Breakout Stocks of Week 26 @ OMXH
NASDAQ was up last week (week 25) 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 KONE Oyj OMXH:KNEBV. This stock has had a buy signal since Jun 27, 2024 when the price was 46.13€ , but have so far fallen -0.0867% to 46.09€. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Kone Oyj | 46.09€ | 46.09€ ( 28th Jun 2024 ) | 0% |
The KONE Oyj stock price fell by -0.0867% on the last day (Friday, 28th Jun 2024) from 46.13€ to 46.09€. During the last trading day the stock fluctuated 0.85% from a day low at 46.04€ to a day high of 46.43€. The price has fallen in 6 of the last 10 days and is down by -2.06% 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 -104 thousand shares and in total, 450 thousand shares were bought and sold for approximately 20.72€ million.
KONE Oyj 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 KONE Oyj:
KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. It offers elevators, escalators, and automatic building doors. The company also provides maintenance services; modernization solutions; and various residential solutions. In addition, it offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Residential Flow, a smarter building solution for the movement of people, goods, and information; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators. Further, the company provides people flow planning and consulting services; and solutions for special buildings and large projects. KONE Oyj was founded in 1908 and is based in Espoo, 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.
