Continuation Breakout Friday 2PM 8/30/2024

Overall Sector and Industry Analysis (Analyzed Period: August 1, 2024, to August 30, 2024, EST)

An analysis of our stock universe over the past 30 days reveals diverse performances across sectors. The biopharmaceutical sector observes moderate volatility, with companies such as ANAB and CLLS showing stable upward movements. Technology and innovative industries represented by NXPL and LYEL mark increased trading activity, showing potential for short-term upward momentum.

Notable Trends & Patterns:

• Volume Surges: Stocks like NCNA and NOVA experienced significant volume spikes in the last 10 days, suggesting heightened investor interest and potential pending news.
• Consistent Uptrends: Companies like ATXS and FCNCA demonstrate consistent uptrend patterns with steady price increases over the past 10 days.
• Fluctuations in Volume: Stocks such as MGIH and VOR exhibit fluctuating volumes, pointing out market indecision and warranting cautious entry.

Ticker Performance Prediction:

Predicted to Go Up in the Next 2-3 Days:

1. ANAB (AnaptysBio)
2. NCNA (NuCana)
3. ATXS (Astria Therapeutics)
4. EOLS (Evolus)
5. NOVA (Sunnova Energy International)

Strong Bullish Signals:

• ANAB: Consistently closing near daily highs.
• NCNA: Notable volume surges along with strong price movements.

Individual Stock Analysis:

ANAB (AnaptysBio)

• Support Levels:
  • $37.46
  • $37.08
  • $36.50
• Resistance Levels:
  • $37.98
  • $38.50
  • $39.00

Price Action Prediction (30-minute chart):
– Entry Point: Around $37.08 – $37.20
– Targets:
– Target 1: $37.98
– Target 2: $38.50
– Target 3: $39.00
– Stop-loss: Below $36.50

NCNA (NuCana)

• Support Levels:
  • $4.00
  • $3.888
  • $3.80
• Resistance Levels:
  • $4.50
  • $4.60
  • $4.85

Price Action Prediction (30-minute chart):
– Entry Point: Around $4.00
– Targets:
– Target 1: $4.50
– Target 2: $4.60
– Target 3: $4.85
– Stop-loss: Below $3.80

ATXS (Astria Therapeutics)

• Support Levels:
  • $12.30
  • $12.00
  • $11.98
• Resistance Levels:
  • $12.57
  • $12.70
  • $13.00

Price Action Prediction (30-minute chart):
– Entry Point: Around $12.30
– Targets:
– Target 1: $12.57
– Target 2: $12.70
– Target 3: $13.00
– Stop-loss: Below $11.98

EOLS (Evolus)

• Support Levels:
  • $15.68
  • $15.50
  • $15.30
• Resistance Levels:
  • $15.95
  • $16.10
  • $16.30

Price Action Prediction (30-minute chart):
– Entry Point: Around $15.78
– Targets:
– Target 1: $15.95
– Target 2: $16.10
– Target 3: $16.30
– Stop-loss: Below $15.50

NOVA (Sunnova Energy International)

• Support Levels:
  • $10.95
  • $10.80
  • $10.60
• Resistance Levels:
  • $11.17
  • $11.30
  • $11.50

Price Action Prediction (30-minute chart):
– Entry Point: Around $11.00
– Targets:
– Target 1: $11.17
– Target 2: $11.30
– Target 3: $11.50
– Stop-loss: Below $10.80

In the coming days, keep a close watch on trading volumes and any news that could drive momentum in these stocks. Adjust your stop-loss levels dynamically to protect your gains.