Continuation Breakout Tuesday 1PM 6/25/2024

Overall Sector and Industry Analysis:

Date Range Analyzed (EST): May 26, 2024, to June 25, 2024.

Within the data provided, various stocks across multiple sectors and industries were analyzed, revealing specific trends and momentum shifts over the last 30 days. Here are some key observations:

1. Technology Sector:
   • RAPP, CLBT, PANW, APPF, NRIX, KIND, SMR, and ONTO:
     • With the tech sector showing resilience and often being subject to aggressive moves, recent price and volume trends suggest a positive sentiment especially for stocks heavily invested in cybersecurity (like PANW) and cloud-based applications (like APPF).
     • Noticeably, PANW recently showed strong bullish momentum with volumes increasing significantly, suggesting potential continuation in the upward trend.
2. Healthcare and Biotech:
   • SILK, OCUL, ISRG, and SLGL:
     • Mixed performance within this sector; however, ISRG and SILK showed signs of potential continuation in the upward movement due to recent price jumps on decent volume.
     • Healthcare equipment giant ISRG showed consecutive gains with increasing volumes indicating a potential breakout.
3. Consumer Discretionary:
   • CMG and RACE:
     • Both stocks showed slight momentum shifts but appear stable with slight bullish tendencies. CMG’s stock price is somewhat flat but consolidating with a recent bullish tendency.
4. Energy and Utilities:
   • ECX and FTEL:
     • Observed frequent volume spikes, with FTEL showing strong daily ranges indicating volatility which is typical for short-term momentum plays.
5. Financial Sector:
   • Financial stocks like BRLS and EIGRQ showed relatively quiet movements with less volatile shifts compared to other sectors.

Ticker Performance Prediction:

Most Likely to Go Up in the Next 2-3 Days:
1. PANW
2. APPF
3. ISRG
4. SMR
5. CLBT

Strong Bullish Signals Noted:
1. PANW – High trading volumes and price breaking recent resistance levels indicate bullish continuation.
2. ISRG – Consistent uptrend with higher lows and break above resistance.
3. APPF – Sustained uptrend combined with increasing trader interest as seen with volume spikes.

Individual Stock Analysis:

1. Palo Alto Networks, Inc. (PANW) :

Key Support Levels:
– $321.14
– $318.00
– $315.00

Key Resistance Levels:
– $326.00
– $330.00
– $335.00

Price Action Prediction (30-min Chart):
– Expected to push upwards towards $330 in the short term if the volume sustains.
– Likely to encounter some resistance at $326, but a breakout could see it testing $335 within two days.

Entry Points:
– Near $321.14, for better entry cost alignment risk.

Stop-loss:
– $318.00, to secure against downside risk.

2. AppFolio, Inc. (APPF):

Key Support Levels:
– $232.88
– $230.00
– $227.00

Key Resistance Levels:
– $235.00
– $238.00
– $240.00

Price Action Prediction (30-min Chart):
– Likely to test the $235 resistance shortly. Given the current trajectory, $238 and $240 can be immediate targets.

Entry Points:
– Around $232.88 for a higher likelihood of immediate upward momentum.

Stop-loss:
– Close to $230.00.

3. Intuitive Surgical, Inc. (ISRG):

Key Support Levels:
– $434.00
– $431.62
– $430.00

Key Resistance Levels:
– $437.00
– $440.00
– $445.00

Price Action Prediction (30-min Chart):
– Continued upward movement seems promising, with a high probability of testing $437 resistance.

Entry Points:
– Near $434.00, as it offers a good balance of risk/reward scenario.

Stop-loss:
– Should be placed around $431.62 or slightly below.

4. CLBT:

Key Support Levels:
– $11.86
– $11.80
– $11.75

Key Resistance Levels:
– $11.95
– $12.00
– $12.10

Price Action Prediction (30-min Chart):
– Expecting minor resistance at $12.00, a push through could easily see it testing $12.10 and further.

Entry Points:
– About $11.86 to capitalize on the slight dips.

Stop-loss:
– Ideally around $11.80 to minimize potential losses.

5. NuScale Power Corporation (SMR):

Key Support Levels:
– $10.55
– $10.50
– $10.22

Key Resistance Levels:
– $10.87
– $11.00
– $11.13

Price Action Prediction (30-min Chart):
– With strong momentum, might challenge $11.00 resistance soon, with an optimistic view to head towards $11.13.

Entry Points:
– Near $10.55 for tactical positioning.

Stop-loss:
– Around $10.22, under near-term support.

In conclusion, keeping a close eye on the identified stocks with significant momentum and volume trends is crucial for capitalizing on short-term swing trading opportunities. Conducting further due diligence and executing trades aligned with technical analysis and support/resistance levels can help optimize returns while mitigating risks.