Overall Sector and Industry Analysis (07/25/2024 – 08/23/2024 EST)
The analysis covers data from July 25, 2024, to August 23, 2024. During this period, several key trends and patterns emerged across various sectors, most notably in the Technology, Healthcare, Consumer Discretionary, and Industrials sectors.
Tech & Software:
Tech stocks like EVR, JANX, and PSA showcased consistent volume and price appreciation. Notable mentions include PSA, which saw steady increases reflecting strong investor confidence.
Healthcare:
Healthcare stocks such as HROW, FHTX, and AKBA experienced elevated trading volumes with varied price movements, indicating a mixture of investor sentiment based on sector-specific developments.
Consumer Discretionary:
Companies like BOOT and EXPE saw fluctuations with a slight upward momentum, suggesting potential upward trends driven by robust consumer spending data.
Industrials:
TDG and GNRC showcased steady price movements, highlighting solid performance amidst potentially robust industrial sector economic indicators.
Ticker Performance Prediction
Based on the past 30 days and accentuating the recent 10 days data, the following tickers show signs of potential growth in the next 2-3 days:
- HROW: Strong volume spikes accompanied by bullish price action.
- FIGS: Consistent upward movements in price with incremental volume.
- BOOT: Steady upward price momentum with substantiated volume.
- EXPE: Stable price increases potentially driven by positive sector outlooks.
These tickers are supported by bullish signals such as consistent higher lows, increased volume, and upward momentum.
Individual Stock Analysis
HROW – Harrow Health, Inc.
Support Levels:
1. $42.55
2. $42.23
3. $42.00
Resistance Levels:
1. $42.93
2. $43.80
3. $44.50
Price Action Predictions:
– Entry Point: Near $42.55 support level.
– Price Targets (1-3 days):
1. Short-term: $43.80
2. Medium-term: $44.50
– Stop-Loss: Close below $42.00
FIGS – FIGS, Inc.
Support Levels:
1. $5.88
2. $5.85
3. $5.75
Resistance Levels:
1. $5.93
2. $6.00
3. $6.10
Price Action Predictions:
– Entry Point: Near $5.88 support level.
– Price Targets (1-3 days):
1. Short-term: $6.00
2. Medium-term: $6.10
– Stop-Loss: Close below $5.75
BOOT – Boot Barn Holdings, Inc.
Support Levels:
1. $141.90
2. $141.80
3. $140.50
Resistance Levels:
1. $142.81
2. $143.50
3. $145.00
Price Action Predictions:
– Entry Point: Near $141.90 support level.
– Price Targets (1-3 days):
1. Short-term: $143.50
2. Medium-term: $145.00
– Stop-Loss: Close below $140.50
EXPE – Expedia Group, Inc.
Support Levels:
1. $138.43
2. $138.00
3. $137.00
Resistance Levels:
1. $138.78
2. $139.20
3. $140.00
Price Action Predictions:
– Entry Point: Near $138.43 support level.
– Price Targets (1-3 days):
1. Short-term: $139.20
2. Medium-term: $140.00
– Stop-Loss: Close below $137.00
In summary, these stocks exhibit strong bullish signals backed by increasing volume and consistent price action trends. Investors might consider timing entries near support levels, targeting the key resistance points while maintaining disciplined risk management by placing stop-loss orders just below critical support levels.