Breakout Stocks of Week 26 @ KSE
NASDAQ was up last week (week 25) by 0.0027% ending at 17,689.36 points after gaining 0.478 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 Crown Confectionery Co., Ltd. KSE:26490K. This stock has had a buy signal since May 20, 2024 when the price was ₩10,780.00 and is so far up 4.08% to ₩11,220.00. Some other companies are on our watchlist to, among these are CROWNHAITAI Holdings Co.,Ltd. KSE:005745 Kyungdong City Gas Co., Ltd KSE:267290 Kyobo AXA Power K100 ETF KSE:140950 and Tae Won Mulsan Co., Ltd. KSE:001420 which all got a breakout pattern emerging.
| Date | Company | Price | Week 26 |
|---|---|---|---|
| Crown Confectionery Co., Ltd. | ₩11,220.00 | ₩10,570.00 | -5.79% |
| Crownhaitai Holdings Co.,ltd. | ₩10,260.00 | ₩10,040.00 | -2.14% |
| Kyungdong City Gas Co., Ltd | ₩19,780.00 | ₩19,530.00 | -1.26% |
| Kyobo Axa Power K100 Etf | ₩29,000.00 | ₩29,310.00 | 1.07% |
| Tae Won Mulsan Co., Ltd. | ₩4,120.00 | ₩4,210.00 | 2.18% |
The Crown Confectionery Co., Ltd. stock price gained 0.358% on the last trading day (Friday, 21st Jun 2024), rising from ₩11,180.00 to ₩11,220.00. During the last trading day the stock fluctuated 2.92% from a day low at ₩10,960.00 to a day high of ₩11,280.00. The price has been going up and down for this period, and there has been a 4.57% 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, 17 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately ₩327.44 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 Crown Confectionery Co., Ltd. stock to perform well in the short-term.
The CROWNHAITAI Holdings Co.,Ltd. stock price fell by -0.388% on the last day (Friday, 21st Jun 2024) from ₩10,300.00 to ₩10,260.00. During the last trading day the stock fluctuated 2.45% from a day low at ₩10,210.00 to a day high of ₩10,460.00. The price has fallen in 6 of the last 10 days but is still up by 3.01% over the past 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 -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₩21.37 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 CROWNHAITAI Holdings Co.,Ltd. stock to perform well in the short-term.
The Kyungdong City Gas Co., Ltd stock price fell by -0.753% on the last day (Friday, 21st Jun 2024) from ₩19,930.00 to ₩19,780.00. During the last trading day the stock fluctuated 1.68% from a day low at ₩19,660.00 to a day high of ₩19,990.00. The price has fallen in 5 of the last 10 days but is still up by 1.18% over the past 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 -5 thousand shares and in total, 26 thousand shares were bought and sold for approximately ₩512.16 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 Kyungdong City Gas Co., Ltd stock to perform well in the short-term.
The Kyobo AXA Power K100 ETF stock price fell by -1.04% on the last day (Friday, 21st Jun 2024) from ₩29,305.00 to ₩29,000.00. During the last trading day the stock fluctuated 0.502% from a day low at ₩28,905.00 to a day high of ₩29,050.00. The price has risen in 7 of the last 10 days and is up by 2.8% over the past 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 -533 shares and in total, 564 shares were bought and sold for approximately ₩16.36 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 Kyobo AXA Power K100 ETF stock to perform well in the short-term period.
The Tae Won Mulsan Co., Ltd. stock price gained 0.98% on the last trading day (Friday, 21st Jun 2024), rising from ₩4,080.00 to ₩4,120.00. During the last trading day the stock fluctuated 1.73% from a day low at ₩4,050.00 to a day high of ₩4,120.00. The price has been going up and down for this period, and there has been a -9.95% loss for the last 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 4 thousand shares were bought and sold for approximately ₩15.68 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.
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.
