Breakout Stocks of Week 11 @ OMXH
NASDAQ was down last week (week 10) by -0.696% ending at 15,973.17 points after falling -111.94 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 Nokian Renkaat Oyj OMXH:TYRES. This stock has had a buy signal since Mar 15, 2024 when the price was 8.12€ , but have so far fallen 0% to 8.12€. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 11 |
|---|---|---|---|
| Nokian Renkaat Oyj | 8.12€ | 8.75€ | 7.71% |
The Nokian Renkaat Oyj stock price gained 0.123% on the last trading day (Friday, 15th Mar 2024), rising from 8.11€ to 8.12€. During the last trading day the stock fluctuated 0.94% from a day low at 8.11€ to a day high of 8.18€. The price has fallen in 6 of the last 10 days and is down by -4.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 211 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately 9.28€ 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.
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.
