Breakout Stocks of Week 27 @ PINK
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 United Utilities Group PLC PINK:UUGRY. This stock has had a buy signal since Jun 25, 2024 when the price was $25.68 , but have so far fallen -2.14% to $25.13. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| United Utilities Group Plc | $25.13 | $24.75 ( 2nd Jul 2024 ) | -1.51% |
| Smurfit Kappa Group Plc | $45.17 | $43.68 ( 2nd Jul 2024 ) | -3.30% |
The United Utilities Group PLC stock price gained 0.440% on the last trading day (Friday, 28th Jun 2024), rising from $25.02 to $25.13. During the last trading day the stock fluctuated 1.61% from a day low at $24.81 to a day high of $25.21. The price has fallen in 7 of the last 10 days and is down by -7.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 84 thousand more shares were traded than the day before. In total, 99 thousand shares were bought and sold for approximately $2.48 million.
On Jun 17, 2024, it was reported that Morgan Stanley gave UUGRY a "Overweight" grade with a "hold" action.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for United Utilities Group PLC stock to perform well in the short-term period.
About United Utilities Group PLC:
United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 42,000 kilometers of water pipes; and 78,000 km of wastewater pipes. United Utilities Group PLC was incorporated in 2008 and is based in Warrington, the United Kingdom.
The Smurfit Kappa Group Plc stock price gained 0.422% on the last trading day (Friday, 28th Jun 2024), rising from $44.98 to $45.17. During the last trading day the stock fluctuated 2.75% from a day low at $44.34 to a day high of $45.56. The price has risen in 6 of the last 10 days but is still down by -1.48% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 92 thousand shares were bought and sold for approximately $4.15 million.
On Jul 01, 2024, it was reported that Barclays gave SMFKY a "Overweight" grade with a "hold" action.
Smurfit Kappa Group Plc 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 Smurfit Kappa Group Plc:
Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes. It also provides point of sale displays; automated packing lines; various types of containerboards, such as Kraftliners, testliners, and containerboard flutings; and corrugated sheet boards, solid board sheets, folding carton sheet boards, sack Kraft papers, MG Kraft papers, preprint products, agro-papers, technical papers, BanaBag, and Catcher Board MB12.In addition, the company offers recycling solutions to cardboard and paper products. It primarily serves food, beverage, and household consumables sectors. Smurfit Kappa Group plc was founded in 1934 and is headquartered in Dublin, Ireland.
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.
