Continuation Breakout Monday 4PM 7/01/2024

Overall Sector and Industry Analysis

Datetime Range Analyzed: From 2024-06-01 to 2024-07-01 (in Eastern Standard Time).

Based on the price and volume data for the past 30 days, notable trends and performance patterns have emerged across different sectors:

1. Technology Sector:
   • TSLA (Tesla) and MDB (MongoDB) showed strong bullish trends with increasing volumes, particularly in the last 10 days. This indicates a positive momentum suggesting investor confidence.
   • INSG (Inseego Corp) and CDNS (Cadence Design Systems) had fluctuating price action with volume spikes indicating potential volatility.
2. Healthcare Sector:
   • UTHR (United Therapeutics): Price stability with slight upward momentum and relatively low but consistent volume.
   • ACRS (Aclaris Therapeutics) and ARQT (Arcutis Biotherapeutics): Indicated some bearish pressure with decreasing prices and high volumes.
3. Financial Sector:
   • GS (Goldman Sachs) and WLFC (Willis Lease Finance): Showed mixed performance with some bullish days. GS exhibited particularly strong volume spikes.
4. Real Estate Sector:
   • ESS (Essex Property Trust): Exhibited stable price movements with consistent volumes, suggesting stability.
5. Telecommunications Sector:
   • EXFY (Exflexa): Showed some bullish activity with increasing volumes over the last 10 days suggesting buying interest.

Ticker Performance Prediction

Likely Bullish Tickers (Next 2-3 Days):
– TSLA, MDB, EXFY, GS

Strong Bullish Signals:
– TSLA: Consistent upward price movement with high volume.
– MDB: Steady upward trend with strong price action indicating bullish momentum.
– GS: Increasing price and significant volume spikes suggest strong buying interest.

Individual Stock Analysis

TSLA (Tesla)

• Support Levels:
  • $209.60
  • $210.73
  • $208.97
• Resistance Levels:
  • $213.23
  • $212.87
  • $212.05

Price Action Prediction:
– Target Prices: $212.87, $213.23
– Entry Point: Consider entry near $209.60 – $210.73
– Stop-Loss: Close below $208.97

MDB (MongoDB)

• Support Levels:
  • $259.60
  • $260.10
  • $261.02
• Resistance Levels:
  • $261.38
  • $262.89
  • $264.76

Price Action Prediction:
– Target Prices: $262.89, $264.76
– Entry Point: Consider entry near $260.10 – $261.02
– Stop-Loss: Close below $259.60

GS (Goldman Sachs)

• Support Levels:
  • $461.57
  • $461.67
  • $462.58
• Resistance Levels:
  • $463.00
  • $463.56
  • $464.02

Price Action Prediction:
– Target Prices: $463.56, $464.02
– Entry Point: Consider entry near $461.57 – $462.58
– Stop-Loss: Close below $461.57

EXFY (Exflexa)

• Support Levels:
  • $1.54
  • $1.55
  • $1.52
• Resistance Levels:
  • $1.57
  • $1.56
  • $1.56

Price Action Prediction:
– Target Prices: $1.56, $1.57
– Entry Point: Consider entry near $1.54 – $1.55
– Stop-Loss: Close below $1.52

This analysis covers the likely short-term movements as indicated by recent price and volume data. Adjustments should be made based on further intraday developments and market conditions.