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Continuation Breakout Monday 3PM 9/30/2024

September 30, 2024 2 min read

Overall Sector and Industry Analysis

Datetime Range Analyzed (EST): August 30, 2024 – September 30, 2024

Commentary on Sector and Industry Performance

Analyzing the provided data across various sectors, a few notable trends emerge. The overall tech sector exhibited mixed performance with tickers like AAPL and NOW showing relative stability while others like CIFR experienced more volatility.

In the consumer goods sector, staples displayed steady performance, with notable tickers being CAT and HD. Meanwhile, the financial sector stocks like MTB and NOAH showed slight declines in the past few days, possibly due to macroeconomic factors.

Noteworthy trends and patterns include:
Tech Sector:
AAPL: Although generally stable, showing some short-term downward pressure.
NOW: High volatility, currently in a consolidation phase.

  • Consumer Goods:
    • HD and CAT: Fluctuating within a narrow range without significant breakouts or breakdowns.
  • Finance:
    • MTB and NOAH: Slight downward trends, facing macroeconomic pressures.

Ticker Performance Prediction

Based on the given data and recent trends, the following tickers are likely to go up in the next 2-3 days:

  • CAPR: Strong bullish signals with higher volumes and upward price trends.
  • ASND: Consistent upward trend with strong support levels.

Individual Stock Analysis

CAPR

  1. Support Levels:
    • $13.38
    • $13.48
    • $14.18
  2. Resistance Levels:
    • $14.34
    • $14.50
    • $14.74

30-Minute Chart Prediction for Next 2-3 Days:
Price Targets:
– Near-term target: $14.50
– Higher target: $14.74

Possible entry points: Near $13.83
Stop-Loss: Near $13.38

finviz dynamic chart for  CAPR

ASND

  1. Support Levels:
    • $146.11
    • $146.46
    • $146.51
  2. Resistance Levels:
    • $147.41
    • $147.745
    • $148.32

30-Minute Chart Prediction for Next 2-3 Days:
Price Targets:
– Near-term target: $147.745
– Higher target: $148.32

Possible entry points: Near $146.46
Stop-Loss: Near $146.11

finviz dynamic chart for  ASND

Conclusion

In conclusion, the overall market shows some returns to volatility but with specific tickers like CAPR and ASND demonstrating strong bullish signals. As a swing trader, focusing on these stocks with defined support/resistance levels and cautious stop-losses may provide profitable opportunities in the next 2-3 days.

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