Breakout Stocks of Week 21 @ MEX
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 Quálitas Controladora, S.A.B. de C.V. MEX:Q. This stock has had a buy signal since May 17, 2024 when the price was $204.45 , but have so far fallen 0% to $204.45. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 21 |
|---|---|---|---|
| Quálitas Controladora, S.a.b. De C.v. | $204.45 | $196.58 | -3.85% |
The Quálitas Controladora, S.A.B. de C.V. stock price gained 1.02% on the last trading day (Friday, 17th May 2024), rising from $202.39 to $204.45. During the last trading day the stock fluctuated 2.06% from a day low at $202.74 to a day high of $206.91. The price has fallen in 6 of the last 10 days and is down by -1.63% for this period. Volume fell on the last day by -37 thousand shares and in total, 421 thousand shares were bought and sold for approximately $86.10 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 Quálitas Controladora, S.A.B. de C.V. stock to perform well in the short-term.
About Quálitas Controladora, S.A.B. de C.V.:
Quálitas Controladora, S.A.B. de C.V., together with its subsidiaries, operates as an auto insurance company in Mexico, El Salvador, Costa Rica, Peru, and the United States. It offers insurance, coinsurance, and reinsurance services for the automobile sector. The company also engages in the acquisition, sale, and installation of automobile glass and spare parts; provision of salvage management and marketing; advisory and training services for investment planning and business management; and property leasing and acquisition. Quálitas Controladora, S.A.B. de C.V. founded in 1993 and 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.
