Overall Sector and Industry Analysis:
Date Range Analyzed (EST): 2024-05-06 to 2024-06-05
Performance Commentary:
The past 30 days have seen varying levels of activity across different sectors and industries. Some key observations are:
- Healthcare Sector:
- AMGN and LLY have shown steady gains over the 30-day period, reflecting bullish trends in large-cap pharmaceuticals.
- TFX and BDX in the medical equipment industry have also shown upward momentum, driven by increased volume.
- Technology Sector:
- COR and CHTR have demonstrated significant price appreciation reflecting a strong performance in Tech services and communications.
- MNDY has shown strong momentum with a steady climb in price backed by solid volume, indicating continued interest in tech stocks.
- Consumer Discretionary Sector:
- CHWY has experienced an improved performance with positive price action and strong volume, suggesting a bullish outlook for e-commerce platforms.
- Utilities Sector:
- OOMA and NGNE have depicted moderate performance, with slight upward movements in price but with lower volume indicating less investor interest presently.
- Energy and Materials:
- HNRG reflects positive price movements, demonstrating strong momentum likely supported by upticks in the coal mining sector.
- FEAM has seen minor fluctuations with stable volume, indicating muted interest in the materials sector.
- Other Notables:
- ASTS and SKLZ in the tech and gaming industry segments respectively show considerable bullish trends with recent surges in both price and volume.
Ticker Performance Prediction:
Stocks Likely to Go Up in the Next 2-3 Days:
1. AMGN
2. LLY
3. CHWY
4. ASTS
5. BDX
Strong Bullish Signals:
– AMGN: Consistent volume with positive price movements.
– LLY: High price levels with strong volume support.
– CHWY: Bullish volume spike with price consolidation.
– ASTS: Strong upward price action backed by consistently high volume.
– BDX: Clear price appreciation with increasing volume.
Individual Stock Analysis:
1. Amgen Inc. (AMGN)
Support Levels:
1. $308
2. $306
3. $304
Resistance Levels:
1. $310
2. $312
3. $315
Price Action Predictions (Next 2-3 Days):
– Entry Point: Around $306, near the first key support level.
– Targets:
– Short-Term: $310
– Medium-Term: $312
– Stop-Loss: Below $304
Finviz Price Chart:
2. Eli Lilly and Co. (LLY)
Support Levels:
1. $832
2. $825
3. $820
Resistance Levels:
1. $845
2. $850
3. $860
Price Action Predictions (Next 2-3 Days):
– Entry Point: Near $832, close to key support.
– Targets:
– Short-Term: $845
– Medium-Term: $850
– Stop-Loss: Below $820
Finviz Price Chart:
3. Chewy Inc. (CHWY)
Support Levels:
1. $23.05
2. $22.80
3. $22.50
Resistance Levels:
1. $23.45
2. $23.75
3. $24.00
Price Action Predictions (Next 2-3 Days):
– Entry Point: Around $23.05
– Targets:
– Short-Term: $23.45
– Medium-Term: $23.75
– Stop-Loss: Below $22.50
Finviz Price Chart:
4. AST SpaceMobile Inc. (ASTS)
Support Levels:
1. $8.90
2. $8.75
3. $8.60
Resistance Levels:
1. $9.20
2. $9.50
3. $9.75
Price Action Predictions (Next 2-3 Days):
– Entry Point: Near $8.90, close to primary support.
– Targets:
– Short-Term: $9.20
– Medium-Term: $9.50
– Stop-Loss: Below $8.60
Finviz Price Chart:
5. Becton Dickinson and Co. (BDX)
Support Levels:
1. $238
2. $237
3. $235
Resistance Levels:
1. $240
2. $242
3. $245
Price Action Predictions (Next 2-3 Days):
– Entry Point: Around $238
– Targets:
– Short-Term: $240
– Medium-Term: $242
– Stop-Loss: Below $235
Finviz Price Chart:
This detailed analysis should provide a robust guide for short-term momentum and swing trading within the sectors and individual stocks. Always consider managing risk effectively, and verify price action in real-time to refine entry, exit, and stop-loss points.