Breakout Stocks of Week 18 @ MIL
NASDAQ was up last week (week 17) by 4.23% ending at 15,927.90 points after gaining 645.89 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 62.31% to 8.38€. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 18 |
|---|---|---|---|
| Unipol Gruppo S.p.a. | 8.38€ | 8.33€ | -0.537% |
| Buzzi Unicem S.p.a. | 34.04€ | 34.38€ | 1.00% |
The Unipol Gruppo S.p.A. stock price gained 0.782% on the last trading day (Friday, 26th Apr 2024), rising from 8.31€ to 8.38€. During the last trading day the stock fluctuated 1.39% from a day low at 8.30€ to a day high of 8.41€. The price has risen in 8 of the last 10 days and is up by 5.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 253 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately 12.09€ million.
Unipol Gruppo S.p.A. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
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 Buzzi Unicem S.p.A. stock price gained 1.67% on the last trading day (Friday, 26th Apr 2024), rising from 33.48€ to 34.04€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.57% from a day low at 33.42€ to a day high of 34.28€. The price has been going up and down for this period, and there has been a -1.62% 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, 28 thousand more shares were traded than the day before. In total, 250 thousand shares were bought and sold for approximately 8.52€ million.
Buzzi Unicem S.p.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 Buzzi Unicem S.p.A.:
Buzzi Unicem S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. It also offers special binders, safety sheets, and clinkers, as well as construction hydraulic binders for making plasters and masonry works on site. The company has operations in Italy, the United States, Germany, Luxembourg, the Netherlands, Poland, the Czech Republic, Slovakia, Ukraine, Russia, Mexico, and Brazil. Buzzi Unicem S.p.A. was founded in 1872 and is headquartered in Casale Monferrato, 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.
