Overall Sector and Industry Analysis:
Date Range Analyzed: May 14, 2024 – June 12, 2024 (EST)
The broader market over the last 30 days has experienced mixed movements across various sectors and industries. The recent 10-day period provides a more concentrated look at emergent trends and patterns in both price and volume, giving insights into potential short-term opportunities for swing traders.
Technology Sector:
Technology stocks such as NVDA (NVIDIA), ACLS (Axcelis Technologies), and INTU (Intuit) have shown robust activity with significant volume spikes. NVDA and INTU, in particular, are exhibiting strong bullish signals with continued upward price movements and high trading volumes, indicators of potential short-term breakouts.
Healthcare Sector:
Within the healthcare sector, ISRG (Intuitive Surgical) and PODD (Insulet) have been notable for their upward momentum. ISRG, in particular, has demonstrated strong bullish movements with consistent volume, suggesting continued upward trends.
Financial Sector:
Stocks like MCO (Moody’s) and BLK (BlackRock) show mixed performance. MCO has shown strong bullish signals within the last 10 days while BLK remains relatively volatile but indicates potential short-term gains.
Consumer Discretionary Sector:
Performances in the consumer discretionary sector show companies like NVR (NVR Inc.) and BBY (Best Buy) having upward price momentum. NVR has shown a significant upward movement in the last 10 days with higher volume indicating potential bullish continuation.
Ticker Performance Prediction:
Likely To Go Up in the Next 2-3 Days:
– NVDA (NVIDIA)
– INTU (Intuit)
– ISRG (Intuitive Surgical)
– NVR (NVR Inc.)
– MCO (Moody’s)
Individual Stock Analysis:
NVDA (NVIDIA):
Support Levels:
1. $123.05
2. $124.49
3. $126.84
Resistance Levels:
1. $126.88
2. $128.00
3. $130.00
Price Action Prediction (Next 2-3 Days):
– Targets:
– $128.00
– $130.00
- Entry Point:
- Near $123.05 or $124.49, if a pullback occurs.
- Stop-Loss Level:
- Near $122.57, below recent support.
INTU (Intuit):
Support Levels:
1. $593.78
2. $594.87
3. $595.23
Resistance Levels:
1. $598.13
2. $601.02
3. $602.67
Price Action Prediction (Next 2-3 Days):
– Targets:
– $601.02
– $602.67
- Entry Point:
- Near $594.87 or $593.78.
- Stop-Loss Level:
- Near $591.00.
ISRG (Intuitive Surgical):
Support Levels:
1. $427.65
2. $428.07
3. $427.56
Resistance Levels:
1. $429.00
2. $430.00
3. $432.00
Price Action Prediction (Next 2-3 Days):
– Targets:
– $429.00
– $430.00
- Entry Point:
- Near $427.65 or slight pullback to $427.56.
- Stop-Loss Level:
- Near $426.75.
NVR (NVR Inc.):
Support Levels:
1. $7697.30
2. $7874.96
3. $7833.00
Resistance Levels:
1. $7929.49
2. $8000.00
3. $8100.00
Price Action Prediction (Next 2-3 Days):
– Targets:
– $7929.49
– $8000.00
- Entry Point:
- Near $7833.00 or slight pullback.
- Stop-Loss Level:
- Near $7600.00.
MCO (Moody’s):
Support Levels:
1. $414.75
2. $412.99
3. $411.73
Resistance Levels:
1. $416.40
2. $417.00
3. $420.00
Price Action Prediction (Next 2-3 Days):
– Targets:
– $417.00
– $420.00
- Entry Point:
- Near $414.75 or pullback to $412.99.
- Stop-Loss Level:
- Near $411.73.
In summary, these stocks show positive momentum with their recent price actions and volume trends, making them potential candidates for short-term swing trades. Each analysis provides potential entry points, targets, and stop-loss levels to manage risk. Always consider market news, earnings reports, and broader market conditions before making trading decisions.