Breakout Stocks of Week 6 @ OMXH
NASDAQ was up last week (week 5) by 2.31% ending at 15,990.66 points after gaining 361.71 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 Fiskars Oyj Abp OMXH:FSKRS. This stock has had a buy signal since Feb 09, 2024 when the price was 17.00€ , but have so far fallen 0% to 17.00€. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 6 |
|---|---|---|---|
| Fiskars Oyj Abp | 17.00€ | 16.54€ | -2.71% |
The Fiskars Oyj Abp stock price fell by -1.16% on the last day (Friday, 9th Feb 2024) from 17.20€ to 17.00€. During the last trading day the stock fluctuated 2.49% from a day low at 16.90€ to a day high of 17.32€. The price has been going up and down for this period, and there has been a -3.08% loss for the last 2 weeks. Volume has increased on the last day by 107 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 119 thousand shares were bought and sold for approximately 2.02€ million.
The Fiskars Oyj Abp stock holds several negative signals and despite the positive trend, we believe Fiskars Oyj Abp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Fiskars Oyj Abp:
Fiskars Oyj Abp manufactures and markets consumer products in Europe, the Americas, and the Asia Pacific. The company operates through Vita, Terra, Crea, and Other segments. It offers various products for the tableware, drinkware, and interior products under Iittala, Royal Copenhagen, Waterford, and Wedgwood brands; and provides gardening, watering, and outdoor products under Fiskars and Gerber brands. In addition, the company offers scissors and creating, as well as the cooking products under the Fiskars brand. Further, it rents and invests in real estate properties, as well as sells timber. Fiskars Oyj Abp was founded in 1649 and is headquartered 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.
