Overall Sector and Industry Analysis:
Date and Time Range Analyzed:
From: 2024-05-28 To: 2024-06-27, in Eastern Standard Time (EST)
The stocks analyzed span across various sectors and industries, giving a broad view of the current market landscape. A few noticeable observations include:
- Technology Sector: Notable tickers include WDAY, NOW, MANH, INTU, CRM, ANET, and OLLI. This sector shows robust activity with generally increasing price trends and significant trading volume.
-
Energy Sector: Specifically EVGO & EVTV, displaying mixed reactions. EVGO shows a recent uptick with significant volume in the last trading hours.
-
Consumer Goods and Services: CASI shows strong bullish movement in the last week.
-
Industrial and Equipment: BON and NOC indicate moderate but stable trends.
Notable Trends and Patterns:
- Technology: Strong upward trend across multiple stocks suggests overall sector strength. WDAY, NOW, and CRM in particular show consistent gains.
- Energy: EVGO’s repeated volume spikes indicate high market interest.
- Consumer Goods: CASI shows a rapid climb, likely fueling interest for short-term trades.
Ticker Performance Prediction
Likely to Go Up in the Next 2-3 Days:
- WDAY: Strong bullish momentum.
- NOW: Uptrend supported by consistent volume.
- MANH: Recent price spike with increasing volume.
- EVGO: Steady upward climb with high volume.
- CASI: Remarkable bullish run.
- CRM: Consistent daily gains.
Strong Bullish Signals:
- WDAY
- NOW
- CASI
- EVGO
Individual Stock Analysis
Workday Inc (WDAY)
- Support Levels: $220, $218, $216
- Resistance Levels: $224, $228, $230
Price Action Prediction:
Expect consolidation around $222.50 before a breakout towards $224 in the next trading session.
- Entry Points: Near $220
- Targets: $224, $228
- Stop-loss: Below $218
ServiceNow Inc (NOW)
- Support Levels: $770, $760, $755
- Resistance Levels: $780, $785, $790
Price Action Prediction:
Possible retest of $776 before trying to move towards $780.
- Entry Points: Near $770
- Targets: $780, $785
- Stop-loss: Below $760
Manhattan Associates Inc (MANH)
- Support Levels: $245, $242, $240
- Resistance Levels: $252, $255, $258
Price Action Prediction:
Stabilize around $250.00, push towards $252-$255 on next signal.
- Entry Points: Near $248
- Targets: $252, $255
- Stop-loss: Below $245
EVgo Inc (EVGO)
- Support Levels: $2.35, $2.30, $2.25
- Resistance Levels: $2.45, $2.50, $2.55
Price Action Prediction:
Steady climb towards $2.50, limited pullback anticipated.
- Entry Points: Near $2.35
- Targets: $2.45, $2.50
- Stop-loss: Below $2.30
CASI Pharmaceuticals Inc (CASI)
- Support Levels: $4.30, $4.20, $4.15
- Resistance Levels: $4.65, $4.75, $4.80
Price Action Prediction:
Potential for a direct movement towards $4.65 with minimal retrace to $4.50.
- Entry Points: Near $4.30
- Targets: $4.65, $4.75
- Stop-loss: Below $4.20
Salesforce Inc (CRM)
- Support Levels: $255, $250, $245
- Resistance Levels: $260, $265, $270
Price Action Prediction:
Maintain an upward trajectory towards $260 with consolidation around $257.
- Entry Points: Near $255
- Targets: $260, $265
- Stop-loss: Below $250
Conclusion
The sector analysis indicates a strong Tech sector performance with several stocks showing strong bullish signals. Short-term momentum analysts looking for quick moves should keep an eye on WDAY, NOW, and CASI for potential breakouts. Remember to use appropriate stop-loss settings to manage risk.