Breakout Stocks of Week 4 @ OMXI
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 Eimskipafelag Islands hf. OMXI:EIM. This stock has had a buy signal since Jan 24, 2024 when the price was 456.00 Íkr , but have so far fallen -0.219% to 455.00 Íkr. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 4 |
|---|---|---|---|
| Eimskipafelag Islands Hf. | 455.00 Íkr | 449.00 Íkr | -1.32% |
No changes to the price of Eimskipafelag Islands hf. stock on the last trading day (Friday, 26th Jan 2024). During the last trading day the stock fluctuated 0.88% from a day low at 455.00 Íkr to a day high of 459.00 Íkr. The price has fallen in 6 of the last 10 days and is down by -4.21% for this period.
Eimskipafelag Islands 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 Eimskipafelag Islands hf.:
Eimskipafélag Íslands hf., together with its subsidiaries, provides shipping, logistics, and supply chain management services worldwide. The company operates through two segments, Liner Services and Forwarding Services. It offers its solutions on land, sea, and air with focus on the handling and storing various types of temperature-controlled cargo, frozen or chilled, and dry cargo, containerized, or conventionally loaded. The company engages in the transportation of goods to and from Iceland, Norway, and the Faroe Islands through its service routes on the North Atlantic. Its services include pre-carriage, container, documentation, on-carriage, distribution, sea transportation, trucking, warehousing, and logistic services, as well as terminals operations. The company also operates a fleet of reefer, container, refrigerated bulk, and multipurpose container/bulk vessels. In addition, it owned and operated chilled and cold storage facilities in Iceland, Norway, the Faroe Islands, Newfoundland, Labrador, and China; and warehouses for dry cargo in Iceland, the United States, the Faroe Islands, the United Kingdom, Norway, Sweden, Denmark, the Netherlands, and Vietnam. The company was founded in 1914 and is headquartered in Reykjavík, 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.
