Breakout Stocks of Week 21 @ TYO
NASDAQ was up last week (week 20) by 2.15% ending at 16,698.32 points after gaining 352.06 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 FURUKAWA CO.,LTD. TYO:5715. This stock has had a buy signal since May 09, 2024 when the price was JP¥1,944.00 , but have so far fallen -0.720% to JP¥1,930.00. Some other companies are on our watchlist to, among these are KOA CORPORATION TYO:6999 AJIS CO.,LTD. TYO:4659 Prima Meat Packers,Ltd. TYO:2281 and Takihyo Co.,Ltd. TYO:9982 which all got a breakout pattern emerging.
| Date | Company | Price | Week 21 |
|---|---|---|---|
| Furukawa Co.,ltd. | JP¥1,930.00 | JP¥1,954.00 | 1.24% |
| Koa Corporation | JP¥1,515.00 | JP¥1,505.00 | -0.660% |
| Ajis Co.,ltd. | JP¥2,508.00 | JP¥2,429.00 | -3.15% |
| Prima Meat Packers,ltd. | JP¥2,347.00 | JP¥2,409.00 | 2.64% |
| Takihyo Co.,ltd. | JP¥1,177.00 | JP¥1,165.00 | -1.02% |
The FURUKAWA CO.,LTD. stock price fell by -0.310% on the last day (Friday, 17th May 2024) from JP¥1,936.00 to JP¥1,930.00. During the last trading day the stock fluctuated 1.31% from a day low at JP¥1,910.00 to a day high of JP¥1,935.00. The price has risen in 6 of the last 10 days but is still down by -0.67% for this period. 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 -26 thousand shares and in total, 42 thousand shares were bought and sold for approximately JP¥80.10 million.
FURUKAWA CO.,LTD. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About FURUKAWA CO.,LTD.:
Furukawa Co.,Ltd., together with its subsidiaries, manufactures and sells machinery, metals, materials, and chemical products in Japan, rest of Asia, and internationally. Its Industrial Machinery segment offers slurry, sewage, water, shield construction slurry, and special pumps; and electrostatic precipitators, sewage-related machinery, crushers, grinding mills, briquetting machines, classifiers and separators, high-manganese steel and high-chromium steel castings, sabel reinforcement castings, low-alloy castings, and heat-resistant and special wear-resistant complex castings. The company's Rock Drill Machinery segment provides hydraulic breakers, hydraulic crushers, boring drills, air pressure crawler drills, hydraulic crawler drills, down-the-hole drills, hydraulic furnace drills, tunnel and mining drill jumbos, concrete sprayers, and environmental machinery. Its UNIC Machinery segment offers UNIC cranes, mini crawler cranes, ocean cranes, and UNIC carriers, as well as UNIC PAL and UNIPPY products. The company's Metals segment manufactures and distributes electrolytic copper, gold, and silver, as well as sulfuric acid. Its Electronic segment manufactures and sells high-purity metallic arsenics, gallium phosphorus polycrystals, crystals, cores and coils, diffractive optical elements, aluminum nitride ceramics, and optical components. The company's Chemicals segment offers cuprous and cupric oxides, copper carbonate, iron sulfate heptahydrate, ferric polysulfate aqueous solution, aluminum sulfate, sulfuric acid, cuprous dioxide and copper dioxide, and titanium dioxide. Its Real Estate segment trades in, intermediates, and leases real estate properties; and refurbishes office buildings. The company also offers transportation services through trucks and sea. The company was formerly known as Furukawa Mining Co., Ltd. and changed its name to Furukawa Co.,Ltd. in 1989. Furukawa Co.,Ltd. was founded in 1875 and is headquartered in Tokyo, Japan.
The KOA CORPORATION stock price gained 0.87% on the last trading day (Friday, 17th May 2024), rising from JP¥1,502.00 to JP¥1,515.00. During the last trading day the stock fluctuated 2.48% from a day low at JP¥1,491.00 to a day high of JP¥1,528.00. The price has fallen in 7 of the last 10 days and is down by -6.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 121 thousand shares were bought and sold for approximately JP¥183.92 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 KOA CORPORATION stock to perform well in the short-term.
