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Continuation Breakout Monday 11AM 9/23/2024

September 23, 2024 2 min read

Overall Sector and Industry Analysis

Date Range Analyzed: 2024-08-23 to 2024-09-23 (EST)

Over the past 30 days, the analyzed data highlights varying performances in different sectors, with some exhibiting strong momentum and considerable volume shifts in the most recent 10-day period. We observed notable activity in sectors such as technology, healthcare, industrials, and financial services, which are further broken down by individual stock performance.

Notable Trends and Patterns:

  • Technology Sector:
    • Stocks such as FFIV, PI, and ISRG have shown higher volatility and volume during market openings. FFIV, for instance, peaked higher, suggesting potential bullish moves aligning with increased market participation.
  • Healthcare Sector:
    • ISRG demonstrated a mix of steady price increments and volume surges, potentially foreshadowing bullish momentum.
  • Financial Services Sector:
    • BLK exhibited substantial intra-day movements and sustained volume, hinting at possible upward stability.
  • Industrial Sector:
    • Stocks like GWW responded to macro-economic trends, with significant high and low price points but steady close prices, indicating sector resilience and potential bullish trends.

Ticker Performance Prediction

Based on the 1-5 days momentum swing trading strategy, the following tickers exhibit strong bullish signals likely to surge in the next 2-3 days:
1. FFIV (F5 Networks, Inc.)
2. BLK (BlackRock, Inc.)
3. PI (Impinj, Inc.)

Individual Stock Analysis

FFIV (F5 Networks, Inc.)

  • Support Levels: $220.50, $218.00, $216.50
  • Resistance Levels: $222.50, $224.00, $226.00
  • Price Action Prediction (30-minute chart):
    • Expect a consolidation near $221.50 followed by a breakout towards $223.50, targeting $225.00.
  • Price Targets:
    • Near-term: $223.50
    • Mid-term: $225.50
  • Entry Points: Around the $220.50 support level
  • Stop-Loss: Set at $217.00 to manage risk exposure

\finviz dynamic chart for FFIV\

BLK (BlackRock, Inc.)

  • Support Levels: $936.00, $932.00, $928.00
  • Resistance Levels: $939.50, $944.00, $950.00
  • Price Action Prediction (30-minute chart):
    • Look for an initial appreciation towards $937.50 and a potential breakout aiming for $940.50.
  • Price Targets:
    • Near-term: $938.50
    • Mid-term: $942.50
  • Entry Points: Around the $935.50 support level
  • Stop-Loss: Set at $931.00 to manage downside risk

\finviz dynamic chart for BLK\

PI (Impinj, Inc.)

  • Support Levels: $203.00, $201.00, $199.00
  • Resistance Levels: $204.50, $206.00, $208.00
  • Price Action Prediction (30-minute chart):
    • Anticipate an upward momentum towards $205.00, maintaining above this level could trigger further buying going up to $206.50.
  • Price Targets:
    • Near-term: $205.50
    • Mid-term: $207.00
  • Entry Points: Around the $202.50 support level
  • Stop-Loss: Placed at $200.00 to safeguard against steep declines

\finviz dynamic chart for PI\

By aligning trading strategies with these predictions, traders can capitalize on anticipated upward movements while managing risk through strategic entry points and stop-loss levels.

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