Breakout Stocks of Week 26 @ PAR
NASDAQ was up last week (week 25) by 0.0027% ending at 17,689.36 points after gaining 0.478 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 Robertet SA PAR:RBT. This stock has had a buy signal since Jun 21, 2024 when the price was 827.00€ , but have so far fallen 0% to 827.00€. Some other companies are on our watchlist to, among these are Sanofi PAR:SAN Amundi Euro Stoxx Banks UCITS ETF Acc PAR:BNKE Société BIC SA PAR:BB and Legrand SA PAR:LR which all got a breakout pattern emerging.
| Date | Company | Price | Week 26 |
|---|---|---|---|
| Robertet Sa | 827.00€ | 817.00€ | -1.21% |
| Sanofi | 87.62€ | 89.94€ | 2.65% |
| Amundi Euro Stoxx Banks Ucits Etf Acc | 154.69€ | 156.08€ | 0.90% |
| Société Bic Sa | 55.90€ | 55.00€ | -1.61% |
| Legrand Sa | 93.36€ | 92.64€ | -0.771% |
The Robertet SA stock price fell by -0.481% on the last day (Friday, 21st Jun 2024) from 831.00€ to 827.00€. During the last trading day the stock fluctuated 0.97% from a day low at 825.00€ to a day high of 833.00€. The price has fallen in 6 of the last 10 days and is down by -3.05% for this period. Volume has increased on the last day by 4 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, 4 thousand shares were bought and sold for approximately 3.46€ million.
Robertet 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 Robertet SA:
Robertet SA produces and sells perfumes, aromas, and natural products. The company operates in three segments: Raw materials, Fragrances, and Flavors. It also produces organic essential oils and active ingredients. The company operates in North America, Europe, the Asia Pacific, South America, Caribbean, Africa, and the Middle East. Robertet SA was founded in 1850 and is headquartered in Grasse, France.
The Sanofi stock price fell by -0.556% on the last day (Friday, 21st Jun 2024) from 88.11€ to 87.62€. During the last trading day the stock fluctuated 1.88% from a day low at 87.14€ to a day high of 88.78€. The price has fallen in 7 of the last 10 days and is down by -3.85% for this period. Volume has increased on the last day by 4 million 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, 5 million shares were bought and sold for approximately 439.81€ million.
Sanofi 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 Sanofi:
Sanofi, together with its subsidiaries, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally. It operates through three segments: Pharmaceuticals, Vaccines, and Consumer Healthcare. The company provides specialty care products, including human monoclonal antibodies; products for multiple sclerosis, neurology, other inflammatory diseases, immunology, rare diseases, oncology, and rare blood disorders; medicines for diabetes; and cardiovascular and established prescription products. It also supplies poliomyelitis, pertussis, and hib pediatric vaccines; and influenza, adult booster, meningitis, and travel and endemic vaccines. In addition, the company offers allergy, cough and cold, pain, liver care, physical and mental wellness, probiotics, digestive, and nutritional products; and other products, such as daily body lotions, anti-itch products, moisturizing and soothing lotions, and body and foot creams, as well as powders for eczema. Further, it has various pharmaceutical products and vaccines in development stage. Sanofi has collaboration agreement with GlaxoSmithKline to develop a recombinant Covid-19 vaccine; and a research collaboration with Stanford University School of Medicine to advance the understanding of immunology and inflammation through open scientific exchange. It also has a collaboration and license option agreement with Prellis Biologics, Inc. The company was formerly known as Sanofi-Aventis and changed its name to Sanofi in May 2011. Sanofi was founded in 1973 and is headquartered in Paris, France.
The Amundi Euro Stoxx Banks UCITS Acc ETF price fell by -1.82% on the last day (Friday, 21st Jun 2024) from 157.56€ to 154.69€. During the last trading day the ETF fluctuated 2.42% from a day low at 153.65€ to a day high of 157.37€. The price has fallen in 6 of the last 10 days and is down by -6.87% for this period. Volume has increased on the last day by 10 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, 15 thousand shares were bought and sold for approximately 2.30€ million.
The Amundi Euro Stoxx Banks UCITS Acc ETF holds several negative signals and despite the positive trend, we believe Amundi Euro Stoxx Banks UCITS Acc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
The Société BIC SA stock price gained 1.45% on the last trading day (Friday, 21st Jun 2024), rising from 55.10€ to 55.90€. During the last trading day the stock fluctuated 2.00% from a day low at 55.10€ to a day high of 56.20€. The price has fallen in 7 of the last 10 days and is down by -20.03% for this period. Volume fell on the last day by -87 thousand shares and in total, 120 thousand shares were bought and sold for approximately 6.73€ 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.
Société BIC SA holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
About Société BIC SA:
Société BIC SA manufactures and sells stationery, lighter, shaver, and other products worldwide. It offers ball and coloring felt pens, markers, sticky notes, leads, whiteboards, and correction tapes, as well as graphite, coloring, mechanical, and other pencils; reusable notebooks, smart pens, erasers, crayons, art and craft kits, refillable shavers, razors shave cream, body and face lotions, finger painting products, and watercolors; permanent, single, metallic, and temporary tattoo markers; gel ink, roller, and fineliner pens; and ball and gel pen, color, and mechanical refills. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. Further, the company is involved in the provision of delivery services; production of industrial equipment; and manufacture and distribution of IT solutions and consumer products, as well as in real estate and insurance activities. It markets its products primarily under the BIC, BIC Kids, Cello, Lucky, RocketBook, Tipp-Ex, BIC Wite-Out, DJEEP, BIC Soleil, Us, MADE FOR YOU, BIC Evolution, and BodyMark brands through a range of channels, including retail mass-market distributors, traditional stores, and office product stationers, as well as an e-commerce site. The company was founded in 1944 and is headquartered in Clichy, France.
The Legrand SA stock price fell by -0.786% on the last day (Friday, 21st Jun 2024) from 94.10€ to 93.36€. During the last trading day the stock fluctuated 0.94% from a day low at 93.16€ to a day high of 94.04€. The price has fallen in 7 of the last 10 days and is down by -5.22% for this period. Volume has increased on the last day by 461 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, 732 thousand shares were bought and sold for approximately 68.38€ million.
The Legrand SA stock holds several negative signals and despite the positive trend, we believe Legrand SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Legrand SA:
Legrand SA, together with its subsidiaries, provides electrical and digital building infrastructures worldwide. The company offers MCBs, RCDs, and din rail equipment, including residual current circuit breakers, RCBOs, add-on modules and accessories, surge protective devices, other control and signaling devices, and time and light-sensitive switches, as well as dimmers, relays, transformers, power supplies, and accessories; ACBs, MCCBs, head equipment, and busbar systems; enclosures and accessories; equipment and accessories; home network, home automation, and hotel equipment; wiring accessories; weatherproof wiring accessories and other installation equipment; lighting management, emergency lighting, access control, and safety equipment; UPS and LCS products, cable management systems, equipment, and accessories; and mosaic wiring accessories. Its products are used in hotels, offices, data centers, industrial sites, shops, hospitals, schools, and universities, as well as residential, commercial, and industrial buildings. Legrand SA was founded in 1865 and is headquartered in Limoges, 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.
