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Continuation Breakout Monday 2PM 7/22/2024

July 22, 2024 3 min read

Overall Sector and Industry Analysis:

Datetime Range Analyzed:

  • From: 2024-06-21 11:30:00 EST
  • To: 2024-07-21 14:00:00 EST

Commentary on Overall Sector and Industry Performance:

In the past 30 days, the analyzed stocks showed diverse performance across different sectors and industries. Key observations and trends include:

  • Financial Services Sector: Stocks like FICO, TBBK, and ORN have exhibited mixed signals with varying volume trends.
  • Technology Sector: Stocks like APPF and CNSWF have shown consistent upward momentum, supported by strong volume trends.
  • Healthcare Sector: Stocks like ALEC and FGEN demonstrated erratic price movements, indicating volatility.
  • Consumer Discretionary Sector: Stocks including TOL and NVR (home construction) displayed robust price movements, indicating strong sector performance.

Ticker Performance Prediction:

Likely Bullish Performers Over the Next 2-3 Days:

  • FICO: Fair Isaac Corporation
  • APPF: AppFolio Inc
  • TOL: Toll Brothers Inc
  • NVR: NVR Inc
  • MTH: Meritage Homes Corporation

Individual Stock Analysis:

1. FICO: Fair Isaac Corporation

  • Support Levels: 1624, 1632, 1635
  • Resistance Levels: 1640, 1645, 1650
    • Price Action Predictions (Next 2-3 Trading Days)
      • 30-Minute Chart Perspective: FICO shows a bullish trend with an increase in volume, suggesting potential continuation.
      • Price Targets (1-3 Day Swing): 1642, 1648, 1655
      • Entry Point: Near support at 1625-1630 range
      • Stop-Loss: Below key support level at 1620
    • finviz dynamic chart for  FICO

2. APPF: AppFolio Inc

  • Support Levels: 268.0, 268.7, 269.0
  • Resistance Levels: 271.0, 273.0, 275.0

    • Price Action Predictions (Next 2-3 Trading Days)
      • 30-Minute Chart Perspective: APPF has shown strong bullish signals, with consistent higher lows and higher highs.
      • Price Targets (1-3 Day Swing): 272.0, 274.0, 276.0
      • Entry Point: Around the 268-269.5 range
      • Stop-Loss: Below key support at 267.9
    • finviz dynamic chart for  APPF

3. TOL: Toll Brothers Inc

  • Support Levels: 131.8, 132.0, 132.1
  • Resistance Levels: 133.6, 134.0, 134.5

    • Price Action Predictions (Next 2-3 Trading Days)
      • 30-Minute Chart Perspective: TOL is displaying a steady upward momentum with strong closes near daily highs.
      • Price Targets (1-3 Day Swing): 134.0, 135.0, 136.0
      • Entry Point: Around the 132.0-133.0 range
      • Stop-Loss: Just below support at 131.7
    • finviz dynamic chart for  TOL

4. NVR: NVR Inc

  • Support Levels: 8522, 8530, 8550
  • Resistance Levels: 8580, 8600, 8650

    • Price Action Predictions (Next 2-3 Trading Days)
      • 30-Minute Chart Perspective: NVR has a bullish inclination, with recent higher highs.
      • Price Targets (1-3 Day Swing): 8600, 8640, 8700
      • Entry Point: Near support around 8530-8550
      • Stop-Loss: Below strong support at 8520
    • finviz dynamic chart for  NVR

5. MTH: Meritage Homes Corporation

  • Support Levels: 190.0, 191.0, 192.0
  • Resistance Levels: 192.5, 193.0, 194.0

    • Price Action Predictions (Next 2-3 Trading Days)
      • 30-Minute Chart Perspective: MTH is showing some strength with recent bullish candlesticks indicating potential for more upside.
      • Price Targets (1-3 Day Swing): 193.0, 194.5, 196.0
      • Entry Point: Within the 191.0-192.0 range
      • Stop-Loss: Near the 190.0 support range
    • finviz dynamic chart for  MTH

This analysis incorporates price action, volume data, and recent price movements to provide a comprehensive view for a short-term swing trading strategy. The identified stocks indicate strong bullish trends backed by significant volume, making them prime candidates for a short to mid-term bullish swing.

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