Breakout Stocks of Week 27 @ CCY
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 XAU/CAD CCY:XAUCAD. This stock has had a buy signal since Jun 27, 2024 when the price was $3,185.83 , but have so far fallen -0.123% to $3,181.92. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Xau/cad | $3,181.92 | $3,186.42 ( 2nd Jul 2024 ) | 0.142% |
The XAU/CAD currency pair price fell by -0.123% on the last day (Friday, 28th Jun 2024) from $3,185.83 to $3,181.92. During the last trading day the currency pair fluctuated 0.81% from a day low at $3,178.69 to a day high of $3,204.28. The price has been going up and down for this period, and there has been a -0.61% loss for the last 2 weeks. Volume has increased on the last day by 21 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, 257 thousand shares were bought and sold for approximately $818.72 million.
XAU/CAD 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.
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.
