Breakout Stocks of Week 21 @ KSE
NASDAQ was up last week (week 20) by 2.15% ending at 16,698.32 points after gaining 352.06 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 Innocean Worldwide Inc. KSE:214320. This stock has had a buy signal since Apr 24, 2024 when the price was ₩22,400.00 , but have so far fallen -0.670% to ₩22,250.00. Some other companies are on our watchlist to, among these are LS Networks Corporation Limited KSE:000680 Samsung Electronics Co., Ltd. KSE:005930 E-Starco. Co. Ltd KSE:015020 and Shinhung Co., Ltd KSE:004080 which all got a breakout pattern emerging.
| Date | Company | Price | Week 21 |
|---|---|---|---|
| Innocean Worldwide Inc. | ₩22,250.00 | ₩22,250.00 | 0% |
| Ls Networks Corporation Limited | ₩4,535.00 | ₩4,860.00 | 7.17% |
| Samsung Electronics Co., Ltd. | ₩77,400.00 | ₩75,900.00 | -1.94% |
| E-starco. Co. Ltd | ₩742.00 | ₩723.00 | -2.56% |
| Shinhung Co., Ltd | ₩14,710.00 | ₩14,650.00 | -0.408% |
The Innocean Worldwide Inc. stock price gained 0.451% on the last trading day (Friday, 17th May 2024), rising from ₩22,150.00 to ₩22,250.00. During the last trading day the stock fluctuated 1.36% from a day low at ₩22,100.00 to a day high of ₩22,400.00. The price has fallen in 7 of the last 10 days and is down by -2.2% for this period. Volume fell on the last day by -40 thousand shares and in total, 36 thousand shares were bought and sold for approximately ₩794.30 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 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 Innocean Worldwide Inc. stock to perform well in the short-term.
The LS Networks Corporation Limited stock price fell by -2.16% on the last day (Friday, 17th May 2024) from ₩4,635.00 to ₩4,535.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.77% from a day low at ₩4,510.00 to a day high of ₩4,635.00. The price has fallen in 7 of the last 10 days and is down by -4.12% 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 -54 thousand shares and in total, 593 thousand shares were bought and sold for approximately ₩2.69 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 LS Networks Corporation Limited stock to perform well in the short-term.
The Samsung Electronics Co., Ltd. stock price fell by -1.02% on the last day (Friday, 17th May 2024) from ₩78,200.00 to ₩77,400.00. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.07% from a day low at ₩77,200.00 to a day high of ₩78,800.00. The price has fallen in 7 of the last 10 days and is down by -0.13% 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 -5 million shares and in total, 17 million shares were bought and sold for approximately ₩1.30 trillion.
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 Samsung Electronics Co., Ltd. stock to perform well in the short-term.
The E-Starco. Co. Ltd stock price fell by -0.269% on the last day (Friday, 17th May 2024) from ₩744.00 to ₩742.00. During the last trading day the stock fluctuated 2.60% from a day low at ₩731.00 to a day high of ₩750.00. The price has been going up and down for this period, and there has been a 0.41% gain 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 -59 thousand shares and in total, 176 thousand shares were bought and sold for approximately ₩130.22 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 E-Starco. Co. Ltd stock to perform well in the short-term.
The Shinhung Co., Ltd stock price gained 0.0680% on the last trading day (Friday, 17th May 2024), rising from ₩14,700.00 to ₩14,710.00. During the last trading day the stock fluctuated 0.684% from a day low at ₩14,610.00 to a day high of ₩14,710.00. The price has risen in 7 of the last 10 days but is still down by -0.07% for this period. Volume fell on the last day by -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately ₩15.05 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 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 Shinhung Co., Ltd stock to perform well in the short-term.
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.
