Back to Insights

Continuation Breakout Tuesday 1PM 3/18/2025

March 18, 2025 3 min read

Overall Sector and Industry Analysis:

Datetime Range Analyzed (EST): From the dataset provided, it seems limited data from March 2025 was considered. The recent 10-day trend was prioritized for price and volume analysis, especially focusing on data from March 17th and 18th, 2025.

Sector and Industry Performance Commentary:
1. EV and Tech Sector (PEV, SITM): The Electric Vehicle (EV) and semiconductor sectors represented by PEV and SITM show increased interest, albeit with varying volume metrics. PEV has been fluctuating, without a clear breakout, whereas SITM has shown large upward price movements with robust volume.

  1. Mining and Resources (EXK): EXK indicates active trading with a relatively high volume, yet with a varied price movement indicating both interest and volatility in mining stocks.

  2. Healthcare and Pharmaceuticals (QURE, CARA): Both QURE and CARA exhibit modest volume trading with slight price easing, suggesting a lack of strong sentiment either way in recent sessions.

  3. Energy (RNMBY): Higher volumes in RNMBY showcase robust intra-day movement, possibly driven by macro factors influencing the energy sector.

  4. Miscellaneous Manufacturing (BWMN, ATRO): BWMN indicates flat movement with minimal volume, while ATRO shows a prolonged upward trend over the analyzed period, suggesting underlying bullish sentiment.

Noticeable Trends/Patterns:

  • Volatility in Specific Stocks: SITM and ATRO experience significant price shifts, possibly due to market-specific or stock-specific news.
  • Volume Changes: There are noticeable volume changes in tickers such as EXK and RNMBY, indicating heightened trading activity or speculation.

Ticker Performance Prediction:

Likely to Rise in the Next 2-3 Days:

  • SITM: With aggressive upward movement and recent positive volume, SITM shows strong bullish signals suggestive of continuation.
  • ATRO: Slight upward momentum with increased volume lends credence to further gains.

Strong Bullish Signals:

  • SITM and RNMBY are showing trends that could continue to rise due to both volume and price increases.

Individual Stock Analysis:

1. SITM (SITime Corporation):
Support Levels: 176, 173, 171
Resistance Levels: 178, 180, 183

  • Price Prediction (Next 2-3 Days): Momentum to continue with target movements reaching towards 180, potentially 183 if volume persists.
  • Price Targets for Swing Trade: 178, 180, 183
  • Entry Points: Near 176, watching for confirmation bounce.
  • Stop-Loss Levels: Just below 171
  • Finviz Chart: finviz dynamic chart for  SITM

2. ATRO (Astronics Corporation):
Support Levels: 24.70, 24.50, 24.30
Resistance Levels: 25.10, 25.30, 25.50

  • Price Prediction (Next 2-3 Days): Likely steady growth aiming for resistance levels around 25.10, with an extension to 25.50 under favorable conditions.
  • Price Targets for Swing Trade: 25.10, 25.30, 25.50
  • Entry Points: Around 24.70, with a positive momentum outlook.
  • Stop-Loss Levels: Below 24.30
  • Finviz Chart: finviz dynamic chart for  ATRO

3. RNMBY (Renmin Energy):
Support Levels: 314, 313, 310
Resistance Levels: 316, 318, 320

  • Price Prediction (Next 2-3 Days): Continued volatility with price seeking towards resistance, potential test of 318.
  • Price Targets for Swing Trade: 316, 318, 320
  • Entry Points: Near 314, contingent on stability and volume increase.
  • Stop-Loss Levels: Below 310
  • Finviz Chart: finviz dynamic chart for  RNMBY

These analyses suggest various actions based on current momentum and volumes, highlighting SITM, ATRO, and RNMBY as potential near-term bullish candidates.

Share: