Breakout Stocks of Week 17 @ JNB
NASDAQ fell hard last week and was down all -5.52% ending at 15,282.01 points after ending the week prior at 16,175.09 points. The sharp fall could pose a good buying opportunity. 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 Capitec Bank Holdings Limited JNB:CPI. This stock has had a buy signal since Apr 18, 2024 when the price was $201,710.00 , but have so far fallen -0.85% to $200,000.00. Some other companies are on our watchlist to, among these are FNB Top40 ETF JNB:FNBT40 Nedbank Group Limited JNB:NED Sygnia Itrix Global Property ETF JNB:SYGP and Lighthouse Properties plc JNB:LTE which all got a breakout pattern emerging.
| Date | Company | Price | Week 17 |
|---|---|---|---|
| Capitec Bank Holdings Limited | $200,000.00 | $223,967.00 | 11.98% |
| Fnb Top40 Etf | $6,792.00 | $7,025.00 | 3.43% |
| Nedbank Group Limited | $21,506.00 | $22,264.00 | 3.52% |
| Sygnia Itrix Global Property Etf | $4,563.00 | $4,560.00 | -0.0657% |
| Lighthouse Properties Plc | $772.00 | $805.00 | 4.27% |
The Capitec Bank Holdings Limited stock price fell by -0.85% on the last day (Friday, 19th Apr 2024) from $201,710.00 to $200,000.00. During the last trading day the stock fluctuated 2.69% from a day low at $196,415.00 to a day high of $201,703.00. The price has fallen in 7 of the last 10 days and is down by -9.06% 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 -158 thousand shares and in total, 263 thousand shares were bought and sold for approximately $52.62 billion.
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 FNB Top40 ETF stock price fell by -0.90% on the last day (Friday, 19th Apr 2024) from $6,854.00 to $6,792.00. During the last trading day the stock fluctuated 0.324% from a day low at $6,792.00 to a day high of $6,814.00. The price has been going up and down for this period, and there has been a -1.82% loss for the last 2 weeks. 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 -15 thousand shares and in total, 6 thousand shares were bought and sold for approximately $42.76 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 Nedbank Group Limited stock price fell by -0.264% on the last day (Friday, 19th Apr 2024) from $21,563.00 to $21,506.00. During the last trading day the stock fluctuated 2.08% from a day low at $21,207.00 to a day high of $21,648.00. The price has fallen in 6 of the last 10 days and is down by -6.25% 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 -365 thousand shares and in total, 2 million shares were bought and sold for approximately $33.38 billion.
Nedbank Group Limited 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.
The Sygnia Itrix Global Property ETF stock price gained 0.573% on the last trading day (Friday, 19th Apr 2024), rising from $4,537.00 to $4,563.00. During the last trading day the stock fluctuated 0.154% from a day low at $4,556.00 to a day high of $4,563.00. The price has been going up and down for this period, and there has been a -2.19% 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, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $17.14 million.
Sygnia Itrix Global Property ETF 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.
The Lighthouse Properties plc stock price fell by -0.90% on the last day (Friday, 19th Apr 2024) from $779.00 to $772.00. During the last trading day the stock fluctuated 1.69% from a day low at $769.00 to a day high of $782.00. The price has been going up and down for this period, and there has been a -2.28% loss for the last 2 weeks. 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 -107 thousand shares and in total, 317 thousand shares were bought and sold for approximately $244.88 million.
Lighthouse Properties 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.
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.
