Breakout Stocks of Week 22 @ SAO
NASDAQ was up last week (week 21) by 1.33% ending at 16,920.80 points after gaining 222.47 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 GPS Participações e Empreendimentos S.A. SAO:GGPS3. This stock has had a buy signal since May 24, 2024 when the price was R$18.70 , but have so far fallen 0% to R$18.70. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 22 |
|---|---|---|---|
| Gps Participações E Empreendimentos S.a. | R$18.70 | R$18.54 | -0.86% |
The GPS Participações e Empreendimentos stock price fell by -0.532% on the last day (Friday, 24th May 2024) from R$18.80 to R$18.70. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.98% from a day low at R$18.45 to a day high of R$19.00. The price has fallen in 6 of the last 10 days and is down by -3.31% 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 -908 thousand shares and in total, 2 million shares were bought and sold for approximately R$29.76 million.
GPS Participações e Empreendimentos holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
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.
