Breakout Stocks of Week 17 @ MEX
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 Bolsa Mexicana de Valores, S.A.B. de C.V. MEX:BOLSAA. This stock has had a buy signal since Apr 19, 2024 when the price was $33.57 , but have so far fallen 0% to $33.57. Some other companies are on our watchlist to, among these are Grupo Rotoplas S.A.B. de C.V. MEX:AGUA Promotora y Operadora de Infraestructura, S. A. B. de C. V. MEX:PINFRA and Becle, S.A.B. de C.V. MEX:CUERVO which all got a breakout pattern emerging.
| Date | Company | Price | Week 17 |
|---|---|---|---|
| Bolsa Mexicana De Valores, S.a.b. De C.v. | $33.57 | $33.35 | -0.655% |
| Grupo Rotoplas S.a.b. De C.v. | $28.05 | $28.59 | 1.93% |
| Promotora Y Operadora De Infraestructura, S. A. B.... | $174.84 | $177.86 | 1.73% |
| Becle, S.a.b. De C.v. | $31.99 | $34.97 | 9.32% |
The Bolsa Mexicana de Valores, S.A.B. de stock price gained 1.79% on the last trading day (Friday, 19th Apr 2024), rising from $32.98 to $33.57. During the last trading day the stock fluctuated 5.41% from a day low at $32.71 to a day high of $34.48. The price has fallen in 6 of the last 10 days and is down by -5.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 647 thousand shares were bought and sold for approximately $21.72 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.
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.
The Grupo Rotoplas S.A.B. de C.V. stock price gained 0.430% on the last trading day (Friday, 19th Apr 2024), rising from $27.93 to $28.05. During the last trading day the stock fluctuated 1.65% from a day low at $27.84 to a day high of $28.30. The price has fallen in 8 of the last 10 days and is down by -5.17% for this period. Volume fell on the last day by -17 thousand shares and in total, 111 thousand shares were bought and sold for approximately $3.11 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.
Grupo Rotoplas S.A.B. de C.V. 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.
About Grupo Rotoplas S.A.B. de C.V.:
Grupo Rotoplas S.A.B. de C.V., together with its subsidiaries, manufactures, purchases, sells, and installs plastic containers and accessories for water storage, conduction, and improvement solutions in Mexico and internationally. It operates through Individual Solutions and Comprehensive Solutions segments. The company offers storage solutions, water tanks, cisterns, storage tanks for water and chemicals, inductor tanks, horizontal tanks, and feeders. It also provides hydraulic tuboplus pipes; plastic bolts and connectors; valves; centrifugal, peripheral, submersible, and circulation pump, as well as hydro pneumatic systems; sanitary catch pits; water heaters and heaters, and electric showers; self-cleaning biodigester; standard and jumbo filters; refrigerator and tap water filters; and water filter jugs. In addition, the company offers rural rainwater harvesting systems, urban water harvesting, and outdoor toilets with bio digester solutions. Further, it provides water treatment and recycling, and purified drinking water services. Additionally, the company offers financial, administrative, and real estate services, as well as exports, imports, and distributes water storage plastic tanks; and engages in residual water treatment activities. Grupo Rotoplas S.A.B. de C.V. was founded in 1978 and is headquartered in Mexico City, Mexico.
Promotora y Operadora de Infraestructura, S. A. B. de C. V.
MEX:PINFRA
The Promotora y Operadora de stock price gained 0.0057% on the last trading day (Friday, 19th Apr 2024), rising from $174.83 to $174.84. During the last trading day the stock fluctuated 1.18% from a day low at $173.51 to a day high of $175.56. The price has fallen in 8 of the last 10 days and is down by -10.13% for this period. Volume fell on the last day by -40 thousand shares and in total, 71 thousand shares were bought and sold for approximately $12.35 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.
Promotora y Operadora de holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Promotora y Operadora de Infraestructura, S. A. B. de C. V.:
Promotora y Operadora de Infraestructura, S. A. B. de C. V. engages in the construction, operation, maintenance, financing, and promotion of infrastructure projects in Mexico. Its projects include heavy construction projects, such as toll roads, ports, tunnels, dams, bridges, airports, and railways; industrial construction projects comprising petrochemical, industrial, wastewater treatment, and power generating plants; and urban construction projects, such as parking lots, museums, parks, education centers, buildings, water systems, public transportation systems, landfills, and hospitals. The company produces various asphalt concretes; basalt aggregates, including gravel, sand, seal, ballast, hydraulic base, sub-base, and tepetate; and central guard rails for roads, and various other precast concrete materials, as well as exploits stone aggregates. In addition, the company provides services, such as reception, storage, and shipment of goods; hauling or transfer of goods; loading and unloading ships; container filling and emptying; general cargo storage; and mooring and unmooring of ropes, as well as foreign trade merchandise handling, storage, and custody services. Promotora y Operadora de Infraestructura, S. A. B. de C. V. was founded in 1969 and is based in Mexico City, Mexico.
The Becle, S.A.B. de C.V. stock price gained 0.661% on the last trading day (Friday, 19th Apr 2024), rising from $31.78 to $31.99. During the last trading day the stock fluctuated 0.88% from a day low at $31.75 to a day high of $32.03. The price has fallen in 8 of the last 10 days and is down by -12.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 164 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $61.36 million.
The Becle, S.A.B. de C.V. stock holds several negative signals and despite the positive trend, we believe Becle, S.A.B. de C.V. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Becle, S.A.B. de C.V.:
Becle, S.A.B. de C.V. manufactures and distributes spirits and other distilled beverages in Mexico, the United States, Canada, and internationally. The company offers tequila under the 1800, Jose Cuervo Especial, Jose Cuervo Tradicional, Reserva de la Familia, Gran Centenario, and Maestro Dobel brand names; whiskey, including North American whiskey under the Stranahan's, Tincup, and Pendleton brands, as well as Irish whiskey under the Bushmills and The Sexton brands; rum under the Kraken brand; and vodka under the Three Olives and Hangar 1 brand names. It also provides ready to drink cocktails under the Paloma, Rum and Cola, and 1800 Margarita brands; non-alcoholic beverages under the B:oost and Margarita Mix brand names; Mezcal under the Creyente brand; and gin under the Boodles brand. The company was founded in 1758 and is headquartered 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.
