Sign InBreakout Stocks of Week 20 @ ASX
NASDAQ was up last week (week 19) by 4.51% ending at 26,247.08 points after gaining 1,132.63 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 Superloop Limited ASX:SLC. This stock has had a buy signal since Feb 17, 2026 when the price was $2.42 and is so far up 44.21% to $3.49. Some other companies are on our watchlist to, among these are The Lottery Corporation Limited ASX:TLC Alcoa Corporation ASX:AAI BetaShares Australian Bank Senior Floating Rate Bond ETF ASX:QPON and New Hope Corporation Limited ASX:NHC which all got a breakout pattern emerging.
| Date | Company | Price | Week 20 |
|---|---|---|---|
| Superloop Limited | $3.49 | $3.48 | -0.287% |
| The Lottery Corporation Limited | $5.30 | $5.36 | 1.13% |
| Alcoa Corporation | $87.26 | $89.41 | 2.46% |
| Betashares Australian Bank Senior Floating Rate Bo... | A$26.20 | A$26.24 | 0.153% |
| New Hope Corporation Limited | $5.03 | $5.23 | 3.98% |
The Superloop Limited stock price gained 1.16% on the last trading day (Friday, 8th May 2026), rising from $3.45 to $3.49. During the last trading day the stock fluctuated 2.20% from a day low at $3.42 to a day high of $3.49. The price has risen in 6 of the last 10 days and is up by 2.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 87 thousand more shares were traded than the day before. In total, 809 thousand shares were bought and sold for approximately $2.82 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 Superloop Limited stock to perform well in the short-term.
About Superloop Limited:
Superloop Limited engages in the design, development, construction, and operation of independent telecommunications infrastructure in the Asia Pacific region. It offers network solutions for wholesale, enterprise, and channel customers. The company is also involved in the operation of a fixed wireless network; and provision of cloud and managed services, and cyber security and cyber safety services. In addition, it manages and delivers broadband solutions for various environments, including student accommodations, hotels, and schools; and offers residential and small business broadband services through fixed wireless or fixed line NBN services. The company was incorporated in 2014 and is headquartered in Brisbane, Australia.
The The Lottery Corporation Limited stock price fell by -0.93% on the last day (Friday, 8th May 2026) from $5.35 to $5.30. During the last trading day the stock fluctuated 1.90% from a day low at $5.26 to a day high of $5.36. The price has been going up and down for this period, and there has been a -4.16% 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 -4 million shares and in total, 4 million shares were bought and sold for approximately $22.51 million.
The Lottery Corporation 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.
The Alcoa Corporation stock price gained 0.599% on the last trading day (Friday, 8th May 2026), rising from $86.74 to $87.26. During the last trading day the stock fluctuated 2.23% from a day low at $85.78 to a day high of $87.69. The price has been going up and down for this period, and there has been a -4.7% loss for the last 2 weeks. Volume fell on the last day by -85 thousand shares and in total, 79 thousand shares were bought and sold for approximately $6.91 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.
Alcoa Corporation 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.
BetaShares Australian Bank Senior Floating Rate Bond ETF
ASX:QPONThe BetaShares Australian Bank Senior ETF price fell by -0.0763% on the last day (Friday, 8th May 2026) from A$26.22 to A$26.20. During the last trading day the ETF fluctuated 0.191% from a day low at A$26.18 to a day high of A$26.23. The price has fallen in 4 of the last 10 days and is down by -0.27% for this period. Volume has increased on the last day by 156 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, 493 thousand shares were bought and sold for approximately A$12.92 million.
BetaShares Australian Bank Senior 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 New Hope Corporation Limited stock price fell by -1.18% on the last day (Friday, 8th May 2026) from $5.09 to $5.03. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.40% from a day low at $4.99 to a day high of $5.11. The price has fallen in 5 of the last 10 days and is down by -5.63% 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 -2 million shares and in total, 2 million shares were bought and sold for approximately $10.91 million.
New Hope Corporation 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 New Hope Corporation Limited:
New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas properties. It operates through three segments: Coal Mining in Queensland, Coal Mining in New South Wales, and Other. The company holds interests in two open-cut coal mines that produce thermal coal, which include the New Acland project located in north Oakey, Queensland; and the Bengalla mine situated in the Hunter Valley region of New South Wales. It also holds 849 square kilometers of net oil-producing acreage in nine production projects located in the Cooper-Eromanga Basin. In addition, the company engages in the farming, grazing, and land management activities; operation of bulk handling facility; port operation; and logistics and marketing business. It has operations in Japan, China, Taiwan, Chile, Korea, Vietnam, India, Australia, and internationally. The company was incorporated in 1986 and is headquartered in Brisbane, 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.
GOLDEN STAR
| Ticker | Change | Signal Date |
|---|---|---|
RUN
$12.83
|
4.09% | May 06 |
GLBE
$31.61
|
1.65% | May 05 |
SAP
$172.39
|
7.18% | May 05 |
FIZZ
$34.11
|
7.04% | May 01 |
ADBE
$243.57
|
3.23% | Apr 29 |
