Continuation Breakout Tuesday 1PM 8/27/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed:
For the recent 30 days, the key datetime range analyzed extends from July 28, 2024, to August 27, 2024. The emphasis is laid on the latest 10 days in this analysis, delving deep into the price and volume development of the selected stocks.

Sector and Industry Performance Commentary:
Based on the stocks’ performance data, it seems like the Tech, Healthcare, and consumer sectors have shown significant action.

1. Tech Sector: Stocks like ADI, REGN, ACN, PANW, NFLX, and CRM highlight substantial trading volumes and bullish patterns in recent days. The consistent upward movement and increasing volume, especially in ADI and ACC, underscore positive momentum in the tech sector.

2. Healthcare Sector: Stocks such as LLY and SYK exhibit neutral to bullish patterns. While LLY saw more consistent volume and price climbs, SYK’s movements were moderately steady without significant spikes, suggesting more stable momentum.

3. Industries Related to Consumer Goods: This sector is chiefly represented by stocks like COST and RACE, reflecting bullish trends with consistent upward movements and notable volumes.

Noticeable Trends or Patterns:
– Bullish Surge: Stocks including ADI, CRM, and LLY highlight a bullish surge with increasing volume, indicating strong market interest.

• Volume Spikes: Stocks such as GSUN and BKNG saw exceptional volume spikes, revealing heightened trader interest, possibly due to sectoral news or earnings reports.

Ticker Performance Prediction:

Likely to Increase in the next 2-3 Days:
– ADI
– CRM
– LLY
– COST
– REGN

Strong Bullish Signals:
– ADI: Showing strong volume and price increments.
– CRM: Consistently moving upwards with substantial volume.
– LLY: Witnessed a consistent upward trend supported by solid volumes.

Individual Stock Analysis:

ADI

• Support Levels:
  1. $228.65
  2. $229.78
  3. $230.47
• Resistance Levels:
  1. $230.70
  2. $231.60
  3. $232.00

Price Action Predictions:
On the 30-minute chart, ADI is expected to move towards $231.70 – $232.00, with potential consolidation near the $230.35 support.

Entry Point: Near $229.78 for a possible upside breakout.

Stop-Loss Levels: $228.30

CRM

• Support Levels:
  1. $261.65
  2. $262.00
  3. $262.43
• Resistance Levels:
  1. $262.94
  2. $263.74
  3. $264.50

Price Action Predictions:
CRM is likely to climb towards $264, finding consolidation near $263.20.

Entry Point: Considering entry near $262.00

Stop-Loss Levels: $261.00

LLY

• Support Levels:
  1. $955.88
  2. $955.96
  3. $957.56
• Resistance Levels:
  1. $959.25
  2. $960.00
  3. $962.00

Price Action Predictions:
LLY may move to $960 – $962, given sustained volumes.

Entry Point: Near $955.96

Stop-Loss Levels: $954.50

COST

• Support Levels:
  1. $901.05
  2. $905.24
  3. $905.10
• Resistance Levels:
  1. $910.00
  2. $914.00
  3. $915.00

Price Action Predictions:
COST may approach $914 to $915 with consolidated support near $909.00

Entry Point: Near $905.24 – $905.10

Stop-Loss Levels: $902.00

REGN

• Support Levels:
  1. $1199.50
  2. $1201.14
  3. $1202.02
• Resistance Levels:
  1. $1209.40
  2. $1211.00
  3. $1213.00

Price Action Predictions:
REGN is likely to move towards $1211 – $1213.

Entry Point: Near $1202.02

Stop-Loss Levels: $1198.50

NB: Individual stock predictions are inferred from historical price and volume trends, standard market behavior, and technical patterns observed. Respective stop-loss levels should be adhered to minimize undue losses. Always ensure to cross-reference with up-to-date news or trigger points for more precise predictions.