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Continuation Breakout Tuesday 3PM 10/01/2024

October 1, 2024 4 min read

Overall Sector and Industry Analysis:

Datetime Range:
Data analyzed from 2024-09-01 to 2024-10-01 (EST).

The overall performance across sectors and industries from the compiled data of various stocks indicates a mixed sentiment over the past 30 days, with noticeable momentum shifts in the last 10 days. Here’s a deeper dive into each sector and the noticeable trends:

  1. Technology:
    • Stocks included: SE, BILI, API
    • Trend Analysis: Mixed signals with both upward and downward price movements. Volume spikes suggest high volatility in the tech sector.
    • SE: Narrow trading range but with episodes of high volume indicating a wait-and-watch mode for large players.
    • BILI: Consistently increasing volume with upward price trajectory points towards bullish sentiment.
    • API: Moderate increase in both price and volume, showcasing potential interest from traders.
  2. Energy:
    • Stocks included: CEG, PNRG
    • Trend Analysis: Overall positive movement in the energy sector. Higher closing prices and consistent volume imply a bullish trend.
    • CEG: Strong uptrend shown with consistent volume; indicates robust investor confidence.
    • PNRG: Less volatile but trending upwards, although with lower volume, implying potential for a breakout.
  3. Healthcare:
    • Stocks included: LBPH, GOSS
    • Trend Analysis: Healthcare stocks seem to exhibit a mixed sentiment with varied price actions.
    • LBPH: Volume and price show hesitancy, potentially priming for a breakout.
    • GOSS: Slight bullish movement, maintaining support levels.
  4. Consumer Discretionary:
    • Stocks included: JD, DE, TSCO, PDD, MLCO
    • Trend Analysis: Strong performance overall, with increased volume and higher closing prices.
    • JD: Price increasing with volume support indicating upward momentum.
    • DE: Gradual uptrend supported by consistent volume.
    • TSCO: Consistently climbing, followed by high volume.
    • PDD: Recent surge in volume and significant price gain.
    • MLCO: Similar trend as PDD, indicating bullish prospects.
  5. Industrial:
    • Stocks included: AMP, GWW, SL, POWL, CMI
    • Trend Analysis: Mixed signals with varying degrees of volume.
    • AMP: High volume with marginal price increases augur well for possible uptrend.
    • GWW: Stable but lacking significant volume push.
    • SLRN: Gradual increase in volume with stable prices indicating support.
    • POWL: Price increasing with volume, making it an interesting pick.
    • CMI: Price hikes supported by volume suggesting bullish tendencies.

Ticker Performance Prediction:

  1. Likely to Go Up in the Next 2-3 Days:
    • BILI, CEG, PDD, TSCO, JD
  2. Strong Bullish Signals:
    • BILI: Consistent volume and significant price gain.
    • CEG: Strong uptrend with robust volume.
    • PDD: Noticeable surge in volume and price.

Individual Stock Analysis:

BILI Analysis:

  • Support Levels:
    • Support Level 1: $25.10
    • Support Level 2: $24.80
    • Support Level 3: $24.50
  • Resistance Levels:
    • Resistance Level 1: $26.50
    • Resistance Level 2: $27.00
    • Resistance Level 3: $27.50
  • Price Action Prediction:
    • Likely to consolidate near $26.00 before an upward breakout towards $27.50.
    • Entry: $25.10 (near support)
    • Stop-Loss: $24.80
  • Price Targets:
    • Near-Term Target: $26.50
    • Mid-Term Target: $27.00
    • Long-Term Target: $27.50
finviz dynamic chart for  BILI

CEG Analysis:

  • Support Levels:
    • Support Level 1: $260.00
    • Support Level 2: $258.00
    • Support Level 3: $256.00
  • Resistance Levels:
    • Resistance Level 1: $266.00
    • Resistance Level 2: $268.00
    • Resistance Level 3: $270.00
  • Price Action Prediction:
    • Strong movement towards $266.00 with potential to hit $270.00.
    • Entry: $260.00
    • Stop-Loss: $258.00
  • Price Targets:
    • Near-Term Target: $266.00
    • Mid-Term Target: $268.00
    • Long-Term Target: $270.00
finviz dynamic chart for  CEG

PDD Analysis:

  • Support Levels:
    • Support Level 1: $142.50
    • Support Level 2: $141.00
    • Support Level 3: $139.50
  • Resistance Levels:
    • Resistance Level 1: $145.00
    • Resistance Level 2: $146.50
    • Resistance Level 3: $148.00
  • Price Action Prediction:
    • Expected to push towards $145.00 with potential higher to $148.00.
    • Entry: $142.50
    • Stop-Loss: $141.00
  • Price Targets:
    • Near-Term Target: $145.00
    • Mid-Term Target: $146.50
    • Long-Term Target: $148.00
finviz dynamic chart for  PDD

TSCO Analysis:

  • Support Levels:
    • Support Level 1: $292.50
    • Support Level 2: $291.00
    • Support Level 3: $290.00
  • Resistance Levels:
    • Resistance Level 1: $296.00
    • Resistance Level 2: $297.50
    • Resistance Level 3: $299.00
  • Price Action Prediction:
    • Consolidation near $294.00 followed by an upward trend towards $299.00.
    • Entry: $292.50
    • Stop-Loss: $291.00
  • Price Targets:
    • Near-Term Target: $296.00
    • Mid-Term Target: $297.50
    • Long-Term Target: $299.00
finviz dynamic chart for  TSCO

JD Analysis:

  • Support Levels:
    • Support Level 1: $41.80
    • Support Level 2: $41.50
    • Support Level 3: $41.20
  • Resistance Levels:
    • Resistance Level 1: $43.00
    • Resistance Level 2: $43.50
    • Resistance Level 3: $44.00
  • Price Action Prediction:
    • Likely to see continued upward momentum towards $43.50.
    • Entry: $41.80
    • Stop-Loss: $41.50
  • Price Targets:
    • Near-Term Target: $43.00
    • Mid-Term Target: $43.50
    • Long-Term Target: $44.00
finviz dynamic chart for  JD

This comprehensive yet succinct analysis should help readers understand recent trends and key levels for potential trades.

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