Breakout Stocks of Week 24 @ SES
NASDAQ was up last week (week 23) by 2.38% ending at 17,133.13 points after gaining 398.11 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 ComfortDelGro Corporation Limited SES:C52. This stock has had a buy signal since Jun 05, 2024 when the price was S$1.38 , but have so far fallen -0.725% to S$1.37. Some other companies are on our watchlist to, among these are Yoma Strategic Holdings Ltd. SES:Z59 and Genting Singapore Limited SES:G13 which all got a breakout pattern emerging.
| Date | Company | Price | Week 24 |
|---|---|---|---|
| Comfortdelgro Corporation Limited | S$1.37 | S$1.36 | -0.730% |
| Yoma Strategic Holdings Ltd. | S$0.0850 | S$0.103 | 21.18% |
| Genting Singapore Limited | S$0.89 | S$0.87 | -2.25% |
No changes to the price of ComfortDelGro Corporation Limited stock on the last trading day (Friday, 7th Jun 2024). During the last trading day the stock fluctuated 0.730% from a day low at S$1.37 to a day high of S$1.38. The price has fallen in 4 of the last 10 days.
ComfortDelGro Corporation Limited 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.
The Yoma Strategic Holdings Ltd. stock price gained 1.19% on the last trading day (Friday, 7th Jun 2024), rising from S$0.0840 to S$0.0850. During the last trading day the stock fluctuated 4.76% from a day low at S$0.0840 to a day high of S$0.0880. The price has fallen in 5 of the last 10 days but is still up by 26.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 million more shares were traded than the day before. In total, 35 million shares were bought and sold for approximately S$2.96 million.
Yoma Strategic Holdings Ltd. 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.
The Genting Singapore Limited stock price gained 0.565% on the last trading day (Friday, 7th Jun 2024), rising from S$0.89 to S$0.89. During the last trading day the stock fluctuated 1.13% from a day low at S$0.89 to a day high of S$0.90. The price has been going up and down for this period, and there has been a -1.11% loss for the last 2 weeks. Volume fell on the last day by -73 thousand shares and in total, 14 million shares were bought and sold for approximately S$12.71 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.
Genting Singapore Limited 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.
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.
