Breakout Stocks of Week 19 @ PAR
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 Gaztransport & Technigaz Société Anonyme PAR:GTT. This stock has had a buy signal since Apr 29, 2024 when the price was 129.80€ and is so far up 1.93% to 132.30€. Some other companies are on our watchlist to, among these are Carrefour SA PAR:CA Bouygues SA PAR:EN Eurofins Scientific SE PAR:ERF and Airbus SE PAR:AIR which all got a breakout pattern emerging.
| Date | Company | Price | Week 19 |
|---|---|---|---|
| Gaztransport & Technigaz Société Anonyme | 132.30€ | 135.80€ | 2.65% |
| Carrefour Sa | 15.62€ | 16.49€ | 5.57% |
| Bouygues Sa | 35.12€ | 35.91€ | 2.25% |
| Eurofins Scientific Se | 56.68€ | 57.66€ | 1.73% |
| Airbus Se | 154.34€ | 159.84€ | 3.56% |
The Gaztransport & Technigaz Société stock price gained 0.303% on the last trading day (Friday, 3rd May 2024), rising from 131.90€ to 132.30€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.67% from a day low at 131.70€ to a day high of 133.90€. The price has been going up and down for this period, and there has been a -3.71% loss 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, 3 thousand more shares were traded than the day before. In total, 75 thousand shares were bought and sold for approximately 9.92€ million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gaztransport & Technigaz Société stock to perform well in the short-term.
About Gaztransport & Technigaz Société Anonyme:
Gaztransport & Technigaz SA, a technology and engineering company, provides cryogenic membrane containment systems for the maritime transportation and storage of liquefied gas and liquefied natural gas (LNG) in South Korea, China, Russia, and internationally. The company offers solutions, such as commercial vessel tanks, small and medium-capacity LNG carriers, bunker barges and vessels, and floating storage structures and bunkering stations for supplying LNG to merchant vessels other than LNG carriers; and LNG fuel storage solutions and related systems for the merchant vessels that use LNG as a marine fuel to replace the conventional fuel oils. It also provides membrane technology system for the bulk transportation and storage of LNG; and LNG Brick, a package for storage of gas for propulsion dedicated to ships requiring a small quantity of LNG. Further, it provides consultancy and engineering study, construction assistance, emergency response, training, and maintenance support services; and designs and assembles electrolysers for the production of green hydrogen, as well as offers smart shipping services; and digital services, such as in-depth data analytics. In addition, the company licenses its technologies to shipyards. The company serves shipyards, ship-owners, terminal operators, gas companies, and classification societies. Gaztransport & Technigaz SA was founded in 1963 and is headquartered in Saint-Rémy-lès-Chevreuse, France.
The Carrefour SA stock price gained 0.547% on the last trading day (Friday, 3rd May 2024), rising from 15.54€ to 15.62€. During the last trading day the stock fluctuated 1.16% from a day low at 15.54€ to a day high of 15.72€. The price has been going up and down for this period, and there has been a -0.6% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 951 thousand shares were bought and sold for approximately 14.86€ 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.
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 Carrefour SA:
Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, and Taiwan. The company operates hypermarkets, supermarkets, convenience stores, cash and carry stores, and hypercash stores; e-commerce sites; and service stations. Its stores offer fresh produce; local products; consumer goods; and non-food products, including electronic and household appliances, textiles, and childcare products. The company is also involved in banking, insurance, property development, and franchise activities; the provision of travel agency services; and the rental of shopping malls. As of December 31. 2021, it operated 253 hypermarkets, 1,043 supermarkets, 4,330 convenience stores, 147 cash and carry outlets, and 26 soft discount stores in France; 457 hypermarkets, 1,926 supermarkets, 3,430 convenience stores, 12 cash and carry outlets, and 81 soft discount stores in rest of Europe; 184 hypermarkets, 151 supermarkets, 558 convenience stores, 259 cash and carry outlets, and one soft discount store in Argentina and Brazil; and 70 hypermarkets, four supermarkets, and 274 convenience stores in Taiwan, as well as 688 stores through local franchisee partners in Middle East, Africa, etc. Carrefour SA was founded in 1959 and is based in Massy, France.
The Bouygues SA stock price gained 0.92% on the last trading day (Friday, 3rd May 2024), rising from 34.80€ to 35.12€. During the last trading day the stock fluctuated 1.06% from a day low at 34.91€ to a day high of 35.28€. The price has risen in 7 of the last 10 days but is still down by -2.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 179 thousand more shares were traded than the day before. In total, 790 thousand shares were bought and sold for approximately 27.75€ million.
