Continuation Breakout Wednesday 1PM 7/17/2024

Overall Sector and Industry Analysis

Datetime Range Analyzed:
– From June 17, 2024, to July 17, 2024, in Eastern Standard Time (EST).

Sector and Industry Performance

Over the past 30 days, using the provided data on various tickers, the performance was mixed across different sectors and industries. Let’s dive into the key trends and patterns observed:

1. Healthcare and Biotech Sector:
   • Companies like UNH (UnitedHealth Group), AMGN (Amgen), PEN (Penumbra), and HUM (Humana) showcased steady price movements with marginal gains.
   • UTHR (United Therapeutics) showed slight fluctuations but remained relatively stable.
   • Notable Trend: Overall, healthcare-related stocks observed a stable trend with moderate volume, suggesting resilience amidst market volatility.
2. Technology Sector:
   • AEHR (Aehr Test Systems) and ADSK (Autodesk) showed interesting patterns with notable volume spikes, particularly AEHR, reflecting strong market interest.
   • Notable Trend: Tech stocks seem to gain traction with bullish signs in companies like AEHR.
3. Finance Sector:
   • MA (Mastercard), MCO (Moody’s Corp), DCOM (Dime Community Bancshares) displayed consistent performance with increases in volume, indicating institutional interest.
   • Notable Trend: Financial stocks are seeing steady momentum, signifying investor confidence.
4. Real Estate:
   • ARE (Alexandria Real Estate) had modest fluctuations but remained largely stable.
   • Notable Trend: Real estate tickers showed neutrality, indicating a wait-and-see approach by investors.
5. Energy Sector:
   • NINE (Nine Energy Service) showed some volatility with troughs at lower levels.
   • Notable Trend: Energy stocks reflected fluctuating trends, often susceptible to broader market and geopolitical dynamics.

Ticker Performance Prediction

Based on the recent price and volume developments, here are the predictions for the next 2-3 days:

1. Likely to Go Up:
   • AEHR: Consistent upward pressure with high volume indicates strong bullish momentum.
   • MA: Gradual increase with steady volume, reflects bullish sentiment.
   • MCO: Breakout pattern with high volume, suggests upward momentum.
2. Strong Bullish Signals:
   • AEHR: Breakout from recent highs, supported by strong volume.
   • MCO: Continued upward trend with increased buy volume.

Individual Stock Analysis

AEHR (Aehr Test Systems)

• Support Levels:
  • $19.30
  • $19.82
  • $20.06
• Resistance Levels:
  • $21.33
  • $21.10
  • $20.76
• Price Action Predictions:
  • Next 2-3 days: Expect continues bullish momentum towards $21.33.
  • Entry Point: Near support at $19.82.
  • Stop-loss: Around $19.30, below strong support.
• Price Targets for Swing Trading:
  • $20.76
  • $21.10
  • $21.33
  

MA (Mastercard)

• Support Levels:
  • $447.66
  • $448.32
  • $448.89

• Resistance Levels:

  • $450.70
  • $449.28
  • $448.88
• Price Action Predictions:
  • Next 2-3 days: Likely to test $450.70 resistance with potential breakout.
  • Entry Point: Near $448.32.
  • Stop-loss: Around $447.66.
• Price Targets for Swing Trading:
  • $448.89
  • $449.28
  • $450.70
  

MCO (Moody’s Corp)

• Support Levels:
  • $456.12
  • $456.80
  • $455.45

• Resistance Levels:

  • $457.45
  • $457.08
  • $456.12
• Price Action Predictions:
  • Next 2-3 days: Upward trend towards $457.45 resistance.
  • Entry Point: Around $456.12 support.
  • Stop-loss: Near $455.45.
• Price Targets for Swing Trading:
  • $456.80
  • $457.08
  • $457.45
  

By analyzing the recent price and volume data of the provided stocks, the above predictions and levels were determined. It’s essential to monitor intraday developments and adjust positions accordingly. Happy trading!