Breakout Stocks of Week 27 @ XLON
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 Cna Financial Corp XLON:CNA. This stock has had a buy signal since Jun 28, 2024 when the price was £134.90 , but have so far fallen 0% to £134.90. Some other companies are on our watchlist to, among these are Vodafone Group Public Limited Company XLON:VOD Kingfisher Plc XLON:KGF Barratt Developments plc XLON:BDEV and Prudential Financial Inc XLON:PRU which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Cna Financial Corp | £134.90 | £136.75 ( 1st Jul 2024 ) | 1.37% |
| Vodafone Group Public Limited Company | £69.76 | £70.24 ( 1st Jul 2024 ) | 0.688% |
| Kingfisher Plc | £248.80 | £251.40 ( 1st Jul 2024 ) | 1.05% |
| Barratt Developments Plc | £472.20 | £477.80 ( 1st Jul 2024 ) | 1.19% |
| Prudential Financial Inc | £718.40 | £714.20 ( 1st Jul 2024 ) | -0.585% |
The Cna Financial Corp stock price fell by -2.07% on the last day (Friday, 28th Jun 2024) from £137.75 to £134.90. During the last trading day the stock fluctuated 1.88% from a day low at £134.71 to a day high of £137.25. The price has risen in 6 of the last 10 days and is up by 3.65% over the past 2 weeks. Volume has increased on the last day by 23 million 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, 23 million shares were bought and sold for approximately £3.11 billion.
Cna Financial Corp 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 Cna Financial Corp:
Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from nuclear assets. The company also provides installation, repair, and maintenance services for domestic central heating, plumbing and drains, home electrical, and gas and kitchen appliances; and heating, ventilation, and air conditioning equipment, as well as offers breakdown services. In addition, it is involved in the procurement, trading, and optimization of energy; procurement and sale of LNG; and supplies energy efficiency solutions and technologies to residential customers. Further, the company produces and processes gas and oil; develops new fields to maintain reserves; constructs, owns, and exploits infrastructure; and engages in the social enterprise investment fund activities. Additionally, it provides vehicle leasing, commercial, and insurance services, as well as energy management products and services; and operates a gas storage and franchise network. The company was formerly known as Yieldtop plc and changed its name to Centrica plc in December 1996. Centrica plc was founded in 1812 and is based in Windsor, the United Kingdom.
The Vodafone Group Public Limited Company stock price gained 0.0574% on the last trading day (Friday, 28th Jun 2024), rising from £69.72 to £69.76. During the last trading day the stock fluctuated 1.21% from a day low at £69.52 to a day high of £70.36. The price has risen in 6 of the last 10 days and is up by 1.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 59 million more shares were traded than the day before. In total, 59 million shares were bought and sold for approximately £4.09 billion.
Vodafone Group Public Limited Company 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 Vodafone Group Public Limited Company:
Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers. It also provides value added services, such as Internet of Things (IoT) comprising logistics and fleet management, smart metering, insurance, cloud, and security services; and automotive and health solutions. In addition, the company offers M-Pesa, an African payment platform, which provides money transfer, financial, and business and merchant payment services; and various services to operators through its partner market agreements. Vodafone Group Public Limited Company has a strategic partnership with Open Fiber. As of March 31, 2022, it had approximately 323 million mobile customers, 28 million fixed broadband customers, and 22 million TV customers. The company was incorporated in 1984 and is based in Newbury, the United Kingdom.
The Kingfisher Plc stock price gained 0.93% on the last trading day (Friday, 28th Jun 2024), rising from £246.50 to £248.80. During the last trading day the stock fluctuated 0.85% from a day low at £247.80 to a day high of £249.90. The price has fallen in 5 of the last 10 days and is down by -2.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately £1.41 billion.
Kingfisher Plc 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 Kingfisher Plc:
Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing and franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands. The company provides its products through various channels, such as home improvement specialist stores and e-commerce. Kingfisher plc was incorporated in 1982 and is headquartered in London, the United Kingdom.
The Barratt Developments plc stock price gained 0.0848% on the last trading day (Friday, 28th Jun 2024), rising from £471.80 to £472.20. During the last trading day the stock fluctuated 2.05% from a day low at £469.20 to a day high of £478.80. The price has fallen in 6 of the last 10 days and is down by -5.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately £2.25 billion.
Barratt Developments plc 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 Barratt Developments plc:
Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands. It is also involved in the commercial development activities under the Wilson Bowden Developments brand name. The company was incorporated in 1958 and is headquartered in Coalville, the United Kingdom.
The Prudential Financial Inc stock price fell by -3.78% on the last day (Friday, 28th Jun 2024) from £746.60 to £718.40. During the last trading day the stock fluctuated 1.98% from a day low at £717.00 to a day high of £731.20. The price has risen in 5 of the last 10 days and is up by 2.63% over the past 2 weeks. Volume has increased on the last day by 5 million 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, 5 million shares were bought and sold for approximately £3.79 billion.
Prudential Financial Inc 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 Prudential Financial Inc:
Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as savings products, such as participating, linked, and other traditional products. The company also provides insurance against common critical illnesses, including cancer, stroke, and heart attack; and tropical disease protection, such as dengue, malaria, and measles. It manages assets across equity, fixed income, multi asset, quantitative, and alternative strategies on behalf of institutional and individual investors. Prudential plc provides its products and services through agency sales force, banks, and brokers. The company was founded in 1848 and is headquartered in London, the United Kingdom.
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.
