Overall Sector and Industry Analysis:
Datetime Range Analyzed:
From July 29, 2024, to August 27, 2024, in the Eastern Standard Time (EST) zone.
Commentary:
Overall, we have seen a mixed performance across various sectors and industries in the last 30 days. During the last 10 days, there are clear indications of increased volume and price movements which suggest potential short-term momentum opportunities. Key sectors of interest include Technology, Consumer Discretionary, Healthcare, and Financials.
Technology Sector: Major stocks like ADBE, ADSK, NOW, and CRM have shown significant trading volumes and price movements, indicating institutional interest. ADBE and ADSK in particular have shown strength in the last 10 days with consistent upward price action.
Consumer Discretionary Sector: Stocks such as RACE and NFLX have noticeable upward momentum with consistent high volumes. NFLX after consolidating is showing potential signs of a breakout.
Healthcare Sector: REGN and LLY have shown bullish trends, although RMD showed some consolidation over the last few days but a potential for a breakout.
Financial Sector: MKL and ACN have displayed consistent price increases with accompanying volume, suggesting possible bullish outcomes.
Ticker Performance Prediction:
Based on recent price and volume developments:
– Likely to Go Up in the Next 2-3 Days: ADBE, ADSK, NOW, RACE, NFLX, REGN, MKL
– Strong Bullish Signals: ADBE, ADSK, NOW, RACE
Individual Stock Analysis:
1. ADBE
- Key Support Levels: $564, $560, $558
- Key Resistance Levels: $568, $570, $575
Price Action Predictions:
– Next 2-3 Trading Days: Expecting an upward movement touching $570.
– Swing Targets: Near $568 and $570.
– Entry Points: Near $564.
– Stop-Loss Level: $555
2. ADSK
- Key Support Levels: $257, $255, $253
- Key Resistance Levels: $260, $262, $265
Price Action Predictions:
– Next 2-3 Trading Days: Likely to test $262 resistance.
– Swing Targets: Near $260 and $262.
– Entry Points: Near $257.
– Stop-Loss Level: $252
3. NOW
- Key Support Levels: $829, $827, $825
- Key Resistance Levels: $835, $838, $840
Price Action Predictions:
– Next 2-3 Trading Days: Might go up towards $838.
– Swing Targets: Near $835 and $838.
– Entry Points: Near $829.
– Stop-Loss Level: $824
4. RACE
- Key Support Levels: $489, $487, $485
- Key Resistance Levels: $491, $493, $495
Price Action Predictions:
– Next 2-3 Trading Days: Possible movement towards $493.
– Swing Targets: Near $491 and $493.
– Entry Points: Near $489.
– Stop-Loss Level: $485
5. NFLX
- Key Support Levels: $701, $698, $695
- Key Resistance Levels: $705, $708, $710
Price Action Predictions:
– Next 2-3 Trading Days: Expected to move towards $708.
– Swing Targets: Near $705 and $708.
– Entry Points: Near $701.
– Stop-Loss Level: $695
6. REGN
- Key Support Levels: $1199, $1197, $1195
- Key Resistance Levels: $1202, $1204, $1206
Price Action Predictions:
– Next 2-3 Trading Days: Likely to test $1204 resistance.
– Swing Targets: Near $1202 and $1204.
– Entry Points: Near $1199.
– Stop-Loss Level: $1195
7. MKL
- Key Support Levels: $1572, $1570, $1568
- Key Resistance Levels: $1580, $1582, $1585
Price Action Predictions:
– Next 2-3 Trading Days: Expected to trend upwards towards $1582.
– Swing Targets: Near $1580 and $1582.
– Entry Points: Near $1572.
– Stop-Loss Level: $1568
This analysis blends recent technical signs indicated in the price-volume data with levels to watch for potential entry and exits. Exercise caution and stay updated with market conditions.