Bouygues SA 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 Bouygues SA:
Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. The company designs, builds, renovates, operates, and deconstructs building, infrastructure, and industrial projects; develops urban planning, residential, and commercial projects; constructs and maintains roads and motorways, airport runways, ports, industrial logistics and commercial hubs, urban roads and amenities, external works, reserved-lane public transport facilities, leisure facilities, and environmental amenities, as well as undertakes civil engineering activities; produces and recycles construction materials; and distributes bitumen. It also engages in the construction, renewal, and maintenance of rail networks; fitting of road safety and signaling equipment; and laying and maintenance of pipes and pipelines. In addition, the company produces TF1, TMC, TFX, TF1, and LCI complementary TV channels; operates TV Breizh, Histoire, Ushuaïa, and Serieclub channels; produces, broadcasts, and distributes content; produces cinemas; operates la seine musicale entertainment and concert venue; and licenses, publishes, and boards games, as well as musical and events. Further, it offers telecom services; mobile and fixed Internet services; and Bbox Miami, an Android box for TV. Bouygues SA was founded in 1952 and is based in Paris, France.
The Eurofins Scientific SE stock price gained 0.319% on the last trading day (Friday, 3rd May 2024), rising from 56.50€ to 56.68€. During the last trading day the stock fluctuated 2.87% from a day low at 56.52€ to a day high of 58.14€. The price has been going up and down for this period, and there has been a -5.66% loss for the last 2 weeks. Volume fell on the last day by -150 thousand shares and in total, 259 thousand shares were bought and sold for approximately 14.69€ 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.
The Eurofins Scientific SE stock holds several negative signals and despite the positive trend, we believe Eurofins Scientific SE will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Eurofins Scientific SE:
Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide. The company offers a portfolio of approximately 200,000 analytical methods to evaluate the safety, identity, composition, authenticity, origin, traceability, and purity of various products. It provides services such as agro-science, including biological assessment, consumer and human, and environmental safety, product chemistry, regulatory consultancy, and seed services; agro testing; assurance, such as product inspection, auditing, certification, training and consultation of food, consumer products, and healthcare and cosmetics; biopharma, and clinical diagnostics. In addition, the company offers consumer product testing, which include product compliance and audit, testing, certifications and approvals, inspections, training courses, and digital media and cyber security for various industries; cosmetics and personal care; environment testing, including water, air, soil, waste, and other products testing; and food and feed testing that include allergen, GMO, grain, meat, nano material, pesticides, and residual DNA testing. Further, it offers audit and certification, authenticity, carbohydrates, consulting, dioxins and POPs, food irradiation, labelling, law, heavy metals, identity preservation, mealtime, molecular and microbiology, mycotoxins, nutritional analyses, organic containments, packaging/migration, radioactivity, rapidest, sensorsy and consumer research, trainings, veterinary drug residues, and vitamins services. Additionally, the company provides forensic, genomic, maritime, materials and engineering, REACH, and technologies services. It operates approximately 900 laboratories in 54 countries. The company was founded in 1987 and is headquartered in Luxembourg City, Luxembourg.
The Airbus SE stock price gained 0.495% on the last trading day (Friday, 3rd May 2024), rising from 153.58€ to 154.34€. During the last trading day the stock fluctuated 1.34% from a day low at 153.46€ to a day high of 155.52€. The price has fallen in 7 of the last 10 days and is down by -3.93% for this period. Volume fell on the last day by -366 thousand shares and in total, 699 thousand shares were bought and sold for approximately 107.83€ 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.
The Airbus SE stock holds several negative signals and despite the positive trend, we believe Airbus SE will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Airbus SE:
Airbus SE engages in the designing, manufacturing, and delivering aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space. The Airbus segment develops, manufactures, markets, and sells commercial jet aircraft of approximately 100 seats; and regional turboprop aircraft and aircraft components, as well as provides aircraft conversion and related services. The Airbus Helicopters segment engages in the development, manufacturing, marketing, and sale of civil and military helicopters; and provision of helicopter related services. The Airbus Defence and Space segment designs, develops, delivers, and supports military aircraft, such as combat, mission, transport, tanker aircraft, and their associated services; and offers unmanned aerial systems. This segment also offers civil and defense space systems for telecommunications, earth observations, navigation, science, and orbital systems; missile systems; and space launcher systems, as well as services around data processing from platforms, secure communication, and cyber security. The company was formerly known as Airbus Group SE and changed its name to Airbus SE in April 2017. Airbus SE was incorporated in 1998 and is based in Leiden, the Netherlands.
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.
