Breakout Stocks of Week 27 @ SES
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 First Resources Limited SES:EB5. This stock has had a buy signal since Jun 28, 2024 when the price was S$1.38 , but have so far fallen 0% to S$1.38. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| First Resources Limited | S$1.38 | S$1.37 ( 2nd Jul 2024 ) | -0.725% |
| Starhub Ltd | S$1.21 | S$1.23 ( 2nd Jul 2024 ) | 1.65% |
The First Resources Limited stock price fell by -0.719% on the last day (Friday, 28th Jun 2024) from S$1.39 to S$1.38. During the last trading day the stock fluctuated 2.21% from a day low at S$1.36 to a day high of S$1.39. The price has fallen in 4 of the last 10 days and is down by -0.72% for this period. Volume has increased on the last day by 1 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, 2 million shares were bought and sold for approximately S$2.54 million.
First Resources Limited holds several negative signals and is within a 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.
The StarHub Ltd stock price fell by -0.82% on the last day (Friday, 28th Jun 2024) from S$1.22 to S$1.21. During the last trading day the stock fluctuated 1.67% from a day low at S$1.20 to a day high of S$1.22. The price has fallen in 5 of the last 10 days and is down by -2.42% for this period. Volume has increased on the last day by 679 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 S$2.12 million.
The StarHub Ltd stock holds several negative signals and despite the positive trend, we believe StarHub Ltd will perform weakly in the next couple of days or weeks. Therefore, we 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.
