Overall Sector and Industry Analysis
Date Time Range:
Analyzed from 2024-09-01 to 2024-09-30, Eastern Standard Time (EST).
The stocks analyzed represent a diverse array of sectors including technology, manufacturing, energy, pharmaceuticals, and consumer goods. Examining the data over the past 30 days, we observe certain key trends and performances in both price and volume.
Sector Performance:
1. Technology (API, IPW, SE):
* Notable movements especially in high-volume trading days; generally positive bull runs in the past week.
* SE showed a strong uptrend with higher volume, suggesting strong investor interest.
* IPW had a healthy price movement with a consistent increase in both price and trading volume.
- Energy (PNRG, NOC):
- PNRG exhibited significant price spikes with higher volume ensuring potential bullish movement.
- NOC showed stability with steady upward price movements and volume increases.
- Manufacturing (CMI, GFR):
- CMI saw steady gains with multiple touches at higher support levels.
- GFR had an incremental increase in both price and trading volume, signaling potential upward momentum.
- Pharmaceuticals and Biotechnology (PMEC, ARTV, GOSS):
- PMEC and GOSS had variable movements but overall maintained moderate bullish positions.
- ARTV experienced some volatility but ended positively, suggesting buyer interest dominating.
- Consumer Goods (FIH, FIGS, AUST):
- FIGS maintained a mild uptrend with consistent closing values above opening prices.
- AUST exhibited strong price action movements over the last 10 days, potentially leading to bullish runs.
Ticker Performance Prediction
Likely to Go Up in 2-3 Days:
1. SE (Industral & Technology)
* Strong bullish signals from increased volume and price.
- PNRG (Energy)
- Sustained upward momentum with increased trading volume.
- AUST (Consumer Goods)
- Higher highs indicate continuation of the bullish trend.
Individual Stock Analysis
SE (Industral & Technology)
Support Levels:
1. $95.00
2. $96.00
3. $96.50
Resistance Levels:
1. $97.80
2. $98.00
3. $98.50
Price Action Prediction (Next 2-3 days):
– Expect upward momentum to continue with possible price movements close to $97 – $98.50.
– Entry near $96.00 – $96.50 (key support).
– Potential targets: $97.50, $98.00, $98.50.
– Stop-loss near $95.00.
Chart:
PNRG (Energy)
Support Levels:
1. $139.00
2. $140.00
3. $140.50
Resistance Levels:
1. $144.00
2. $145.00
3. $146.00
Price Action Prediction (Next 2-3 days):
– Bullish momentum expected to prevail moving towards $145 – $146.
– Suggested entry near $139.50 – $140.00.
– Targets: $144.00, $145.00, $146.00 based on ATR movements.
– Stop-loss placed near $138.00.
Chart:
AUST (Consumer Goods)
Support Levels:
1. $1.18
2. $1.19
3. $1.20
Resistance Levels:
1. $1.21
2. $1.22
3. $1.23
Price Action Prediction (Next 2-3 days):
– Anticipate further upward movement approaching the $1.21-$1.23 range.
– Ideal entry at $1.19 – $1.20 (close to support zones).
– Price targets: $1.21, $1.22, $1.23.
– Stop-loss at $1.17.
Chart:
Conclusion
These stocks demonstrate promising upward moments based on their recent 10 days’ price and volume performances. Each has specific support and resistance levels that provide a good entry, target, and stop levels for short-term swing trades over the next 2-3 trading days. Employing this strategic approach should yield profitable trades in the identified tickers.