Breakout Stocks of Week 27 @ KOSDAQ
NASDAQ was up last week (week 26) by 0.244% ending at 17,732.60 points after gaining 43.24 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 Jeio Co., Ltd. KOSDAQ:418550. This stock has had a buy signal since Jun 25, 2024 when the price was ₩24,000.00 , but have so far fallen -1.88% to ₩23,550.00. Some other companies are on our watchlist to, among these are Yunsung F&c Co.,ltd KOSDAQ:372170 Kangwon Energy Co., Ltd. KOSDAQ:114190 De&t Co., Ltd. KOSDAQ:079810 and Soulbrain Co., Ltd. KOSDAQ:357780 which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Jeio Co., Ltd. | ₩23,550.00 | ₩23,050.00 ( 2nd Jul 2024 ) | -2.12% |
| Yunsung F&c Co.,ltd | ₩69,500.00 | ₩67,600.00 ( 2nd Jul 2024 ) | -2.73% |
| Kangwon Energy Co., Ltd. | ₩15,860.00 | ₩15,240.00 ( 2nd Jul 2024 ) | -3.91% |
| De&t Co., Ltd. | ₩10,760.00 | ₩11,160.00 ( 2nd Jul 2024 ) | 3.72% |
| Soulbrain Co., Ltd. | ₩290,500.00 | ₩287,500.00 ( 2nd Jul 2024 ) | -1.03% |
The Jeio Co., Ltd. stock price fell by -3.09% on the last day (Friday, 28th Jun 2024) from ₩24,300.00 to ₩23,550.00. During the last trading day the stock fluctuated 4.75% from a day low at ₩23,150.00 to a day high of ₩24,250.00. The price has fallen in 5 of the last 10 days and is down by -2.08% 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 -56 thousand shares and in total, 235 thousand shares were bought and sold for approximately ₩5.52 billion.
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 Jeio Co., Ltd. stock to perform well in the short-term.
The Yunsung F&c Co.,ltd stock price gained 1.16% on the last trading day (Friday, 28th Jun 2024), rising from ₩68,700.00 to ₩69,500.00. During the last trading day the stock fluctuated 5.34% from a day low at ₩67,400.00 to a day high of ₩71,000.00. The price has fallen in 9 of the last 10 days and is down by -13.99% for this period. Volume fell on the last day by -642 shares and in total, 46 thousand shares were bought and sold for approximately ₩3.16 billion. 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 Kangwon Energy Co., Ltd. stock price gained 1.41% on the last trading day (Friday, 28th Jun 2024), rising from ₩15,640.00 to ₩15,860.00. During the last trading day the stock fluctuated 5.53% from a day low at ₩15,380.00 to a day high of ₩16,230.00. The price has fallen in 7 of the last 10 days and is down by -26.74% for this period. Volume fell on the last day by -219 thousand shares and in total, 237 thousand shares were bought and sold for approximately ₩3.76 billion. 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 De&t Co., Ltd. stock price gained 0.186% on the last trading day (Friday, 28th Jun 2024), rising from ₩10,740.00 to ₩10,760.00. During the last trading day the stock fluctuated 3.10% from a day low at ₩10,640.00 to a day high of ₩10,970.00. The price has fallen in 7 of the last 10 days and is down by -13.44% for this period. Volume fell on the last day by -36 thousand shares and in total, 115 thousand shares were bought and sold for approximately ₩1.23 billion. 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.
De&t Co., Ltd. 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 Soulbrain Co., Ltd. stock price fell by -0.343% on the last day (Friday, 28th Jun 2024) from ₩291,500.00 to ₩290,500.00. During the last trading day the stock fluctuated 2.28% from a day low at ₩285,500.00 to a day high of ₩292,000.00. The price has fallen in 6 of the last 10 days and is down by -4.75% for this period. Volume has increased on the last day by 3 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, 18 thousand shares were bought and sold for approximately ₩5.35 billion.
Soulbrain Co., Ltd. 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.
