IonQ (IONQ: NYSE)

The company is capitalizing on AI excitement by securing new contracts and launching revolutionary quantum computing products. Notable achievements include completing one of the world’s first quantum cognition models, showcasing quantum computer circuit-based decision-making. IONQ recently introduced its most powerful quantum system, IonQ Forte, and partnered with QuantumBasel for a European quantum data center, expected to boost revenue by $10 million.

Additionally, a deal with South Korea’s Ministry of Science and ICT for tech workforce training adds steady government contract revenue. We’re bullish on IONQ above $13.00-$13.50 with an upside target of $22.00-$23.00.

Diamondback Energy (FANG: NASDAQ)

Amidst the stabilization and eventual rebound of oil prices, the energy stock is demonstrating active drilling efforts. Originally targeting approximately 340 wells, the company’s recent performance in the last quarter involved the successful drilling of 98 wells. This impressive progress indicates a trajectory that could surpass their initial annual projections, possibly reaching around 400 wells drilled this year. An additional positive development comes from the Department of Energy, which appears ready to initiate the replenishment of its Strategic Petroleum Reserve (SPR). This move holds the potential to exert a significant positive influence on energy prices in the upcoming quarters.

Looking at the financial aspects, FANG offers an appealing dividend yield of 4.60%, while the company’s Payout Ratio stands at over 47%, underscoring its commitment to rewarding shareholders. With a bullish perspective on FANG’s performance, our outlook remains optimistic, particularly if the stock maintains levels above $130.00-$131.00. In this scenario, the projected upside target lies within the range of $200.00-$210.00.

RUNE/USDT

In the past ten days, there has been an impressive 60% surge in the value of RUNE.

Starting from approximately $0.90 at the beginning of the month, the price soared to a peak of $1.48 yesterday. At present, the price stands at $1.39 and indicates overbought conditions within the daily timeframe. Notably, the price is situated within the resistance range of $1.40 to $1.48, possibly suggesting a potential retraction following this significant surge. A retracement might lead to testing the support zones at $1.20 to $1.28. Interestingly, this same region aligns with the location of the daily 200MA, offering an added layer of support.

On the upside, should the $1.48 level be surpassed, the subsequent point of resistance to monitor lies in the range of $1.60 to $1.70.

RNDR/USDT

RNDR has undergone a period of consolidation within the $1.60 – $1.75 support range over the past week, coinciding with an overbought status on the daily timeframe.

While it’s not yet advisable to initiate a purchase, the price is edging closer to the descending resistance line traced back to June’s inception. A potential long trade could be considered if the price manages to breach and subsequently retest the daily resistance line, which lies around $1.80.

Significantly, the daily 200MA aligns with this $1.80 mark, implying that the price’s confirmation above this moving average is essential for a viable buy signal. In the event of this successful move, the subsequent resistance region to monitor spans from $2.05 to $2.25.

Conversely, a downside breach of the $1.60 level might signify a short trade opportunity, targeting the subsequent support area within the range of $1.20 to $1.40.