Overall Sector and Industry Analysis:
Datetime Range Analyzed: The data analysis covers the period from July 7, 2025, to August 6, 2025, in Eastern Standard Time (EST).
In the past 30 days, several sectors displayed varying patterns of momentum that could impact short-term trading strategies. The technology and healthcare sectors showed remarkable resilience, with stocks like VRSN in the technology sector demonstrating steady upward movement, indicating robust demand and potential bullish momentum. Conversely, the industrial sector presented a mixed picture, with stocks such as ALAB and POWL showing volatility, suggesting potential breakout or breakdown scenarios in the coming days.
Noticeable trends within the sectors include an increasing volume and bullish momentum in technology-related stocks like VRSN, driven by software demand and cybersecurity awareness. Also, the healthcare sector with stocks like JELD, noted moderate gains, benefiting from increased market activities and potential sector rotation.
Tickers to watch based on these analyses include VRSN from technology for its volume spikes and consistent upward price action, and JELD from healthcare for its engaging pattern in recent trading days.
Ticker Performance Prediction:
1. VRSN (VeriSign Inc.): The VRSN ticker is showing strong bullish signals, which are evident from the price consistently breaking previous resistance levels coupled with increasing volume.
2. COST (Costco Wholesale Corporation): COST demonstrates a robust uptrend with escalating volumes earlier in the trading sessions, indicating potential upward momentum in the near short-term.
3. CYBR (CyberArk Software Ltd): CYBR has shown steady upward price movements with high volumes, suggesting buyer interest and a likely continuation of bullish trends.
Individual Stock Analysis:
VRSN (VeriSign Inc.)
- Support Levels:
- $270 (recent pivot low)
- $268 (psychological round number support)
- $266 (previous consolidation base)
- Resistance Levels:
- $273.30 (recent high akin to an upper range resistance)
- $275 (psychological barrier and potential breakout point)
- $278 (upper extension resistance target)
Price Action Predictions for the Next 2-3 Trading Days:
– Entry Point: Consider entering near support levels at $270 or $268, aligning entry with volume upticks.
– Targets: Initial targets around $273.30 with further extensions to $275 and possibly $278.
– Stop-Loss Levels: Protective stops under $266 to minimize downside risk.
COST (Costco Wholesale Corporation)
- Support Levels:
- $956 (recent breakout level)
- $950 (50-day moving average proximity)
- $945 (base support)
- Resistance Levels:
- $965.52 (near-term high reached)
- $970.00 (psychological threshold)
- $975.00 (upper breakout zone)
Price Action Predictions for the Next 2-3 Trading Days:
– Entry Point: Tactical entries around $956 near support with confirmation from sustained volume.
– Targets: $965.52 to $970, extended to $975 depending on breakout strength.
– Stop-Loss Levels: Place stop-loss under $945 to manage potential retracement risk.
CYBR (CyberArk Software Ltd)
- Support Levels:
- $406.70 (bounce level)
- $405.05 (intermediate support)
- $403 (bottom range support)
- Resistance Levels:
- $409.96 (recent cycle high)
- $412 (psychological barrier)
- $415 (key resistance zone)
Price Action Predictions for the Next 2-3 Trading Days:
– Entry Point: Enter near $406.70 with increasing buyer volume.
– Targets: Aim for $409.96, then targeting jumps to $412 and possibly $415.
– Stop-Loss Levels: Stop-loss orders advisable below $403 to safeguard against dips.
These analyses are grounded in recent 30-day patterns focusing on last 10-day developments. As a momentum swing trader, watch for these patterns to emerge and develop, aligning your strategies with these entry and exit levels while diligently monitoring market shifts for profitable trades.