Breakout Stocks of Week 17 @ KSE
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 Shinpoong Paper Mfg. Co., Ltd KSE:002870. This stock has had a buy signal since Apr 17, 2024 when the price was ₩850.00 , but have so far fallen -1.18% to ₩840.00. Some other companies are on our watchlist to, among these are Nongshim Holdings Co.,Ltd. KSE:072710 Daehan Flour Mills Co.,Ltd KSE:001130 Hyosung ITX Co. Ltd. KSE:094280 and KB Asset Management Co., Ltd. - KBStar 200 Steels & Materials ETF Fund KSE:285020 which all got a breakout pattern emerging.
| Date | Company | Price | Week 17 |
|---|---|---|---|
| Shinpoong Paper Mfg. Co., Ltd | ₩840.00 | ₩820.00 | -2.38% |
| Nongshim Holdings Co.,ltd. | ₩64,100.00 | ₩66,400.00 | 3.59% |
| Daehan Flour Mills Co.,ltd | ₩129,500.00 | ₩136,500.00 | 5.41% |
| Hyosung Itx Co. Ltd. | ₩12,490.00 | ₩12,610.00 | 0.96% |
| Kb Asset Management Co., Ltd. - Kbstar 200 Steels... | ₩8,485.00 | ₩8,465.00 | -0.236% |
The Shinpoong Paper Mfg. Co., Ltd stock price fell by -0.592% on the last day (Friday, 19th Apr 2024) from ₩845.00 to ₩840.00. During the last trading day the stock fluctuated 4.12% from a day low at ₩826.00 to a day high of ₩860.00. The price has fallen in 7 of the last 10 days and is down by -5.3% for this period. Volume has increased on the last day by 9 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, 82 thousand shares were bought and sold for approximately ₩68.71 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 Shinpoong Paper Mfg. Co., Ltd stock to perform well in the short-term.
The Nongshim Holdings Co.,Ltd. stock price gained 0.313% on the last trading day (Friday, 19th Apr 2024), rising from ₩63,900.00 to ₩64,100.00. During the last trading day the stock fluctuated 1.26% from a day low at ₩63,400.00 to a day high of ₩64,200.00. The price has fallen in 7 of the last 10 days and is down by -3.17% for this period. Volume fell on the last day by -888 shares and in total, 3 thousand shares were bought and sold for approximately ₩194.29 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 Daehan Flour Mills Co.,Ltd stock price gained 0.0773% on the last trading day (Friday, 19th Apr 2024), rising from ₩129,400.00 to ₩129,500.00. During the last trading day the stock fluctuated 1.49% from a day low at ₩127,700.00 to a day high of ₩129,600.00. The price has fallen in 5 of the last 10 days and is down by -2.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately ₩297.98 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Daehan Flour Mills Co.,Ltd stock to perform well in the short-term period.
The Hyosung ITX Co. Ltd. stock price gained 0.0801% on the last trading day (Friday, 19th Apr 2024), rising from ₩12,480.00 to ₩12,490.00. During the last trading day the stock fluctuated 1.05% from a day low at ₩12,420.00 to a day high of ₩12,550.00. The price has fallen in 5 of the last 10 days and is down by -0.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 502 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately ₩52.76 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 Hyosung ITX Co. Ltd. stock to perform well in the short-term.
KB Asset Management Co., Ltd. - KBStar 200 Steels & Materials ETF Fund
KSE:285020The KB Asset Management Co., Ltd. - KBStar stock price fell by -0.82% on the last day (Friday, 19th Apr 2024) from ₩8,555.00 to ₩8,485.00. During the last trading day the stock fluctuated 1.55% from a day low at ₩8,365.00 to a day high of ₩8,495.00. The price has been going up and down for this period, and there has been a -0.99% loss for the last 2 weeks. Volume has increased on the last day by 328 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, 518 shares were bought and sold for approximately ₩4.40 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.
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.
