Continuation Breakout Monday 3PM 9/23/2024

Overall Sector and Industry Analysis:

Date Range: From 2024-08-23 to 2024-09-22 (all times in EST)

Analyzing the recent 30 days of price and volume data, the overall sector performance has been mixed, reflecting a period of consolidation rather than trending markets. However, notable patterns have emerged in specific sectors and industries:

Technology Sector:

• AMZN (Amazon): The stock has been experiencing high volatility but has shown a consistent uptrend, indicating strong buying interest.
• NFLX (Netflix): Demonstrates a strong uptrend with consecutive higher highs and higher lows, signifying good bullish momentum.
• PI (Impinj): Shows a strong uptrend with recent surges in volume, indicating bullish behavior.

Consumer Discretionary Sector:

• WING (Wingstop): Steady performance with slight uptrends, signaling moderate bullish interest.
• DE (Deere & Company): Volatility noted, but recent price action indicates possible consolidation before a potential breakout.

Healthcare Sector:

• JANX (Janux-Therapeutics): Recent volume spikes with higher price movements suggest potential rally opportunities.
• ASPI (ASPIRA Women’s Health): Consistent higher low patterns suggest building momentum in the stock.

Basic Materials Sector:

• CSWI (CSW Industrials): Shows stable performance with minor corrections, appearing stable for bullish setups.
• APD (Air Products & Chemicals): Recently seen minor bullish trend continuation after testing of significant support levels.

Noticeable Trends:
– The Technology sector, notably AMZN and NFLX, is showing strong bullish trends.
– PI from the same sector has also emerged as a potential candidate with robust momentum.
– Healthcare sector stocks like JANX and ASPI show potential for short-term rallies given recent volume and price action.

Ticker Performance Prediction:

Likely to Increase in Next 2-3 Days:

1. AMZN – Showing strong uptrend backed by high volume.
2. NFLX – Continuous higher highs and higher lows with supporting volume.
3. PI – Strong surges in volume and price action.
4. JANX – Volume spikes and bullish price patterns.
5. ASPI – Positive price momentum with consistent higher lows.

Strong Bullish Signals:

• AMZN
• NFLX
• PI

Individual Stock Analysis:

AMZN:

• Support:
  • $192.00
  • $190.00
  • $188.00
• Resistance:
  • $195.00
  • $197.00
  • $200.00

Price Action Predictions:
– Near-term targets: $195.00, $197.00
– Entry Points: Around $192.00 to $193.00
– Stop-loss: Set around $190.00

Chart:

NFLX:

• Support:
  • $705.00
  • $700.00
  • $690.00
• Resistance:
  • $710.00
  • $715.00
  • $720.00

Price Action Predictions:
– Near-term targets: $710.00, $715.00
– Entry Points: Around $705.00 to $706.00
– Stop-loss: Set around $700.00

Chart:

PI:

• Support:
  • $205.00
  • $200.00
  • $195.00
• Resistance:
  • $210.00
  • $215.00
  • $220.00

Price Action Predictions:
– Near-term targets: $210.00, $215.00
– Entry Points: Around $205.00 to $206.00
– Stop-loss: Set around $200.00

Chart:

JANX:

• Support:
  • $50.00
  • $48.00
  • $47.00
• Resistance:
  • $52.00
  • $53.00
  • $55.00

Price Action Predictions:
– Near-term targets: $52.00, $53.00
– Entry Points: Around $50.00 to $51.00
– Stop-loss: Set around $49.00

Chart:

ASPI:

• Support:
  • $3.00
  • $2.90
  • $2.85
• Resistance:
  • $3.10
  • $3.15
  • $3.20

Price Action Predictions:
– Near-term targets: $3.10, $3.15
– Entry Points: Around $3.00 to $3.05
– Stop-loss: Set around $2.90

Chart:

This concludes the sector, ticker performance, and individual stock analysis based on the recent data provided.