Continuation Breakout Monday 4PM 7/15/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed: 2024-06-17 to 2024-07-15 (EST)

Commentary on Overall Sector and Industry Performance:

Based on the data of the various stocks over the past 30 days, it’s clear that different sectors are experiencing varied momentum. The recent 10 days have been particularly revealing in identifying sectors showing upward or downward momentum.

• Tech Sector (INTU, INOD, ENVX):
  The tech sector has shown mix resilience. INTU has shown a steady bullish momentum with increasing volume, particularly in the last 10 days. ENVX has also exhibited bullish characteristics, albeit with more volatility. INOD has been trading with mixed momentum, reflecting uncertainty.

• Healthcare Sector (OLED, UTHR, AXON, NGNE, KRYS, ALEC, RVMD):
  The healthcare sector exhibits mixed performance. AXON shows strong bullish signals with steady price lifts and volume rises. KRYS has shown consistent upward movement with strong volumes, suggesting positive momentum. Conversely, ALEC has been more stale with some declines.

• Energy Sector (GATO, TPL):
  The energy sector, represented by GATO and TPL, shows a mixed trend. GATO has seen some downward movements, while TPL has had volatile but overall positive momentum.

• Financial Sector (EVR, SBNY):
  SBNY has showcased noticeable bullish signals recently with increasing prices and volume. EVR shows a more modest but steady bullish trend.

• Consumer Goods Sector (WSO, SPRY):
  These stocks have been more neutral with slight bullish trends observed in WSO, while SPRY has remained quite flat.

Notable Trends and Tickers:

• Bullish Momentum:

  • AXON: High volume increase and steady price rise.
  • KRYS: Consistent upward movement with volume support.
  • INTU: Strong performance in the past 10 days with substantial volume.
• Volatile Movements:
  • ENVX: While mostly positive, shows high volatility.
  • TPL: Volatile but leans towards an upward trend.
• Mixed Signals:
  • INOD: Uneven price movements with inconsistent volume.

Ticker Performance Prediction:

Likely to Go Up in the Next 2-3 Days:

1. INTU
2. KRYS
3. AXON

Strong Bullish Signals:

• INTU
• KRYS
• AXON

Individual Stock Analysis:

INTU:

• Support Levels:
  1. $652
  2. $648
  3. $644
• Resistance Levels:
  1. $657
  2. $660
  3. $664
• Price Action Prediction:
  Over the next 2-3 days, INTU is likely to trade upwards, targeting resistance levels around $657 and $660. It might consolidate near $652 before attempting a break higher.

• Entry Point:
  Near $652

• Stop-Loss Level:
  Near $644

• WordPress Shortcode:
  

KRYS:

• Support Levels:

  1. $206
  2. $204
  3. $202
• Resistance Levels:
  1. $208
  2. $210
  3. $212
• Price Action Prediction:
  KRYS should see upward movement towards the $208 and potentially breaking to $210 in the coming days.

• Entry Point:
  Near $206

• Stop-Loss Level:
  Near $204

• WordPress Shortcode:
  

AXON:

• Support Levels:

  1. $306
  2. $304
  3. $302
• Resistance Levels:
  1. $308
  2. $310
  3. $313
• Price Action Prediction:
  AXON is poised to target the $308 and $310 levels, with potential to test $313 if momentum continues.

• Entry Point:
  Near $306

• Stop-Loss Level:
  Near $302

• WordPress Shortcode:
  

By closely monitoring these stocks, traders can capitalize on these anticipated upward movements. Adjustments in trading strategies should be made based on real-time market conditions and additional fundamental factors.