Breakout Stocks of Week 17 @ SIX
NASDAQ fell hard last week and was down all -5.52% ending at 15,282.01 points after ending the week prior at 16,175.09 points. The sharp fall could pose a good buying opportunity. 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 Ishares Smi Etf (ch) SIX:CSSMI. This stock has had a buy signal since Apr 17, 2024 when the price was 116.52 Fr and is so far up 0.772% to 117.42 Fr. Some other companies are on our watchlist to, among these are Swiss Life Holding AG SIX:SLHN Siegfried Holding AG SIX:SFZN Swisscom AG SIX:SCMN and Zurich Insurance Group AG SIX:ZURN which all got a breakout pattern emerging.
| Date | Company | Price | Week 17 |
|---|---|---|---|
| Ishares Smi Etf (ch) | 117.42 Fr | 117.62 Fr | 0.170% |
| Swiss Life Holding Ag | 611.20 Fr | 617.80 Fr | 1.08% |
| Siegfried Holding Ag | 889.00 Fr | 876.00 Fr | -1.46% |
| Swisscom Ag | 518.50 Fr | 505.00 Fr | -2.60% |
| Zurich Insurance Group Ag | 448.40 Fr | 439.90 Fr | -1.90% |
The Ishares Smi Etf (ch) ETF price gained 0.565% on the last trading day (Friday, 19th Apr 2024), rising from 116.76 Fr to 117.42 Fr. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.59% from a day low at 115.58 Fr to a day high of 117.42 Fr. The price has been going up and down for this period, and there has been a -1.58% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately 3.46 Fr million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ishares Smi Etf (ch) ETF to perform well in the short-term.
The Swiss Life Holding AG stock price gained 0.493% on the last trading day (Friday, 19th Apr 2024), rising from 608.20 Fr to 611.20 Fr. During the last trading day the stock fluctuated 2.00% from a day low at 599.20 Fr to a day high of 611.20 Fr. The price has fallen in 6 of the last 10 days and is down by -1.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 116 thousand shares were bought and sold for approximately 71.14 Fr million.
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 Swiss Life Holding AG stock to perform well in the short-term period.
About Swiss Life Holding AG:
Swiss Life Holding AG provides life insurance, risk, pensions, and financial solutions for private and corporate clients. It operates through Switzerland, France, Germany, International, and Asset Managers segments. The company offers a range of life, pension, health, annuity, and investment-type policies to groups and individuals, as well as disability coverage. It also provides property and casualty, liability and motor, accident, and health insurance. In addition, the company manages assets and provides advisory services for institutional clients. Further, the company engages in the private equity, information technology, real estate, banking, restaurant, and investment funds businesses. Swiss Life Holding AG distributes its products through its agents, financial advisors, and distribution partners. The company operates in Switzerland and internationally under the Swiss Life Select, Tecis, Horbach, Proventus, Chase de Vere, and Fincentrum brands. Swiss Life Holding AG was founded in 1857 and is headquartered in Zurich, Switzerland.
The Siegfried Holding AG stock price gained 1.37% on the last trading day (Friday, 19th Apr 2024), rising from 877.00 Fr to 889.00 Fr. During the last trading day the stock fluctuated 2.42% from a day low at 868.00 Fr to a day high of 889.00 Fr. The price has risen in 6 of the last 10 days and is up by 0.45% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately 3.84 Fr 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.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Siegfried Holding AG stock to perform well in the short-term.
About Siegfried Holding AG:
Siegfried Holding AG engages in the life sciences business worldwide. The company develops and produces active pharmaceutical ingredients (APIs) and intermediates, as well as finished dosage forms, including solid oral dosage forms, and sterile and aseptic filling injectables, ophthalmics, and inhalative products. It offers contract development and manufacturing services, including pharmaceutical and analytical development, process and analytical transfer, commercial manufacturing and packaging, and scale up and clinical trial material production. In addition, the company provides APIs and controlled substances focusing on anesthetics, pain treatment applications, and central nervous and respiratory diseases. Further, it licenses oral solid and sterile products; assembles registration dossiers; and offers a common technical document for various products. The company was founded in 1873 and is headquartered in Zofingen, Switzerland.
The Swisscom AG stock price gained 1.47% on the last trading day (Friday, 19th Apr 2024), rising from 511.00 Fr to 518.50 Fr. During the last trading day the stock fluctuated 1.96% from a day low at 509.00 Fr to a day high of 519.00 Fr. The price has fallen in 6 of the last 10 days and is down by -0.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 114 thousand shares were bought and sold for approximately 59.35 Fr million.
Swisscom AG 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 Swisscom AG:
Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, broadband, TV, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises. It also provides cloud, outsourcing, workplace, mobile phone, networking, business process optimization, SAP, and security and authentication solutions, as well as a range of services to the banking industry; Internet of Things solutions; digitization services to the healthcare sector; IT systems for health insurance companies; fixed-line and mobile networks by other telecommunication service providers; and roaming to foreign operators whose customers use its mobile networks, as well as broadband services and regulated products. In addition, the company plans, operates, and maintains network infrastructure and IT systems; provides support functions to finance, human resource, and strategy, as well as management of real estate and vehicle fleet; and offers broadband and mobile services, such as telephony, mobile offerings, and broadband services, as well as ICT solutions for residential, business, and wholesale customers. Further, it provides IT and network services; online and telephone directories; and cross-platform retail media and security communication services, as well as builds and maintains wired and wireless networks. The company was founded in 1852 and is based in Bern, Switzerland.
The Zurich Insurance Group AG stock price gained 1.22% on the last trading day (Friday, 19th Apr 2024), rising from 443.00 Fr to 448.40 Fr. During the last trading day the stock fluctuated 2.21% from a day low at 438.70 Fr to a day high of 448.40 Fr. The price has been going up and down for this period, and there has been a -5.32% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 406 thousand shares were bought and sold for approximately 181.83 Fr million.
Zurich Insurance Group AG 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 Zurich Insurance Group AG:
Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments. It offers car, home, travel, general liability, life and critical illness, worker injury, and other insurance products; and saving and investment, and pension and retirement planning products. The company also provides property, casualty, management or professional liability, trade credit, political risk, marine, cyber risk, and financial institution insurance products. In addition, it offers employee benefit insurance products; reinsurance services; and non-claims and ancillary services to the farmers' exchanges. It serves individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The company sells its products through agents, brokers, and bank distribution channels. Zurich Insurance Group AG was founded in 1872 and is based in Zurich, Switzerland.
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.
