Breakout Stocks of Week 25 @ CCY
NASDAQ was up last week (week 24) by 3.24% ending at 17,688.88 points after gaining 555.76 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/AUD CCY:XAUAUD. This stock has had a buy signal since Jun 14, 2024 when the price was A$3,526.35 , but have so far fallen 0% to A$3,526.35. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 25 |
|---|---|---|---|
| Xau/aud | A$3,526.35 | A$3,496.42 | -0.85% |
The XAU/AUD currency pair price gained 1.59% on the last trading day (Friday, 14th Jun 2024), rising from A$3,471.05 to A$3,526.35. During the last trading day the currency pair fluctuated 1.99% from a day low at A$3,470.12 to a day high of A$3,539.17. The price has risen in 5 of the last 10 days and is up by 0.81% 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, 16 thousand more shares were traded than the day before. In total, 305 thousand shares were bought and sold for approximately A$1.08 billion.
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 XAU/AUD currency pair to perform well in the short-term.
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.
