Continuation Breakout Monday 1PM 8/26/2024

Overall Sector and Industry Analysis (Date Range: August 26, 2024, 10:30 AM – 1:00 PM EST)

Based on the uploaded datasets, we analyzed stock prices and volumes from various sectors over the past 30 days, with a focused emphasis on the recent 10 days, particularly the session of August 26, 2024. This analysis spans multiple industries, including technology, healthcare, finance, energy, and consumer goods.

Noticeable Trends and Patterns:

1. Technology Sector: Stocks like $TEAM and $CAN displayed some positive volume and price actions. $TEAM saw consistent upward movement, while $CAN had stable support around $1.07-$1.09.
2. Healthcare Sector: Notable tickers like $LLY and $ELV had mixed movements. $LLY showed intraday volatility but maintained a significant volume, suggesting potential bullish momentum. $MOH displayed bearish tendencies.
3. Energy Sector: $PNRG showed low volume, indicating less interest or significant moves within this period.
4. Consumer Goods: $DRI and $FHTX showed stable support levels, with $FHTX showing a positive end-of-day spike.
5. Communications Services: $SOND and $BMBL showed variability. $SOND demonstrated higher volatility and price gains.

Ticker Performance Prediction:

1. Likely to Go Up
   • $TEAM: Showing strong bullish signals with high upside movement and price nearing resistance breaks.
   • $LLY: High intraday volatility with consistent volume suggesting potential bullish continuation.
   • $SOND: Volatility with upward movement indicates bullish sentiment.

Individual Stock Analysis:

$TEAM

• Support Levels:
  1. $163.00
  2. $162.50
  3. $161.00
• Resistance Levels:
  1. $165.00
  2. $165.50
  3. $166.00
• Price Prediction (Next 2-3 Days):
  • 30-Min Chart: Potential bullish continuation if breaking above $165.00.
  • Entry Point: Near $163.00
  • Price Targets:
  • First target: $165.00
  • Second target: $165.50
  • Third target: $166.00
  • Stop-Loss: Near $162.50
• Finviz Chart:

$LLY

• Support Levels:
  1. $948.00
  2. $947.00
  3. $945.00
• Resistance Levels:
  1. $955.00
  2. $956.00
  3. $957.00
• Price Prediction (Next 2-3 Days):
  • 30-Min Chart: Bullish trend continuation, looking for breaks above previous high.
  • Entry Point: Near $948.00
  • Price Targets:
  • First target: $955.00
  • Second target: $956.00
  • Third target: $957.00
  • Stop-Loss: Near $947.00
• Finviz Chart:

$SOND

• Support Levels:
  1. $7.10
  2. $7.00
  3. $6.95
• Resistance Levels:
  1. $7.70
  2. $7.80
  3. $8.00
• Price Prediction (Next 2-3 Days):
  • 30-Min Chart: Momentum indicates potential bullish continuation after stabilizing above $7.00.
  • Entry Point: Near $7.10
  • Price Targets:
  • First target: $7.50
  • Second target: $7.70
  • Third target: $8.00
  • Stop-Loss: Near $7.00
• Finviz Chart:

Conclusion:

While some stocks like $TEAM, $LLY, and $SOND present strong bullish signals supported by robust volume and upward price trends, other equities within the dataset display more neutral or bearish tendencies. Monitoring these stocks for key support and resistance levels, coupled with vigilant adherence to suggested entry and stop-loss points, will optimize the likelihood of capitalizing on short-term momentum trades successfully.