Breakout Stocks of Week 16 @ MEX
NASDAQ was down last week (week 15) by -0.452% ending at 16,175.09 points after falling -73.43 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 Bolsa Mexicana de Valores, S.A.B. de C.V. MEX:BOLSAA. This stock has had a buy signal since Apr 12, 2024 when the price was $34.77 , but have so far fallen 0% to $34.77. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 16 |
|---|---|---|---|
| Bolsa Mexicana De Valores, S.a.b. De C.v. | $34.77 | $33.57 | -3.45% |
The Bolsa Mexicana de Valores, S.A.B. de stock price gained 0.608% on the last trading day (Friday, 12th Apr 2024), rising from $34.56 to $34.77. During the last trading day the stock fluctuated 1.82% from a day low at $34.56 to a day high of $35.19. The price has fallen in 8 of the last 10 days and is down by -6.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 48 thousand more shares were traded than the day before. In total, 408 thousand shares were bought and sold for approximately $14.19 million.
The Bolsa Mexicana de Valores, S.A.B. de stock holds several negative signals and despite the positive trend, we believe Bolsa Mexicana de Valores, S.A.B. de will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Bolsa Mexicana de Valores, S.A.B. de C.V.:
Bolsa Mexicana de Valores, S.A.B. de C.V. operates cash, listed derivatives, and OTC markets for various asset classes, including equities, fixed income, and exchange traded funds. The company also provides custody, clearing and settlement facilities, and data products for the local and international financial community. It operates the Mexican Stock Exchange that provides facilities and mechanisms as an aid in the relationship of the securities supply and demand, credit certificates, and other documents registered at the National Securities Registry, as well as services for underwriting, offering, and the exchange of the aforementioned securities; and publishes, provides, and maintains information of the securities listed at the Mexican Exchange and at the International Quotations System to the general public. The company's exchange also issues regulation that sets standards, and operative and conduct guidelines to promote fair and equitable market practices at the securities market; and guards its observation and impose disciplinary and corrective measures in case of lack of fulfillment for brokerage firms and the issuers with listed securities at the Mexican Exchange. In addition, it offers central securities depository, custody and settlement of securities, clearing house, price valuation, and risk management services. The company is based in Mexico City, Mexico.
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.
