Overall Sector and Industry Analysis

Analysis Date Range:
From August 12, 2024 10:30 AM EDT to August 12, 2024 12:30 PM EDT

Sector and Industry Performance

Over the past 30 days, there have been notable movements in various sectors, particularly in technology, healthcare, and construction sectors. In the last 10 days, several stocks have shown increased volume and price actions which are key indicators of potential short-term movements.

• Technology Sector:
  NVDA and its derivatives (NVDU, NVDX, NVDL) have seen heightened activity. Notably, NVDL’s price fluctuations indicate a potentially higher volatility and trading interest.
• Healthcare Sector:
  MOH and MD have maintained relatively stable but slightly trending upward, showing strong demand.
• Construction Sector:
  TPC is showing significant volume spikes coupled with upward price movement which can indicate strong accumulation.

Let’s dive deeper into the individual stock performance predictions and detailed chart analysis.

Ticker Performance Prediction

Stocks Likely to Go Up in the Next 2-3 Days

Based on the analysis of volume and price actions, the following tickers show strong bullish signals:

1. NVDA: Strong upward momentum with consistent high volumes.
2. TPC: Noticeable consistent upward price movement with higher volume.
3. MOH: Trending steadily upward with consistent volume levels.
4. FSLR: Indications of strong support at lower levels and creeping up.

Individual Stock Analysis

NVDA (NVIDIA Corporation)

Support and Resistance Levels

• Support Levels:
  • $108.17
  • $108.81
  • $109.20
• Resistance Levels:
  • $110.38
  • $110.6825
  • $110.49

Price Action Prediction (30-Minute Chart)

• Potential Price Targets:
  • $110.50 (Immediate)
  • $111.00 (Medium)
  • $111.50 (High)
• Entry Point:
  • Near $109.20
• Stop-Loss Level:
  • Close below $108.17

TPC (Tutor Perini Corporation)

Support and Resistance Levels

• Support Levels:
  • $18.765
  • $19.000
  • $19.160
• Resistance Levels:
  • $19.310
  • $19.280
  • $19.29

Price Action Prediction (30-Minute Chart)

• Potential Price Targets:
  • $19.30 (Immediate)
  • $19.35 (Medium)
  • $19.40 (High)
• Entry Point:
  • Near $19.000
• Stop-Loss Level:
  • Close below $18.765

MOH (Molina Healthcare, Inc.)

Support and Resistance Levels

• Support Levels:
  • $342.510
  • $342.945
  • $343.150
• Resistance Levels:
  • $343.790
  • $343.950
  • $344.235

Price Action Prediction (30-Minute Chart)

• Potential Price Targets:
  • $344.00 (Immediate)
  • $344.50 (Medium)
  • $345.00 (High)
• Entry Point:
  • Near $342.510
• Stop-Loss Level:
  • Close below $342.510

FSLR (First Solar, Inc.)

Support and Resistance Levels

• Support Levels:
  • $217.00
  • $217.772
  • $218.300
• Resistance Levels:
  • $220.420
  • $220.520
  • $220.4999

Price Action Prediction (30-Minute Chart)

• Potential Price Targets:
  • $220.50 (Immediate)
  • $221.00 (Medium)
  • $221.50 (High)
• Entry Point:
  • Near $218.300
• Stop-Loss Level:
  • Close below $217.00

By analyzing the past 30 days of data, particularly focusing on the recent 10 days, these stocks appear to exhibit patterns favorable for short-term momentum trading. Their strong bullish signals offer promising opportunities for swing trades over the next 2-3 days.