Overall Sector and Industry Analysis
Datetime Range Analyzed: June 10, 2024 – July 10, 2024, EST
Over the past 30 days, several sectors and industries have exhibited varied performance patterns. Recent 10-day analysis shows a nuanced picture with some sectors showing stronger momentum than others.
Technology Sector (QQQ, SOXL, SNPS, KLAC)
The technology sector, including QQQ, SOXL, SNPS, and KLAC, has maintained an upward trajectory. Volumes have been noticeably robust, signaling strong institutional interest. For instance, SOXL and QQQ both displayed significant volume spikes on bullish days, indicating potential for continued upward movement.
Healthcare Sector (BIO, LLY, UNH)
The healthcare sector, represented by tickers like BIO, LLY, and UNH, has experienced mixed performance. However, recent volume spikes in LLY and UNH suggest an accumulation phase which could precede a strong move upwards.
Financial Sector (SPGI, EVR, FFWM, CSL)
This sector has shown resiliency with SPGI and EVR showing consistent price increases with corresponding volume upticks. This signals strength and potential for a further upward trend.
Energy and Industrials (MLM, TT, GEV)
The energy and industrial sectors have had varied performances, but GEV and TT have shown momentum with strong volume and price increase.
Ticker Performance Prediction
Based on the analysis of price and volume patterns, the following tickers are likely to go up in the next 2-3 days:
- SOXL
- LLY
- UNH
- SPGI
- QQQ
Given their strong bullish signals supported by volume, the following tickers are showing strong potential for upward movement:
- SOXL
- LLY
- SPGI
Individual Stock Analysis
SOXL
- Support Levels: $67.75, $68.05, $68.08
- Resistance Levels: $69.00, $68.62, $68.59
Price Action Predictions: Based on the 30-minute chart, SOXL has a strong bullish setup. If it breaks $69, it could see a quick rally to $70.
- Price Target: Near $69.00, and if it breaks, $70.00
- Entry Point: Near $68.08
- Stop-Loss Level: $67.75
- Finviz chart:
LLY
- Support Levels: $939.50, $939.78, $940.22
- Resistance Levels: $940.79, $941.60, $941.59
Price Action Predictions: LLY is experiencing consistent upward pressure, with key levels suggesting potential continuation.
- Price Target: $941.60, then $945.00
- Entry Point: Near $939.50
- Stop-Loss Level: $939.50
- Finviz chart:
UNH
- Support Levels: $498.11, $497.36, $496.56
- Resistance Levels: $500.76, $501.50, $500.93
Price Action Predictions: UNH shows a breakout potential above $501.50 which could take it to $505.
- Price Target: $501.50, then $505.00
- Entry Point: Near $498.11
- Stop-Loss Level: $497.36
- Finviz chart:
SPGI
- Support Levels: $462.715, $463.82, $463.620
- Resistance Levels: $466.06, $466.00, $467.50
Price Action Predictions: SPGI has a strong upward trend and shows potential for further gains.
- Price Target: $467.50, then $470.00
- Entry Point: Near $463.62
- Stop-Loss Level: $462.71
- Finviz chart:
QQQ
- Support Levels: $502.24, $502.39, $502.98
- Resistance Levels: $503.52, $503.01, $504.00
Price Action Predictions: QQQ is exhibiting signs of potential breakout near $503.52.
- Price Target: $503.52, $506.00
- Entry Point: Near $502.39
- Stop-Loss Level: $502.24
- Finviz chart:
By focusing on these key levels, swing traders can better navigate potential entries and exits for short-term gains.