Continuation Breakout Monday 11AM 7/15/2024

Overall Sector and Industry Analysis

Datetime Range Analyzed: 2024-06-12 to 2024-07-15 (EST)

The past 30 days of trading has shown varied performance across different sectors. Notably, technology and financial sectors have exhibited strong volume and significant price movements, suggesting heightened investor interest and possible sector rotation. Here’s a breakdown:

1. Technology Sector:
   • Ticker: SITM, INTU, HUBB
     • Trend: Bullish. Stocks like SITM, INTU, and HUBB have shown gradual upward momentum with increasing volumes, suggesting strong investor sentiment and potential continuation of trends.
2. Financial Sector:
   • Ticker: FCNCA, EVR
     • Trend: Mixed/Bullish. While FCNCA has witnessed high volatility, EVR has shown steady gains with respectable volume, indicating growing interest in financial stocks.
3. Healthcare/Pharmaceutical Sector:
   • Ticker: SPRY, MIST
     • Trend: Mixed. SPRY has demonstrated some fluctuation with significant price hikes, whereas MIST shows steady but modest movement, reflecting cautious but growing optimism in the healthcare space.
4. Retail Sector:
   • Ticker: BNED, AXON
     • Trend: Bullish. BNED and AXON have displayed strong upward movements in the past 10 days, suggesting a favorable outlook bolstered by robust trading volumes.

Ticker Performance Prediction

Likely to Go Up in Next 2-3 Days:
1. INOD
– Bullish Signals: Strong volume growth, sustained price rise in the last 10 days.
2. UPST
– Bullish Signals: Breakout past recent resistance levels with high volume.
3. AXON
– Bullish Signals: Consistent upward momentum with good volume.
4. SBNY
– Bullish Signals: Rebound from recent lows with increasing volume.

Individual Stock Analysis

INOD

1. Support Levels:
   • $19.70
   • $18.50
   • $17.60
2. Resistance Levels:
   • $20.45
   • $20.83
   • $21.50
3. Price Targets:
   • Near-term: $20.45
   • Mid-term: $21.50 based on ATR movement.
4. Entry Point:
   • Near $19.70
5. Stop-loss Level:
   • Near $18.50
6. Finviz Price Chart:

UPST

1. Support Levels:

   • $28.28
   • $27.75
   • $27.47
2. Resistance Levels:
   • $29.31
   • $30.21
   • $32.00
3. Price Targets:
   • Near-term: $29.31
   • Mid-term: $32.00 based on ATR movement.
4. Entry Point:
   • Near $28.28
5. Stop-loss Level:
   • Near $27.47
6. Finviz Price Chart:

AXON

1. Support Levels:

   • $306.83
   • $302.29
   • $294.77
2. Resistance Levels:
   • $308.76
   • $310.50
   • $315.00
3. Price Targets:
   • Near-term: $308.76
   • Mid-term: $315.00 based on ATR movement.
4. Entry Point:
   • Near $306.83
5. Stop-loss Level:
   • Near $302.29
6. Finviz Price Chart:

SBNY

1. Support Levels:

   • $2.16
   • $2.19
   • $2.25
2. Resistance Levels:
   • $2.39
   • $2.45
   • $2.60
3. Price Targets:
   • Near-term: $2.45
   • Mid-term: $2.60 based on ATR movement.
4. Entry Point:
   • Near $2.16
5. Stop-loss Level:
   • Near $2.00
6. Finviz Price Chart:

Conclusion

The overall market tone appears positive, with several sectors demonstrating growth and accumulating investor interest. Among the focus stocks, INOD, UPST, AXON, and SBNY show potential for upward momentum in the immediate future. Careful attention to entry points, support, and resistance levels, along with disciplined risk management, should enhance trading success in these positions.