Breakout Stocks of Week 27 @ BATS
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 iShares MSCI EAFE Value ETF BATS:EFV. This stock has had a buy signal since May 24, 2024 when the price was $55.73 , but have so far fallen -4.83% to $53.04. Some other companies are on our watchlist to, among these are Legg Mason International Low Volatility High Dividend ETF BATS:LVHI Dimensional International Core Equity 2 Etf BATS:DFIC iShares Core MSCI EAFE ETF BATS:IEFA and iShares Edge MSCI Min Vol EAFE ETF BATS:EFAV which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Ishares Msci Eafe Value Etf | $53.04 | $53.40 ( 2nd Jul 2024 ) | 0.679% |
| Legg Mason International Low Volatility High Divid... | $29.64 | $29.83 ( 2nd Jul 2024 ) | 0.641% |
| Dimensional International Core Equity 2 Etf | $26.29 | $26.38 ( 2nd Jul 2024 ) | 0.342% |
| Ishares Core Msci Eafe Etf | $72.64 | $72.92 ( 2nd Jul 2024 ) | 0.385% |
| Ishares Edge Msci Min Vol Eafe Etf | $69.36 | $69.50 ( 2nd Jul 2024 ) | 0.209% |
The iShares MSCI EAFE Value ETF price gained 0.455% on the last trading day (Friday, 28th Jun 2024), rising from $52.80 to $53.04. During the last trading day the ETF fluctuated 0.540% from a day low at $52.82 to a day high of $53.11. The price has risen in 6 of the last 10 days and is up by 0.26% 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, 621 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $101.41 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares MSCI EAFE Value ETF to perform well in the short-term period.
Legg Mason International Low Volatility High Dividend ETF
BATS:LVHIThe Legg Mason International Low Volatility ETF price fell by -0.101% on the last day (Friday, 28th Jun 2024) from $29.67 to $29.64. During the last trading day the ETF fluctuated 0.643% from a day low at $29.57 to a day high of $29.76. The price has been going up and down for this period, and there has been a 0.3% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -245 thousand shares and in total, 92 thousand shares were bought and sold for approximately $2.72 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Legg Mason International Low Volatility ETF to perform well in the short-term period.
The Dimensional International Core Equity 2 ETF price gained 0.0761% on the last trading day (Friday, 28th Jun 2024), rising from $26.27 to $26.29. During the last trading day the ETF fluctuated 0.613% from a day low at $26.17 to a day high of $26.34. The price has risen in 6 of the last 10 days but is still down by -1.41% for this period. Volume fell on the last day by -151 thousand shares and in total, 1 million shares were bought and sold for approximately $26.70 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.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dimensional International Core Equity 2 ETF to perform well in the short-term period.
The iShares Core MSCI EAFE ETF price gained 0.0965% on the last trading day (Friday, 28th Jun 2024), rising from $72.57 to $72.64. During the last trading day the ETF fluctuated 0.726% from a day low at $72.33 to a day high of $72.86. The price has risen in 7 of the last 10 days but is still down by -0.48% for this period. Volume fell on the last day by -5 million shares and in total, 8 million shares were bought and sold for approximately $547.21 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.
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 iShares Edge MSCI Min Vol EAFE ETF price gained 0.238% on the last trading day (Friday, 28th Jun 2024), rising from $69.19 to $69.36. During the last trading day the ETF fluctuated 0.448% from a day low at $69.12 to a day high of $69.43. The price has risen in 6 of the last 10 days and is up by 0.05% 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, 186 thousand more shares were traded than the day before. In total, 395 thousand shares were bought and sold for approximately $27.43 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares Edge MSCI Min Vol EAFE ETF to perform well in the short-term period.
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.
