Continuation Breakout Wednesday 12PM 6/26/2024

Overall Sector and Industry Analysis

Datetime Range Analyzed: May 27, 2024, to June 26, 2024, in Eastern Standard Time (EST).

Upon analyzing the provided data, spanning various sectors and industries, we can observe several noticeable trends:

1. Technology Sector (DDOG, ACN, GLOB, PODD, ADSK)
   • The technology sector has shown a strong upward momentum over the past 30 days. Stocks in this sector generally exhibit consistent volume and steady gains, indicating sustained investor interest.
   • Notable tickers in this sector include DDOG, ACN, GLOB, and ADSK, which have shown solid gains with high trading volumes.
2. Healthcare Sector (PODD)
   • The healthcare sector, represented by PODD, shows a steady climb. The steady volumes signify stable investor confidence in healthcare advancements and resilience in market participation.
3. Real Estate Sector (ESS)
   • ESS, a key representative, exhibits mixed signals with occasional high volatility in volume, indicating possible sectoral fluctuations due to market-speculative activities.
4. Consumer Discretionary Sector (BKNG, JMIA, DUOL)
   • This sector displays variable momentum. For instance, BKNG shows moderate gains with significant volume. In contrast, JMIA has seen substantial volatility, likely influenced by broader economic factors and consumer confidence.
5. Other
   • NRIX (Biotechnology): Showing mixed signals with occasional surges in trading volumes.
   • SFWL (Financials): Exhibiting significant price movements with noticeable volume spikes.
   • JWEL (Health Technology): Relatively low volumes with minor price fluctuations.
   • CLSK (Technology): High volatility with substantial trading activity signaling market interest.

Ticker Performance Prediction

Likely to Go Up in the Next 2-3 Days:
1. DDOG (Datadog Inc)
– Strong bullish signals with increasing volume over the last few days.
2. ACN (Accenture Plc)
– Consistent upward movement and healthy trading volumes.
3. GLOB (Globant SA)
– Persistent gains and favorable trading volumes signify bullish trends.
4. ADSK (Autodesk Inc.)
– Steady upward trajectory backed by consistent volume.

Individual Stock Analysis

1. DDOG (Datadog Inc)

Support Levels:
– $118.30 (Key Support)
– $120.13
– $121.54

Resistance Levels:
– $123.62 (Near-term Resistance)
– $122.965
– $123.235

Price Action Prediction (30-minute chart):
– Price Target: Looking at $124.5 (upper resistance) based on daily ATR movement.
– Entry Point: Near $120.13 (key support).
– Stop-Loss: $118.0 to protect against downside risk.

2. ACN (Accenture Plc)

Support Levels:
– $299.43
– $302.21
– $303.55

Resistance Levels:
– $305.74 (Near-term Resistance)
– $304.750
– $305.620

Price Action Prediction (30-minute chart):
– Price Target: Aim for $306.5.
– Entry Point: Around $303.0.
– Stop-Loss: $299.0 to mitigate potential losses.

3. GLOB (Globant SA)

Support Levels:
– $172.80
– $175.30
– $176.05

Resistance Levels:
– $177.71 (Near-term Resistance)
– $177.275
– $177.850

Price Action Prediction (30-minute chart):
– Price Target: Target $179.5.
– Entry Point: At or near $176.00.
– Stop-Loss: Set it at $173.00.

4. ADSK (Autodesk Inc.)

Support Levels:
– $240.49
– $242.41
– $243.78

Resistance Levels:
– $244.175 (Near-term Resistance)
– $244.600
– $244.610

Price Action Prediction (30-minute chart):
– Price Target: Around $246.00.
– Entry Point: Around $243.0.
– Stop-Loss: Close to $240.5 to control risk.

This analysis covering the last 30 days, with an emphasis on the last 10 days of trading data, aims to provide insights into sectoral trends and likely upward-moving tickers for effective short-term swing trading in the coming days.