Breakout Stocks of Week 27 @ PAR
NASDAQ was up last week (week 26) by 0.244% ending at 17,732.60 points after gaining 43.24 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 SPIE SA PAR:SPIE. This stock has had a buy signal since Jun 28, 2024 when the price was 33.78€ , but have so far fallen 0% to 33.78€. Some other companies are on our watchlist to, among these are Alstom SA PAR:ALO Renault SA PAR:RNO Teleperformance SE PAR:TEP and Veolia Environnement S.A. PAR:VIE which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Spie Sa | 33.78€ | 35.34€ ( 2nd Jul 2024 ) | 4.62% |
| Alstom Sa | 15.70€ | 16.10€ ( 2nd Jul 2024 ) | 2.52% |
| Renault Sa | 47.84€ | 49.10€ ( 2nd Jul 2024 ) | 2.63% |
| Teleperformance Se | 98.34€ | 107.05€ ( 2nd Jul 2024 ) | 8.86% |
| Veolia Environnement S.a. | 27.92€ | 28.30€ ( 2nd Jul 2024 ) | 1.36% |
The SPIE SA stock price fell by -0.764% on the last day (Friday, 28th Jun 2024) from 34.04€ to 33.78€. During the last trading day the stock fluctuated 2.27% from a day low at 33.54€ to a day high of 34.30€. The price has risen in 5 of the last 10 days and is up by 4.26% over the past 2 weeks. 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 -37 thousand shares and in total, 355 thousand shares were bought and sold for approximately 11.99€ million.
SPIE SA 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 SPIE SA:
SPIE SA provides multi-technical services in the areas of energy and communications. The company operates through four segments: France; Germany and Central Europe; North-Western Europe; and Oil & Gas and Nuclear. It provides technical engineering solutions for buildings; integrated ICT solutions, including IT consulting, integration, and maintenance; electrical, mechanical, and HVAC engineering services; and operation and maintenance of real estate and facilities. The company also offers oil and gas services, including exploring and investigating new fields, buildings and operating facilities, and optimizing production; construction, renovation, and maintenance services for bridges, locks, and pumping stations; maintenance and innovative solutions for traffic infrastructure; and fixed and mobile digital telecom networks, as well as technical building management, communications and networks, tech FM services; engineering, construction, maintenance, and optimization services for industrial processes; energy recovery and sustainable management services to technical facilities; and energy transmission networks, medium-voltage facilities, distribution networks, busbar systems, and wind and solar power farms. In addition, it engages in the installation and maintenance of electrical systems, heating and air conditioning, building ventilation, utilities and automation for industries; and management of IT and data processing infrastructures. SPIE SA was founded in 1900 and is headquartered in Cergy-Pontoise, France.
The Alstom SA stock price gained 1.26% on the last trading day (Friday, 28th Jun 2024), rising from 15.51€ to 15.70€. During the last trading day the stock fluctuated 2.33% from a day low at 15.47€ to a day high of 15.83€. The price has been going up and down for this period, and there has been a 1.26% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 774 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 39.00€ million.
Alstom SA 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 Alstom SA:
Alstom SA offers solutions for rail transport industry in Europe, the Americas, Asia and Pacific, the Middle East, and Africa. The company offers rolling stock solutions for people movers and monorails, light rails, metros, commuter trains, regional and intercity trains, high-speed trains, and locomotives; asset optimization, connectivity, digital passenger, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling. It also provides tram, metro, and main line systems; and tracklaying and track solutions, catenary free and ground feeding solutions, electrification solutions, and electromechanical equipment. In addition, the company provides maintenance, modernization, parts and repair, and support services. Further, it offers various components, including bogies, motors and generators, switchgears, auxiliary converters, traction transformers, brake friction, components propulsion, train control and information systems, and dispen dampers. The company was incorporated in 1992 and is based in Saint-Ouen, France.
The Renault SA stock price gained 1.14% on the last trading day (Friday, 28th Jun 2024), rising from 47.30€ to 47.84€. During the last trading day the stock fluctuated 1.89% from a day low at 47.16€ to a day high of 48.05€. The price has risen in 7 of the last 10 days but is still down by -0.62% for this period. Volume fell on the last day by -853 thousand shares and in total, 927 thousand shares were bought and sold for approximately 44.37€ 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.
Renault SA 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 Renault SA:
Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally. The company operates through Automotive, AVTOVAZ, Sales Financing, and Mobility Services segments. It offers passenger and light commercial, and electric vehicles primarily under the Renault, Dacia, Renault Samsung Motors, Alpine, LADA, Jinbei & Huaasong, and Eveasy, as well as under the Nissan, Datsun, and Infiniti brands. The company also sells powertrains and used vehicles, and spare parts; and provides various services, including vehicle sales financing, rental, maintenance, and service contracts. In addition, it offers finance for the purchase on inventories of new and used vehicles, and replacement parts; designs, produces, and sells converted vehicles; Renault EASY CONNECT for Fleet, a connected service for business users; and produces driving aids, such as steering-wheel mounted accelerators and brakes, multifunction remote control units to operate indicators, lights and horns, pedal transfers, etc.; and manual or electric swivel seats. Renault SA was founded in 1898 and is based in Boulogne-Billancourt, France.
The Teleperformance SE stock price fell by -3.02% on the last day (Friday, 28th Jun 2024) from 101.40€ to 98.34€. During the last trading day the stock fluctuated 4.68% from a day low at 97.54€ to a day high of 102.10€. The price has risen in 6 of the last 10 days and is up by 5.4% over the past 2 weeks. 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 -153 thousand shares and in total, 225 thousand shares were bought and sold for approximately 22.09€ million.
Teleperformance SE 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.
The Veolia Environnement S.A. stock price fell by -0.676% on the last day (Friday, 28th Jun 2024) from 28.11€ to 27.92€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.40% from a day low at 27.83€ to a day high of 28.22€. The price has fallen in 6 of the last 10 days. Volume has increased on the last day by 671 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, 2 million shares were bought and sold for approximately 68.91€ million.
Veolia Environnement S.A. 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 Veolia Environnement S.A.:
Veolia Environnement S.A. designs and provides water, waste, and energy management solutions worldwide. The company is involved in the resource management, production, and delivery of drinking water and industrial process water; collection, treatment, and recycling of wastewater; and design and construction of treatment and network infrastructure. It also provides waste collection, waste material recovery, waste-to-energy, organic waste material recovery, hazardous waste treatment, dismantling and remediation, urban cleaning, and industrial maintenance and cleaning services. In addition, the company engages in the operation and maintenance of heating and cooling networks; development of energy services to reduce the energy consumption and CO2 emissions of buildings; optimization of industrial utilities; and energy use related to processes and industrial buildings, as well as produces electricity from biomass. It offers drinking water to 95 million people. The company was formerly known as Vivendi Environnement and changed its name to Veolia Environnement S.A. in 2003. Veolia Environnement S.A. was founded in 1853 and is based in Aubervilliers, France.
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.
