Breakout Stocks of Week 13 @ MIL
NASDAQ was up last week (week 12) by 2.68% ending at 16,401.84 points after gaining 428.66 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 Unipol Gruppo S.p.A. MIL:UNI. This stock has had a buy signal since Dec 27, 2023 when the price was 5.16€ and is so far up 48.99% to 7.69€. Some other companies are on our watchlist to, among these are Salvatore Ferragamo S.p.A. MIL:SFER Stmicroelectronics N.v. MIL:STMMI and Azimut Holding S.p.A. MIL:AZM which all got a breakout pattern emerging.
| Date | Company | Price | Week 13 |
|---|---|---|---|
| Unipol Gruppo S.p.a. | 7.69€ | 7.77€ | 1.01% |
| Salvatore Ferragamo S.p.a. | 11.10€ | 11.27€ | 1.53% |
| Stmicroelectronics N.v. | 39.97€ | 39.94€ | -0.0751% |
| Azimut Holding S.p.a. | 24.78€ | 25.18€ | 1.61% |
The Unipol Gruppo S.p.A. stock price gained 0.235% on the last trading day (Friday, 22nd Mar 2024), rising from 7.67€ to 7.69€. During the last trading day the stock fluctuated 0.94% from a day low at 7.63€ to a day high of 7.70€. The price has risen in 6 of the last 10 days and is up by 0.92% over the past 2 weeks. Volume fell on the last day by -972 thousand shares and in total, 1 million shares were bought and sold for approximately 7.97€ 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.
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 Unipol Gruppo S.p.A. stock to perform well in the short-term.
About Unipol Gruppo S.p.A.:
Unipol Gruppo S.p.A., together with its subsidiaries, provides insurance and banking services primarily in Italy. The company operates through Non-Life Insurance Business, Life Insurance Business, Banking Business, Real Estate Business, and Holding and Other Businesses segments. It offers non-life insurance products for vehicles, sports craft, and travel; home and condominiums; work related to businesses, traders, professionals, and legal protection; accident and health protection; and investments and welfare. The company also provides life insurance products; and reinsurance services to individuals and legal entities through its agency network. In addition, it is involved in the management of non-performing loans; operation and management of real estate properties; operation of resorts and hotels; and agricultural, harbor, and healthcare businesses. The company was formerly known as Unipol Gruppo Finanziario S.p.A. and changed its name to Unipol Gruppo S.p.A. in June 2017. Unipol Gruppo S.p.A. was founded in 1961 and is based in Bologna, Italy.
The Salvatore Ferragamo S.p.A. stock price gained 1.37% on the last trading day (Friday, 22nd Mar 2024), rising from 10.95€ to 11.10€. During the last trading day the stock fluctuated 3.57% from a day low at 10.92€ to a day high of 11.31€. The price has fallen in 6 of the last 10 days and is down by -4.31% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 928 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately 14.22€ million.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Salvatore Ferragamo S.p.A.:
Salvatore Ferragamo S.p.A., through its subsidiaries, creates, produces, and sells luxury goods for men and women in Italy, rest of Europe, North America, Japan, the Asia Pacific, and Central and South America. The company offers men's and women's footwear; leather goods, such as handbags, suitcases, belts, wallets, and other men's and women's leather accessories; and knitwear, clothes for formal occasions, sportswear, and leisure wear, as well as outerwear, such as husky jackets, ponchos, and leather garments. It also provides silk accessories, including ties, foulards, scarves, etc.; home accessories comprising plaid throws, cushions, and beach towels; costume jewelry; and other accessories consisting of shawls and gloves. In addition, the company develops and distributes perfumes and fragrances. Further, it offers men's and women's sunglasses and prescription glasses; jewelry products; and watches. Additionally, the company is also involved in the real estate management business. Salvatore Ferragamo S.p.A. was formerly known as Salvatore Ferragamo Italia S.p.A. and changed its name to Salvatore Ferragamo S.p.A. in April 2011. The company was founded in 1927 and is headquartered in Florence, Italy. Salvatore Ferragamo S.p.A. is a subsidiary of Ferragamo Finanziaria S.p.A.
The Stmicroelectronics N.v. stock price fell by -1.38% on the last day (Friday, 22nd Mar 2024) from 40.53€ to 39.97€. During the last trading day the stock fluctuated 1.21% from a day low at 39.62€ to a day high of 40.10€. The price has fallen in 7 of the last 10 days and is down by -8.01% 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 -531 thousand shares and in total, 2 million shares were bought and sold for approximately 81.83€ million.
Stmicroelectronics N.v. 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.
The Azimut Holding S.p.A. stock price fell by -0.642% on the last day (Friday, 22nd Mar 2024) from 24.94€ to 24.78€. During the last trading day the stock fluctuated 0.89% from a day low at 24.66€ to a day high of 24.88€. The price has fallen in 6 of the last 10 days but is still up by 1.72% over the past 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 -360 thousand shares and in total, 343 thousand shares were bought and sold for approximately 8.49€ million.
The Azimut Holding S.p.A. stock holds several negative signals and despite the positive trend, we believe Azimut Holding S.p.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Azimut Holding S.p.A.:
Azimut Holding S.p.A., together with its subsidiaries, distributes, manages, and promotes financial and insurance products. The company offers mutual fund management, life and third party insurances, wealth management, investment portfolio individual management, insurance mediation, financial planning, and fund and asset management services; order receipt and transmission activities; invests in the digital sector; and manages Italian, pension, alternative, discretionary, private equity and debt funds, and various other investment plans, as well as placement and financial advisory services. It operates in Luxembourg, Ireland, China, Monaco, Switzerland, Singapore, Brazil, Mexico, Taiwan, Chile, Australia, Turkey, the United States, the United Arab Emirates, and Egypt. The company was incorporated in 1989 and is headquartered in Milan, Italy.
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.
