Breakout Stocks of Week 25 @ MEX
NASDAQ was up last week (week 24) by 3.24% ending at 17,688.88 points after gaining 555.76 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 Fibra Danhos MEX:DANHOS13. This stock has had a buy signal since Jun 14, 2024 when the price was $20.65 , but have so far fallen 0% to $20.65. Some other companies are on our watchlist to, among these are Promotora y Operadora de Infraestructura, S. A. B. de C. V. MEX:PINFRA Grupo Aeroportuario del Sureste, S. A. B. de C. V. MEX:ASURB Grupo Aeroportuario del Centro Norte, S. A. B. de C. V. MEX:OMAB and América Móvil, S.a.b. De C.v. MEX:AMXB which all got a breakout pattern emerging.
| Date | Company | Price | Week 25 |
|---|---|---|---|
| Fibra Danhos | $20.65 | $20.07 | -2.81% |
| Promotora Y Operadora De Infraestructura, S. A. B.... | $177.19 | $175.69 | -0.85% |
| Grupo Aeroportuario Del Sureste, S. A. B. De C. V. | $564.04 | $575.50 | 2.03% |
| Grupo Aeroportuario Del Centro Norte, S. A. B. De... | $158.70 | $156.00 | -1.70% |
| América Móvil, S.a.b. De C.v. | $15.65 | $15.31 | -2.17% |
The Fibra Danhos stock price gained 0.0484% on the last trading day (Friday, 14th Jun 2024), rising from $20.64 to $20.65. During the last trading day the stock fluctuated 0.92% from a day low at $20.55 to a day high of $20.74. The price has been going up and down for this period, and there has been a -2.18% loss 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, 113 thousand more shares were traded than the day before. In total, 796 thousand shares were bought and sold for approximately $16.43 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 Fibra Danhos stock to perform well in the short-term.
About Fibra Danhos:
Fibra Danhos is a Mexican trust established primarily to develop, own, lease, operate and acquire iconic and premier quality commercial real estate assets in Mexico. Our goal is to provide attractive risk-adjusted returns for Holders of our CBFIs in the long term, through stable cash distributions and the appreciation of our properties. We will seek to maintain and grow a portfolio of high-quality properties, through our unmatched development capabilities, and the selective acquisition of iconic and premier-quality properties. We consider a property to be iconic if it has the unique ability to transform the surroundings in which it is located and we consider a property to be of premier quality if it is in prominent locations, it has been developed with the highest standards of construction and design, comprised of high-quality tenants, reports high occupancy rates and, in the case of commercial properties, reports a high volume of visitors.
Promotora y Operadora de Infraestructura, S. A. B. de C. V.
MEX:PINFRA
The Promotora y Operadora de stock price gained 1.93% on the last trading day (Friday, 14th Jun 2024), rising from $173.84 to $177.19. During the last trading day the stock fluctuated 2.72% from a day low at $172.98 to a day high of $177.69. The price has risen in 6 of the last 10 days but is still down by -4.87% for this period. Volume fell on the last day by -229 thousand shares and in total, 319 thousand shares were bought and sold for approximately $56.49 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 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 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.
Grupo Aeroportuario del Sureste, S. A. B. de C. V.
MEX:ASURB
The Grupo Aeroportuario del Sureste, S. A. stock price fell by -0.189% on the last day (Friday, 14th Jun 2024) from $565.11 to $564.04. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.09% from a day low at $557.91 to a day high of $569.56. The price has been going up and down for this period, and there has been a -1.14% loss for the last 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 -28 thousand shares and in total, 256 thousand shares were bought and sold for approximately $144.16 million.
Grupo Aeroportuario del Sureste, S. A. 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 Aeroportuario del Sureste, S. A. B. de C. V.:
Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. It provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services. The company also offers non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, airlines, and other commercial tenants; catering, handling, and ground transportation services. In addition, it operates the Luis Muñoz Marín International Airport in San Juan, Puerto Rico; and holds concessions to operate the various airports in Colombia, including the Enrique Olaya Herrera Airport in Medellín and José María Córdova International Airport in Rionegro, the Los Garzones Airport in Montería, the Antonio Roldán Betancourt Airport in Carepa, the El Caraño Airport in Quibdó, and the Las Brujas Airport in Corozal. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.
Grupo Aeroportuario del Centro Norte, S. A. B. de C. V.
MEX:OMAB
The Grupo Aeroportuario del Centro Norte, S. stock price fell by -2.48% on the last day (Friday, 14th Jun 2024) from $162.73 to $158.70. During the last trading day the stock fluctuated 3.40% from a day low at $158.04 to a day high of $163.42. The price has risen in 6 of the last 10 days but is still down by -8.37% for this period. Volume has increased on the last day by 292 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $206.85 million.
Grupo Aeroportuario del Centro Norte, S. 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 Grupo Aeroportuario del Centro Norte, S. A. B. de C. V.:
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport; and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico.
The América Móvil, S.a.b. De C.v. stock price gained 0.643% on the last trading day (Friday, 14th Jun 2024), rising from $15.55 to $15.65. During the last trading day the stock fluctuated 2.14% from a day low at $15.44 to a day high of $15.77. The price has been going up and down for this period, and there has been a -0.45% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 27 million shares were bought and sold for approximately $417.14 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.
The América Móvil, S.a.b. De C.v. stock holds several negative signals and despite the positive trend, we believe América Móvil, 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.
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.
