Continuation Breakout Tuesday 12PM 9/24/2024

Overall Sector and Industry Analysis:

Date Range Analyzed: August 15, 2024, to September 24, 2024 (EST)

In the past 30 days, the price and volume analysis of various stocks provided insights into the broader sector and industry performance. Here’s a summary of the performance:

1. Technology Sector:
   • NGD, a software company, displayed considerable volume surges with higher closing prices indicating bullish sentiment.
   • COHR and APP also showed gains, suggesting a positive trend in the broader tech sector.
2. Retail Sector:
   • RETL saw steady volume with modest gains in closing prices, indicating a stable performance.
   • TSCO showed an upward trend albeit with mixed trading sessions.
3. Industrial Sector:
   • HTZ and FDX indicated strong performances with high volumes and upward trends.
   • CAT showcased reliable growth in price but with some volatility.
4. Healthcare Sector:
   • TSE and BTOG showed significant volume spikes, reflecting potential buying interest but mixed price actions.
5. Real Estate Sector:
   • DLR demonstrated steady volume with a stable increase in share price, signaling investor confidence.

Ticker Performance Prediction:

Based on recent trends and the volume-pricing relationship, the following tickers are predicted to likely go up in the next 2-3 days:
1. NGD (Strong bullish signals due to high volume spikes and consistent closing highs)
2. COHR (Bullish trends due to price consolidation and volume support)
3. FDX (Steady upward movement with high trading volumes)
4. APP (Consistent gains supported by volume)
5. TSE (Notable upward movement in volumes leading price)

Individual Stock Analysis:

NGD (New Gold Inc.)

• Support Levels:
  1. $3.14
  2. $3.12
  3. $3.10
• Resistance Levels:
  1. $3.20
  2. $3.22
  3. $3.23
• Price Action Prediction:
  • Next 2-3 trading days: Likely to test resistance at $3.22 then $3.23.
  • Price Targets:
  • Immediate: $3.23, $3.25
  • Near-Term: $3.28 based on daily ATR
  • Entry Points: Around $3.14-$3.12
  • Stop-Loss: Near $3.10
• Price Chart:

COHR (Coherent Inc.)

• Support Levels:

  1. $89.34
  2. $88.25
  3. $87.50
• Resistance Levels:
  1. $90.32
  2. $90.73
  3. $91.00
• Price Action Prediction:
  • Next 2-3 trading days: Expected to retest $90.73, possible breakout towards $91.00.
  • Price Targets:
  • Immediate: $90.73, $91.00
  • Near-Term: $92.00 based on daily ATR
  • Entry Points: Around $89.34-$88.25
  • Stop-Loss: Near $87.50
• Price Chart:

FDX (FedEx Corporation)

• Support Levels:

  1. $264.37
  2. $259.12
  3. $263.56
• Resistance Levels:
  1. $266.53
  2. $266.98
  3. $267.17
• Price Action Prediction:
  • Next 2-3 trading days: Expected to challenge the resistance at $266.98, moving towards $267.17.
  • Price Targets:
  • Immediate: $266.98, $267.17
  • Near-Term: $268.50 based on daily ATR
  • Entry Points: Around $264.37-$263.56
  • Stop-Loss: Near $259.12
• Price Chart:

APP (AppLovin Corporation)

• Support Levels:

  1. $126.90
  2. $125.95
  3. $126.50
• Resistance Levels:
  1. $128.76
  2. $129.73
  3. $130.39
• Price Action Prediction:
  • Next 2-3 trading days: Expected to test and potentially breach $129.73 moving towards $130.39.
  • Price Targets:
  • Immediate: $129.73, $130.39
  • Near-Term: $131.50 based on daily ATR
  • Entry Points: Around $126.90-$125.95
  • Stop-Loss: Near $125.50
• Price Chart:

TSE

• Support Levels:

  1. $4.69
  2. $4.61
  3. $4.54
• Resistance Levels:
  1. $4.85
  2. $4.90
  3. $5.00
• Price Action Prediction:
  • Next 2-3 trading days: Likely to test $4.85 then $5.00.
  • Price Targets:
  • Immediate: $4.85, $5.00
  • Near-Term: $5.25 based on daily ATR
  • Entry Points: Around $4.69-$4.61
  • Stop-Loss: Near $4.54

• Price Chart: