Overall Sector and Industry Analysis:
Datetime Range Analyzed: From 2024-07-21 09:00:00 to 2024-08-20 11:00:00 EST
Based on the past 30 days’ price and volume data, notable trends have emerged in various sectors and industries:
- Technology and Semiconductor Sector:
- Stocks like FN (Fabrinet), ANET (Arista Networks), SMTC (Semtech), and DGII (Digi International) showcased substantial activity.
- FN showed some high activity days and continued fluctuation in both price and volume, indicating active trading and potential upside. ANET experienced significant movement in recent days with bullish momentum.
- Healthcare and Pharmaceuticals:
- LLY (Eli Lilly) and HROW (Harrow Health) showed appreciable volume spikes and upward price trends. LLY particularly had very high volume trades with a strong bullish signal.
- YMAB (Y-mAbs Therapeutics) displayed a steady climb within the analyzed window, showing patterns of accumulation which is a bullish indicator.
- Retail and Consumer Goods:
- ORLY (O’Reilly Automotive) displayed solid activity with a steady price increment.
- HD (Home Depot) and SHW (Sherwin-Williams) also showed positive movements with stable volume, likely to continue their upward trend.
- Financial Technologies and Services:
- PAM (Pampa Energia) and CPRX (Catalyst Pharmaceuticals) experienced periodic high volumes with mixed price actions, hinting at potential volatility.
Ticker Performance Prediction:
Based on the recent 10 days of price and volume development, the following tickers are likely to go up in the next 2-3 days:
- LLY (Eli Lilly):
- Shows a strong bullish signal and accumulation pattern.
- ANET (Arista Networks):
- Continued strong momentum and volume increase, indicating bullish sentiment.
- SMTC (Semtech):
- Gradual price increase with spikes in volume suggesting continuation in upward trend.
- YMAB (Y-mAbs Therapeutics):
- Strong recent price action with increasing volume bullish signals.
Individual Stock Analysis:
LLY (Eli Lilly)
Key Support Levels:
1. $948
2. $950
3. $954
Key Resistance Levels:
1. $964
2. $967
3. $970
Price Action Predictions:
– Next 2-3 Trading Days:
– Expected to test the resistance at $964, if broken might head to $970.
– Price Targets:
– Near-term: $964
– Mid-term: $970
– Entry Point:
– Near $950
– Stop-loss:
– Near $948
Chart:
ANET (Arista Networks)
Key Support Levels:
1. $353
2. $354
3. $355
Key Resistance Levels:
1. $358
2. $359
3. $360
Price Action Predictions:
– Next 2-3 Trading Days:
– Expected to maintain upward momentum, with potential to reach $358 and above.
– Price Targets:
– Near-term: $358
– Mid-term: $360
– Entry Point:
– Near $354
– Stop-loss:
– Near $352
Chart:
SMTC (Semtech)
Key Support Levels:
1. $35.9
2. $36.0
3. $36.2
Key Resistance Levels:
1. $36.7
2. $36.8
3. $37.0
Price Action Predictions:
– Next 2-3 Trading Days:
– Likely to sustain bullish momentum, testing resistance levels at $36.7 and $37.0.
– Price Targets:
– Near-term: $36.7
– Mid-term: $37.2
– Entry Point:
– Near $36.0
– Stop-loss:
– Near $35.8
Chart:
YMAB (Y-mAbs Therapeutics)
Key Support Levels:
1. $12.6
2. $12.7
3. $12.8
Key Resistance Levels:
1. $12.9
2. $13.0
3. $13.1
Price Action Predictions:
– Next 2-3 Trading Days:
– Expected to continue upward testing $12.9 and potentially $13.1.
– Price Targets:
– Near-term: $12.9
– Mid-term: $13.0
– Entry Point:
– Near $12.7
– Stop-loss:
– Near $12.6
Chart:
The above analysis suggests significant trends and potential moves for these stocks within the context of recent trading patterns and market activity. For swing traders, these insights can form the basis of action plans aligning with key levels and momentum signals.