Overall Sector and Industry Analysis:
Datetime Range Analyzed:
2024-06-09 to 2024-07-09, Eastern Standard Time (EST)
Commentary:
The overall sector performance for the stocks listed shows a mixed bag with some notable trends based on the last 30 days’ price and volume data. The tech sector, represented by stocks like TSLA and ONTO, has demonstrated substantial bullish momentum, especially in the recent 10 days. On the contrary, healthcare stocks like UNH show a steady, but less aggressive upward trend.
In particular:
– Tech Sector (TSLA, ONTO): Strong momentum is noted, particularly in TSLA, with increasing volume and price movements suggesting sustained bullish sentiment.
– Biotech/Pharma (TVTX, RVNC): Showing signs of recovery with increased volume and slight upward price movements.
– Financials (JPM): Stable performance with slight upward movement.
– Consumer Discretionary (HUYA, TSLA): HUYA shows volatility with a mix of upward and downward spikes.
– Healthcare (UNH, AMWL): Steady growth, with UNH showing a more distinct upward trend compared to AMWL.
– Others (SPEC, ZIMV, REAX): Mixed performance with REAX showing notable upward momentum in recent days.
Ticker Performance Prediction:
Likely to Go Up in the Next 2-3 Days:
– TSLA
– UNH
– JPM
– ONTO
– REAX
Strong Bullish Signals Noted:
– TSLA: Consistent price increase and high volume.
– UNH: Steady price increase with moderate volume.
– ONTO: Strong upward price movement and increasing volume.
– REAX: Recent surge in price and volume.
Individual Stock Analysis:
1. TSLA (Tesla, Inc.)
– Support Levels: $258.71, $256.86, $254.26
– Resistance Levels: $261.73, $261.40, $259.88
– Price Action Prediction (Next 2-3 Days):
– Entry: Around $258.71 or $256.86
– Targets: $261.73, $263.50
– Stop-Loss: Below $254.26
– Chart:
2. UNH (UnitedHealth Group Incorporated)
– Support Levels: $491.69, $490.02, $488.55
– Resistance Levels: $493.25, $493.03, $492.92
– Price Action Prediction (Next 2-3 Days):
– Entry: Around $491.69 or $490.02
– Targets: $493.25, $495.00
– Stop-Loss: Below $488.55
– Chart:
3. JPM (JP Morgan Chase & Co.)
– Support Levels: $207.19, $206.26, $205.62
– Resistance Levels: $208.37, $208.47, $208.33
– Price Action Prediction (Next 2-3 Days):
– Entry: Around $207.19 or $206.26
– Targets: $208.37, $209.50
– Stop-Loss: Below $205.62
– Chart:
4. ONTO (Onto Innovation Inc.)
– Support Levels: $235.55, $234.65, $233.68
– Resistance Levels: $236.64, $238.15, $236.56
– Price Action Prediction (Next 2-3 Days):
– Entry: Around $235.55 or $234.65
– Targets: $238.15, $240.00
– Stop-Loss: Below $233.68
– Chart:
5. REAX (The Real Brokerage Inc.)
– Support Levels: $4.71, $4.715, $4.57
– Resistance Levels: $4.80, $4.7989, $4.755
– Price Action Prediction (Next 2-3 Days):
– Entry: Around $4.71 or $4.715
– Targets: $4.80, $4.85
– Stop-Loss: Below $4.57
– Chart:
Observations and Recommendations:
These selections are based on strong recent momentum and volume activities, which suggest a higher likelihood of continued upward moves in the immediate short term. Traders should place entries near key support levels and be vigilant about setting realistic stop-loss levels to manage risk.