Overall Sector and Industry Analysis:
Datetime Range Analyzed: From 2024-07-23 to 2024-08-26 (30 days), with emphasis on the last 10 days up to 2024-08-26. All times are in EST.
Commentary on Sector and Industry Performance:
The stocks analyzed herein span several sectors including Technology, Healthcare, Consumer Discretionary, Financials, Industrials, Materials, and Energy. Overall, performance has been mixed with some sectors showing stronger momentum than others. With specific focus on the last 10 days:
- Technology Sector:
- Stocks: BMBL, TEAM, TIXT
- Observation: There has been significant volatility. BMBL and TIXT have shown an increasing volume with a positive price trend, indicating potential upside momentum.
- Healthcare Sector:
- Stocks: CNTA, GHRS
- Observation: Modest gains observed with low to moderate volume. Healthcare stocks like CNTA and GHRS have shown stabilization with light upward momentum.
- Consumer Discretionary:
- Stocks: MCD, DRI, AXP, DE
- Observation: MCD and DRI show positive momentum with increasing volume. DE shows a strong upward trend as well.
- Industrials:
- Stocks: BA, TDY, SHW
- Observation: Industrial stocks exhibit strong support levels with TDY showing continuous growth.
- Materials:
- Stocks: SHW
- Observation: SHW remains range-bound but with recent upward ticks indicating a potential breakout.
- Energy:
- Stocks: MKL, PNRG
- Observation: Has shown stable growth with moderate volume and gradual price increment, potential for continued upward movement.
Noticeable Trends:
- Bullish Signals are more pronounced in the Technology and Consumer Discretionary sectors.
- Volume Increases: Notably seen in DVI, CPAY, BMBL, and DE, signaling potential breakout or continuation patterns.
- Price Stability: Observed in GHRS and CNTA, indicating a possible buildup for a breakout.
Ticker Performance Prediction:
Based on the past 30-days of price and volume analysis, the following tickers are likely to go up in the next 2-3 days:
- BMBL (
)
- DE (
)
- MCD (
)
- AXP (
)
- TIXT (
)
Stocks Showing Strong Bullish Signals:
- DE: Strong upward trend with increasing volume.
- MCD: Persistent gain with solid volume spikes.
- BMBL: Positive momentum with significant volume.
- AXP: Showing upward momentum with moderate volume.
Individual Stock Analysis:
BMBL:
- Support Levels:
- $6.75
- $6.50
- $6.25
- Resistance Levels:
- $7.00
- $7.25
- $7.50
Price Action Predictions:
– Next 2-3 Days: Likely to trend towards $7.00 levels with possible targets of $7.25 and $7.50.
– Entry Points: Near $6.75 (support).
– Stop-Loss: Near $6.50 (below minor dips).
DE:
- Support Levels:
- $379.00
- $375.00
- $370.00
- Resistance Levels:
- $385.00
- $390.00
- $395.00
Price Action Predictions:
– Next 2-3 Days: Expected to test $385.00 with potential moves to $390.00.
– Entry Points: Near $379.00.
– Stop-Loss: Near $375.00.
MCD:
- Support Levels:
- $289.00
- $285.00
- $280.00
- Resistance Levels:
- $292.00
- $295.00
- $298.00
Price Action Predictions:
– Next 2-3 Days: Likely to test upper levels towards $292.00.
– Entry Points: Around $289.00 support area.
– Stop-Loss: $285.00.
AXP:
- Support Levels:
- $252.00
- $250.00
- $248.00
- Resistance Levels:
- $255.00
- $257.00
- $260.00
Price Action Predictions:
– Next 2-3 Days: Likely to move towards $255.00.
– Entry Points: At $252.00 level.
– Stop-Loss: $250.00.
TIXT:
- Support Levels:
- $3.50
- $3.40
- $3.30
- Resistance Levels:
- $3.70
- $3.80
- $4.00
Price Action Predictions:
– Next 2-3 Days: Likely to test $3.70 and move toward $3.80.
– Entry Points: Near $3.50.
– Stop-Loss: Close to $3.40.
Finviz Price Charts:
- BMBL:
- DE:
- MCD:
- AXP:
- TIXT:
These stocks exhibit strong bullish signals supported by increasing volumes and favorable technical setups, making them ideal candidates for short-term 1-5 days momentum swing trading.