Back to Insights

Continuation Breakout Tuesday 3PM 6/25/2024

June 25, 2024 2 min read

Overall Sector and Industry Analysis:

Datetime Range Analyzed:
June 25, 2024 to July 25, 2024 (EST)

Commentary on Overall Sector and Industry Performance:

  1. Technology and Semiconductor Sector:
    Stocks such as ACLS, APPF, ONTO, and HIMX have shown fluctuations in price along with varying volumes, suggesting volatile interest. ACLS and ONTO experienced higher trading volumes with price consolidation at higher levels, indicating potential bullish momentum. HIMX showed a dip on June 25, which might be a sign of short-term retracement.

  2. Biotechnology and Health Sector:
    REGN, SLGL, NRIX, and ISRG from this sector displayed mixed performance. REGN maintained high prices with continuous volume, hinting at sustained investor interest. SLGL exhibited low volume, indicating lack of strong movement or interest. NRIX and ISRG showed steady gains with sporadic volume spikes.

  3. Consumer Goods Sector:
    Companies like ELF and CMG have demonstrated upward price movements with consistent volume, marking potential bullish sentiment in these industries.

  4. Industrial Sector:
    Stocks such as CHSN and COE have shown stable prices but with moderate volume, indicating no significant short-term movements.

  5. Financial Sector:
    No significant entries were observed in this sector.

Individual Ticker Performance Prediction:

  1. Likely to Go Up in Next 2-3 Days:
  • ACLS: Continuous higher highs with increasing volume.
  • ONTO: Stable high price with increasing volume.
  • ISRG: Momentum with significant volume spikes.
  • CMG: Consistent upward trend with volume support.
  • ELF: Bullish price action with moderate volume.
  1. Strong Bullish Signals:
    • ACLS
    • ONTO
    • ISRG

Individual Stock Analysis:

  1. ACLS

    • Support Levels: 138, 140, 142
    • Resistance Levels: 143, 145, 148

    Price Action Prediction (Next 2-3 days):

    • Target Price 1: $143
    • Target Price 2: $145
    • Enter at: $139
    • Stop-loss: $137
    finviz dynamic chart for  ACLS
  2. ONTO

    • Support Levels: 217, 218, 219
    • Resistance Levels: 220, 221, 223

    Price Action Prediction (Next 2-3 days):

    • Target Price 1: $220
    • Target Price 2: $221
    • Enter at: $218
    • Stop-loss: $216
    finviz dynamic chart for  ONTO
  3. ISRG

    • Support Levels: 440, 441, 442
    • Resistance Levels: 444, 445, 447

    Price Action Prediction (Next 2-3 days):

    • Target Price 1: $444
    • Target Price 2: $445
    • Enter at: $441
    • Stop-loss: $439
    finviz dynamic chart for  ISRG
  4. CMG

    • Support Levels: 3252, 3265, 3270
    • Resistance Levels: 3275, 3280, 3290

    Price Action Prediction (Next 2-3 days):

    • Target Price 1: $3275
    • Target Price 2: $3280
    • Enter at: $3260
    • Stop-loss: $3245
    finviz dynamic chart for  CMG
  5. ELF

    • Support Levels: 206, 207, 208
    • Resistance Levels: 209, 210, 212

    Price Action Prediction (Next 2-3 days):

    • Target Price 1: $209
    • Target Price 2: $210
    • Enter at: $207
    • Stop-loss: $205
    finviz dynamic chart for  ELF
Share: