The coming week is likely to be a consolidation period, the market is likely to move higher through 2024. Technology is the leading sector and will remain so.
Autodesk has been strong and is due to sustain that strength. Relative strength has accelerated since late November. Note the two-year relative strength base in the lower weekly strip. Absolute price has broken out of a two-year formation that projects higher prices. February has been the second strongest month for this stock, up about 67% of the time.
Autodesk Daily, Weekly. Monthly
Autodesk Monthly Cycle
Elf Beauty is the highest-ranked stock in a list of the 100 highest free flow cash generators. In fact, Elf has held this top ranking since last spring. The stock is overbought on all time frames. However, momentum is strong and relative strength is accelerating. The monthly cycle is rising and points to higher prices through this first quarter over $185.
Elf Beauty Daily
Elf Beauty Monthly Cycle