Breakout Stocks of Week 18 @ KOSDAQ
NASDAQ was up last week (week 17) by 4.23% ending at 15,927.90 points after gaining 645.89 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 ICD Co., Ltd. KOSDAQ:040910. This stock has had a buy signal since Apr 26, 2024 when the price was ₩8,740.00 , but have so far fallen 0% to ₩8,740.00. Some other companies are on our watchlist to, among these are Kona I Co.,Ltd. KOSDAQ:052400 Abclon Inc. KOSDAQ:174900 Creative & Innovative System Corporation KOSDAQ:222080 and UniTest Incorporation KOSDAQ:086390 which all got a breakout pattern emerging.
| Date | Company | Price | Week 18 |
|---|---|---|---|
| Icd Co., Ltd. | ₩8,740.00 | ₩8,740.00 | 0% |
| Kona I Co.,ltd. | ₩18,070.00 | ₩17,500.00 | -3.15% |
| Abclon Inc. | ₩16,000.00 | ₩16,480.00 | 3.00% |
| Creative & Innovative System Corporation | ₩11,140.00 | ₩11,540.00 | 3.59% |
| Unitest Incorporation | ₩14,300.00 | ₩14,350.00 | 0.350% |
The ICD Co., Ltd. stock price gained 5.43% on the last trading day (Friday, 26th Apr 2024), rising from ₩8,290.00 to ₩8,740.00. During the last trading day the stock fluctuated 9.38% from a day low at ₩8,320.00 to a day high of ₩9,100.00. The price has fallen in 6 of the last 10 days and is down by -8.96% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 186 thousand more shares were traded than the day before. In total, 413 thousand shares were bought and sold for approximately ₩3.61 billion.
ICD Co., Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
The Kona I Co.,Ltd. stock price fell by -1.58% on the last day (Friday, 26th Apr 2024) from ₩18,360.00 to ₩18,070.00. During the last trading day the stock fluctuated 3.41% from a day low at ₩17,890.00 to a day high of ₩18,500.00. The price has been going up and down for this period, and there has been a -0.06% loss for the last 2 weeks. Volume has increased on the last day by 4 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, 33 thousand shares were bought and sold for approximately ₩596.71 million.
Kona I Co.,Ltd. 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 Abclon Inc. stock price fell by -0.621% on the last day (Friday, 26th Apr 2024) from ₩16,100.00 to ₩16,000.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.98% from a day low at ₩15,840.00 to a day high of ₩16,470.00. The price has fallen in 6 of the last 10 days and is down by -0.44% for this period. Volume has increased on the last day by 559 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, 69 thousand shares were bought and sold for approximately ₩1.10 billion.
Abclon Inc. 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 Creative & Innovative System Corporation stock price gained 1.18% on the last trading day (Friday, 26th Apr 2024), rising from ₩11,010.00 to ₩11,140.00. During the last trading day the stock fluctuated 2.62% from a day low at ₩11,050.00 to a day high of ₩11,340.00. The price has been going up and down for this period, and there has been a 0.45% gain 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, 92 thousand more shares were traded than the day before. In total, 420 thousand shares were bought and sold for approximately ₩4.68 billion.
Creative & Innovative System Corporation 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.
The UniTest Incorporation stock price gained 0.563% on the last trading day (Friday, 26th Apr 2024), rising from ₩14,220.00 to ₩14,300.00. During the last trading day the stock fluctuated 4.29% from a day low at ₩14,210.00 to a day high of ₩14,820.00. The price has been going up and down for this period, and there has been a -5.11% loss for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 177 thousand shares were bought and sold for approximately ₩2.53 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.
The UniTest Incorporation stock holds several negative signals and despite the positive trend, we believe UniTest Incorporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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.
