Breakout Stocks of Week 27 @ SZCE
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 Chongqing Baiya Sanitary Products Co., Ltd. SZCE:003006. This stock has had a buy signal since Jun 25, 2024 when the price was ¥24.00 , but have so far fallen -1.25% to ¥23.70. Some other companies are on our watchlist to, among these are ShenZhen YUTO Packaging Tech Co Ltd SZCE:002831 SINOPHARM ACCOR/Shs B Vtg 1.00 SZCE:200028 Pharmaron Beijing Co Ltd SZCE:300759 and Jiangxi Everbright Measurement And Control Technology Co.,ltd. SZCE:300906 which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Chongqing Baiya Sanitary Products Co., Ltd. | ¥23.70 | ¥23.88 ( 2nd Jul 2024 ) | 0.759% |
| Shenzhen Yuto Packaging Tech Co Ltd | ¥25.59 | ¥24.79 ( 2nd Jul 2024 ) | -3.13% |
| Sinopharm Accor/shs B Vtg 1.00 | ¥14.61 | ¥14.66 ( 2nd Jul 2024 ) | 0.342% |
| Pharmaron Beijing Co Ltd | ¥18.58 | ¥18.51 ( 2nd Jul 2024 ) | -0.377% |
| Jiangxi Everbright Measurement And Control Technol... | ¥20.73 | ¥20.20 ( 2nd Jul 2024 ) | -2.56% |
The Chongqing Baiya Sanitary Products Co., stock price gained 0.722% on the last trading day (Friday, 28th Jun 2024), rising from ¥23.53 to ¥23.70. During the last trading day the stock fluctuated 3.58% from a day low at ¥23.20 to a day high of ¥24.03. The price has risen in 6 of the last 10 days and is up by 1.07% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately ¥71.38 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 Chongqing Baiya Sanitary Products Co., stock to perform well in the short-term.
The ShenZhen YUTO Packaging Tech Co Ltd stock price gained 0.83% on the last trading day (Friday, 28th Jun 2024), rising from ¥25.38 to ¥25.59. During the last trading day the stock fluctuated 2.61% from a day low at ¥25.24 to a day high of ¥25.90. The price has been going up and down for this period, and there has been a -1.24% 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, 960 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ¥67.11 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 ShenZhen YUTO Packaging Tech Co Ltd stock to perform well in the short-term.
About ShenZhen YUTO Packaging Tech Co Ltd:
ShenZhen YUTO Packaging Technology Co., Ltd. engages in the design, manufacture, and sale packaging solutions in China and internationally. It offers color boxes, gift boxes, manuals, stickers, corrugated boxes, and molded pulp trays. The company serves consumer electronics, health, tobacco, cosmetics, food, health, tobacco, and other industries. ShenZhen YUTO Packaging Technology Co., Ltd. was founded in 2002 and is headquartered in Shenzhen, China.
The SINOPHARM ACCOR/Shs B Vtg 1.00 stock price gained 0.206% on the last trading day (Friday, 28th Jun 2024), rising from ¥14.58 to ¥14.61. 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 stock fluctuated 1.52% from a day low at ¥14.49 to a day high of ¥14.71. The price has risen in 5 of the last 10 days but is still down by -2.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 159 thousand more shares were traded than the day before. In total, 329 thousand shares were bought and sold for approximately ¥4.81 million.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About SINOPHARM ACCOR/Shs B Vtg 1.00:
China National Accord Medicines Corporation Ltd. engages in the distribution of medicine and pharmaceutical products. The company sells Chinese traditional, bio-chemical, biological, and diagnosis medicines, as well as antibiotics; chemical preparations; food products; chemical products; and various commodities. It also engages in the sale of medical apparatus and instruments; provision of freight transportation, storage, loading and unloading, and professional consultation services; provision of glass wares, cosmetics, and daily merchandise, as well as goods agency services; import and export of technology; leasing of house properties; and wholesale and retail of health products. As of December 31, 2021, the company operated a network of 8,798 drugstores, including 7,257 directly owned stores and 1,541 franchised stores covering 20 provinces, autonomous regions, and municipalities in China. The company was founded in 2004 and is based in Shenzhen, China. China National Accord Medicines Corporation Ltd. is a subsidiary of Sinopharm Group Co., Ltd.
The Pharmaron Beijing Co Ltd stock price gained 0.759% on the last trading day (Friday, 28th Jun 2024), rising from ¥18.44 to ¥18.58. During the last trading day the stock fluctuated 5.57% from a day low at ¥18.30 to a day high of ¥19.32. The price has fallen in 6 of the last 10 days and is down by -10.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately ¥213.94 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 Pharmaron Beijing Co Ltd stock to perform well in the short-term period.
About Pharmaron Beijing Co Ltd:
Pharmaron Beijing Co., Ltd., together with its subsidiaries, provides pharmaceutical research and development services to the life sciences industry in North America, Europe, Mainland China, rest of Asia, and internationally. The company operates through five segments: Laboratory Services; Chemistry, Manufacturing and Controls (CMC) Services; Clinical Development Services; Biologics and Cell and Gene Therapy Services; and Others. It offers laboratory chemistry solutions, including medicinal, synthetic, and analytical and purification chemistry, as well as computer-aided drug design services; bioscience services comprising in vitro and in vivo drug metabolism and pharmacokinetics/absorption, distribution, metabolism, and excretion solutions; and in vitro biology and in vivo pharmacology, safety assessment, and the U.S. laboratory services. The company also provides process development and manufacturing, material science/pre-formulation, formulation development and manufacturing, and analytical development services; and radiolabelled science services and early stage clinical trial services, as well as clinical research and site management services. It also provides business development; and contract research, development, and manufacturing services for pharmaceutical products. The company was incorporated in 2004 and is headquartered in Beijing, the People's Republic of China.
Jiangxi Everbright Measurement And Control Technology Co.,ltd.
SZCE:300906The Jiangxi Everbright Measurement And stock price gained 2.22% on the last trading day (Friday, 28th Jun 2024), rising from ¥20.28 to ¥20.73. During the last trading day the stock fluctuated 6.97% from a day low at ¥20.10 to a day high of ¥21.50. The price has fallen in 6 of the last 10 days and is down by -13.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ¥34.51 million.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
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.
