Breakout Stocks of Week 41
NASDAQ was down last week (week 40) by -3.20% ending at 14,566.70 points after falling -481.00 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 ONLY corporation TYO:3376. This stock has had a buy signal since Aug 02, 2021 when the price was JP¥499.00 and is so far up 53.51% to JP¥766.00. Some other companies are on our watchlist to, among these are KAWASAKI KINKAI KISEN KAISHA,LTD. TYO:9179 Plastiblends India Limited NSE:PLASTIBLEN Atlas Corp. NYSE:ATCO and The First Bancshares NASDAQ:FBMS which all got a breakout pattern emerging.
| Date | Company | Price | Week 41 |
|---|---|---|---|
| Only Corporation | JP¥766.00 | JP¥769.00 | 0.392% |
| Kawasaki Kinkai Kisen Kaisha,ltd. | JP¥3,190.00 | JP¥3,130.00 | -1.88% |
| Plastiblends India Limited | ₹273.55 | ₹285.25 | 4.28% |
| Atlas Corp. | $15.24 | $14.42 | -5.38% |
| The First Bancshares | $39.36 | $39.08 | -0.711% |
The ONLY corporation stock price gained 0.393% on the last trading day (Friday, 1st Oct 2021), rising from JP¥763.00 to JP¥766.00. During the last trading day the stock fluctuated 1.18% from a day low at JP¥763.00 to a day high of JP¥772.00. The price has been going up and down for this period, and there has been a 0.26% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 186 thousand more shares were traded than the day before. In total, 194 thousand shares were bought and sold for approximately JP¥148.45 million.
ONLY corporation 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 ONLY corporation:
ONLY corporation manufactures and sells men's and women's clothing under the ONLY brand name in Japan. The company was founded in 1976 and is headquartered in Kyoto, Japan.
The KAWASAKI KINKAI KISEN KAISHA,LTD. stock price gained 1.43% on the last trading day (Friday, 1st Oct 2021), rising from JP¥3,145.00 to JP¥3,190.00. During the last trading day the stock fluctuated 6.03% from a day low at JP¥3,070.00 to a day high of JP¥3,255.00. The price has fallen in 5 of the last 10 days but is still up by 2.41% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 10 thousand shares were bought and sold for approximately JP¥32.22 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.
KAWASAKI KINKAI KISEN KAISHA,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 KAWASAKI KINKAI KISEN KAISHA,LTD.:
Kyokuyo Co., Ltd. purchases, sells, imports, and exports marine products in Japan and internationally. The company operates through Marine Products Purchasing, Frozen Foods, Shelf-Stable Foods, Logistics, and Tuna segments. It provides fillets, and shelled crab and peeled shrimps. The company also offers sushi toppings to restaurant chains; Dandori Jozu products for industrial use as meals; fried marine products, imitation crab meat, livestock products, and frozen vegetables to restaurant channels and deli departments; and frozen foods for home use. In addition, it produces canned seafood, such as mackerel, skipjack, salmon, and sardine; and products under the Sea Marché brand, as well as sells dried squid, squid jerky, other seafood delicacies, and health food products comprising glucosamine and DHA supplements. Further, the company is involved in the operation of cold storage business; and fishing, farming, purchasing, processing, and marketing skipjack, bluefin tuna, and other tuna. Kyokuyo Co., Ltd. was founded in 1937 and is headquartered in Tokyo, Japan.
The Plastiblends India Limited stock price gained 0.0915% on the last trading day (Friday, 1st Oct 2021), rising from ₹273.30 to ₹273.55. During the last trading day the stock fluctuated 1.62% from a day low at ₹271.65 to a day high of ₹276.05. The price has risen in 6 of the last 10 days but is still down by -1.48% for this period. Volume fell on the last day by -33 thousand shares and in total, 23 thousand shares were bought and sold for approximately ₹6.42 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.
Plastiblends India Limited holds several positive signals and is within a weak 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 Plastiblends India Limited:
Plastiblends India Limited manufactures and sells color and additive masterbatches, and thermoplastic compounds for the plastic processing industry in India. The company's products include white, black, color, additive, filler, and PET masterbatches, as well as conductive compounds and engineering polymers. It serves the agriculture, appliance, automotive and transportation, healthcare and pharma, packaging, textiles, and wire and cable markets, as well as electrical, electronics, and telecommunication markets. The company also exports its products to approximately 40 countries. Plastiblends India Limited was incorporated in 1991 and is headquartered in Mumbai, India.
The Atlas Corp. stock price gained 0.329% on the last trading day (Friday, 1st Oct 2021), rising from $15.19 to $15.24. During the last trading day the stock fluctuated 1.99% from a day low at $15.09 to a day high of $15.39. The price has risen in 6 of the last 10 days but is still 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, 639 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $15.64 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 Atlas Corp. stock to perform well in the short-term.
About Atlas Corp.:
Atlas Corp. operates as an asset manager and operator of containerships. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships. The company charters its containerships under long-term and fixed-rate time charters to various container liner companies. It also provides electricity to oil and gas, mining, and other industries, as well as government backed and private utilities; and power solutions comprising plant design, fast-tracked installation of generating equipment and balance of plant, plant operation, and service and maintenance. As of March 10, 2022, the company operated a fleet of 132 vessels, 30 gas turbines, and 414 diesel generators. Atlas Corp. was incorporated in 2019 and is based in London, the United Kingdom.
The The First Bancshares stock price gained 1.50% on the last trading day (Friday, 1st Oct 2021), rising from $38.78 to $39.36. During the last trading day the stock fluctuated 3.44% from a day low at $38.36 to a day high of $39.68. The price has been going up and down for this period, and there has been a -1.33% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 97 thousand more shares were traded than the day before. In total, 152 thousand shares were bought and sold for approximately $5.97 million.
On Aug 29, 2023, it was reported that Wells Fargo gave FBMS a "Equal-Weight" grade with a "upgrade" action.
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 The First Bancshares stock to perform well in the short-term.
About The First Bancshares:
The First Bancshares, Inc. operates as the bank holding company for The First, A National Banking Association that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts. The company also provides commercial loans comprising secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; consumer loans consisting of equity lines of credit, as well as secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; and real estate construction and acquisition loans. In addition, it originates loans to purchase existing residential homes or construct new homes, and to refinance existing mortgages; and provides financial and wealth management services. Further, the company offers internet banking services, automated teller machines, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, merchant, mobile deposit, direct deposit of payroll and social security checks, automatic drafts for various accounts, and credit card services. It primarily serves small to medium-sized businesses, professional concerns, individuals, associations, organizations, and governmental authorities. As of December 31, 2021, the company operated 90 locations in Mississippi, Alabama, Florida, Georgia, and Louisiana. The First Bancshares, Inc. was incorporated in 1995 and is headquartered in Hattiesburg, Mississippi.
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.
