Continuation Breakout Tuesday 4PM 9/24/2024

Overall Sector and Industry Analysis:

Date Range Analyzed: 2024-08-25 to 2024-09-24 (EST)

Based on the analysis of the past 30 days of price and volume data across multiple stocks, we can see trends emerging across various sectors. Here’s a summary and analysis of the overall sector and industry performance:

1. Technology Sector:
   • Companies like AMD, NVDA, and SMH experienced overall positive momentum, with notable volume spikes, suggesting strong investor interest.
   • Standout stocks such as AMD and NVDA show positive price movements, indicating a bullish trend in semiconductor industries.
2. Energy Sector:
   • Stocks like NGD showed steadiness but lacked considerable bullish movement.
   • The price movements are relatively stable with less volatility compared to the tech sector.
3. Healthcare Sector:
   • Stocks like UHS, MPW, and CVRX present a mixed bag of performance with UHS showing some volatility but a general upward trend in the short term.
   • MPW and CVRX remain relatively flat, indicating a neutral sentiment in their subsectors.
4. Consumer Discretionary Sector:
   • Stocks like NFLX and HD saw positive momentum with significant volume indicating investor confidence.
   • These stocks are currently showing strong bullish signals, especially in the recent ten days.

Ticker Performance Prediction:

Stocks likely to see upward momentum in the next 2-3 days:
– AMD
– NVDA
– NFLX
– HD

Reasons:
1. AMD and NVDA:
– These stocks have shown consistent upward momentum with strong volume support indicating bullish sentiment in the semiconductor sector.

1. NFLX and HD:
   • Both stocks have shown strong bullish signals with consistent upward price action and high volume in the recent 10 days.

Individual Stock Analysis:

1. AMD Analysis:

• Supports:
  1. $156.00
  2. $158.00
  3. $160.00
• Resistances:
  1. $165.00
  2. $170.00
  3. $175.00
• Price Action Prediction:
  • Expect a bullish momentum towards the $165.00 resistance level.
  • Based on the 30-minute chart, price targets for next 1-3 days are $163.00 and $165.00.
• Entry Point:
  • Enter near $158.00 support level.
• Stop-Loss:
  • Set stop-loss around $155.00.

Shortcode:

2. NVDA Analysis:

• Supports:
  1. $118.00
  2. $120.00
  3. $122.00
• Resistances:
  1. $125.00
  2. $127.00
  3. $130.00
• Price Action Prediction:
  • Likely to move towards $125.00 resistance level in the next 2-3 days.
  • Price targets are $123.00 and $125.00.
• Entry Point:
  • Enter near $120.00 support level.
• Stop-Loss:
  • Set stop-loss around $117.00.

Shortcode:

3. NFLX Analysis:

• Supports:
  1. $700.00
  2. $710.00
  3. $720.00
• Resistances:
  1. $730.00
  2. $740.00
  3. $750.00
• Price Action Prediction:
  • Likely to see upward movement towards the $740.00 level.
  • Price targets are $735.00 and $740.00.
• Entry Point:
  • Enter near $720.00 support level.
• Stop-Loss:
  • Set stop-loss around $715.00.

Shortcode:

4. HD Analysis:

• Supports:
  1. $395.00
  2. $397.00
  3. $399.00
• Resistances:
  1. $405.00
  2. $410.00
  3. $415.00
• Price Action Prediction:
  • Expect price to push towards $405.00 resistance level.
  • Price targets are $400.00 and $405.00.
• Entry Point:
  • Enter near $397.00 support level.
• Stop-Loss:
  • Set stop-loss around $394.00.

Shortcode:

Summary:

Based on the analysis, it is clear that technology and consumer discretionary sectors are showing signs of bullish momentum over the short term. Stocks such as AMD, NVDA, NFLX, and HD are well-positioned to potentially see upward price movement in the next 2-3 days. Investors might consider capitalizing on these stocks with carefully set entry points and stop-losses to manage risk effectively.

For detailed chart visuals and further in-depth analysis, you can use the provided Finviz shortcodes.