👁️ Eyes on xxx . Potential inside day today on this name but decent bullish delta tilt chart

🧱 Support area: $56.75 ($60 key support)

👊 Resistance area: $59.16 ($65 key resistance)

Scroll down to learn more about today’s top idea.

 $PANW ( ▲ 1.99% ) 

Momentum Up

Palo Alto Networks ($PANW) demonstrated significant resilience yesterday, holding its ground firmly during a broad market downturn and bearish sentiment. This strong performance, alongside other cybersecurity stocks that also held up, suggests a potential "shielding" effect for the sector from prevailing headline risks.

The ability of cybersecurity names to weather a weak tape indicates sustained demand for their services, likely driven by the critical and non-discretionary nature of cybersecurity spending for businesses. This sectoral strength reinforces our view that $PANW, and potentially other names in the cybersecurity space, warrant close monitoring for continued outperformance in volatile market conditions.

Raw Consensus Score: 2 out of 7 (Bullish momentum) (Momentum Stars)

Delta Tilt: $200 support, $210 Bullish Targets

Gamma Exposure: Positive notable gamma (Concentration at $200)

Quant Volume Levels Today: $200.28, $196.57

Quant volume levels are area where stocks would most likely bounce or reject from.

 $HUM ( ▲ 2.57% ) 

Momentum Shift Up

Humana ($HUM) demonstrated commendable resilience yesterday, maintaining its price levels during a challenging and broadly bearish market. As is often observed, defensive names tend to attract bids during periods of market weakness.

However, beyond its defensive characteristics, $HUM presents an interesting technical picture on the daily chart. We are observing signs that the stock may be emerging from a prolonged downtrend, indicating a potential shift in its trajectory. This could lead to a period of basing, where the stock consolidates and establishes a new foundation before a possible sustained upward move.

Given these developments, $HUM is certainly a name to keep a close eye on for potential opportunities. Humana is also a new name on our momentum star bullish list today.

Raw Consensus Score: 2 out of 7 (Bullish momentum) (Momentum Stars)

Delta Tilt: $250 bullish target, $240 Key Support

Gamma Exposure: Positive gamma environment (Concentration at $240)

Quant Volume Levels Today: $239.68, $240.96, $245

Quant volume levels are area where stocks would most likely bounce or reject from.

 $SHOP ( ▼ 1.7% ) 

Momentum Shift Down

Shopify ($SHOP), a name we had previously flagged for upside potential several weeks ago, now appears to be entering a fresh downtrend.

Our analysis indicates a notable shift in its price action, moving from a constructive bullish bias to exhibiting characteristics consistent with a developing downtrend. Consequently, we are transitioning $SHOP to our watchlist for bearish opportunities in the days ahead. We will be monitoring for confirmation of this downtrend and potential short-side setups.

Raw Consensus Score: -1 out of 7 (Bearish momentum) (Momentum Stars)

Delta Tilt: $110 key resistance area

Gamma Exposure: Mixed gamma environment concentration at $$115 (and a bit at $100)

Quant Volume Levels Today: $107.96, $105.53, $104.30

Quant volume levels are area where stocks would most likely bounce or reject from.

 $IBM ( ▲ 0.43% ) 

Today’s Top Idea

International Business Machines ($IBM) continues to be a favored name in our analysis, demonstrating sustained positive momentum over the past several weeks. Today, $IBM has once again appeared on our Momentum Stars list, which identifies stocks exhibiting strong directional impetus in the market.

Despite its current "consensus momentum score of 2 out of 7, we maintain our conviction that $IBM is poised to push higher and could potentially exhibit independent price action, decoupling from broader market fluctuations. Its consistent presence on our momentum watchlist and the recent strong performance underscore this positive outlook.

Raw Consensus Score: 2 out of 7 (Bullish momentum) (Momentum Stars)

Delta Tilt: $280 key support, $290 and $300 bullish targets

Gamma Exposure: Positive gamma regime (Concentration at $290 and $300)

Quant Volume Levels Today: $281.84, $279.94, $290

Quant volume levels are area where stocks would most likely bounce or reject from.

⭐ TODAY’S TOP MOMENTUM STARS