Breakout Stocks of Week 27 @ OMXC
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 Matas A/S OMXC:MATAS. This stock has had a buy signal since Jun 28, 2024 when the price was kr116.00 , but have so far fallen 0% to kr116.00. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Matas A/s | kr116.00 | kr118.60 ( 2nd Jul 2024 ) | 2.24% |
| Dampskibsselskabet Norden A/s | kr303.20 | kr311.20 ( 2nd Jul 2024 ) | 2.64% |
The Matas A/S stock price fell by -1.53% on the last day (Friday, 28th Jun 2024) from kr117.80 to kr116.00. During the last trading day the stock fluctuated 2.41% from a day low at kr116.00 to a day high of kr118.80. The price has been going up and down for this period, and there has been a -2.03% loss for the last 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 -23 thousand shares and in total, 45 thousand shares were bought and sold for approximately kr5.19 million.
Matas A/S holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
About Matas A/S:
Matas A/S, together with its subsidiaries, operates a chain of retail stores that offer beauty, personal care, health and wellbeing, and household products in Denmark. Its products include cosmetics, fragrances, and skin and hair care products; and vitamins, minerals, supplements, specialty foods, and herbal medicinal products, as well as sports and exercise, nutrition, mother and child, oral, foot and intimate care, hair removal, and special skincare products. The company provides house and garden products, including cleaning and maintenance, electrical, interior decoration, and textiles; and clothing and accessories, such as footwear, hair ornaments, jewelry, toilet bags, etc. As of December 31, 2021, it operated through 260 physical stores. The company also operates through websites, such as matas.dk, helsebixen.dk, jala-helsekost.dk, and made4men.dk, as well as wholesale sales, etc., including Kosmolet. Matas A/S was founded in 1949 and is headquartered in Allerød, Denmark.
The Dampskibsselskabet Norden A/S stock price fell by -0.655% on the last day (Friday, 28th Jun 2024) from kr305.20 to kr303.20. During the last trading day the stock fluctuated 2.31% from a day low at kr302.60 to a day high of kr309.60. The price has been going up and down for this period, and there has been a 3.69% gain for the last 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 -14 thousand shares and in total, 59 thousand shares were bought and sold for approximately kr18.04 million.
Dampskibsselskabet Norden A/S holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
About Dampskibsselskabet Norden A/S:
Dampskibsselskabet NORDEN A/S, a shipping company, owns and operates dry cargo and tanker vessels worldwide. The company operates through three segments: Asset Management, Dry Operator, and Tanker Operator. The Asset Management segment owns and charters in long-term vessel capacity; and charters out its capacity of owned and long-term chartered tonnage to dry operators, tanker operators, and third parties. The Dry Operator segment engages in the transportation of bulk commodities, such as grain, coal, iron ore, and sugar; and short-term dry cargo activities. The Tanker Operator segment transports fuel oil or refined oil products. The company operates 92 Panamax, 131 Supramax, and 103 Handysize vessels; and 85 MR and 39 Handysize vessels. Dampskibsselskabet NORDEN A/S was founded in 1871 and is headquartered in Hellerup, Denmark.
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.
