Breakout Stocks of Week 27 @ WSE
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 Orange Polska S.A. WSE:OPL. This stock has had a buy signal since Jun 26, 2024 when the price was 7.90zł , but have so far fallen -1.42% to 7.78zł. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Orange Polska S.a. | 7.78zł | 7.92zł ( 2nd Jul 2024 ) | 1.70% |
| Asseco Poland S.a. | 80.05zł | 81.90zł ( 2nd Jul 2024 ) | 2.31% |
The Orange Polska S.A. stock price gained 0.361% on the last trading day (Friday, 28th Jun 2024), rising from 7.76zł to 7.78zł. During the last trading day the stock fluctuated 1.24% from a day low at 7.74zł to a day high of 7.84zł. The price has risen in 6 of the last 10 days but is still down by -2.68% for this period. Volume fell on the last day by -241 thousand shares and in total, 1 million shares were bought and sold for approximately 8.81zł 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.
Orange Polska S.A. 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 Asseco Poland S.A. stock price fell by -0.187% on the last day (Friday, 28th Jun 2024) from 80.20zł to 80.05zł. During the last trading day the stock fluctuated 1.75% from a day low at 79.80zł to a day high of 81.20zł. The price has risen in 6 of the last 10 days but is still down by -1.72% for this period. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 97 thousand shares were bought and sold for approximately 7.73zł million.
Asseco Poland S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
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.
