Breakout Stocks of Week 12 @ MIL
NASDAQ was down last week (week 11) by -0.696% ending at 15,973.17 points after falling -111.94 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 Arnoldo Mondadori Editore S.p.A. MIL:MN. This stock has had a buy signal since Mar 14, 2024 when the price was 2.21€ , but have so far fallen -2.95% to 2.14€. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 12 |
|---|---|---|---|
| Arnoldo Mondadori Editore S.p.a. | 2.14€ | 2.28€ | 6.54% |
| Piaggio & C. Spa | 2.84€ | 2.90€ | 2.11% |
The Arnoldo Mondadori Editore S.p.A. stock price fell by -2.95% on the last day (Friday, 15th Mar 2024) from 2.21€ to 2.14€. During the last trading day the stock fluctuated 6.12% from a day low at 2.13€ to a day high of 2.26€. The price has risen in 5 of the last 10 days and is up by 0.23% over the past 2 weeks. Volume has increased on the last day by 70 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, 992 thousand shares were bought and sold for approximately 2.12€ million.
Arnoldo Mondadori Editore 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 Arnoldo Mondadori Editore S.p.A.:
Arnoldo Mondadori Editore S.p.A., together with its subsidiaries, engages in publishing books and magazines in Europe. The company offers fiction, non-fiction, and children's books in traditional and digital formats under the Mondadori, Giulio Einaudi editore, Piemme, Sperling & Kupfer, Frassinelli, Rizzoli, BUR, Fabbri Editori, Rizzoli Lizard, and Mondadori Electa brands. It also provides school, legal, and university textbooks; courses, teaching aids, and multimedia content for various teaching levels; art and illustrated, kids, art literature, and architecture books, including exhibition catalogs, museum guides, and sponsor books. In addition, it is involved in the management of museum concessions; and the organization and management of exhibitions and cultural events under the Abscondita, Electa, Rizzoli, Rizzoli New York, Rizzoli Electa, and Universe brands. Additionally, the company manages a network of bookstores in Italy under the Mondadori Megastore, Mondadori Bookstore, and Mondadori Point brands. It operates a network of approximately 544 stores; and e-commerce channels, such as mondadoristore. The company was founded in 1907 and is headquartered in Segrate, Italy. Arnoldo Mondadori Editore S.p.A. is a subsidiary of Finanziaria d'investimento Fininvest S.p.A.
The Piaggio & C. SpA stock price fell by -2.00% on the last day (Friday, 15th Mar 2024) from 2.90€ to 2.84€. During the last trading day the stock fluctuated 2.54% from a day low at 2.84€ to a day high of 2.91€. The price has fallen in 6 of the last 10 days and is down by -9.68% for this period. 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 -11 thousand shares and in total, 1 million shares were bought and sold for approximately 3.98€ million.
Piaggio & C. SpA holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
About Piaggio & C. SpA:
Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles. The company provides two-wheelers, including scooters, motorcycles, and mopeds, as well as related spare parts and accessories under the Piaggio, Vespa, Aprilia, Moto Guzzi, Gilera, Derbi, and Scarabeo brands. It also offers three-and four-wheeler light commercial vehicles, as well as related spare parts and accessories for commercial and private use under the Ape and Porter brands; and smart robots for transportation. In addition, the company sells engines to third parties; conducts two-wheeler sports championships; and provides technical services. It distributes its vehicles primarily through dealers and importers in Europe, the Middle East, Africa, the Americas, the Asia Pacific, and India. The company was founded in 1884 and is headquartered in Pontedera, Italy. Piaggio & C. SpA is a subsidiary of IMMSI S.p.A.
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.
