Breakout Stocks of Week 15 @ ASX
NASDAQ was down last week (week 14) by -0.799% ending at 16,248.52 points after falling -130.94 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 Commonwealth Bank of Australia ASX:CBA. This stock has had a buy signal since Mar 21, 2024 when the price was $118.00 and is so far up 0.0339% to $118.04. Some other companies are on our watchlist to, among these are Charter Hall Long WALE REIT ASX:CLW Breville Group Limited ASX:BRG Pilbara Minerals Limited ASX:PLS and AUB Group Limited ASX:AUB which all got a breakout pattern emerging.
| Date | Company | Price | Week 15 |
|---|---|---|---|
| Commonwealth Bank Of Australia | $118.04 | $116.24 | -1.52% |
| Charter Hall Long Wale Reit | $3.66 | $3.55 | -3.01% |
| Breville Group Limited | $26.03 | $26.78 | 2.88% |
| Pilbara Minerals Limited | $3.77 | $4.05 | 7.43% |
| Aub Group Limited | $29.07 | $29.04 | -0.103% |
The Commonwealth Bank of Australia stock price fell by -0.262% on the last day (Friday, 5th Apr 2024) from $118.35 to $118.04. During the last trading day the stock fluctuated 1.32% from a day low at $116.63 to a day high of $118.17. The price has been going up and down for this period, and there has been a 2.07% gain for the last 2 weeks. Volume has increased on the last day by 123 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 $157.32 million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Commonwealth Bank of Australia stock to perform well in the short-term.
About Commonwealth Bank of Australia:
Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers retail, premium, business, offshore, and institutional banking services; and funds management, superannuation, and share broking products and services, as well as car, health, life, income protection, and travel insurance. It offers transaction, savings, foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans, and importer finance products. The company also provides advisory services for high net worth individuals; equities trading and margin lending services; debt capital, transaction banking, working capital, and risk management services; and international and foreign exchange services. As of June 30, 2021, it operated 875 branches and 2,492 ATMs. The company was founded in 1911 and is based in Sydney, Australia.
The Charter Hall Long WALE REIT stock price fell by -0.543% on the last day (Friday, 5th Apr 2024) from $3.68 to $3.66. During the last trading day the stock fluctuated 0.96% from a day low at $3.64 to a day high of $3.67. The price has fallen in 6 of the last 10 days and is down by -2.14% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -56 thousand shares and in total, 1 million shares were bought and sold for approximately $4.21 million.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Charter Hall Long WALE REIT:
Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (REIT) listed on the ASX and investing in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases. Charter Hall Long WALE REIT is managed by Charter Hall Group (ASX:CHC). With over 29 years' experience in property investment and funds management, we're one of Australia's leading fully integrated property groups. We use our property expertise to access, deploy, manage and invest equity across our core sectors - office, industrial & logistics, retail and social infrastructure. Operating with prudence, we've carefully curated a $45 billion diverse portfolio of over 1,300 high quality, long leased properties. Partnership and financial discipline are at the heart of our approach. Acting in the best interest of customers and communities, we combine insight and inventiveness to unlock hidden value. Taking a long-term view, our $6.8 billion development pipeline delivers sustainable, technologically enabled projects for our customers. The impacts of what we do are far-reaching. From helping businesses succeed by supporting their evolving workplace needs, to providing investors with superior returns for a better retirement, we're powered by the drive to go further.
The Breville Group Limited stock price fell by -0.383% on the last day (Friday, 5th Apr 2024) from $26.13 to $26.03. During the last trading day the stock fluctuated 1.44% from a day low at $25.75 to a day high of $26.12. The price has been going up and down for this period, and there has been a -3.59% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -79 thousand shares and in total, 88 thousand shares were bought and sold for approximately $2.28 million.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Breville Group Limited:
Breville Group Limited designs, develops, markets, and distributes small electrical kitchen appliances in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers kitchen appliances, including slow cookers, kettles, and fry pans; and living room, laundry, and bedroom products, such as irons, vacuums, heaters, electric blankets, and fans. Breville Group Limited markets and sells its products under the Breville, Baratza, Kambrook, and Sage brands, as well as under third party brands, such as Nespresso, Nestlé Dolce Gusto, and Polyscience. The company was formerly known as Housewares International Limited and changed its name to Breville Group Limited in November 2008. Breville Group Limited was founded in 1957 and is headquartered in Alexandria, Australia.
The Pilbara Minerals Limited stock price fell by -1.31% on the last day (Friday, 5th Apr 2024) from $3.82 to $3.77. During the last trading day the stock fluctuated 1.87% from a day low at $3.75 to a day high of $3.82. The price has been going up and down for this period, and there has been a -3.33% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 million shares and in total, 9 million shares were bought and sold for approximately $34.38 million.
Pilbara Minerals Limited 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.
About Pilbara Minerals Limited:
Pilbara Minerals Limited explores for, develops, and operates mineral resources in Australia. The company primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. The company was incorporated in 2005 and is headquartered in West Perth, Australia.
The AUB Group Limited stock price fell by -0.95% on the last day (Friday, 5th Apr 2024) from $29.35 to $29.07. During the last trading day the stock fluctuated 0.93% from a day low at $28.91 to a day high of $29.18. The price has risen in 6 of the last 10 days and is up by 1.22% over the past 2 weeks. Volume has increased on the last day by 25 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, 252 thousand shares were bought and sold for approximately $7.33 million.
AUB Group Limited 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.
About AUB Group Limited:
AUB Group Limited provides engages in the insurance broking and underwriting businesses in Australia and New Zealand. The company provides insurance broking and advisory services primarily to SME clients; operates insurance broking networks represented by approximately 75 businesses, as well as distributes ancillary products; and underwrites, distributes, and manages insurance products and portfolios on behalf of licensed insurance companies. It also provides support services, such as loss adjustment, investigations, claims management, claims legal support, and rehabilitation services, as well as automated quoting, white-labelling, and technological support services. The company was formerly known as Austbrokers Holdings Limited and changed its name to AUB Group Limited in November 2015. AUB Group Limited was incorporated in 1885 and is based in North Sydney, Australia.
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.
