Overall Sector and Industry Analysis
Datetime Range Analyzed: May 19, 2024, to June 18, 2024, in Eastern Standard Time (EST).
Sector and Industry Performance
Based on the analyzed data, various sectors have shown different trends over the past 30 days, with particular emphasis over the last 10 days:
- Technology Sector:
- NVIDIA (NVDA), ASML Holding (ASML), Monolithic Power (MPWR):
These stocks have demonstrated significant upward momentum, with NVDA and ASML showing large volumes in recent sessions, hinting at increased investor interest. MPWR showed a sharp uptrend in the last trading session, breaking through resistance.
- NVIDIA (NVDA), ASML Holding (ASML), Monolithic Power (MPWR):
- Healthcare Sector:
- Edwards Lifesciences (EW), Inspire Medical Systems (INSP):
These stocks are experiencing mixed results. EW has seen steady gains due to rising volumes whereas INSP faced some selling pressure, indicating potential short-term weakness.
- Edwards Lifesciences (EW), Inspire Medical Systems (INSP):
- Real Estate Sector:
- Public Storage (PSA), Extra Space Storage (EXR):
Real estate stocks like PSA and EXR have shown fluctuating movements but tended towards stability. PSA has indicated stronger growth potential with higher recent volumes.
- Public Storage (PSA), Extra Space Storage (EXR):
- Consumer Discretionary Sector:
- AppFolio (APPF), United Rentals (URI):
These stocks are showing strong movements, with URI particularly breaking out on high volume, indicating robust investor sentiment.
- AppFolio (APPF), United Rentals (URI):
Noticeable Trends or Patterns
- High Volume Days: Stocks like NVDA, ASML, and URI have seen significant volume spikes in recent trading sessions, suggesting strong market interest.
- Steady Uptrends: Stocks such as MPWR and PSA have shown steady, incremental gains, pointing towards sustained investor confidence.
Ticker Performance Prediction
Likely Gainers in Next 2-3 Days:
NVIDIA (NVDA), ASML Holding (ASML), Monolithic Power Systems (MPWR), Public Storage (PSA), United Rentals (URI).
Strong Bullish Signals:
- NVIDIA (NVDA): Consistently high volumes with recent price increases.
- Monolithic Power Systems (MPWR): Sharp upward movement with breaking last resistance levels.
Individual Stock Analysis
NVIDIA (NVDA)
- Support Levels: 133.70, 135.02, 135.36
- Resistance Levels: 136.22, 136.60, 137.00
Price Action Prediction (30-min chart):
NVDA is likely to test the immediate resistance at 136.22, potentially pushing towards 137.00.
- Entry Point: Near 135.02
- Price Targets: 136.22, 136.60, 137.00
- Stop-Loss Levels: Below 133.70
ASML Holding (ASML)
- Support Levels: 1057.74, 1058.38, 1058.86
- Resistance Levels: 1061.98, 1062.21, 1063.00
Price Action Prediction (30-min chart):
ASML is poised to rise towards the resistance at 1061.98, with further extension towards 1063.00 possible if market sentiment remains positive.
- Entry Point: Near 1058.38
- Price Targets: 1061.98, 1062.21, 1063.00
- Stop-Loss Levels: Below 1057.74
Monolithic Power Systems (MPWR)
- Support Levels: 847.54, 848.80, 852.56
- Resistance Levels: 855.00, 856.30, 858.00
Price Action Prediction (30-min chart):
MPWR has the potential to climb towards 856.30 and test the resistance at 858.00 if buying pressure continues.
- Entry Point: Near 848.80
- Price Targets: 855.00, 856.30, 858.00
- Stop-Loss Levels: Below 847.54
Public Storage (PSA)
- Support Levels: 289.02, 289.85, 290.00
- Resistance Levels: 291.45, 291.78, 292.50
Price Action Prediction (30-min chart):
PSA is likely to make an attempt to break the resistance at 291.78 and could extend gains towards 292.50.
- Entry Point: Near 289.85
- Price Targets: 291.45, 291.78, 292.50
- Stop-Loss Levels: Below 289.02
United Rentals (URI)
- Support Levels: 635.77, 636.36, 640.68
- Resistance Levels: 646.41, 648.00, 650.00
Price Action Prediction (30-min chart):
URI is displaying strong bullish momentum and may test the resistance at 646.41, potentially reaching 650.00 if it sustains the trend.
- Entry Point: Near 640.68
- Price Targets: 646.41, 648.00, 650.00
- Stop-Loss Levels: Below 635.77
Summary
- Likely to Go Up: NVDA, ASML, MPWR, PSA, URI
- Bullish Signals: High trading volumes, strong upward price movements in the last few trading days.
- Key Watch: Monitor for news or market-wide events that could impact trade setups.
Using the described entry points and resistance levels, traders can position themselves accordingly while maintaining proper risk management with recommended stop-loss levels.