Breakout Stocks of Week 27 @ MEX
NASDAQ was up last week (week 26) by 0.244% ending at 17,732.60 points after gaining 43.24 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 Grupo Aeroportuario del Sureste, S. A. B. de C. V. MEX:ASURB. This stock has had a buy signal since Jun 18, 2024 when the price was $575.76 , but have so far fallen -4.34% to $550.80. Some other companies are on our watchlist to, among these are Grupo Aeroportuario del Pacífico, S.A.B. de C.V. MEX:GAPB and ALPEK, S.A.B. de C.V. MEX:ALPEKA which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Grupo Aeroportuario Del Sureste, S. A. B. De C. V. | $550.80 | $537.03 ( 2nd Jul 2024 ) | -2.50% |
| Grupo Aeroportuario Del Pacífico, S.a.b. De C.v. | $286.18 | $280.18 ( 2nd Jul 2024 ) | -2.10% |
| Alpek, S.a.b. De C.v. | $13.27 | $13.12 ( 2nd Jul 2024 ) | -1.13% |
The Grupo Aeroportuario del Sureste, S. A. stock price gained 0.798% on the last trading day (Friday, 28th Jun 2024), rising from $546.44 to $550.80. During the last trading day the stock fluctuated 2.70% from a day low at $538.91 to a day high of $553.47. The price has been going up and down for this period, and there has been a -2.35% 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, 156 thousand more shares were traded than the day before. In total, 442 thousand shares were bought and sold for approximately $243.67 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 Grupo Aeroportuario del Sureste, S. A. stock to perform well in the short-term.
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.
The Grupo Aeroportuario del Pacífico, stock price gained 0.365% on the last trading day (Friday, 28th Jun 2024), rising from $285.14 to $286.18. During the last trading day the stock fluctuated 2.28% from a day low at $284.05 to a day high of $290.53. The price has been going up and down for this period, and there has been a -6.9% loss for the last 2 weeks. Volume fell on the last day by -184 thousand shares and in total, 575 thousand shares were bought and sold for approximately $164.47 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 Grupo Aeroportuario del Pacífico, stock holds several negative signals and despite the positive trend, we believe Grupo Aeroportuario del Pacífico, will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Grupo Aeroportuario del Pacífico, S.A.B. de C.V.:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. It operates 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Josà del Cabo, Guanajuato (BajÃo), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.
The ALPEK, S.A.B. de C.V. stock price fell by -2.50% on the last day (Friday, 28th Jun 2024) from $13.61 to $13.27. During the last trading day the stock fluctuated 5.14% from a day low at $13.03 to a day high of $13.70. The price has been going up and down for this period, and there has been a -2.28% 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 -213 thousand shares and in total, 556 thousand shares were bought and sold for approximately $7.38 million.
The ALPEK, S.A.B. de C.V. stock holds several negative signals and despite the positive trend, we believe ALPEK, 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 ALPEK, S.A.B. de C.V.:
Alpek, S.A.B. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico, the United States, Canada, the United Kingdom, Argentina, Brazil, and Chile. It operates in two segments, Polyester, and Plastics and Chemicals. The Polyester segment produces purified terephthalic acid for use as a raw material in polyethylene terephthalate (PET) and polyester fibers; PET, a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; and recycled PET for use in new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet. This segment also offers polyester fibers, such as staple fiber for use in carpets, garments, and home furnishings; and filament for clothing, automotive interiors, and seatbelts, as well as canvases, conveyor belts, hoses, and other industrial uses. The Plastics and Chemicals segment manufactures polypropylene, expandable polystyrene, caprolactam, and other chemicals, as well as specialty and industrial chemicals for use in the consumer goods, food and beverage packaging, automotive, construction, agriculture, oil, and pharmaceutical industries. The company was founded in 1975 and is based in San Pedro Garza García, Mexico. Alpek, S.A.B. de C.V. is a subsidiary of Alfa, S. A. B. de C. V.
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.
