Overall Sector and Industry Analysis:
Date Range Analyzed:
From 2024-07-15 to 2024-08-14 (Eastern Standard Time – EST). Emphasis on the last 10 trading days within this period.
Commentary on Overall Sector and Industry Performance:
Over the past 30 days, the sectors analyzed exhibit mixed performance. Several tickers across various sectors have shown significant momentum over the recent 10 trading days, which we will focus on for our short-term swing trading predictions.
- Technology Sector:
- CRWD (CrowdStrike): Notable uptick with higher volume in the last 10 days indicating potential bullish momentum.
- AXON (Axon Enterprise): Increasing volume and steady gains, strong candidate for upward momentum.
- CRM (Salesforce): Consistent incremental growth, reflective of positive investor sentiment.
- ISRG (Intuitive Surgical): Steady performance with slight volume increase.
- Consumer Discretionary Sector:
- RACE (Ferrari): Strong bullish move with consistent high volume, suggesting strong investor interest.
- FOUR (Shift4 Payments): Momentum building with higher trades and a potential breakout.
- Financial Sector:
- AXP (American Express): Steady climb, healthy volume, indicating continued investor confidence.
- JPM (JPMorgan Chase): Stable performance with slight upward bias, suitable for short to medium-term gains.
- Healthcare Sector:
- MOH (Molina Healthcare): Period of consolidation, but signs of potential breakout with last minute volume spike.
- HII (Huntington Ingalls Industries): Bullish sentiment observed with slight increases past days.
- Energy Sector:
- MPC (Marathon Petroleum): Exhibiting significant strength, with high-volume buys seen.
Noticeable Trends or Patterns:
- Technology and Energy Sectors:
- Trending upward due to increased volume and positive price change over recent days.
- Tickers like CRWD, AXON, and MPC are exhibiting strong breakouts or are on the brink of breaking crucial resistance levels.
- Consumer Discretionary and Financial Sectors:
- Showing bullish tendencies with steady incremental gains and positive investor sentiment.
- RACE and AXP exhibit clear bullish signals based on high volume and strong closing prices.
Ticker Performance Prediction:
Predicted Bullish Tickers for Next 2-3 Days:
– CRWD (CrowdStrike)
– RACE (Ferrari)
– AXON (Axon Enterprise)
– AXP (American Express)
– JPM (JPMorgan Chase)
– CRM (Salesforce)
Individual Stock Analysis:
CRWD (CrowdStrike)
- Support Levels:
- $255.00
- $253.00 (Daily strong support)
- $250.00
- Resistance Levels:
- $259.00
- $262.00
- $265.00 (Key Resistance Level)
- Price Action Prediction:
- Next 2-3 Trading Days Price Target: $260.00 – $265.00
- Entry Point: Near $253.00
- Stop-Loss Level: $250.00
- Finviz Chart:
RACE (Ferrari)
-
Support Levels:
- $448.00
- $445.00
- $442.00
- Resistance Levels:
- $455.00
- $458.00
- $460.00 (Near-term target)
- Price Action Prediction:
- Next 2-3 Trading Days Price Target: $458.00 – $460.00
- Entry Point: $448.00
- Stop-Loss Level: $445.00
- Finviz Chart:
AXON (Axon Enterprise)
-
Support Levels:
- $365.00
- $362.00
- $360.00 (Strong historical support)
- Resistance Levels:
- $372.00
- $375.00
- $380.00 (Potential breakout level)
- Price Action Prediction:
- Next 2-3 Trading Days Price Target: $375.00 – $380.00
- Entry Point: $365.00
- Stop-Loss Level: $362.00
- Finviz Chart:
AXP (American Express)
-
Support Levels:
- $240.00
- $238.00
- $236.00
- Resistance Levels:
- $244.00
- $246.00
- $250.00 (Medium target)
- Price Action Prediction:
- Next 2-3 Trading Days Price Target: $246.00 – $250.00
- Entry Point: $240.00
- Stop-Loss Level: $238.00
- Finviz Chart:
Each of these stocks shows a strong bullish pattern backed by significant volume, suggesting strong momentum in the immediate short term. We recommend keeping a close eye on these support and resistance levels and adjusting your trade setups accordingly.
Happy trading, and manage your risk effectively!