Breakout Stocks of Week 27 @ AMS
NASDAQ was up last week (week 26) by 0.244% ending at 17,732.60 points after gaining 43.24 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are Aegon N.V. AMS:AGN. This stock has had a buy signal since Jun 28, 2024 when the price was 5.77€ , but have so far fallen 0% to 5.77€. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Aegon N.v. | 5.77€ | 5.86€ ( 1st Jul 2024 ) | 1.53% |
| Universal Music Group N.v. | 27.78€ | 27.43€ ( 1st Jul 2024 ) | -1.26% |
The Aegon N.V. stock price gained 0.0347% on the last trading day (Friday, 28th Jun 2024), rising from 5.77€ to 5.77€. During the last trading day the stock fluctuated 1.81% from a day low at 5.74€ to a day high of 5.84€. The price has risen in 6 of the last 10 days and is up by 1.59% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately 21.37€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Aegon N.V. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
The Universal Music Group N.v. stock price fell by -2.15% on the last day (Friday, 28th Jun 2024) from 28.39€ to 27.78€. During the last trading day the stock fluctuated 2.34% from a day low at 27.78€ to a day high of 28.43€. The price has been going up and down for this period, and there has been a -2.97% loss for the last 2 weeks. Volume has increased on the last day by 662 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately 39.88€ million.
The Universal Music Group N.v. stock holds several negative signals and despite the positive trend, we believe Universal Music Group N.v. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
