Overall Sector and Industry Analysis:
Datetime Range Analyzed:
July 31, 2024 – August 29, 2024 (EST)
Based on the price and volume data from the past 30 days, the overall sector and industry performance showcases varying degrees of momentum. Overall, the Technology, Biotech, and Financial sectors have shown notable activity with several stocks seeing sharp movements in price and volume.
Technology Sector:
– Stocks: MSI, MA, IDXX, ZS, TTWO, FN, TEAM, DELL, PANW, HUBS, ZBRA, ISRG
– General Observation: Several tech stocks have moved higher over the past 30 days. A significant number of them have seen increased volume, suggesting a bullish momentum.
Healthcare Sector:
– Stocks: TCBP, IDXX, PDSB, ANAB, PAHC
– General Observation: The healthcare sector has posted mixed performance with TCBP and PDSB showing stronger volume trends, indicative of potential periods of accumulation or distribution. However, steady price increases in IDXX and PAHC suggest bullish momentum.
Financial Sector:
– Stocks: MKL, PNRG
– General Observation: This sector has been steady but showcasing low volume, indicating there is not much buying or selling pressure, potentially entering a consolidation phase.
Consumer Discretionary Sector:
– Stocks: TOL, FTAI
– General Observation: This sector has shown relatively higher volatility with both upward and downward price swings, pointing towards trader interest and active momentum.
Miscellaneous:
– Stocks: ELUT, AGMH, EOLS, SGLY, DFH, PEPG, CRGX, ARQT, FNA
– General Observation: These stocks have shown sporadic movements often driven by company-specific news or events. Volatility remains high as indicated by fluctuating volumes and price changes.
Ticker Performance Prediction:
Likely to rise in the next 2-3 days:
– ZS: Strong bullish price action and high volume indicate sustained upward momentum.
– IDXX: Consistent higher closes with increasing volume hint at a continued uptrend.
– PANW: Increased volume with strong closing prices point towards bullish momentum.
– MA: Steady incremental gains with substantial volume reflect buying pressure.
Strong bullish signals:
– ZS
– IDXX
– PANW
Individual Stock Analysis:
ZS (Zscaler Inc):
Support Levels:
1. $195.80
2. $199.00
3. $199.54
Resistance Levels:
1. $200.77
2. $200.89
3. $201.50
Price Action Prediction (Next 2-3 Days):
– 30-minute Chart: Expect short-term pullback near $199.00 before a push towards $200.77.
– Price Targets: Immediate – $200.77; Swing – $201.50
– Entry Points: Near $199.54 (Support Zone)
– Stop-loss Levels: Near $195.80
IDXX (IDEXX Laboratories Inc):
Support Levels:
1. $485.74
2. $486.56
3. $490.28
Resistance Levels:
1. $491.53
2. $492.02
3. $495.00
Price Action Prediction (Next 2-3 Days):
– 30-minute Chart: Likely to trend upwards, with temporary resistance at $491.53.
– Price Targets: Immediate – $491.53; Swing – $495.00
– Entry Points: Around $490.28 if it holds as support.
– Stop-loss Levels: Close to $485.74
PANW (Palo Alto Networks Inc):
Support Levels:
1. $352.92
2. $362.34
3. $362.71
Resistance Levels:
1. $365.63
2. $366.05
3. $370.00
Price Action Prediction (Next 2-3 Days):
– 30-minute Chart: Continuation of uptrend expected, especially if it stays above $362.71.
– Price Targets: Immediate – $365.63; Swing – $370.00
– Entry Points: Near $362.71
– Stop-loss Levels: Just below $352.92
MA (MasterCard Inc):
Support Levels:
1. $474.47
2. $477.07
3. $478.22
Resistance Levels:
1. $479.55
2. $479.58
3. $481.00
Price Action Prediction (Next 2-3 Days):
– 30-minute Chart: Slow upward trend with significant movement above $478.22.
– Price Targets: Immediate – $479.55; Swing – $481.00
– Entry Points: Near $477.07 support.
– Stop-loss Levels: Slightly below $474.47
With these analyses, focus on entry points near support levels and place stop-loss orders strategically to minimize downside risks. Keep abreast of any market-moving news and adjust strategies accordingly.