Breakout Stocks of Week 25 @ FRA
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 Invesco Euro Government Bond 1-3 Year Ucits Etf FRA:EIB3. This stock has had a buy signal since Jun 14, 2024 when the price was 37.41€ , but have so far fallen 0% to 37.41€. Some other companies are on our watchlist to, among these are CTS Eventim AG & Co KGaA FRA:EVD Bayer AG FRA:BAYN Vodafone Group Plc FRA:VODI and LEG Immobilien AG FRA:LEG which all got a breakout pattern emerging.
| Date | Company | Price | Week 25 |
|---|---|---|---|
| Invesco Euro Government Bond 1-3 Year Ucits Etf | 37.41€ | 37.42€ | 0.0348% |
| Cts Eventim Ag & Co Kgaa | 79.30€ | 78.90€ | -0.504% |
| Bayer Ag | 27.07€ | 26.00€ | -3.93% |
| Vodafone Group Plc | 0.82€ | 0.85€ | 3.04% |
| Leg Immobilien Ag | 77.20€ | 75.32€ | -2.44% |
The Invesco Euro Government Bond 1-3 Year ETF price gained 0.107% on the last trading day (Friday, 14th Jun 2024), rising from 37.37€ to 37.41€. During the last trading day the ETF fluctuated 0.107% from a day low at 37.39€ to a day high of 37.43€. The price has risen in 6 of the last 10 days but is still down by -0.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 78 thousand more shares were traded than the day before. In total, 82 thousand shares were bought and sold for approximately 3.08€ million.
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 CTS Eventim AG & Co KGaA stock price fell by -0.314% on the last day (Friday, 14th Jun 2024) from 79.55€ to 79.30€. During the last trading day the stock fluctuated 2.04% from a day low at 78.30€ to a day high of 79.90€. The price has fallen in 6 of the last 10 days and is down by -0.13% for this period. Volume has increased on the last day by 25 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, 118 thousand shares were bought and sold for approximately 9.33€ million.
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 Bayer AG stock price fell by -1.02% on the last day (Friday, 14th Jun 2024) from 27.35€ to 27.07€. During the last trading day the stock fluctuated 2.59% from a day low at 27.02€ to a day high of 27.72€. The price has fallen in 7 of the last 10 days and is down by -4.16% 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, 3 million shares were bought and sold for approximately 71.21€ million.
Bayer AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
The Vodafone Group Plc stock price gained 0.293% on the last trading day (Friday, 14th Jun 2024), rising from 0.82€ to 0.82€. During the last trading day the stock fluctuated 2.33% from a day low at 0.82€ to a day high of 0.83€. The price has fallen in 7 of the last 10 days and is down by -7.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately 2.27€ million.
Vodafone Group Plc 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.
About Vodafone Group Plc:
Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers. It also provides value added services, such as Internet of Things (IoT) comprising logistics and fleet management, smart metering, insurance, cloud, and security services; and automotive and health solutions. In addition, the company offers M-Pesa, an African payment platform, which provides money transfer, financial, and business and merchant payment services; and various services to operators through its partner market agreements. Vodafone Group Public Limited Company has a strategic partnership with Open Fiber. As of March 31, 2022, it had approximately 323 million mobile customers, 28 million fixed broadband customers, and 22 million TV customers. The company was incorporated in 1984 and is based in Newbury, the United Kingdom.
The LEG Immobilien AG stock price gained 1.50% on the last trading day (Friday, 14th Jun 2024), rising from 76.06€ to 77.20€. During the last trading day the stock fluctuated 2.41% from a day low at 75.44€ to a day high of 77.26€. The price has been going up and down for this period, and there has been a -4.97% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 173 thousand shares were bought and sold for approximately 13.39€ million.
LEG Immobilien AG 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 LEG Immobilien AG:
LEG Immobilien AG, together with its subsidiaries, operates as an integrated property company in Germany. The company engages in the performance of services and management of equity investments; property management and location development; performance of services for third parties and housing industry services; and generation of electricity and heat. It also provides IT and management services for third-party. As of December 31, 2021, the company's property portfolio consisted of 166,189 residential units; 1,576 commercial units; and 45,438 garages and parking spaces in North Rhine-Westphalia. LEG Immobilien AG was founded in 1970 and is headquartered in Düsseldorf, Germany.
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.
