Breakout Stocks of Week 23 @ MEX
NASDAQ was down last week (week 22) by -1.10% ending at 16,735.02 points after falling -185.78 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 IPC MEXICO MEX:^MXX. This stock has had a buy signal since Jan 24, 2024 when the price was $56,160.07 , but have so far fallen -1.44% to $55,352.56. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 23 |
|---|---|---|---|
| Ipc Mexico | $55,352.56 | $54,477.25 | -1.58% |
The IPC MEXICO index price gained 0.253% on the last trading day (Friday, 31st May 2024), rising from $55,212.64 to $55,352.56. During the last trading day the index fluctuated 1.67% from a day low at $54,768.40 to a day high of $55,683.57. The price has fallen in 7 of the last 10 days and is down by -3.67% for this period. Volume fell on the last day by -15 million shares and in total, 233 million shares were bought and sold for approximately $12.87 trillion. 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.
IPC MEXICO 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.
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.
