Breakout Stocks of Week 27 @ NYSEARCA
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 JPMorgan Diversified Return Emerging Markets Equity ETF NYSEARCA:JPEM. This stock has had a buy signal since Jun 28, 2024 when the price was $54.08 , but have so far fallen 0% to $54.08. Some other companies are on our watchlist to, among these are Capital Group Short Duration Income Etf NYSEARCA:CGSD First Trust Dow Jones Global Select Dividend Index Fund NYSEARCA:FGD Dimensional International Value ETF NYSEARCA:DFIV and Hartford Multifactor Developed Markets (ex-US) ETF NYSEARCA:RODM which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Jpmorgan Diversified Return Emerging Markets Equit... | $54.08 | $54.32 ( 2nd Jul 2024 ) | 0.444% |
| Capital Group Short Duration Income Etf | $25.41 | $25.42 ( 2nd Jul 2024 ) | 0.0394% |
| First Trust Dow Jones Global Select Dividend Index... | $22.32 | $22.48 ( 2nd Jul 2024 ) | 0.694% |
| Dimensional International Value Etf | $35.94 | $36.19 ( 2nd Jul 2024 ) | 0.696% |
| Hartford Multifactor Developed Markets (ex-us) Etf | $27.62 | $27.73 ( 2nd Jul 2024 ) | 0.389% |
JPMorgan Diversified Return Emerging Markets Equity ETF
NYSEARCA:JPEMThe JPMorgan Diversified Return Emerging ETF price gained 0.148% on the last trading day (Friday, 28th Jun 2024), rising from $54.00 to $54.08. During the last trading day the ETF fluctuated 0.703% from a day low at $54.04 to a day high of $54.42. The price has fallen in 6 of the last 10 days and is down by -1.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 thousand more shares were traded than the day before. In total, 78 thousand shares were bought and sold for approximately $4.21 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 JPMorgan Diversified Return Emerging ETF to perform well in the short-term.
About JPMorgan Diversified Return Emerging Markets Equity ETF:
JPEM was created on 01/07/15 by JPMorgan Chase. The ETF tracks an index of emerging market equities, selected by 5 factors (P/B, P/E, ROE, momentum and changes in earnings estimates). Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings.
The Capital Group Short Duration Income Etf ETF price gained 0.0788% on the last trading day (Friday, 28th Jun 2024), rising from $25.39 to $25.41. During the last trading day the ETF fluctuated 0.158% from a day low at $25.39 to a day high of $25.43. The price has risen in 6 of the last 10 days but is still down by -0.2% for this period. Volume fell on the last day by -30 thousand shares and in total, 294 thousand shares were bought and sold for approximately $7.47 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.
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.
First Trust Dow Jones Global Select Dividend Index Fund
NYSEARCA:FGDThe First Trust Dow Jones Global Select ETF price gained 0.225% on the last trading day (Friday, 28th Jun 2024), rising from $22.27 to $22.32. During the last trading day the ETF fluctuated 0.494% from a day low at $22.26 to a day high of $22.37. The price has been going up and down for this period, and there has been a -1.46% 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, 30 thousand more shares were traded than the day before. In total, 117 thousand shares were bought and sold for approximately $2.62 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 First Trust Dow Jones Global Select Dividend Index Fund:
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Dow Jones Global Select Dividend IndexSM.
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is an indicated annual dividend yield weighted index of 100 stocks selected from the developed-market portion of the Dow Jones World IndexSM.
The Dimensional International Value ETF price gained 0.419% on the last trading day (Friday, 28th Jun 2024), rising from $35.79 to $35.94. During the last trading day the ETF fluctuated 0.531% from a day low at $35.80 to a day high of $35.99. The price has risen in 6 of the last 10 days but is still down by -1.48% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 thousand more shares were traded than the day before. In total, 610 thousand shares were bought and sold for approximately $21.93 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dimensional International Value ETF to perform well in the short-term period.
Hartford Multifactor Developed Markets (ex-US) ETF
NYSEARCA:RODMThe Hartford Multifactor Developed Markets ETF price gained 0.154% on the last trading day (Friday, 28th Jun 2024), rising from $27.58 to $27.62. During the last trading day the ETF fluctuated 0.690% from a day low at $27.55 to a day high of $27.74. The price has fallen in 6 of the last 10 days and is down by -1.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 65 thousand more shares were traded than the day before. In total, 164 thousand shares were bought and sold for approximately $4.53 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 Hartford Multifactor Developed Markets (ex-US) ETF:
The fund generally invests at least 80% of its assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to address risks and opportunities within developed markets located outside the U.S.
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.
