Breakout Stocks of Week 26 @ SZCE
NASDAQ was up last week (week 25) by 0.0027% ending at 17,689.36 points after gaining 0.478 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 CIMC/Shs A Vtg 1.00 SZCE:000039. This stock has had a buy signal since Jun 18, 2024 when the price was ¥9.94 , but have so far fallen -3.32% to ¥9.61. Some other companies are on our watchlist to, among these are Hubei Feilihua Quartz Glass Co.,Ltd SZCE:300395 Dirui Industrial Co Ltd SZCE:300396 Suzhou Xianglou New Material Co., Ltd. SZCE:301160 and COFCO Capital Holdings Co., Ltd. SZCE:002423 which all got a breakout pattern emerging.
| Date | Company | Price | Week 26 |
|---|---|---|---|
| Cimc/shs A Vtg 1.00 | ¥9.61 | ¥9.26 | -3.64% |
| Hubei Feilihua Quartz Glass Co.,ltd | ¥31.42 | ¥30.75 | -2.13% |
| Dirui Industrial Co Ltd | ¥22.18 | ¥20.31 | -8.43% |
| Suzhou Xianglou New Material Co., Ltd. | ¥38.55 | ¥37.25 | -3.37% |
| Cofco Capital Holdings Co., Ltd. | ¥7.61 | ¥7.49 | -1.58% |
No changes to the price of CIMC/Shs A Vtg 1.00 stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 2.41% from a day low at ¥9.54 to a day high of ¥9.77. The price has fallen in 5 of the last 10 days and is down by -7.06% for this period.
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 CIMC/Shs A Vtg 1.00 stock to perform well in the short-term.
About CIMC/Shs A Vtg 1.00:
China International Marine Containers (Group) Co., Ltd., together with its subsidiaries, manufactures and sells logistics and energy equipment worldwide. The company operates through Containers Manufacturing; Road Transportation Vehicles; Energy, Chemical and Liquid Food Equipment; Offshore Engineering; Airport Facilities, Fire Safety and Automated Logistics Equipment; Heavy Trucks; Logistics Services; Real Estate; Finance and Asset Management; and Recycled Load segments. It offers dry, reefer, and special-purpose containers; semi-trailers; truck bodies for specialty vehicles; and energy, chemical, and liquid food equipment, as well as related technical and maintenance services. The company also designs and constructs semi-submersible drilling, jack-up drilling and accommodation platforms, and floating production storage vessels. In addition, it provides boarding bridges and bridge-mounted equipment, airport ground support equipment, fire safety and rescue vehicles, automated logistics systems, intelligent parking equipment, and related services; and tractors, mixer trucks, dump trucks, and heavy and other trucks. Further, it is involved in logistics, finance and asset management, modular building, unit load leasing, and cold chain logistics equipment businesses. The company was formerly known as China International Marine Containers Co., Ltd. and changed its name to China International Marine Containers (Group) Co., Ltd. in December 1995. China International Marine Containers (Group) Co., Ltd. was incorporated in 1980 and is headquartered in Shenzhen, the People's Republic of China.
The Hubei Feilihua Quartz Glass Co.,Ltd stock price gained 1.78% on the last trading day (Friday, 21st Jun 2024), rising from ¥30.87 to ¥31.42. During the last trading day the stock fluctuated 11.27% from a day low at ¥30.62 to a day high of ¥34.07. The price has fallen in 6 of the last 10 days and is down by -7.86% for this period. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately ¥158.47 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 Hubei Feilihua Quartz Glass Co.,Ltd stock to perform well in the short-term.
The Dirui Industrial Co Ltd stock price gained 0.135% on the last trading day (Friday, 21st Jun 2024), rising from ¥22.15 to ¥22.18. During the last trading day the stock fluctuated 4.72% from a day low at ¥22.03 to a day high of ¥23.07. The price has been going up and down for this period, and there has been a -4.6% loss for the last 2 weeks. Volume fell on the last day by -437 thousand shares and in total, 2 million shares were bought and sold for approximately ¥34.46 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 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 Dirui Industrial Co Ltd:
Dirui Industrial Co.,Ltd. engages in the research and development, production, and sale of medical inspection products in the People's Republic of China. The company provides medical instruments, diagnostic reagents, test strips, etc. It offers biochemical blood cell, urine, coagulation, chemiluminescence immunoassay, and gynecological secretion analyzers. The company was founded in 1992 and is headquartered in Changchun, the People's Republic of China.
The Suzhou Xianglou New Material Co., Ltd. stock price fell by -2.45% on the last day (Friday, 21st Jun 2024) from ¥39.52 to ¥38.55. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 9.52% from a day low at ¥38.12 to a day high of ¥41.75. The price has been going up and down for this period, and there has been a 2.53% gain for the last 2 weeks. 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 -38 thousand shares and in total, 609 thousand shares were bought and sold for approximately ¥23.48 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 Suzhou Xianglou New Material Co., Ltd. stock to perform well in the short-term.
The COFCO Capital Holdings Co., Ltd. stock price gained 0.132% on the last trading day (Friday, 21st Jun 2024), rising from ¥7.60 to ¥7.61. During the last trading day the stock fluctuated 2.12% from a day low at ¥7.55 to a day high of ¥7.71. The price has fallen in 6 of the last 10 days and is down by -3.43% for this period. Volume fell on the last day by -7 million shares and in total, 11 million shares were bought and sold for approximately ¥82.14 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 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.
