Overall Sector and Industry Analysis
Datetime Range Analyzed: 2024-06-25 to 2024-07-25 (EST)
Over the past 30 days, sector and industry performance displayed varied trends in terms of price and volume. The sectors under review include technology, healthcare, industrials, financials, and basic materials. Notable trends include:
- Technology Sector
- ACN and ITW have shown significant upward movements in price and volume, indicating investor confidence.
- ACN has seen a continuous rise backed by high trading volume over the last 10 days.
- Healthcare Sector
- AMGN and UNH recorded strong gains.
- UNH shows a consistent uptrend over the recent 10 days, accentuated by substantial volume, suggesting bullish momentum.
- Industrials Sector
- NOC and ODFL showed robust rallies.
- NOC‘s recent sharp price increase with high volume indicates strong institutional accumulation.
- Financials Sector
- AMP and MTB observed notable gains.
- Recent volume spikes indicate intensified trading, potentially pointing to further momentum.
- Basic Materials Sector
- FCNCA and DE are experiencing significant price changes accompanied by volume surges.
- Such patterns suggest possible continuations in price trend if volume remains elevated.
Ticker Performance Prediction
Likely to Go Up in the Next 2-3 Days:
– NOC
– UNH
– AMP
– DE
– ACN
Individual Stock Analysis
NOC (Northrop Grumman Corporation)
Support Levels:
1. $463.85
2. $458.93
3. $452.00
Resistance Levels:
1. $469.73
2. $471.01
3. $470.08
Price Action Prediction (Next 2-3 Days):
– Expect price consolidation around the $464.00 mark before testing the $470.00 resistance.
– Targets for a 1-3 day swing: $469.5 and $471.0.
– Entry point near $463.50; Stop-loss at $459.00.
UNH (UnitedHealth Group Incorporated)
Support Levels:
1. $563.77
2. $560.00
3. $559.75
Resistance Levels:
1. $569.89
2. $569.13
3. $568.47
Price Action Prediction (Next 2-3 Days):
– Bullish momentum expected to continue, with possible breakthrough of $570.00.
– Targets for 1-3 day swing: $569.5 and $569.0.
– Entry point near $563.50; Stop-loss at $561.00.
AMP (Ameriprise Financial, Inc.)
Support Levels:
1. $436.04
2. $434.35
3. $422.00
Resistance Levels:
1. $444.63
2. $438.58
3. $437.29
Price Action Prediction (Next 2-3 Days):
– Expect further upside; likely testing resistance at $445.00.
– Targets for 1-3 day swing: $444.5 and $443.5.
– Entry point near $436.00; Stop-loss at $433.50.
DE (Deere & Company)
Support Levels:
1. $378.235
2. $374.390
3. $368.170
Resistance Levels:
1. $381.18
2. $380.530
3. $379.250
Price Action Prediction (Next 2-3 Days):
– Strong uptrend anticipated to continue beyond $380.00.
– Targets for 1-3 day swing: $380.5 and $381.0.
– Entry point near $378.00; Stop-loss at $376.00.
ACN (Accenture plc)
Support Levels:
1. $331.4874
2. $330.4900
3. $323.3400
Resistance Levels:
1. $334.58
2. $334.00
3. $333.32
Price Action Prediction (Next 2-3 Days):
– Expect price to break upper resistance around $335.00.
– Targets for 1-3 day swing: $334.5 and $333.0.
– Entry point near $331.50; Stop-loss at $330.00.
By focusing on the recent 10 days of price and volume development, the stocks analyzed show promising short-term bullish trends, ideal for momentum swing trading. Entry and exit strategies are designed to minimize risk while capitalizing on the anticipated market movements.