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Continuation Breakout Thursday 11AM 6/13/2024

June 13, 2024 2 min read

Overall Sector and Industry Analysis:

Datetime Range Analyzed: May 13, 2024 – June 12, 2024 (EST)

After a thorough analysis of the given stocks over the past 30 days, with a particular emphasis on the last 10 days, there are several observable trends within their respective sectors and industries.

Technology Sector

  • AMSC (American Superconductor Corporation): Heavy trading volume spikes, particularly on June 13 with intraday highs reflecting strong interest.
  • ACLS (Axcelis Technologies, Inc.): Demonstrates significant upward momentum with higher trading volumes.
  • SNPS (Synopsys): Volatility with a leading bullish trend, supported by strong trading volumes.
  • NXPI (NXP Semiconductors): Showed resilience and upward potential with relatively stable volume.
  • HKIT (Inspira Technologies Oxy B.H.N. Ltd.): Smaller cap stock showing spikes in trading volumes, indicating some investor interest.

Healthcare Sector

  • KRYS (Krystal Biotech Inc.): Positive movement driven largely by news or results, evident from strong volume.
  • XFOR (X4 Pharmaceuticals, Inc.): Low-priced stocks exhibiting significant volume surges, indicating active trading.

Consumer Discretionary

  • FAT Brands Inc. (FAT): Small cap stock with relatively stable volumes.

Energy Sector

  • PI (Sphere 3D Corp): Exhibits pattern of volatility, appears to be in a consolidation phase.

Industrial Sector

  • GFL Environmental (GFL): Moderate activity with consistent volumes reflecting steady investor interest.

Financial Sector

  • HUT 8 Mining Corp (HUT): Reflects high volatility and significant volume surges.

Ticker Performance Prediction

Likely to Go Up in the Next 2-3 Days

  • ACLS
  • KRYS
  • SNPS
  • HUT
  • AMSC

Individual Stock Analysis

ACLS

Support Levels:
– $137.51
– $135.79
– $142.43

Resistance Levels:
– $145.20
– $143.82
– $144.16

Price Action Prediction:
Entry Point: Near $137.51
Targets: $143.82, $145.20
Stop-Loss: Near $135.79

finviz dynamic chart for  ACLS

KRYS

Support Levels:
– $181.96
– $186.75
– $189.75

Resistance Levels:
– $190.79
– $191.78
– $187.41

Price Action Prediction:
Entry Point: Near $181.96
Targets: $187.41, $190.79
Stop-Loss: Near $186.75

finviz dynamic chart for  KRYS

SNPS

Support Levels:
– $585.88
– $581.70
– $587.79

Resistance Levels:
– $596.98
– $595.18
– $591.23

Price Action Prediction:
Entry Point: Near $585.88
Targets: $596.98, $595.18
Stop-Loss: Near $581.70

finviz dynamic chart for  SNPS

HUT

Support Levels:
– $10.68
– $11.05
– $11.11

Resistance Levels:
– $11.84
– $11.24
– $11.56

Price Action Prediction:
Entry Point: Near $10.68
Targets: $11.24, $11.84
Stop-Loss: Near $11.05

finviz dynamic chart for  HUT

AMSC

Support Levels:
– $23.95
– $24.01
– $25.80

Resistance Levels:
– $27.27
– $26.41
– $26.79

Price Action Prediction:
Entry Point: Near $24.01
Targets: $26.41, $27.27
Stop-Loss: Near $23.95

finviz dynamic chart for  AMSC


These analyses reflect potential market movements based on past performance and volume indicators. As always, it’s crucial to adjust your plan according to real-time market developments. Happy trading!

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