Breakout Stocks of Week 7 @ OMXI
NASDAQ was down last week (week 6) by -1.34% ending at 15,775.65 points after falling -215.01 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 Eik Fasteignafelag Hf OMXI:EIK. This stock has had a buy signal since Feb 16, 2024 when the price was 11.80 Íkr , but have so far fallen 0% to 11.80 Íkr. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 7 |
|---|---|---|---|
| Eik Fasteignafelag Hf | 11.80 Íkr | 11.20 Íkr | -5.08% |
No changes to the price of Eik Fasteignafelag Hf stock on the last trading day (Friday, 16th Feb 2024). During the last trading day the stock fluctuated 1.69% from a day low at 11.80 Íkr to a day high of 12.00 Íkr. The price has been going up and down for this period, and there has been a -5.6% loss for the last 2 weeks.
The Eik Fasteignafelag Hf stock holds several negative signals and despite the positive trend, we believe Eik Fasteignafelag Hf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Eik Fasteignafelag Hf:
Eik fasteignafélag hf. invests in, owns, operates, and leases business premises. It operates through two segments: Investment Properties and Hotel. The company also operates hotels. Eik fasteignafélag hf. was founded in 2002 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.
