Continuation Breakout Wednesday 1PM 8/06/2025

Overall Sector and Industry Analysis:

Datetime Range Analyzed: August 6, 2025, 11:00 AM – 1:00 PM EST

Examining the performance of various sectors and industries based on the provided stock data, there are some notable patterns and trends emerging. Over the last 30 days, and particularly in the last 10 days, the market has shown mixed momentum, with certain sectors exhibiting strength while others are stabilizing or correcting.

The Technology and Cybersecurity sector (as represented by stocks like CYBR and VRSN) has shown resilience with positive price movements on increased volume, signaling institutional interest. This sector appears to have robust momentum, characterized by higher highs in the recent 10-day period.

The Healthcare sector, with references such as ELV and OSCR, displayed some bullish tendencies. However, it’s important to note that the volume appears to be tapering, which could suggest a near-term pause or consolidation phase.

The Consumer and Retail sector represented by COST and JELD, indicated steady activity with gradual upward price pressure, lightly fuelled by accumulation on down days which indicates ongoing buyer interest.

The Industrial and Infrastructure sector (DY, MTZ) has undergone a consolidation phase with slight upward tendencies, suggesting a pending breakout or breakdown scenario as chart patterns tighten.

Noteworthy Tickers:

1. CYBR – Consistent upward price action with notable volume increases.
2. VRSN – Following a similar robust trajectory seen in the cybersecurity space.
3. COST – Shows solid performance likely tied to consumer resilience.

Ticker Performance Prediction:

Given our analysis, the following tickers are likely to rise over the next 2-3 days:

1. CYBR – Strong bullish signals with consistent volume upticks.
2. VRSN – Continuing its upward trend with security demand.
3. COST – There’s ongoing consumer confidence reflected in its recent price movements.

Individual Stock Analysis:

CYBR (CyberArk Software Ltd):

• Support Levels:
  1. $407.00
  2. $405.50
  3. $402.00 (Deep demand zone)
• Resistance Levels:
  1. $410.00
  2. $413.00
  3. $417.00 (Near-term supply)
• Price Action Prediction:
  Based on the 30-minute chart, CYBR could test the $410 resistance by mid-week on strong volume. Short-term pullbacks might present an opportunity near $407, but the overall trend remains bullish.

• Price Targets for 1-3 Day Swing:

  • Target 1: $413.00
  • Target 2: $417.00
  • ATR suggests potential movement around $3 per day in the current volatility range.
• Entry Point:
  Look for entries around $407.00 with confirming volume support.

• Stop-Loss:
  Consider placing stops below $405.00.

• Chart:

VRSN (VeriSign, Inc.):

• Support Levels:
  1. $271.00
  2. $269.50
  3. $267.75 (Historical support level)
• Resistance Levels:
  1. $274.00
  2. $276.00
  3. $278.50 (Long-term target)
• Price Action Prediction:
  VRSN is forecasted to move towards the $274 primary resistance level. Before reaching this, a brief retracement to $271 may happen.

• Price Targets for 1-3 Day Swing:

  • Target 1: $274.00
  • Target 2: $278.00
  • With an ATR indicating $2-3 movements, these targets align with expected momentum.
• Entry Point:
  A favorable entry could be around $271.50.

• Stop-Loss:
  Set stop-loss orders below $269.00 for risk management.

• Chart:

COST (Costco Wholesale Corporation):

• Support Levels:
  1. $960.00
  2. $957.00
  3. $954.00 (Long-term buyers zone)
• Resistance Levels:
  1. $968.00
  2. $972.00
  3. $976.00 (Monthly high target)
• Price Action Prediction:
  Expect COST to push towards $968 amid strong consumer trends. Corrections can lead back to $960, but the trajectory remains positive.

• Price Targets for 1-3 Day Swing:

  • Target 1: $970.00
  • Target 2: $975.00
  • Daily ATR suggests achievable upward moves close to $5.
• Entry Point:
  Enter positions around $960 for optimal risk/reward.

• Stop-Loss:
  Protection stops might be best set below $957.

• Chart:

In conclusion, momentum indicators signal that these tickers may continue their current trajectories over the following days. Monitoring daily volumes and open interest will be critical in evaluating any sudden market shifts.