Overall Sector and Industry Analysis
Datetime Range Analyzed (EST): 2024-05-07 to 2024-06-06
Sector and Industry Performance Commentary:
Over the past 30 days, the overall market has experienced varying performances across different sectors. Below, I provide a detailed analysis based on the stocks’ price and volume:
- Healthcare Sector:
- LLY: Lilly showed strong momentum but consolidated in the last 10 days.
- BDX: Becton, Dickinson and Co. maintained a steady upward trend with consistent volume.
- AMGN: Amgen experienced volatility but maintained overall positive momentum.
- Energy Sector:
- HNRG: Hallador Energy faced some sell-offs with volume spikes suggesting distribution.
- FEAM: Follow-Energy showed minimal movement indicating consolidation.
- Technology and Communication:
- CHWY: Chewy demonstrated a bullish pattern with increased volume, indicating accumulation.
- SKLZ: Skillz saw a notable price rise with high volume, suggesting strong buyer interest.
- IRVE, a mining-focused tech stock, showed increased volatility but ended in the green zone.
- Consumer and Retail:
- CHTR: Charter Communications exhibited choppy price actions with no defined trend.
- TANH: Tian Yin Pharmaceuticals faced strong resistance and fluctuated within a narrow range.
- Finance & Real Estate:
- COR: CoreSite Realty showed stable and steady growth, supported by decent volume.
Noticeable Trends or Patterns:
– Bullish Trends: CHWY, SKLZ, BDX, AMGN
– Bearish Trends/Distribution: HNRG
– Consolidation: FEAM, TANH
Ticker Performance Prediction
Likely to Increase in Next 2-3 Days:
– CHWY: Consolidation at higher volumes suggesting upcoming breakout.
– SKLZ: Recent spike supported by substantial volume.
– BDX: Strong and steady price movements supported by consistent volume.
– AMGN: Despite recent volatility, it demonstrates an overall positive trend.
Strong Bullish Signals:
– SKLZ: Notable intraday highs breaking through previous resistance.
– CHWY: Volume-backed upward movements.
– BDX: Sustained closing prices above recent support.
Individual Stock Analysis
CHWY (
)
- Support Levels: $23.30, $22.90, $22.60
- Resistance Levels: $23.90, $24.30, $24.70
- Price Action Prediction: Likely to test resistance at $23.90 with a near-term target of $24.30.
- Price Targets: $23.90, $24.30, $24.70
- Entry Points: Near $23.30 for a safer entry, aggressive entry at $23.50
- Stop-Loss Levels: Below $22.90
SKLZ (
)
- Support Levels: $7.00, $6.90, $6.80
- Resistance Levels: $7.20, $7.40, $7.60
- Price Action Prediction: Expected to rise towards $7.20 with substantial interest shown.
- Price Targets: $7.20, $7.40, $7.60
- Entry Points: Consider entering near $7.00 for less risk.
- Stop-Loss Levels: Below $6.80
BDX (
)
- Support Levels: $238.60, $237.90, $237.20
- Resistance Levels: $239.70, $240.50, $241.40
- Price Action Prediction: Stability expected, aiming towards $239.70
- Price Targets: $239.70, $240.50, $241.40
- Entry Points: Entry near $238.60
- Stop-Loss Levels: Below $237.90
AMGN (
)
- Support Levels: $306.50, $305.50, $304.20
- Resistance Levels: $308.50, $309.70, $310.80
- Price Action Prediction: May retest previous highs around $308.50
- Price Targets: $308.50, $309.70, $310.80
- Entry Points: Near $306.50
- Stop-Loss Levels: Below $305.00