Continuation Breakout Wednesday 2PM 10/30/2024

Overall Sector and Industry Analysis

Datetime Range Analyzed: October 1st, 2024 to October 30th, 2024, EST

In this 30-day period, the data spans various sectors including financials, railroads, technology, transportation, and healthcare. The market has shown mixed movements, heavily influenced by economic reports, earnings results, and changes in interest rates.

1. Financial Sector: Stocks like BX in the financial sector showed moderate volatility but maintained steady gains over the period in light of positive earnings announcements and corporate developments.

2. Healthcare Sector: Healthcare stocks such as HUM and UNH have shown varying levels of resilience. Significant fluctuations were observed due to healthcare reform discussions and policy announcements.

3. Technology Sector: Tickers like MDB demonstrated upward momentum towards the end of October with increasing volume, suggesting strong interest and potential bullish continuation.

4. Transportation and Industrials: Companies like UAL and GWW have been riding on improving economic data, particularly in transportation capacity and manufacturing output.

Notable Trends and Patterns:

• The technology sector has seen a marked interest with increased volume, especially in stocks like MDB, suggesting possible short-term upward momentum.
• Healthcare has depicted some recovery signs following periods of consolidation, specifically in stocks like HUM and UNH.

Ticker Performance Prediction

Likely to Rise in 2-3 Days:

• MDB (MongoDB Inc): Strong closing prices close to highs with increased volume indicate continuation patterns.
• UAL (United Airlines Holdings, Inc.): Breaking above key resistance with sustained volume, suggesting bullish momentum.
• UNH (UnitedHealth Group Incorporated): Held well above recent support, anticipating further gains as sentiment improves.

Strong Bullish Signals:

• MDB shows a consistent upward trend with increasing volume.
• UAL appears to break resistance levels, confirming upside potential.

Individual Stock Analysis

MDB (MongoDB Inc)

• Support Levels: $283.53, $282.44, $281.08
• Resistance Levels: $285.40, $286.50, $288.00
• Price Action Prediction: Expect a bullish move towards $288.00 with entry potential near $283.53.
• Price Targets for 1-3 Day Swing: $286.50, $288.00
• Suggested Entry Point: $283.53
• Stop-Loss Recommendation: Close below $282.44
• Finviz Chart:

UAL (United Airlines Holdings, Inc.)

• Support Levels: $78.44, $77.85, $77.20
• Resistance Levels: $80.23, $81.15, $82.00
• Price Action Prediction: A move towards $81.15 is anticipated with entry around $78.44.
• Price Targets for 1-3 Day Swing: $80.23, $81.15
• Suggested Entry Point: $78.44
• Stop-Loss Recommendation: Below $77.85
• Finviz Chart:

UNH (UnitedHealth Group Incorporated)

• Support Levels: $564.52, $563.70, $562.50
• Resistance Levels: $566.72, $568.00, $570.00
• Price Action Prediction: Positive movement expected towards $568.00, with potential entry near $564.52.
• Price Targets for 1-3 Day Swing: $566.72, $568.00
• Suggested Entry Point: $564.52
• Stop-Loss Recommendation: Below $563.70
• Finviz Chart:

These analyses suggest that key players in technology, transport, and healthcare might continue their upward trajectories over the next few days. Careful attention to economic indicators and upcoming earnings reports is advised to verify these predictions.