Top winners
| Symbol | Company Name | Price | Change | Change % |
| PCT | PureCycle Technologies, Inc. | 14.30 | +3.26 | +29.59% |
| Q.S. | QuantumSpace Corporation | 6.50 | 1.32 | +25.48% |
| TSLA | Tesla, Inc. | 260.48 | +46.83 | +21.92% |
| VKTX | Viking Therapeutics, Inc. | 73.22 | +12.83 | +21.25% |
| CLS | Celestica Inc. | 67.94 | +10.47 | +17.67% |
Main losers
| Symbol | Company Name | Price | Change | Change % |
| ICLR | ICON Public Company | 221.73 | -59.03 | -21.03% |
| WEX | WEX Inc. | 181.13 | -31.91 | -14.98% |
| NO | Newmont Corporation | 49.25 | -8.39 | -14.70% |
| PI | Impinj, Inc. | 192.21 | -30.25 | -13.60% |
| FCN | FTI Consulting, Inc. | 89.73 | -10.20 | -10.21% |
In the early hours of the trading session, the market showed bullish momentum but failed to sustain a higher level and moved down and closed sideways.
- New York Stock Exchange Composite: +138.83 (+0.76%)
- Dow Jones: -140.59 (-0.33%)
- S&P 500: +12.44 (+0.21%)
Winner #1: PCT Stock
PureCycle Technologies Inc. (NASDAQ: PCT) Stock turned out to be the biggest gainer after returning +29.59% in the trading session on Thursday (October 24, 2024). Traders took strong positions after purchasing 16,675 calls, which is 116% more than the usual 7,735 calls.
Traders and investors have high hopes for upcoming third quarter 2024 results as the company announces its third quarter 2024 corporate update conference call, which is scheduled for November 7, 2024.
The conference includes live Q&A sessions for analysts followed by investor questions, which were submitted in advance to [email protected].
PCT/USD 15-minute chart
Before we conclude with the Q3 2024 results, let's look at the technical side of the stock. In the trading session of October 24, 2024, PCT stock gained returns of +29.59% and received rejection of exactly $14.65 on multiple time frames like 5 minutes, 15 minutes, 1 hour, 1 day and 1 week, indicating the strength of resistance.
Looking at the stock on a weekly time frame, we can see that the price has reversed from the resistance zone and the RSI is indicating the same overbought scenario. A buying opportunity will be triggered once the $15.98 level is broken and prices retest the level. We can plan an entry into healthy buy candles with targets of $23.35 and a stop-loss of $12.
Loser #1: ICLR Stock
ICON Public Limited Company (NASDAQ: stocks/iclr”>ICLR) stock faced a significant drop of 21.03% as the company was unable to achieve The third quarter of 2024 returns by 5.12%. The Zacks Consensus Estimate was $3.85 per share, but the company was able to reach $3.35 per share. Compared to the previous quarter, the current profit amounts to -12.99%.
The company's steady growth and its price only added about 0.2% compared to the S&P 500's gains of 22.7%.
Although there is no major decline in earnings today, earnings are $2.03 billion compared to $2.06 billion a year ago. However, failing to achieve the expected returns, the company faced a major sale on October 24, 2024.
ICLR/USD 15-minute chart
Crucially, the stock is not weak yet. If we look at the technicals on a weekly time frame, the company has been in an uptrend for a long time. The price broke the support trend line on September 9 and thereafter, the price moved sideways, indicating weak buyers.
On October 24, 2024, major selling was triggered, bringing the price to its support level of $221.73. Currently, looking at the selling scenario by price alone will trigger two situations.
- If the price continues to fall and crosses the 221.73 level, then wait for the level to be retested and then make an entry with the target of $185, as the RSI is in an oversold situation and the price may break out. SL hunt.
- If the price reverses from the 221.73 level, as the RSI will cool down, wait for the price to break above the $221.73 level and if, during that time, the RSI is between 40 and 30, plan a entry with the target of $185.
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