Breakout Stocks of Week 4 @ OMXH
NASDAQ was up last week (week 3) by 0.94% ending at 15,455.36 points after gaining 144.39 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 Jan 25, 2024 when the price was 38.36€ and is so far up 0.183% to 38.43€. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 4 |
|---|---|---|---|
| Sampo Oyj | 38.43€ | 38.82€ | 1.03% |
The Sampo Oyj stock price gained 0.183% on the last trading day (Friday, 26th Jan 2024), rising from 38.36€ to 38.43€. During the last trading day the stock fluctuated 1.45% from a day low at 38.28€ to a day high of 38.84€. The price has fallen in 6 of the last 10 days and is down by -0.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 642 thousand shares were bought and sold for approximately 24.66€ million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sampo Oyj stock to perform well in the short-term.
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.
