Breakout Stocks of Week 14 @ OMXH
NASDAQ was down last week (week 13) by -0.799% ending at 16,248.52 points after falling -130.94 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 Sampo Oyj OMXH:SAMPO. This stock has had a buy signal since Apr 04, 2024 when the price was 39.20€ and is so far up 1.66% to 39.85€. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 14 |
|---|---|---|---|
| Sampo Oyj | 39.85€ | 39.41€ | -1.10% |
The Sampo Oyj stock price gained 1.66% on the last trading day (Friday, 5th Apr 2024), rising from 39.20€ to 39.85€. During the last trading day the stock fluctuated 2.36% from a day low at 39.02€ to a day high of 39.94€. The price has been going up and down for this period, and there has been a -1.41% loss for the last 2 weeks. Volume fell on the last day by -57 thousand shares and in total, 717 thousand shares were bought and sold for approximately 28.56€ 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.
Sampo Oyj holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Sampo Oyj:
Sampo Oyj, through its subsidiaries, provides life and non-life insurance products and services in Finland, Sweden, Norway, Denmark, and the Baltic countries. It operates through If, Topdanmark, Hastings, Mandatum, and Holding segments. The company offers household, homeowner, motor, accident, travel, boat, forest, livestock, property, casualty, liability, car, van, bike, and cargo insurance. It also provides life, individual and group pension, home and content, illness, animal, electronics, change of ownership, workers' compensation, rewards, marine, aviation, and transport insurance, as well as wealth management and asset management services. Sampo Oyj was founded in 1909 and is based in Helsinki, Finland.
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.
