Breakout Stocks of Week 27 @ MIL
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 Telecom Italia S.p.A. MIL:TIT. This stock has had a buy signal since Jun 27, 2024 when the price was 0.224€ , but have so far fallen -0.401% to 0.224€. Some other companies are on our watchlist to, among these are Banca Generali S.p.A. MIL:BGN Mediobanca Banca di Credito Finanziario S.p.A. MIL:MB Nexi SpA MIL:NEXI and Wisdomtree Wti Crude Oil 3x Daily Short Etn MIL:3OIS which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Telecom Italia S.p.a. | 0.224€ | 0.231€ ( 2nd Jul 2024 ) | 3.36% |
| Banca Generali S.p.a. | 37.46€ | 37.82€ ( 2nd Jul 2024 ) | 0.96% |
| Mediobanca Banca Di Credito Finanziario S.p.a. | 13.69€ | 13.92€ ( 2nd Jul 2024 ) | 1.68% |
| Nexi Spa | 5.69€ | 5.79€ ( 2nd Jul 2024 ) | 1.69% |
| Wisdomtree Wti Crude Oil 3x Daily Short Etn | 0.316€ | 0.290€ ( 2nd Jul 2024 ) | -8.23% |
The Telecom Italia S.p.A. stock price fell by -0.401% on the last day (Friday, 28th Jun 2024) from 0.224€ to 0.224€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.92% from a day low at 0.224€ to a day high of 0.228€. The price has fallen in 6 of the last 10 days and is down by -0.13% for this period. Volume has increased on the last day by 33 million 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, 111 million shares were bought and sold for approximately 24.92€ million.
Telecom Italia S.p.A. 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 Telecom Italia S.p.A.:
Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets. The company also manages and develops a portfolio of regulated and unregulated wholesale services for fixed-line and mobile telecommunications operators; and development, engineering, construction, and operation of network infrastructures, information technology (IT), and systems and properties. In addition, it is involved in customer care, operating credit support, loyalty, and retention activities. The company has a strategic partnership with Google Cloud. Telecom Italia S.p.A. was incorporated in 1908 and is headquartered in Rome, Italy.
The Banca Generali S.p.A. stock price fell by -0.531% on the last day (Friday, 28th Jun 2024) from 37.66€ to 37.46€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.98% from a day low at 37.38€ to a day high of 38.12€. The price has fallen in 6 of the last 10 days but is still up by 1.46% over the past 2 weeks. Volume has increased on the last day by 50 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, 105 thousand shares were bought and sold for approximately 3.94€ million.
Banca Generali S.p.A. 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 Banca Generali S.p.A.:
Banca Generali S.p.A. distributes financial products and services for affluent and private customers through financial advisors primarily in Italy. It operates through Wealth Management Cash-Generating Unit (CGU) and Private Banking CGU segments. The company offers asset management products, such as portfolio management, investment advisory and mutual fund management, and managed solutions consisting of funds and Sicavs, and financial and insurance wrappers; banking products and services; insurance products; and trade finance services. It operates 218 bank branches and financial advisor offices. The company was founded in 1997 and is headquartered in Trieste, Italy.
The Mediobanca Banca di Credito Finanziario stock price gained 0.293% on the last trading day (Friday, 28th Jun 2024), rising from 13.65€ to 13.69€. During the last trading day the stock fluctuated 1.36% from a day low at 13.57€ to a day high of 13.76€. The price has been going up and down for this period, and there has been a 1.22% gain for the last 2 weeks. Volume fell on the last day by -175 thousand shares and in total, 2 million shares were bought and sold for approximately 24.58€ 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.
Mediobanca Banca di Credito Finanziario 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 Mediobanca Banca di Credito Finanziario S.p.A.:
Mediobanca Banca di Credito Finanziario S.p.A., together with its subsidiaries, provides various banking products and services in Italy and internationally. The company operates through Wealth Management, Consumer Banking, Corporate and Investment Banking, Principal Investing, and Holding Functions segments. The Wealth Management segment offers asset management and other services to private clients, and affluent and premier customers. The Consumer Banking segment provides a range of consumer credit products comprising personal loans and salary-backed finances; personal loan services for cars and motorcycles, consumer electronics, furniture, and travel; payment services that include credit cards and salary-backed loans; insurance products; and instalment payment solutions for online purchases. The Corporate and Investment Banking segment offers wholesale banking products and services, including lending, advisory, capital market, and proprietary trading services; and specialty finance services, such as factoring and credit management, as well as non-performing loans portfolio acquisitions and management. The Principal Investing segment engages in the equity investment and holding activities. The Holding Functions segment engages in treasury, and asset and liability management operations. The company was founded in 1946 and is headquartered in Milan, Italy.
The Nexi SpA stock price fell by -0.80% on the last day (Friday, 28th Jun 2024) from 5.74€ to 5.69€. During the last trading day the stock fluctuated 1.87% from a day low at 5.67€ to a day high of 5.78€. The price has been going up and down for this period, and there has been a 0.64% gain for the last 2 weeks. Volume has increased on the last day by 177 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, 4 million shares were bought and sold for approximately 20.82€ million.
Nexi SpA 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 Nexi SpA:
Nexi S.p.A. provides electronic money and payment services to banks, financial and insurance institutions, merchants, businesses, and public administration in Italy. The company offers acquiring services; configuration, activation, and maintenance of POS terminals; fraud prevention; and dispute management services, as well as customer support services. It also provides a range of issuing services, such as issue, supply, and management of private and corporate payment cards; installation and management of ATM's; clearing services; and digital banking services for the management of current accounts and payments. In addition, the company offers software applications for invoice management and storage, prepaid card reloading, bill payments, and postal payments. Nexi S.p.A. has a strategic agreement with Intesa Sanpaolo S.p.A. to acquire the PBZ Card's merchant business in the Croatian market. The company was founded in 1939 and is based in Milan, Italy.
The Wisdomtree Wti Crude Oil 3x Daily Short ETF price gained 2.00% on the last trading day (Friday, 28th Jun 2024), rising from 0.310€ to 0.316€. During the last trading day the ETF fluctuated 5.89% from a day low at 0.301€ to a day high of 0.318€. The price has fallen in 7 of the last 10 days and is down by -10.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately 3.66€ million.
Wisdomtree Wti Crude Oil 3x Daily Short 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.
