DISCLAIMER: This watchlist is for informational purposes only and does not constitute financial advice. Always conduct your own research and consider your financial situation before making any investment decisions.
Looking for the hottest stocks to trade today? Here’s my technical analysis of 5 promising stocks to watch on Tuesday, with detailed chart analysis and trading setups for each.
$WGS – GeneDx Holdings Corp.
GeneDx is showing incredible momentum, currently trading at $92.16 after experiencing remarkable growth of approximately 1,000% over the past year. The stock is at a critical technical juncture, with immediate resistance at $95.00 which has capped upward movement twice in recent sessions.
The primary support level sits at $87.09, which aligns with the 50-day SMA and has provided a solid foundation for the recent rally. A more significant support zone exists at $80.00-$82.00. Despite the bearish sentiment indicated by technical indicators and a high RSI of 61.00 suggesting potential overbought conditions, the company’s recent earnings beat with an EPS of $0.08 versus expected -$0.48 has fueled investor optimism. With the 200-day SMA at $60.53 far below current prices, traders should watch for potential consolidation before the next leg up, with key resistance levels at $100 and $110.
$GEO – GEO Group Inc.
GEO Group is currently trading at $29.31, showing strong bullish momentum with a 57% green day rate over the past month. The stock has established clear support at the 50-day SMA of $28.37, which has been tested multiple times in recent weeks and held firm.
The immediate resistance level is at $30.50, which previously acted as resistance in late March. A more significant resistance zone exists at $32.00-$32.50. The stock is trading well above its 200-day SMA at $20.87, indicating a strong long-term uptrend. With an RSI of 66.90 approaching overbought territory, traders should be cautious of potential short-term pullbacks. The stock has doubled since Election Day on expectations of increased privatization of security operations. For traders looking for entry points, the current support zone around the 50-day SMA offers a favorable risk-reward setup with a stop loss below $27.50.
$ROOT – Root Inc.
Root Inc. is currently trading at $136.93 after a significant surge, recently hitting a new 52-week high of $151.73. The stock has reached a critical support level at $135.89, which coincides with accumulated volume support and provides a potential buying opportunity.
Key resistance levels to watch are $142.75 (the recent swing level), $145.97 (Fibonacci R1), and $151.73 (the recent high). The stock shows high volatility with daily average movements of 10.87%, making it a high-risk, high-reward opportunity. With upcoming earnings on April 29, 2025, traders should be prepared for increased volatility. The stock’s innovative car insurance model using real-time driving data has driven its 160% return over the past year. For traders considering a position, the current support zone offers a logical entry with a stop loss at $128.82, while a break above $142.75 would signal a potential continuation of the uptrend.
$AVGO – Broadcom Inc.
Broadcom is currently trading at $171.77, at a critical technical juncture. The stock has been in a steady logarithmic uptrend since October 2022, with an impressive 506% gain over that period. However, it’s currently showing bearish signals with only 37% green days in the past month.
The chart reveals two critical support zones: immediate support at $167-$170 and stronger support at $160-$165. Resistance levels are clearly defined at $180 (the trendline support), $200 (psychological level), and $212.58 (the 50-day SMA). The stock is currently stuck between the trendline and the $200 resistance level, with the 200-day SMA far above at $367.67, suggesting a potential correction phase. With an RSI of 67.84 approaching overbought territory, traders should watch for a potential bounce from the current support or a break below, which could trigger a deeper correction.
$PLTR – Palantir Technologies Inc.
Palantir Technologies is currently the best-performing stock in the S&P 500 with a remarkable 203.59% one-year return. The stock is trading near key resistance at $25.00, which has capped upward movement several times in March.
Strong support exists at $22.50, which has held firm throughout recent pullbacks and coincides with the rising 20-day moving average. Additional support can be found at $21.00, which aligns with the 50-day moving average. The stock has been forming a bullish flag pattern after its strong rally in February, suggesting potential for another leg up if it breaks above the $25.00 resistance. Volume patterns show accumulation during consolidation phases, indicating strong institutional interest. For traders looking to enter positions, the current consolidation offers a favorable risk-reward setup with a stop loss below $21.00, while a break above $25.00 could target the next resistance at $27.50-$28.00.
