Breakout Stocks of Week 26 @ OMXI
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 Kvika banki hf. OMXI:KVIKA. This stock has had a buy signal since Jun 28, 2024 when the price was 14.25 Íkr , but have so far fallen 0% to 14.25 Íkr. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Kvika Banki Hf. | 14.25 Íkr | 14.25 Íkr ( 28th Jun 2024 ) | 0% |
No changes to the price of Kvika banki hf. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 1.40% from a day low at 14.25 Íkr to a day high of 14.45 Íkr. The price has fallen in 9 of the last 10 days and is down by -6.56% for this period.
Kvika banki hf. 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 Kvika banki hf.:
Kvika banki hf., a specialized bank, provides investment banking, insurance, asset management, and banking services to businesses, investors, and individuals in Iceland and the United Kingdom. It operates through four segments: Asset Management, Commercial Banking, Insurance Services, and Investment Banking. The Asset Management segment manages various mutual funds, investment funds, and institutional investor funds, as well as offers private banking services; offers products and services relates to domestic and foreign assets; and private pension plans. The Commercial Banking segment provides various banking services and related advisory services, and specialized lending services; lease contracts; and car, heavy machinery, and other equipment loans to individuals and companies under Lykill brand name. The Insurance Services segment portfolio consists of motor, property, marine, liability, accident, and life insurance services to commercial and private customers. The Investment Banking segment offers securities brokerage and forex market services; and various investments and financing, mergers, acquisitions and divestments, capital raising, and initial public offerings related advisory services, as well as fund and asset management services. It also provides real estate fund management and business consultancy services. Kvika banki hf. was incorporated in 2002 and is headquartered in Reykjavik, Iceland.
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.
