Sign InBreakout Stocks of Week 22 @ NZX
NASDAQ was up last week (week 21) by 0.453% ending at 26,343.97 points after gaining 118.83 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 Contact Energy Limited NZX:CEN. This stock has had a buy signal since Apr 29, 2026 when the price was $9.32 and is so far up 0.322% to $9.35. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 22 |
|---|---|---|---|
| Contact Energy Limited | $9.35 | $9.54 | 2.03% |
The Contact Energy Limited stock price gained 0.107% on the last trading day (Friday, 22nd May 2026), rising from $9.34 to $9.35. During the last trading day the stock fluctuated 1.19% from a day low at $9.27 to a day high of $9.38. The price has fallen in 5 of the last 10 days and is down by -5.56% for this period. Volume fell on the last day by -56 million shares and in total, 2 million shares were bought and sold for approximately $16.10 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.
Contact Energy Limited 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 Contact Energy Limited:
Contact Energy Limited generates and sells electricity and natural gas in New Zealand. The company operates through two segments, Wholesale and Customer. The Wholesale segment sells electricity to the wholesale electricity market, and commercial and industrial customers. The Customer segment delivers electricity, natural gas, broadband, and other products and services to mass market customers. It offers electricity, natural gas, and bottled liquefied petroleum gas generated through its 11 hydro, geothermal, and thermal power stations. The company serves approximately 532,000 customers. Contact Energy Limited was incorporated in 1995 and is based in Wellington, New Zealand.
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.
GOLDEN STAR
| Ticker | Change | Signal Date |
|---|---|---|
NESR
$25.06
|
0.439% | Jun 22 |
IDYA
$28.98
|
25.19% | Jun 12 |
PHM
$118.49
|
14.53% | Jun 10 |
DHI
$146.71
|
13.50% | Jun 10 |
EAT
$140.46
|
20.94% | Jun 05 |