About KOA CORPORATION:
KOA Corporation develops, manufactures, and sells electronic components in Japan and internationally. The company offers thermistors, thermal sensors, inductors, fuses, varistors, LTCC substrates, hybrid IC, and check terminals, as well as SMD resistors, low resistance/current sense shunt, and leaded resistors. Its products are used in automotive, industrial equipment, ecology and energy saving, telecommunication, AV/home appliance, power supply unit, space/satellite, and medical equipment applications. The company was formerly known as Koa Denko Co., Ltd. and changed its name to KOA Corporation in April 1985. The company was founded in 1940 and is headquartered in Nagano, Japan.
The AJIS CO.,LTD. stock price gained 0.200% on the last trading day (Friday, 17th May 2024), rising from JP¥2,503.00 to JP¥2,508.00. During the last trading day the stock fluctuated 2.14% from a day low at JP¥2,482.00 to a day high of JP¥2,535.00. The price has fallen in 5 of the last 10 days and is down by -0.2% for this period. Volume fell on the last day by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately JP¥6.02 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 AJIS CO.,LTD.:
AJIS Co., Ltd. provides inventory and other retail support services in Asia. The company's retail support services include physical inventory services, such as store inventory, logistics warehouse inventory, collection inspection, asset inventory, and loss prevention services, as well as merchandising, research, and consulting services. AJIS Co., Ltd. was founded in 1978 and is based in Chiba, Japan.
The Prima Meat Packers,Ltd. stock price gained 0.99% on the last trading day (Friday, 17th May 2024), rising from JP¥2,324.00 to JP¥2,347.00. During the last trading day the stock fluctuated 2.18% from a day low at JP¥2,298.00 to a day high of JP¥2,348.00. The price has fallen in 6 of the last 10 days but is still up by 1.38% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 86 thousand shares were bought and sold for approximately JP¥202.55 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 Prima Meat Packers,Ltd. stock to perform well in the short-term.
About Prima Meat Packers,Ltd.:
Prima Meat Packers, Ltd. produces and markets hams and sausages, fresh meats, processed foods, and other products in Japan. It operates through Processed Foods Business and Fresh Meat Business segments. The company is also involved in live hog operation, slaughtering, facility cleaning, environmental protection, information security management, and food inspection activities, as well as system development, management, and operation activities. In addition, it engages in the wholesale of livestock products; development, manufacture, and sale of scientific instruments; processing, distribution, and sale of meat; manufacture of products for convenience stores; and provision of staffing, wage accounting, and insurance services. The company was founded in 1931 and is headquartered in Tokyo, Japan.
The Takihyo Co.,Ltd. stock price gained 1.29% on the last trading day (Friday, 17th May 2024), rising from JP¥1,162.00 to JP¥1,177.00. During the last trading day the stock fluctuated 1.20% from a day low at JP¥1,163.00 to a day high of JP¥1,177.00. The price has risen in 6 of the last 10 days but is still down by -2.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately JP¥15.42 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 Takihyo Co.,Ltd. stock to perform well in the short-term period.
About Takihyo Co.,Ltd.:
Takihyo Co., Ltd. engages in the apparel, retail, textile, lifestyle, real estate, and material businesses in Japan and internationally. The company plans, designs, produces, market researches, and ships ladies', babies/kids, men's, and home wear; and lifestyle goods, such as cushions and kitchen mats. It also operates the sportswear brand ZOY, the men's wear brand BOB, and the G/FORE and WAAC brands for golf gloves, shoes, accessories, and apparel for men and women; operates a boutique under the Melangetopand brand name; and produces and sells woolen fabric, synthetic cotton blends, and knits to apparel manufacturers and trading companies. In addition, the company operates Komeda Coffee Shop as a franchisee; operates Shina, an art gallery that offers traditional crafts, modern pops, and art and subculture; and rents and manages real estate properties. Further, it provides packaging films; synthetic resins for automobile, electronic equipment, electric appliances, and space and aviation instruments, as well as for food packaging materials and daily necessities items; and industrial materials to process interior furniture, miscellaneous goods, and building materials. Takihyo Co., Ltd. was founded in 1751 and is headquartered in Nagoya, Japan.
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.
