Breakout Stocks of Week 8 @ OMXI
NASDAQ was up last week (week 7) by 1.40% ending at 15,996.82 points after gaining 221.17 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 Reitir fasteignafelag hf. OMXI:REITIR. This stock has had a buy signal since Feb 20, 2024 when the price was 84.00 Íkr , but have so far fallen -0.595% to 83.50 Íkr. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 8 |
|---|---|---|---|
| Reitir Fasteignafelag Hf. | 83.50 Íkr | 82.50 Íkr | -1.20% |
| Eik Fasteignafelag Hf | 11.20 Íkr | 11.20 Íkr | 0% |
The Reitir fasteignafelag hf. stock price gained 1.52% on the last trading day (Friday, 23rd Feb 2024), rising from 82.25 Íkr to 83.50 Íkr. During the last trading day the stock fluctuated 1.21% from a day low at 82.50 Íkr to a day high of 83.50 Íkr. The price has fallen in 7 of the last 10 days and is down by -6.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately 220.44 Íkr million.
Reitir fasteignafelag 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 Reitir fasteignafelag hf.:
Reitir fasteignafélag hf. engages in the rental of commercial properties in Iceland. The company's property portfolio includes retail, shopping, industrial, office, and hotel real estate properties. It owns 135 properties covering an area of approximately 445,000 square meters. The company was incorporated in 2008 and is based in Reykjavik, Iceland.
No changes to the price of Eik Fasteignafelag Hf stock on the last trading day (Friday, 23rd Feb 2024). During the last trading day the stock fluctuated 0.89% from a day low at 11.20 Íkr to a day high of 11.30 Íkr. The price has fallen in 5 of the last 10 days and is down by -9.68% for this period.
Eik Fasteignafelag 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 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.
