Overall Sector and Industry Analysis
Datetime Range Analyzed: June 24, 2024, to July 24, 2024 (EST)
The analysis of the last 30 days of price and volume data for a variety of stocks reveals diverse trends across multiple sectors. Here’s a breakdown:
- Technology Sector: Stocks like BIO, AMGN, and FERG show moderate volatility with consistent volumes. AMGN particularly has shown a series of higher lows, indicating potential bullish sentiment.
- Financial Sector: COF, DFS, and MCB show mixed performance but generally reflect the sector’s overall resilience. MCB, however, showed some bearish tendencies towards the end of the analyzed period.
- Healthcare Sector: Stocks like INNV, AUTL, and HRTX have dipped in their individual performance with noticeable volume spikes in the downward direction, suggesting selling pressure.
- Consumer Discretionary: LENZ and GATO displayed bearish movements, but some recovery signs indicate potential for short-term gains. LENZ particularly shows strong support around $23.50.
- Energy & Utilities: NG and SOLV are relatively stable but not showing aggressive bullish signals.
Ticker Performance Prediction
Likely to Go Up in the Next 2-3 Days:
1. AMGN: Strong bullish signals backed by consistent volume.
2. CI: Breaking recent resistance levels with good volume support.
3. BIO: Higher lows indicating accumulation.
Individual Stock Analysis
AMGN
Support Levels:
1. $335.00
2. $332.50
3. $330.00
Resistance Levels:
1. $337.50
2. $340.00
3. $342.50
Price Action Prediction:
– 30-minute Chart Analysis: The stock shows strength above $335.00. Expect a rally towards $337.50 followed by a potential breakout to $340.00 in the next 2-3 days.
– Predicted Swing Targets: $337.50, $340.00, and ultimately $342.50 based on ATR movement.
– Entry Point: Near $332.50, around the support level.
– Stop-Loss Level: $330.00
Chart:
CI
Support Levels:
1. $339.50
2. $338.00
3. $336.50
Resistance Levels:
1. $340.50
2. $342.00
3. $344.00
Price Action Prediction:
– 30-minute Chart Analysis: As long as CI holds above $339.50, there’s a strong chance of retesting $342.00. Breaking this could push the price to $344.00.
– Predicted Swing Targets: $342.00, $344.00
– Entry Point: Near $338.00
– Stop-Loss Level: $336.50
Chart:
BIO
Support Levels:
1. $311.00
2. $308.00
3. $305.00
Resistance Levels:
1. $314.00
2. $316.00
3. $320.00
Price Action Prediction:
– 30-minute Chart Analysis: Presence of higher lows. Anticipate moving above $312.00 to test $314.00.
– Predicted Swing Targets: $314.00, $316.00, $320.00
– Entry Point: Near $308.00
– Stop-Loss Level: $305.00
Chart:
Summary
Based on the last 30 days of price and volume data, AMGN, CI, and BIO show promising bullish signals. Analyzing price patterns and volume suggests these stocks could have positive momentum in the next 2-3 days. Traders can consider strategic entry points near support levels with tight stop-loss placements to manage risk effectively.
Always ensure to conduct your research and consider market conditions before trading.