Breakout Stocks of Week 9 @ OTCMKTS
NASDAQ was up last week (week 8) 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 Deutsche Telekom AG OTCMKTS:DTEGY. This stock has had a buy signal since Feb 15, 2024 when the price was $23.89 , but have so far fallen -0.126% to $23.86. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 9 |
|---|---|---|---|
| Deutsche Telekom Ag | $23.86 | $23.79 | -0.293% |
| Heineken Nv Adr | $48.07 | $46.33 | -3.62% |
The Deutsche Telekom AG stock price fell by -1.16% on the last day (Friday, 23rd Feb 2024) from $24.14 to $23.86. During the last trading day the stock fluctuated 1.22% from a day low at $23.68 to a day high of $23.97. The price has fallen in 6 of the last 10 days and is down by -0.13% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -76 thousand shares and in total, 141 thousand shares were bought and sold for approximately $3.36 million.
On Apr 24, 2024, it was reported that Deutsche Bank gave DTEGY a "Buy" grade with a "hold" action.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Deutsche Telekom AG :
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers. The company also provides mobile voice and data services to consumers and business customers; sells mobile devices and other hardware products; and sells mobile services to resellers and to companies that purchases and markets network services to third parties, such as mobile virtual network operators. In addition, it offers internet services; internet-based TV products and services; and information and communication technology systems for multinational corporations and public sector institutions with an infrastructure of data centers and networks under the T-Systems brand, as well as call center services. The company has 242 million mobile customers and 22 million broadband customers, as well as 27 million fixed-network lines. Deutsche Telekom AG has a collaboration with VMware, Inc. on cloud-based open and intelligent virtual RAN platform to bring agility to radio access networks for existing LTE and future 5G networks; and partnership with Microsoft to deliver high-performance cloud computing experiences. The company was founded in 1995 and is headquartered in Bonn, Germany.
The Heineken Nv Adr stock price fell by -0.352% on the last day (Friday, 23rd Feb 2024) from $48.24 to $48.07. During the last trading day the stock fluctuated 0.518% from a day low at $47.99 to a day high of $48.24. The price has fallen in 6 of the last 10 days and is down by -6.75% for this period. Volume has increased on the last day by 64 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 110 thousand shares were bought and sold for approximately $5.27 million.
On Apr 25, 2024, it was reported that UBS gave HEINY a "Buy" grade with a "hold" action.
Heineken Nv Adr holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Heineken Nv Adr:
Heineken N.V. engages in the brewing and selling of beer and cider. It also provides soft drinks and water. It offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Birra Moretti, Affligem, Lagunitas, and Mort Subite brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Follow The Fox, Cidrerie Stassen, Bulmers, Old Mout, and Blind Pig brands. The company offers its products to retailers, bars, pubs, hotels, and restaurants in Europe, Americas, Africa, the Middle East, Eastern Europe, and the Asia Pacific markets. The company was founded in 1864 and is based in Amsterdam, the Netherlands. Heineken N.V. is a subsidiary of Heineken Holding N.V.
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.
