Breakout Stocks of Week 26 @ CCY
NASDAQ was up last week (week 25) by 0.0027% ending at 17,689.36 points after gaining 0.478 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 -0.85% to A$3,496.42. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 26 |
|---|---|---|---|
| Xau/aud | A$3,496.42 | A$3,488.31 | -0.232% |
The XAU/AUD currency pair price fell by -1.34% on the last day (Friday, 21st Jun 2024) from A$3,543.97 to A$3,496.42. During the last trading day the currency pair fluctuated 2.01% from a day low at A$3,489.86 to a day high of A$3,559.93. The price has fallen in 6 of the last 10 days but is still up by 0.29% over the past 2 weeks. Volume has increased on the last day by 6 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, 240 thousand shares were bought and sold for approximately A$840.37 million.
XAU/AUD 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.
