Breakout Stocks of Week 13 @ OMXC
NASDAQ was up last week (week 12) by 2.68% ending at 16,401.84 points after gaining 428.66 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 Ringkjoebing Landbobank A-S OMXC:RILBA. This stock has had a buy signal since Jan 12, 2024 when the price was kr1,019.00 and is so far up 17.86% to kr1,201.00. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 13 |
|---|---|---|---|
| Ringkjoebing Landbobank A-s | kr1,201.00 | kr1,209.00 | 0.666% |
| Spar Nord Bank A/s | kr113.60 | kr115.20 | 1.41% |
The Ringkjoebing Landbobank A-S stock price gained 0.84% on the last trading day (Friday, 22nd Mar 2024), rising from kr1,191.00 to kr1,201.00. During the last trading day the stock fluctuated 1.77% from a day low at kr1,187.00 to a day high of kr1,208.00. The price has risen in 6 of the last 10 days and is up by 2.65% 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, 6 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately kr37.76 million.
Ringkjoebing Landbobank A-S 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.
The Spar Nord Bank A/S stock price gained 1.34% on the last trading day (Friday, 22nd Mar 2024), rising from kr112.10 to kr113.60. During the last trading day the stock fluctuated 2.58% from a day low at kr112.50 to a day high of kr115.40. The price has been going up and down for this period, and there has been a -7.49% loss for the last 2 weeks. Volume fell on the last day by -83 thousand shares and in total, 155 thousand shares were bought and sold for approximately kr17.61 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.
The Spar Nord Bank A/S stock holds several negative signals and despite the positive trend, we believe Spar Nord Bank A/S will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Spar Nord Bank A/S:
Spar Nord Bank A/S provides various banking products and services to retail, business, and public sector customers in Denmark. It offers deposits, loans, advances, and guarantee services, as well as custodianship accounts. The company also provides trading services in the field of equities, bonds, interest and forex, asset management, and international transactions, as well as leasing products. In addition, it offers consumer financing services through retail stores; gift voucher solutions through shopping centers and shopping center associations; and direct loans through its website, sparxpres.dk. The company operates through a network of 58 branches. Spar Nord Bank A/S was founded in 1824 and is based in Aalborg, 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.
