Breakout Stocks of Week 27 @ OMX
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 Nordea Bank Abp OMX:NDA-SE. This stock has had a buy signal since Jun 27, 2024 when the price was kr125.85 and is so far up 0.199% to kr126.10. Some other companies are on our watchlist to, among these are SkiStar AB (publ) OMX:SKIS-B Dios Fastigheter AB (publ) OMX:DIOS AB Electrolux (publ) OMX:ELUX-B and Orrön Energy AB OMX:ORRON which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Nordea Bank Abp | kr126.10 | kr127.75 ( 2nd Jul 2024 ) | 1.31% |
| Skistar Ab (publ) | kr148.40 | kr149.30 ( 2nd Jul 2024 ) | 0.606% |
| Dios Fastigheter Ab (publ) | kr86.55 | kr86.15 ( 2nd Jul 2024 ) | -0.462% |
| Ab Electrolux (publ) | kr87.86 | kr84.96 ( 2nd Jul 2024 ) | -3.30% |
| Orrön Energy Ab | kr7.15 | kr7.45 ( 2nd Jul 2024 ) | 4.22% |
The Nordea Bank Abp stock price gained 0.199% on the last trading day (Friday, 28th Jun 2024), rising from kr125.85 to kr126.10. During the last trading day the stock fluctuated 1.11% from a day low at kr126.10 to a day high of kr127.50. The price has risen in 5 of the last 10 days but is still down by -2.02% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately kr1.33 billion.
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 Nordea Bank Abp stock to perform well in the short-term.
About Nordea Bank Abp:
Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates and Institutions, and Asset and Wealth Management segments. The Personal Banking segment provides various financial services to household customers through internet and mobile banking, over the phone, online meetings, and branch offices. The Business Banking segment offers payments, cash management, cards, working capital management, and finance solutions to corporate and personal customers. The Large Corporates and Institutions segment provides financing, cash management and payment, investment banking, and securities services, as well as capital market products to corporate and institutional customers. The Asset and Wealth Management segment offers investment, savings, and risk management solutions to high net worth individuals and institutional investors. This segment also offers life and pensions products and services. The company was founded in 1820 and is headquartered in Helsinki, Finland.
The SkiStar AB (publ) stock price fell by -2.88% on the last day (Friday, 28th Jun 2024) from kr152.80 to kr148.40. During the last trading day the stock fluctuated 3.38% from a day low at kr147.80 to a day high of kr152.80. The price has fallen in 6 of the last 10 days and is down by -2.88% 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 -9 thousand shares and in total, 38 thousand shares were bought and sold for approximately kr5.68 million.
SkiStar AB (publ) 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 SkiStar AB (publ):
Addtech AB (publ.) operates as a technology trading company in Sweden, Denmark, Finland, Norway, rest of Europe, and internationally. The company operates through Automation, Electrification, Energy, Industrial Solutions, and Process Technology segments. It markets and sells intelligent solutions, subsystems, and components to industrial automation and infrastructure sector, including solutions for robotics, control systems, sensors, and industrial and communication networks. The company also offers battery systems; connectivity solutions; and intelligent power products, electronics, motors, and powertrain solutions. In addition, it produces and sells products for electricity transmission and electrical installation, as well as safety products for traffic and the home environment; and electricity distribution and communication network products to electricity network operators, contractors, wholesalers, railway companies, industrial customers, and hospitals. Further, the company produces and sells solutions and systems primarily for the forest, special vehicles, mechanical, and waste/recycling industries, as well as provides hydraulic solutions. Additionally, it provides process components, equipment, and systems for creating and processing flows; provides emission control products; and markets and sells instruments and valves for regulating and monitoring pressure, levels, flows, and energy. The company was founded in 1906 and is based in Stockholm, Sweden.
The Dios Fastigheter AB (publ) stock price gained 0.640% on the last trading day (Friday, 28th Jun 2024), rising from kr86.00 to kr86.55. During the last trading day the stock fluctuated 1.35% from a day low at kr85.50 to a day high of kr86.65. The price has been going up and down for this period, and there has been a -1.59% 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, 48 thousand more shares were traded than the day before. In total, 195 thousand shares were bought and sold for approximately kr16.88 million.
Dios Fastigheter AB (publ) 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 Dios Fastigheter AB (publ):
Diös Fastigheter AB (publ) develops, owns, and rents commercial and residential properties in Sweden. It holds a portfolio of 339 properties and a lettable area of 1,564,000 sq.m with meeting places, shops, offices, and homes. The company was founded in 1921 and is headquartered in Ostersund, Sweden.
The AB Electrolux (publ) stock price fell by -0.99% on the last day (Friday, 28th Jun 2024) from kr88.74 to kr87.86. During the last trading day the stock fluctuated 2.22% from a day low at kr87.22 to a day high of kr89.16. The price has fallen in 6 of the last 10 days and is down by -10% for this period. Volume has increased on the last day by 506 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, 2 million shares were bought and sold for approximately kr156.65 million.
AB Electrolux (publ) 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 AB Electrolux (publ):
Addtech AB (publ.) operates as a technology trading company in Sweden, Denmark, Finland, Norway, rest of Europe, and internationally. The company operates through Automation, Electrification, Energy, Industrial Solutions, and Process Technology segments. It markets and sells intelligent solutions, subsystems, and components to industrial automation and infrastructure sector, including solutions for robotics, control systems, sensors, and industrial and communication networks. The company also offers battery systems; connectivity solutions; and intelligent power products, electronics, motors, and powertrain solutions. In addition, it produces and sells products for electricity transmission and electrical installation, as well as safety products for traffic and the home environment; and electricity distribution and communication network products to electricity network operators, contractors, wholesalers, railway companies, industrial customers, and hospitals. Further, the company produces and sells solutions and systems primarily for the forest, special vehicles, mechanical, and waste/recycling industries, as well as provides hydraulic solutions. Additionally, it provides process components, equipment, and systems for creating and processing flows; provides emission control products; and markets and sells instruments and valves for regulating and monitoring pressure, levels, flows, and energy. The company was founded in 1906 and is based in Stockholm, Sweden.
The Orrön Energy AB stock price fell by -0.694% on the last day (Friday, 28th Jun 2024) from kr7.20 to kr7.15. During the last trading day the stock fluctuated 2.86% from a day low at kr7.07 to a day high of kr7.27. The price has fallen in 6 of the last 10 days but is still up by 0.06% over the past 2 weeks. Volume has increased on the last day by 338 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, 815 thousand shares were bought and sold for approximately kr5.83 million.
Orrön Energy AB 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.
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.
