Overall Sector and Industry Analysis
Date and Time Range Analyzed: June 17, 2024 – July 17, 2024 (EST)
Over the past 30 days, several sectors have shown divergent trends, which are particularly evident if we break them into individual industries. Large caps in healthcare and technology have performed consistently with strong volume, indicating institutional interest and potential further uptrend. Meanwhile, some smaller and mid-cap stocks face decreased trading volume, hinting at lower market participation.
Notable sectors:
– Healthcare: Stocks like AMGN, HUM, and RLAY display strong institutional participation and bullish developments over the past 10 days, echoing a positive bias.
– Technology: Tickers such as ADSK and MA show high volume and bullish signals, indicating that tech remains a focal sector for momentum trading.
– Finance: Both traditional banking stocks like DCOM and fintech entries such as LDI manifest stable upward trends.
Ticker Performance Prediction
Likely to Go Up in the Next 2-3 Days:
1. AMGN
2. ADSK
3. MA
4. HUM
5. RLAY
Significant bullish signals are emerging in these stocks based on increased volume and positive price action.
Individual Stock Analysis
1. AMGN
- Support Levels: 334, 332, 330
- Resistance Levels: 336, 338, 340
- Price Action Prediction (30-minute chart): Look for a continuation towards the 336.37 resistance before pulling back to find support at 334.32.
- Price Targets (1-3 day swing): 338, 340, 342
- Entry Point: Near 334 support level.
- Stop-Loss Level: Just below 332.
2. ADSK
- Support Levels: 250, 248, 246
- Resistance Levels: 252, 254, 256
- Price Action Prediction (30-minute chart): Anticipate a rebound from the 250 support, targeting 252 initially.
- Price Targets (1-3 day swing): 254, 256, 258
- Entry Point: Near 250 support level.
- Stop-Loss Level: Below 248.
3. MA
- Support Levels: 448, 446, 444
- Resistance Levels: 450, 452, 454
- Price Action Prediction (30-minute chart): Expect a motion upwards to 450.41 resistance before drawing back.
- Price Targets (1-3 day swing): 452, 454, 456
- Entry Point: Close to 448 support level.
- Stop-Loss Level: Near 446.
4. HUM
- Support Levels: 400, 398, 396
- Resistance Levels: 402, 404, 406
- Price Action Prediction (30-minute chart): Monitor for a climb towards 402.17 resistance.
- Price Targets (1-3 day swing): 404, 406, 408
- Entry Point: Around 400 support level.
- Stop-Loss Level: Below 398.
5. RLAY
- Support Levels: 8.78, 8.76, 8.74
- Resistance Levels: 8.90, 8.92, 8.94
- Price Action Prediction (30-minute chart): Anticipate a push to 8.90 resistance with solid volume trends.
- Price Targets (1-3 day swing): 8.92, 8.94, 9.00
- Entry Point: Near support at 8.78.
- Stop-Loss Level: Below 8.76.
With these analyses in hand, traders can enhance their swing trading strategies and align their entries with optimal price points backed by solid volume and price data from the past 30 days. All the stocks mentioned above show promising bullish movements within the next few trading days.