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Continuation Breakout Friday 4PM 7/19/2024

July 19, 2024 2 min read

Overall Sector and Industry Analysis

Datetime range analyzed: 2024-06-20 to 2024-07-19 (EST)

Based on the past 30 days of price and volume data across various stocks, we observed that the technology and finance sectors saw notable activity. Stocks like WDAY (Workday) and NOW (ServiceNow) from the technology sector showed significant fluctuations in price due to high trading volumes, suggesting increased trader interest. Similarly, the finance sector, represented by stocks like FCNCA (First Citizens BancShares) and SFBS (ServisFirst Bancshares), showed heavy trading volume but a lesser degree of price volatility, indicating potential accumulative behavior.

Ticker Performance Prediction

Given the analyzed data, the following tickers appear likely to go up in the next 2-3 days, showing strong bullish signals:

  • ARBK (Argo Blockchain)
  • JAGX (Jaguar Health)
  • JAGX (Jaguar Health)
  • TPH (Tri Pointe Homes)
  • AQST (Aquestive Therapeutics)

Individual Stock Analysis

WDAY (Workday)

Support Levels:
1. $225.00
2. $222.50
3. $220.00

Resistance Levels:
1. $230.00
2. $233.00
3. $235.50

Price Action Prediction:
Entry Point: Near $225.00
Price Targets:
– Target 1: $228.00
– Target 2: $230.00
– Target 3: $233.00
Stop-Loss: Near $222.50

finviz dynamic chart for  WDAY

ARBK (Argo Blockchain)

Support Levels:
1. $1.470
2. $1.440
3. $1.410

Resistance Levels:
1. $1.550
2. $1.580
3. $1.620

Price Action Prediction:
Entry Point: Near $1.470
Price Targets:
– Target 1: $1.520
– Target 2: $1.550
– Target 3: $1.580
Stop-Loss: Near $1.440

finviz dynamic chart for  ARBK

TRUE (TrueCar)

Support Levels:
1. $3.65
2. $3.60
3. $3.55

Resistance Levels:
1. $3.75
2. $3.80
3. $3.85

Price Action Prediction:
Entry Point: Near $3.65
Price Targets:
– Target 1: $3.75
– Target 2: $3.80
– Target 3: $3.85
Stop-Loss: Near $3.60

finviz dynamic chart for  TRUE

TELA (TELA Bio)

Support Levels:
1. $4.61
2. $4.58
3. $4.55

Resistance Levels:
1. $4.67
2. $4.70
3. $4.75

Price Action Prediction:
Entry Point: Near $4.61
Price Targets:
– Target 1: $4.67
– Target 2: $4.70
– Target 3: $4.75
Stop-Loss: Near $4.58

finviz dynamic chart for  TELA

ORN (Orion Group Holdings)

Support Levels:
1. $11.315
2. $11.250
3. $11.200

Resistance Levels:
1. $11.520
2. $11.600
3. $11.680

Price Action Prediction:
Entry Point: Near $11.315
Price Targets:
– Target 1: $11.450
– Target 2: $11.520
– Target 3: $11.600
Stop-Loss: Near $11.250

finviz dynamic chart for  ORN

AQST (Aquestive Therapeutics)

Support Levels:
1. $3.08
2. $3.06
3. $3.02

Resistance Levels:
1. $3.21
2. $3.24
3. $3.30

Price Action Prediction:
Entry Point: Near $3.08
Price Targets:
– Target 1: $3.16
– Target 2: $3.21
– Target 3: $3.24
Stop-Loss: Near $3.06

finviz dynamic chart for  AQST

These forecasts are based on the analysis of price action, volume trends, and support/resistance levels. Use these recommendations to inform your trades, considering current market conditions and individual risk tolerance.

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