Overall Sector and Industry Analysis:
Analysis Date Range: June 14, 2024 to July 15, 2024 (EST)
The past 30 days of stock price and volume data covers a diverse range of sectors including financials (SBNY, FCNCA), energy (NISN, UEC, TPL), healthcare (PRAX, ORIC), and technology (AXON, INTU, OLED).
Sector and Industry Performance:
- Financials:
- SBNY and FCNCA: Both stocks show low volume trading, indicating lack of significant market interest or price movement. FCNCA shows higher stability and slight upward movement compared to SBNY.
- Energy:
- NISN, UEC, TPL: Energy stocks have been in a bullish trend, especially evident in TPL’s steady increase. UEC and TPL are showing strong price movements with TPL reaching new highs.
- Healthcare:
- PRAX, ORIC: The healthcare sector has shown resistance and moderate bullish sentiment. PRAX shows steady volumes with minor fluctuations in price, while ORIC displays higher volatility with an upward price trend.
- Technology:
- AXON, INTU, OLED: Technology stocks have experienced strong uptrends with significant volume. AXON and INTU, in particular, have demonstrated strong bullish patterns, supported by robust volume.
- Miscellaneous:
- Stocks such as SITM, GWW, EVR: These stocks have shown steady upward momentum with moderate volumes, indicating consistent investor interest.
Noticeable Trends:
- Bullish Momentum: Stocks like TPL, AXON, INTU have shown strong bullish signals with consistent increase in both price and volume.
- Volatility: Stocks like ORIC and BNED have displayed significant intraday volatility with spikes in volume, indicating potential for swing trading opportunities.
Ticker Performance Prediction:
Likely to Go Up in the Next 2-3 Days:
– AXON, INTU, TPL: Strong bullish patterns.
– BNED: Showing signs of recovery with increasing intraday volumes.
– AUTL: Potential for upward movement due to price consolidation and recent volume spikes.
Individual Stock Analysis:
1. AXON
- Support Levels: 302, 304, 306
- Resistance Levels: 308, 310, 312
- Price Action Prediction: Likely to test resistance at 308 in the next 2-3 days. Watch for breakout.
- Price Targets: 308, 310, 312
- Entry Point: Near 304
- Stop-Loss: Below 302
- Finviz Chart:
2. INTU
- Support Levels: 649, 653, 656
- Resistance Levels: 658, 662, 665
- Price Action Prediction: Price may test resistance at 658 with strong momentum.
- Price Targets: 658, 662, 665
- Entry Point: Near 653
- Stop-Loss: Below 649
- Finviz Chart:
3. TPL
- Support Levels: 807, 822, 825
- Resistance Levels: 830, 835, 840
- Price Action Prediction: Likely to continue upward trend testing 830-835 levels.
- Price Targets: 830, 835, 840
- Entry Point: Near 822
- Stop-Loss: Below 807
- Finviz Chart:
4. BNED
- Support Levels: 8.23, 8.38, 8.47
- Resistance Levels: 8.50, 8.60, 8.70
- Price Action Prediction: May recover to test resistance at 8.50 with current volume trends.
- Price Targets: 8.50, 8.60, 8.70
- Entry Point: Near 8.38
- Stop-Loss: Below 8.23
- Finviz Chart:
5. AUTL
- Support Levels: 4.40, 4.45, 4.48
- Resistance Levels: 4.50, 4.55, 4.60
- Price Action Prediction: Expect upward breakout from current levels, testing 4.50-4.55.
- Price Targets: 4.50, 4.55, 4.60
- Entry Point: Near 4.45
- Stop-Loss: Below 4.40
- Finviz Chart:
This analysis is rooted in the momentum trading strategy aimed at capitalizing on short-term price movements. Always ensure to reassess stock conditions at market openings and adjust strategies as necessary.