Overall Sector and Industry Analysis
Datetime Range Analyzed: June 26, 2024 – July 25, 2024 (Data up to July 25, 2024, 14:00 PM EST)
Analyzing a diverse set of stocks over the last 30 days, we see various sector and industry trends based on recent price and volume changes. Here are some noticeable points:
- Technology Sector: Stocks like ACN, CDW, TXG, and DOMO have shown consistent movement with mixed volume spikes, indicative of either large positions being taken or profit-taking. Notably, ACN and TXG have experienced price consolidation, which might be a precursor to a significant move.
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Healthcare & Biotech Sector: Stocks such as MNMD, BEAM, KRYS, and SBAC show varying levels of bullish momentum. The volume data, particularly for KRYS, suggests strengthening positions, while MNMD shows volatility which can be bullish for swing traders.
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Industrial & Financial Sector: Stocks including JBHT, HCAT, and NSC show a trend of general volume increase and stable price movement, indicative of steady accumulation. NSC particularly saw price appreciation alongside volume spikes, suggesting investor optimism.
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Consumer Discretionary Sector: PLRX, AUTL, and RUN demonstrate sustained interest with frequent price fluctuation, suggesting operational news or speculative trading driving these stocks.
Ticker Performance Prediction
Based on the 1-5 day momentum swing trading strategy, the following tickers show promising bullish tendencies and are likely to go up in the next 2-3 days due to strong signals:
- KRYS: The stock shows a consistent uptrend with increasing volume, suggesting strong bullish momentum.
- RUN: There is an observable bullish breakout above resistance levels.
- ACN: Consolidation near highs with accumulating volume, priming for a breakout.
Individual Stock Analysis
KRYS
1. Key Support Levels:
– $207.48
– $207.00
– $206.00
2. Key Resistance Levels:
– $209.74
– $210.00
– $212.00
Price Action Predictions:
– On the 30-minute chart, expect the stock to retest $209.74 with potential to break towards $212.00.
Price Targets for 1-3 Day Swing:
– Target 1: $210.00
– Target 2: $212.00
Entry Points:
– Near $207.48 on a pullback
Stop Loss Level:
– Near $206.00
RUN
1. Key Support Levels:
– $17.90
– $17.80
– $17.72
2. Key Resistance Levels:
– $18.25
– $18.50
– $18.75
Price Action Predictions:
– On the 30-minute chart, expect the stock to consolidate above $18.00 and aim for a breakout towards higher resistance at $18.25 and possibly $18.50.
Price Targets for 1-3 Day Swing:
– Target 1: $18.25
– Target 2: $18.50
Entry Points:
– Near $17.90 on a pullback
Stop Loss Level:
– Near $17.72
ACN
1. Key Support Levels:
– $332.80
– $331.50
– $330.00
2. Key Resistance Levels:
– $335.69
– $336.50
– $338.00
Price Action Predictions:
– On the 30-minute chart, likely to test $335.69 with a potential breakout towards $336.50.
Price Targets for 1-3 Day Swing:
– Target 1: $336.50
– Target 2: $338.00
Entry Points:
– Near $332.80 on a pullback
Stop Loss Level:
– Near $330.00
For more details on each trading idea and to follow the market trends, be sure to routinely check historical performance and adapt as new data comes in. Happy Trading!