g., DUOL, ELF): These stocks, particularly DUOL, displayed strength with upward trends, supported by increasing volumes, signaling bullish sentiment.

  5. Energy & Materials (e.g., TPL, NXPI): Stocks in the energy and materials domain, like TPL, experienced sideways movements, potentially awaiting catalysts for breakouts.

Ticker Performance Prediction:

Based on the analysis and ongoing trends, the following tickers are likely to experience upward movements in the next 2-3 days:

  • DUOL: The robust price action and rising volumes suggest bullish momentum.
  • ELF: Consistent upward price trajectory with good volume support indicates continuation.
  • LPLA: Recent upward movements with stable volume indicate potential for short-term growth.

Individual Stock Analysis:

DUOL

  • Support Levels: $473.00, $475.90, $476.20
  • Resistance Levels: $478.75, $480.00, $480.58
  • Price Action Prediction:

Expect a test of the upper resistance at $480.00 in the next two days, driven by increasing volume and buying pressure. Potential to break past $480.58 if momentum continues.

  • Price Targets for Swing: First target at $478.75, secondary at $480.00, and an ambitious target at $480.58 if momentum continues.
  • Entry Point: Near support at $475.90 looks attractive for a pullback entry.
  • Stop-Loss Level: Below $473.00 to manage risks.
  • Finviz Chart: finviz dynamic chart for  DUOL

ELF

  • Support Levels: $67.22, $67.11, $67.02
  • Resistance Levels: $68.17, $68.19, $68.60
  • Price Action Prediction:

Price likely to hover near the mid-$68.00s before potentially breaking to the upside, targeting $68.60 as investors show continued interest.

  • Price Targets for Swing: Initial target at $68.17, secondary at $68.19, with a longer-term eye on $68.60.
  • Entry Point: Around $67.22 to take advantage of any pullbacks.
  • Stop-Loss Level: Below $67.00 to avoid extended downside risks.
  • Finviz Chart: finviz dynamic chart for  ELF

LPLA

  • Support Levels: $334.54, $335.26, $336.65
  • Resistance Levels: $337.44, $338.00, $340.00
  • Price Action Prediction:

Considerable chances of upward movement towards $338.00 ensue, particularly if it sustains the $335 level on a closing basis. Further upside contingent on breaking $338.00.

  • Price Targets for Swing: First target at $337.44, secondary at $338.00, with an optimistic eye on $340.00.
  • Entry Point: Near $335.26 to exploit any short-term retracements.
  • Stop-Loss Level: Below $334.54 to mitigate risk.
  • Finviz Chart: finviz dynamic chart for  LPLA

In summary, these stocks exhibit promising setups for short-term gains given recent trends and volume analysis. As always, traders should maintain disciplined risk management and remain vigilant to market dynamics that may affect these predictions.

Share: