Overall Sector and Industry Analysis:
Datetime Range in EST Analyzed:
May 13, 2024, to June 12, 2024 (30 days), with a special emphasis on June 2, 2024, to June 12, 2024 (10 days).
Sector and Industry Performance:
Based on the provided stock data, we have a set of stocks from a variety of sectors including Technology, Healthcare, Financial, and Consumer Goods. The analysis will look at the price and volume trends in these sectors to identify any significant patterns.
- Technology Sector:
- Notable Stocks: NVDA, ARM, AKRO
- The Technology sector, represented by NVDA and ARM, shows signs of consolidation with occasional upswings in price and volume. NVDA, in particular, has recorded high volumes with moderate price fluctuations, suggesting accumulation. ARM also shows strong trading activity with a positive price trend.
- Healthcare Sector:
- Notable Stocks: BIIB, PODD, ISRG
- The Healthcare sector is showing mixed trends. BIIB shows slight bearish trends with consistent volume, while PODD exhibits a slight consolidation phase with potential for a breakout given its tight range and volume. ISRG has shown stability with minor fluctuations.
- Financial Sector:
- Notable Stocks: SPGI, BLK, MCO
- Stocks in the Financial sector such as SPGI and BLK are demonstrating solid performance with relatively stable prices and steady volume. MCO is showing minor bearish tendencies but is within a consolidation range.
- Consumer Goods:
- Notable Stocks: RACE, LII, DHR
- RACE shows slight bearish trends with reduced volume, while LII and DHR indicate consolidation, hinting at potential upward movement given current volumes and historical performance.
Noticeable Trends/Patterns:
– Technology: Accumulation and consolidation patterns dominate.
– Healthcare: Mixed with potential breakouts at consolidation.
– Financial: Stability with minor bullish signals.
– Consumer Goods: Consolidation with potential bullish trends.
Ticker Performance Prediction (Next 2-3 Days):
Likely to Go Up:
– NVDA: Strong bullish signals with high volume.
– ARM: Positive price trend with significant volume suggests upward movement.
– SPGI: Stable price with potential for uptrend.
– AKRO: Showing consolidation, potential for breakout.
Strong Bullish Signals:
– NVDA
– ARM
Individual Stock Analysis:
NVIDIA (NVDA)
Support Levels:
– $125.26
– $124.55
– $124.54
Resistance Levels:
– $126.25
– $126.11
– $125.86
Price Action Prediction (30-minute chart):
– Next 2-3 Trading Days: Likely to test $126.25. If volume increases, can break through $126 and head toward $127.
Swing Price Targets:
– Near-term: $126.50
– Mid-term: $127.00
– Long-term: $128.00
Entry Point:
– Around $125.26 (support level)
Stop-Loss Level:
– Near $124.50
Arm Holdings (ARM)
Support Levels:
– $154.2988
– $153.35
– $153.8800
Resistance Levels:
– $156.8500
– $156.59
– $155.8499
Price Action Prediction (30-minute chart):
– Next 2-3 Trading Days: Anticipated movement towards $156.85, potential breakout to $158 if volume spikes.
Swing Price Targets:
– Near-term: $157.00
– Mid-term: $158.00
– Long-term: $159.00
Entry Point:
– Around $154.30 (support level)
Stop-Loss Level:
– Near $153.00
S&P Global (SPGI)
Support Levels:
– $438.36
– $439.07
– $440.03
Resistance Levels:
– $440.47
– $440.10
– $440.36
Price Action Prediction (30-minute chart):
– Next 2-3 Trading Days: Anticipated movement towards $440.47 with potential for consolidation before further movement.
Swing Price Targets:
– Near-term: $441.00
– Mid-term: $442.00
– Long-term: $443.50
Entry Point:
– Around $438.36 (support level)
Stop-Loss Level:
– Near $438.00
Akero Therapeutics (AKRO)
Support Levels:
– $24.62
– $25.03
– $25.16
Resistance Levels:
– $25.32
– $25.225
– $25.320
Price Action Prediction (30-minute chart):
– Next 2-3 Trading Days: Anticipated movement toward $25.32. With increased volume, likely to test $25.50.
Swing Price Targets:
– Near-term: $25.60
– Mid-term: $25.80
– Long-term: $26.00
Entry Point:
– Around $24.62 (support level)
Stop-Loss Level:
– Near $24.50
The suggested entry points and price targets have been estimated considering historical trends, volume data, and typical ATR movements for each stock.