Breakout Stocks of Week 1
NASDAQ was up last week (week 52) by 0.385% ending at 12,804.73 points after gaining 49.09 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 Sinpas Gayrimenkul Yatirim Ortakligi A.S. BIST:SNGYO. This stock has had a buy signal since Sep 01, 2020 when the price was TRY 1.50 and is so far up 170.00% to TRY 4.05. Some other companies are on our watchlist to, among these are Hinokiya Group Co.,Ltd. TYO:1413 TGS Dis Ticaret Anonim Sirketi BIST:TGSAS Huawei Culture Co.,Ltd. SZCE:002502 and Chularat Hospital Public Company Limited SET:CHG-R which all got a breakout pattern emerging.
| Date | Company | Price | Week 1 |
|---|---|---|---|
| Sinpas Gayrimenkul Yatirim Ortakligi A.s. | TRY 4.05 | TRY 4.19 | 3.46% |
| Hinokiya Group Co.,ltd. | JP¥2,206.00 | JP¥2,178.00 | -1.27% |
| Tgs Dis Ticaret Anonim Sirketi | TRY 9.34 | TRY 12.71 | 36.08% |
| Huawei Culture Co.,ltd. | ¥2.80 | ¥2.78 | -0.714% |
| Chularat Hospital Public Company Limited | ฿2.48 | ฿2.46 | -0.81% |
The Sinpas Gayrimenkul Yatirim Ortakligi stock price gained 3.32% on the last trading day (Friday, 25th Dec 2020), rising from TRY 3.92 to TRY 4.05. During the last trading day the stock fluctuated 6.19% from a day low at TRY 3.88 to a day high of TRY 4.12. The price has risen in 5 of the last 10 days and is up by 3.32% 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, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately TRY 17.08 million.
Sinpas Gayrimenkul Yatirim Ortakligi 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 Sinpas Gayrimenkul Yatirim Ortakligi A.S.:
Sinpas Holding is a symbol of reputation and reliability in the real estate sector with 45 years of experience. Today, all activities involving Sinpas REIT show traces of the long-established past owned by Sinpas Holding. Sinpas REIT, which is traded in Borsa Istanbul, has been creating value for its shareholders and business partners since day one with its stable success chart. Continuing to grow with its strong financial structure and sustainable success strategies, the company's asset size has reached 5,379.854.713-TL by 30.06.2020. With its team of experts in urbanism, Sinpas REIT is focused on investments that create added value. With this approach, it evaluates the living conditions in the regions it invests in and carries out strategies to improve these conditions. Thus, vital quality and quality are increased not only in the housing projects it develops, but also in the circles where the projects are located. Sinpas REIT's activities throughout Turkey lay the foundation for a modern and safe lifestyle. The projects it implements are examples for other companies in the housing sector. Sinpas REIT, which made a difference with the 45 years of sinpas holding's 45-year accumulation in the original projects it developed, will be among the important players of the sector in 2020. The company will continue to develop projects from land acquisition, from residential design to production, sales to marketing, and by increasing its performance in all areas in which it operates.
The Hinokiya Group Co.,Ltd. stock price gained 1.05% on the last trading day (Friday, 25th Dec 2020), rising from JP¥2,183.00 to JP¥2,206.00. During the last trading day the stock fluctuated 2.40% from a day low at JP¥2,170.00 to a day high of JP¥2,222.00. The price has risen in 6 of the last 10 days and is up by 2.37% 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, 2 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately JP¥31.99 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 Hinokiya Group Co.,Ltd. stock to perform well in the short-term.
About Hinokiya Group Co.,Ltd.:
Hinokiya Group Co.,Ltd. operates as a custom housing company in Japan. It is also involved in real estate, insulating material, renovation, nursing care, childcare, and other business. The company was founded in 1988 and is headquartered in Tokyo, Japan. Hinokiya Group Co.,Ltd. is a subsidiary of Yamada Holdings Co.,Ltd.
The TGS Dis Ticaret Anonim Sirketi stock price gained 1.74% on the last trading day (Friday, 25th Dec 2020), rising from TRY 9.18 to TRY 9.34. During the last trading day the stock fluctuated 1.84% from a day low at TRY 9.25 to a day high of TRY 9.42. The price has been going up and down for this period, and there has been a 1.19% gain for the last 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 724 thousand shares were bought and sold for approximately TRY 6.76 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 TGS Dis Ticaret Anonim Sirketi stock to perform well in the short-term.
About TGS Dis Ticaret Anonim Sirketi:
TGS Dis Ticaret Anonim Sirketi provides brokering services for export activities of manufacturing and trade companies operating in Turkey. It also provides technical and logistic support services for export activities of manufacturing companies that engage in exports before banks and private financial institutions. TGS Dis Ticaret Anonim Sirketi was founded in 1999 and is based in Istanbul, Turkey.
The Huawei Culture Co.,Ltd. stock price fell by -0.356% on the last day (Friday, 25th Dec 2020) from ¥2.81 to ¥2.80. During the last trading day the stock fluctuated 1.44% from a day low at ¥2.78 to a day high of ¥2.82. The price has fallen in 5 of the last 10 days. 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 -3 million shares and in total, 2 million shares were bought and sold for approximately ¥5.67 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 Huawei Culture Co.,Ltd. stock to perform well in the short-term.
About Huawei Culture Co.,Ltd.:
Dinglong Culture Co., Ltd. engages in the television and film businesses in the People's Republic of China and internationally. It invests in, shoots, produces, and distributes film and television dramas. The company is also involved in the titanium ore business, including mining, washing, and sale of ilmenite ore; research, development, and operation of mobile online games; and commodity trading business. In addition, it researches, develops, manufactures, and sells toy products, such as plastic toys, smart toys, model toys, animation toys, and other toys. The company was formerly known as Huawei Culture Co.,Ltd. and changed its name to Dinglong Culture Co., Ltd. in July 2019. Dinglong Culture Co., Ltd. was founded in 1997 and is based in Guangzhou, the People's Republic of China.
No changes to the price of Chularat Hospital Public Company Limited stock on the last trading day (Friday, 25th Dec 2020). During the last trading day the stock fluctuated 1.63% from a day low at ฿2.46 to a day high of ฿2.50. The price has fallen in 4 of the last 10 days and is down by -1.59% for this period.
Chularat Hospital Public Company Limited 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 Chularat Hospital Public Company Limited:
Abico Holdings Public Company Limited, together with its subsidiaries, engages in dairy farming business. It manufactures and sells UHT and pasteurized milk, and fruit juices. It is also involved in office space rental and agricultural business. The company was incorporated in 1992 and is based in Lam Luk Ka, Thailand.
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.
