Sign InBreakout Stocks of Week 19 @ ASX
NASDAQ was up last week (week 18) by 1.12% ending at 25,114.44 points after gaining 277.84 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 Ridley Corporation Limited ASX:RIC. This stock has had a buy signal since Apr 20, 2026 when the price was $2.77 , but have so far fallen -0.542% to $2.75. Some other companies are on our watchlist to, among these are iShares S&P/ASX 20 ETF ASX:ILC Event Hospitality & Entertainment Limited ASX:EVT Alcoa Corporation ASX:AAI and GrainCorp Limited ASX:GNC which all got a breakout pattern emerging.
| Date | Company | Price | Week 19 |
|---|---|---|---|
| Ridley Corporation Limited | $2.75 | $2.71 | -1.45% |
| Ishares S&p/asx 20 Etf | A$34.10 | A$34.36 | 0.762% |
| Event Hospitality & Entertainment Limited | $12.08 | $11.67 | -3.39% |
| Alcoa Corporation | $89.62 | $87.26 | -2.63% |
| Graincorp Limited | $6.31 | $6.10 | -3.33% |
The Ridley Corporation Limited stock price fell by -1.43% on the last day (Friday, 1st May 2026) from $2.79 to $2.75. During the last trading day the stock fluctuated 2.19% from a day low at $2.74 to a day high of $2.80. The price has fallen in 5 of the last 10 days but is still up by 2.23% over the past 2 weeks. Volume has increased on the last day by 4 million 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, 5 million shares were bought and sold for approximately $13.55 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 Ridley Corporation Limited stock to perform well in the short-term.
About Ridley Corporation Limited:
Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australia. It operates in two segments, Packaged Feeds and Ingredients, and Bulk Stockfeeds. The company offers packaged products and supplements, such as bagged poultry, dairy, dog, horse, and lifestyle animal feeds, as well as block and loose lick supplements; aquafeed, which includes extruded and steam pelleted products for various fin fish and prawns; and rendered poultry, red meat, and fish products for the pet food, stockfeed, and aquaculture sectors. It also provides monogastric and ruminant feeds, such as pellets, meals, concentrates, and premixes for poultry, pigs, dairy cattle, beef cattle, and sheep. The company offers its products primarily under the Ridley, Barastoc, Rumevite, Cobber, Primo, and Food for Dogs brands. It provides nutrition solutions to various food producers in the dairy, poultry, pig, aquaculture, sheep, and beef industries; laboratory animals in the research sector; and equine, canine, and home layer markets in the recreational sector. The company also exports its products. Ridley Corporation Limited was incorporated in 1987 and is headquartered in Melbourne, Australia.
The iShares S&P/ASX 20 ETF price gained 0.768% on the last trading day (Friday, 1st May 2026), rising from A$33.84 to A$34.10. During the last trading day the ETF fluctuated 0.705% from a day low at A$34.03 to a day high of A$34.27. The price has fallen in 7 of the last 10 days and is down by -2.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 71 thousand more shares were traded than the day before. In total, 85 thousand shares were bought and sold for approximately A$2.90 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.
The Event Hospitality & Entertainment Ltd stock price gained 0.92% on the last trading day (Friday, 1st May 2026), rising from $11.97 to $12.08. During the last trading day the stock fluctuated 2.10% from a day low at $11.89 to a day high of $12.14. The price has fallen in 6 of the last 10 days and is down by -10.98% for this period. Volume fell on the last day by -13 thousand shares and in total, 253 thousand shares were bought and sold for approximately $3.05 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.
Event Hospitality & Entertainment Ltd 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 Event Hospitality & Entertainment Limited:
Event Hospitality & Entertainment Limited operates as an entertainment, hospitality, and leisure company in Australia, New Zealand, and Germany. The company operates through Entertainment, Hotels and Resorts, Thredbo Alpine Resort, and Property and Other Investments segments. It is involved in cinema exhibition operations under the Event Cinemas, Moonlight Cinemas, Greater Union and Birch, and Carroll & Coyle cinemas brands; and the operation of Cinebuzz Rewards, a movie loyalty program, as well as State Theatre, a 2,000-seat theatre located in Sydney. The company also supplies cinema technology solutions to the industry in digital and electronic cinema, and film projection portfolios; owns, operates, and manages hotels and resorts under the Rydges, QT, Atura, and Thredbo Alpine brand names; and operates Priority Guest Rewards, a hotel and resort rewards program. In addition, it invests in, develops, and rents properties; and invests in shares of unlisted companies. The company was formerly known as Amalgamated Holdings Limited and changed its name to Event Hospitality & Entertainment Limited in December 2015. Event Hospitality & Entertainment Limited was founded in 1910 and is headquartered in Sydney, Australia.
The Alcoa Corporation stock price gained 2.45% on the last trading day (Friday, 1st May 2026), rising from $87.48 to $89.62. During the last trading day the stock fluctuated 0.763% from a day low at $89.10 to a day high of $89.78. The price has been going up and down for this period, and there has been a -7.12% loss for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 122 thousand shares were bought and sold for approximately $10.89 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.
The Alcoa Corporation stock holds several negative signals and despite the positive trend, we believe Alcoa Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
The GrainCorp Limited stock price gained 2.10% on the last trading day (Friday, 1st May 2026), rising from $6.18 to $6.31. During the last trading day the stock fluctuated 3.27% from a day low at $6.12 to a day high of $6.32. The price has risen in 5 of the last 10 days but is still down by -0.63% for this period. Volume fell on the last day by -38 thousand shares and in total, 908 thousand shares were bought and sold for approximately $5.73 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.
GrainCorp Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
About GrainCorp Limited:
GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles, markets, and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, canola, and specialty commodities; handles, processes, stores, and transports grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils. It also manufactures and supplies molasses-based feed supplements and vegetable oil to enhance farm productivity in beef cattle, sheep, dairy cattle, and other domestic livestock fed; fibre-based, protein-based, or starch-based feeds; and additives, commodity blends, dry blends, liquid feeds, transition pellets, and calf feed. In addition, the company provides blended and single oils, infant nutrition products, bakery products, margarine and spreads, and frying shortening; crushes canola seeds and refines oil, as well as offers components for cooking oil, spreads and shortening, prepared foods, meal for dairy, poultry and livestock, cosmetics and lubricants, fuels, and other industrial applications; and operates seven bulk port terminals. Further it is involved in the procurement, shipping, accreditation, and value-added supply of tallow and used cooking oil, which are used for renewable energy feedstock and industrial applications, as well as vegetable oils; and the provision of logistics services. GrainCorp Limited was founded in 1916 and is headquartered in 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.
