Breakout Stocks of Week 24 @ GER
NASDAQ was up last week (week 23) by 2.38% ending at 17,133.13 points after gaining 398.11 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 E.ON SE GER:EOAN. This stock has had a buy signal since May 31, 2024 when the price was 12.28€ and is so far up 0.407% to 12.33€. Some other companies are on our watchlist to, among these are Hensoldt AG GER:HAG and HeidelbergCement AG GER:HEI which all got a breakout pattern emerging.
| Date | Company | Price | Week 24 |
|---|---|---|---|
| E.on Se | 12.33€ | 12.43€ | 0.81% |
| Hensoldt Ag | 37.08€ | 31.92€ | -13.92% |
| Heidelbergcement Ag | 95.52€ | 95.26€ | -0.272% |
The E.ON SE stock price fell by -1.91% on the last day (Friday, 7th Jun 2024) from 12.57€ to 12.33€. During the last trading day the stock fluctuated 2.24% from a day low at 12.29€ to a day high of 12.57€. The price has risen in 6 of the last 10 days but is still down by -0.16% for this period. Volume has increased on the last day by 152 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, 4 million shares were bought and sold for approximately 47.88€ 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.
About E.ON SE:
E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, Belgium, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services. The Customer Solutions segment supplies power, gas, and heat, as well as with products and services that enhance energy efficiency to residential, small and medium-sized enterprises, large commercial and industrial, sales partners, and public entities. In addition, the company operates, generates, and dismantles nuclear power stations in Germany and Turkey. Further, it provides SmartSim, a software solution that allows renewable gases to be fed into gas grids; gas quality tracking solutions; GasPro, a mobile gas sample collector; metering solutions; and GasCalc, a software that calculates natural gases, LNG, and biogases properties. The company was founded in 1923 and is headquartered in Essen, Germany.
The Hensoldt AG stock price gained 0.0540% on the last trading day (Friday, 7th Jun 2024), rising from 37.06€ to 37.08€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.70% from a day low at 36.50€ to a day high of 37.12€. The price has risen in 7 of the last 10 days but is still down by -0.59% for this period. Volume fell on the last day by -6 thousand shares and in total, 112 thousand shares were bought and sold for approximately 4.17€ 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.
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 HeidelbergCement AG stock price gained 0.421% on the last trading day (Friday, 7th Jun 2024), rising from 95.12€ to 95.52€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.95% from a day low at 94.56€ to a day high of 96.40€. The price has fallen in 6 of the last 10 days and is down by -4.44% for this period. 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, 273 thousand shares were bought and sold for approximately 26.07€ million.
HeidelbergCement 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 HeidelbergCement AG:
HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products, natural stone aggregates, such as sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and concrete/ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts consisting of stairs, ceiling elements, or structural components. In addition, it provides asphalt primarily used as a top layer in road construction, as well as trades in cement, clinker, secondary cementitious materials, and solid and alternative fuels. HeidelbergCement AG was founded in 1873 and is headquartered in Heidelberg, 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.
