Breakout Stocks of Week 15 @ OMXH
NASDAQ was down last week (week 14) by -0.452% ending at 16,175.09 points after falling -73.43 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 08, 2024 when the price was 39.65€ , but have so far fallen -0.605% to 39.41€. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 15 |
|---|---|---|---|
| Sampo Oyj | 39.41€ | 39.87€ | 1.17% |
The Sampo Oyj stock price fell by -0.152% on the last day (Friday, 12th Apr 2024) from 39.47€ to 39.41€. During the last trading day the stock fluctuated 1.28% from a day low at 39.18€ to a day high of 39.68€. The price has fallen in 7 of the last 10 days and is down by -2.17% 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 -30 thousand shares and in total, 541 thousand shares were bought and sold for approximately 21.34€ million.
Sampo Oyj 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 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.
