Overall Sector and Industry Analysis
Datetime Range in EST Analyzed: August 25, 2024, to September 24, 2024
Commentary on Overall Sector and Industry Performance
Technology Sector:
– AMD (Semiconductors) & NVDA (Semiconductors): Both AMD and NVDA have shown strong volumes and trending volumes. With a notable uptick in the last 10 days, they appear to be strengthening. NVDA, in particular, shows heavier trading volumes, indicating increased investor interest.
– QQQ (Tech ETF): QQQ reflects broad tech sector sentiment. Holding relatively steady with minor fluctuations, implying sector stability.
Consumer Discretionary:
– NFLX (Entertainment): Despite minor daily fluctuations, NFLX shows stable momentum, with consistent volume suggesting investor confidence.
– MAR (Hotels/Resorts): MAR’s stable growth over the last 10 days with increasing volumes indicates strong investor sentiment.
Health Care:
– BNTX (Biotech): BNTX has had notable price spikes followed by corrections, but its increased trading volumes imply strong interest.
– OMIC (Biotech): Shows increased volatility with rising volumes in the past 10 days, which could imply upcoming price movements.
Financials:
– JLL (Real Estate): Consistent performance and slight uptrend over the past 10 days with moderate volumes indicate a steady rise.
Energy:
– NGD (Mining): Reflects a steady price trend with consistent volume, indicative of a balanced market sentiment.
Ticker Performance Prediction
Likely to go Up in the Next 2-3 Days:
– NVDA: Strong bullish indicators with rising volumes.
– AMD: Consistent upward trend with stable volume.
– FLICT (Fiserv): Overall tech stability reflected in FISV, with strong volumes.
– MAR: Consistent performance, indicating low risk.
– BNTX: Increased volumes suggest potential break-out.
– QQQ: Reflects underlying tech sector strength.
Individual Stock Analysis
NVDA
- Support Levels:
- $120.00
- $119.00
- $118.00
- Resistance Levels:
- $121.50
- $122.00
- $123.00
- Price Action (30-min chart prediction):
- Expected rally towards $123.00, with initial consolidation around $121.50.
- Entry Point: Around $120.00
- Price Targets: $121.50, $122.50, $123.00
- Stop-Loss: Near $118.00
- Chart:
AMD
- Support Levels:
- $158.20
- $157.50
- $156.80
- Resistance Levels:
- $159.50
- $160.00
- $161.00
- Price Action (30-min chart prediction):
- Likely move towards $160.50 with consolidation near $159.50.
- Entry Point: Around $158.20
- Price Targets: $159.50, $160.50, $161.00
- Stop-Loss: Near $156.80
- Chart:
MAR
- Support Levels:
- $245.00
- $244.50
- $243.90
- Resistance Levels:
- $246.50
- $247.00
- $247.50
- Price Action (30-min chart prediction):
- Expected rise towards $247.00 with initial resistance at $246.50.
- Entry Point: Around $245.00
- Price Targets: $246.50, $247.00, $247.50
- Stop-Loss: Near $243.90
- Chart:
BNTX
- Support Levels:
- $118.00
- $117.50
- $116.80
- Resistance Levels:
- $119.50
- $120.00
- $121.00
- Price Action (30-min chart prediction):
- Expected uptrend towards $120.00 with resistance at $119.50.
- Entry Point: Around $118.00
- Price Targets: $119.50, $120.00, $121.00
- Stop-Loss: Near $116.80
- Chart:
QQQ
- Support Levels:
- $485.00
- $484.50
- $484.00
- Resistance Levels:
- $486.00
- $487.00
- $488.00
- Price Action (30-min chart prediction):
- Likely test to $487.00, with initial resistance at $486.00.
- Entry Point: Around $485.00
- Price Targets: $486.00, $487.00, $488.00
- Stop-Loss: Near $484.00
- Chart:
By focusing on these levels and monitoring the volume profile, traders may find favorable opportunities for short-term momentum gains.