Breakout Stocks of Week 20 @ GER
NASDAQ was up last week (week 19) by 1.18% ending at 16,346.26 points after gaining 189.94 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 Gerresheimer AG GER:GXI. This stock has had a buy signal since May 10, 2024 when the price was 100.40€ , but have so far fallen 0% to 100.40€. Some other companies are on our watchlist to, among these are Talanx AG GER:TLX Bayerische Motoren Werke Aktiengesellschaft GER:BMW SAF-Holland S.A. GER:SFQ and BASF SE GER:BAS which all got a breakout pattern emerging.
| Date | Company | Price | Week 20 |
|---|---|---|---|
| Gerresheimer Ag | 100.40€ | 99.40€ | -1.00% |
| Talanx Ag | 69.75€ | 71.65€ | 2.72% |
| Bayerische Motoren Werke Aktiengesellschaft | 101.60€ | 96.02€ | -5.49% |
| Saf-holland S.a. | 17.00€ | 17.64€ | 3.76% |
| Basf Se | 48.81€ | 48.88€ | 0.143% |
The Gerresheimer AG stock price gained 1.26% on the last trading day (Friday, 10th May 2024), rising from 99.15€ to 100.40€. During the last trading day the stock fluctuated 3.07% from a day low at 97.60€ to a day high of 100.60€. The price has risen in 7 of the last 10 days and is up by 1.21% 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, 62 thousand more shares were traded than the day before. In total, 151 thousand shares were bought and sold for approximately 15.15€ million.
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 Gerresheimer AG stock to perform well in the short-term.
About Gerresheimer AG:
Gerresheimer AG, together with its subsidiaries, manufactures and sells packaging products, and drug delivery-devices and solutions worldwide. It operates through Plastics & Devices, Primary Packaging Glass, and Advanced Technologies divisions. The Plastics & Devices division offers drug delivery systems, including inhalers, insulin pen systems, prefillable syringes, and diagnostic systems for the pharma, biotech, diagnostics, and medical technology industries; containers and closures, PET bottles, eye droppers, nasal sprays, nebulizers, applicators, and accessories for solid, liquid, and ophthalmic applications; and bottles and containers for nutritional supplements. The Primary Packaging Glass division offers glass primary packaging for pharma and cosmetics industries, such as infusion, dropper, and syrup bottles; injection vials, ampoules, and cartridges; miniature bottles and glass containers for liquid food, spices, and spirits; and packaging solutions for fragrances, deodorants, skin care, and wellness products, as well as beauty and pharmaceutical products. The Advanced Technologies division develops smart drug delivery systems, such as micro pumps, which are used to self-administer medication for Parkinson's disease or heart failure to pharmaceutical and biotech customers. The company was founded in 1864 and is headquartered in Düsseldorf, Germany.
The Talanx AG stock price gained 1.31% on the last trading day (Friday, 10th May 2024), rising from 68.85€ to 69.75€. During the last trading day the stock fluctuated 1.23% from a day low at 68.90€ to a day high of 69.75€. The price has risen in 6 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 79 thousand more shares were traded than the day before. In total, 172 thousand shares were bought and sold for approximately 12.00€ million.
Talanx 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.
About Talanx AG:
Talanx AG provides insurance and reinsurance products and services worldwide. The company offers life, casualty, liability, motor, aviation, legal protection, fire, burglary and theft, water damage, plate glass, windstorm, comprehensive householders, comprehensive home-owners, hail, livestock, engineering, omnium, marine, business interruption, travel assistance, aviation and space liability, financial lines, and other property insurance, as well as coverage for fire and fire loss of profits insurance. It also provides bancassurance products; unit linked life insurance, annuity and risk insurance, and long term and occupational disability insurance products; personal accident insurance; and Sharia-compliant retakaful reinsurance products. The company offers property and casualty, marine and aviation, credit/surety, agriculture, structured, and life and health reinsurance, as well as engages in the facultative and nat cat, and asset management businesses. The company was founded in 1996 and is based in Hanover, Germany. Talanx AG operates as a subsidiary of HDI Haftpflichtverband der Deutschen Industrie Versicherungsverein auf Gegenseitigkeit.
The Bayerische Motoren Werke stock price fell by -0.0492% on the last day (Friday, 10th May 2024) from 101.65€ to 101.60€. During the last trading day the stock fluctuated 1.78% from a day low at 100.85€ to a day high of 102.65€. The price has risen in 6 of the last 10 days but is still down by -3.28% for this period. Volume has increased on the last day by 354 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, 1 million shares were bought and sold for approximately 112.30€ million.
Bayerische Motoren Werke 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 Bayerische Motoren Werke Aktiengesellschaft:
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment is involved in the development, manufacture, assembling, and sale of automobiles, spare parts, accessories, and mobility services under the BMW, MINI, and Rolls-Royce brands. This segment sells its products through independent and authorized dealerships. The Motorcycles segment develops, manufactures, assembles, and sells motorcycles and scooters under the BMW Motorrad brand name, as well as spare parts and accessories. The Financial Services segment engages in automobile leasing, retail and dealership financing, multi-brand fleet, customer deposit, and insurance activities; and the provision of fleet management services under the Alphabet brand. The company was founded in 1916 and is based in Munich, Germany.
The SAF-Holland S.A. stock price gained 3.03% on the last trading day (Friday, 10th May 2024), rising from 16.50€ to 17.00€. During the last trading day the stock fluctuated 2.75% from a day low at 16.72€ to a day high of 17.18€. The price has risen in 6 of the last 10 days but is still down by -5.76% for this period. Volume fell on the last day by -71 thousand shares and in total, 127 thousand shares were bought and sold for approximately 2.15€ 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.
SAF-Holland S.A. 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 SAF-Holland S.A.:
SAF-Holland SE manufactures and supplies chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses. The company offers axle and suspension systems, fifth wheels, coupling systems, kingpins, and landing gears, as well as ball races, braking and EBS systems, lighting systems, and disc brakes. It markets its products under the SAF, Holland, Neway, KLL, V.Orlandi, TrailerMaster, and York brands. The company serves original equipment manufacturers. It primarily operates in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company was founded in 1881 and is headquartered in Bessenbach, Germany.
The BASF SE stock price fell by -2.08% on the last day (Friday, 10th May 2024) from 49.84€ to 48.81€. During the last trading day the stock fluctuated 2.81% from a day low at 48.69€ to a day high of 50.06€. The price has risen in 6 of the last 10 days but is still down by -4.29% for this period. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately 160.87€ million.
BASF SE 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 BASF SE:
BASF SE operates as a chemical company worldwide. The company operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries. The Industrial Solutions segment develops and markets ingredients and additives for industrial applications, such as polymer dispersions, pigments, resins, electronic materials, antioxidants, light stabilizers, oilfield chemicals, mineral processing, and hydrometallurgical chemicals. The Surface Technologies segment offers chemical solutions and automotive OEM, which include refinish coatings, surface treatment, catalysts, battery materials, and precious and base metal services for the automotive and chemical industries. The Nutrition & Care segment provides nutrition and care ingredients for food and feed producers, as well as pharmaceutical, cosmetics, detergent, and cleaner industries. The Agricultural Solutions segment offers crop protection products and seeds, such as fungicides, herbicides, insecticides, and biological crop production products, as well as seed treatment products. The company has strategic partnerships with Contemporary Amperex TechnologyCo., Limited on battery materials solutions, including cathode active materials and battery recycling. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, 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.
