Overall Sector and Industry Analysis:
Datetime Range Analyzed (EST):
From 2024-05-28 to 2024-06-26.
Overall Sector and Industry Performance:
Based on the data from the past 30 days, the technology and software sectors presented robust activity, with noticeable bullish behavior particularly over the last 10 days. This is evident from the overall upward trends in stocks like ANET, WDAY, NOW, and CRM. Notably, the volume has supported these price movements, indicating a healthy market consensus on the rising trend in these sectors.
The cybersecurity and cloud computing sectors, shown in stocks like NOW and WDAY, have seen sustained interest, potentially due to ongoing demand for security and digital transformation solutions. Consumer technology companies like MSFT and CRM also exhibited strong performance, buoyed by solid earnings reports and optimistic forward guidance.
In contrast, the semiconductor sector (noted from stocks like SNPS) and industrial goods (indicated by stocks like NOC) have displayed stability but lacked the momentum seen in pure tech plays. Small-cap stocks like EVTV and BON demonstrated high volatility, typical of their market segment, but recent spikes could suggest speculative trades or upcoming catalysts.
Ticker Performance Prediction:
Based on the recent 10 days of data, the following stocks are likely to go up in the next 2-3 days:
- ANET (Arista Networks)
- WDAY (Workday)
- NOW (ServiceNow)
- CRM (Salesforce)
These stocks have shown strong bullish signals with increasing price trends and volume upticks, indicating strong buying interest.
Individual Stock Analysis:
ANET (Arista Networks)
Support Levels:
1. $340.00 (recent low)
2. $345.00 (previous consolidation area)
3. $350.00 (psychological level)
Resistance Levels:
1. $355.00 (recent high)
2. $360.00 (previous high in the last 30 days)
3. $365.00 (extended target)
Price Action Predictions (30-minute Chart):
– Predicted movement towards $355 initially; if broken, could reach $360.
– Watch for consolidation near $350 for potential reentry.
Price Targets for 1-3 Day Swing:
– First Target: $355
– Second Target: $360
– Third Target: $365
Entry & Stop-Loss Levels:
– Entry near $345; Stop-Loss at $340.
Finviz Chart:
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WDAY (Workday)
Support Levels:
1. $218.00 (recent consolidation)
2. $220.00 (psychological level)
3. $222.00 (higher support zone)
Resistance Levels:
1. $225.00 (previous high)
2. $230.00 (next psychological level)
3. $235.00 (extended target)
Price Action Predictions (30-minute Chart):
– Movement towards $225 in the short term; could see $230 if momentum continues.
Price Targets for 1-3 Day Swing:
– First Target: $225
– Second Target: $230
– Third Target: $235
Entry & Stop-Loss Levels:
– Entry near $220; Stop-Loss at $218.
Finviz Chart:
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NOW (ServiceNow)
Support Levels:
1. $765.00 (short-term support)
2. $770.00 (stronger support zone)
3. $775.00 (higher level support)
Resistance Levels:
1. $780.00 (recent peak)
2. $785.00 (previous high)
3. $790.00 (next level resistance)
Price Action Predictions (30-minute Chart):
– Short-term move towards $780; can extend to $785 with good momentum.
Price Targets for 1-3 Day Swing:
– First Target: $780
– Second Target: $785
– Third Target: $790
Entry & Stop-Loss Levels:
– Entry near $770; Stop-Loss at $765.
Finviz Chart:
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CRM (Salesforce)
Support Levels:
1. $248.00 (recent consolidation)
2. $250.00 (psychological level)
3. $252.00 (higher support level)
Resistance Levels:
1. $255.00 (recent high)
2. $260.00 (next psychological resistance)
3. $265.00 (higher target)
Price Action Predictions (30-minute Chart):
– Price movement aiming for $255 initially; momentum carrying forward can see $260.
Price Targets for 1-3 Day Swing:
– First Target: $255
– Second Target: $260
– Third Target: $265
Entry & Stop-Loss Levels:
– Entry near $250; Stop-Loss at $248.
Finviz Chart:
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These analyses are derived from trends observed in recent data, and traders should remain vigilant for sudden market changes or news that might impact these predictions.