Breakout Stocks of Week 19 @ OTCBB
NASDAQ was up last week (week 18) by 1.43% ending at 16,156.33 points after gaining 228.43 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 Volkswagen AG OTCBB:VWAGY. This stock has had a buy signal since May 03, 2024 when the price was $14.28 , but have so far fallen 0% to $14.28. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Volkswagen Ag | $14.28 | $14.28 ( 3rd May 2024 ) | 0% |
The Volkswagen AG stock price gained 0.85% on the last trading day (Friday, 3rd May 2024), rising from $14.16 to $14.28. During the last trading day the stock fluctuated 1.19% from a day low at $14.24 to a day high of $14.41. The price has fallen in 6 of the last 10 days and is down by -4.67% for this period. Volume fell on the last day by -115 thousand shares and in total, 277 thousand shares were bought and sold for approximately $3.96 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
On Apr 17, 2024, it was reported that Bernstein gave VWAGY a "Market Perform" grade with a "downgrade" action.
Volkswagen AG 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 Volkswagen AG:
Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; and light commercial vehicles; and produces and sells passenger cars and related parts. The Commercial Vehicles segment develops, produces, and sells trucks and buses; and offers parts and related services. The Power Engineering segment offers large-bore diesel engines, turbomachinery, and propulsion components. The Financial Services segment provides dealer and customer financing, leasing, banking and insurance, fleet management, and mobility services. The company also offers motorcycles. It provides its products under the Volkswagen Passenger Cars, Audi, KODA, SEAT, Bentley, Porsche, Volkswagen Commercial Vehicles, Scania, MAN, Lamborghini, Ducati, and Bugatti brands. Volkswagen AG was founded in 1937 and is based in Wolfsburg, Germany. Volkswagen AG operates as a subsidiary of Porsche Automobil Holding SE.
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.
