Breakout Stocks of Week 44
NASDAQ was up last week (week 43) by 1.29% ending at 15,090.20 points after gaining 192.86 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 Solana CRYPTO:SOLUSD. This stock has had a buy signal since Oct 15, 2021 when the price was $162.60 and is so far up 20.81% to $196.43. Some other companies are on our watchlist to, among these are Signet Jewelers Limited NYSE:SIG China Logistics Property Holdings Co., Ltd. HKEX:1589 Veoneer Inc. NYSE:VNE and Hill & Smith Holdings plc XLON:HILS which all got a breakout pattern emerging.
| Date | Company | Price | Week 44 |
|---|---|---|---|
| Solana | $196.43 | $200.18 | 1.91% |
| Signet Jewelers Limited | $90.07 | $89.18 | -0.99% |
| China Logistics Property Holdings Co., Ltd. | HK$4.25 | HK$4.18 | -1.65% |
| Veoneer Inc. | $35.23 | $35.20 | -0.0852% |
| Hill & Smith Holdings Plc | £1,760.00 | £1,824.00 | 3.64% |
The Solana cryptocurrency price gained 3.21% on the last trading day (Friday, 22nd Oct 2021), rising from $190.32 to $196.43. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 13.69% from a day low at $188.27 to a day high of $214.04. The price has risen in 6 of the last 10 days and is up by 28.61% 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, 621 million more shares were traded than the day before. In total, 7 billion shares were bought and sold for approximately $1.47 trillion.
Solana 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.
The Signet Jewelers stock price gained 0.301% on the last trading day (Friday, 22nd Oct 2021), rising from $89.80 to $90.07. During the last trading day the stock fluctuated 2.56% from a day low at $88.27 to a day high of $90.53. The price has risen in 6 of the last 10 days and is up by 5.35% over the past 2 weeks. Volume fell on the last day by -186 thousand shares and in total, 445 thousand shares were bought and sold for approximately $40.06 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.
On Apr 04, 2024, it was reported that Telsey Advisory gave SIG a "Market Perform" grade with a "hold" action.
Signet Jewelers 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 Signet Jewelers Limited:
Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox. The International segment operates stores in shopping malls and off-mall locations primarily under the H.Samuel and Ernest Jones brands in the United Kingdom, Republic of Ireland, and Channel Islands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services. As of January 29, 2022, it operated 2,854 stores and kiosks. Signet Jewelers Limited is based in Hamilton, Bermuda.
The China Logistics Property Holdings Co., stock price gained 0.95% on the last trading day (Friday, 22nd Oct 2021), rising from HK$4.21 to HK$4.25. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.86% from a day low at HK$4.14 to a day high of HK$4.30. The price has risen in 4 of the last 10 days and is up by 0.71% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 9 million shares were bought and sold for approximately HK$38.61 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.
China Logistics Property Holdings Co., 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 China Logistics Property Holdings Co., Ltd.:
China Logistics Property Holdings Co., Ltd, an investment holding company, engages in the leasing of storage facilities and the provision of related management services in the People's Republic of China. It develops, constructs, and operates storage facilities; and provides warehouse leasing, investment management, project investment, enterprise management consulting, cargo agency and transportation consulting, stowage loading and unloading, business advisory, road freight transportation, property development and management, landscape engineering, business information consulting, marketing planning, and enterprise image design services. The company also leases self-owned buildings and non-residentials; leases machinery and equipment; sells building materials; manufactures and sells automobile components and parts, steel structures, painted metal and other metals, and logistics equipment; and imports and exports goods and technology. In addition, it is involved in flowers, seedling, and fruit trees planting activities; and the wholesale and retail of computer software and hardware, mechanical and electrical equipment, electronic products, and packaging materials. Further, the company provides technology development, technical consulting, and technology transfer services. As of December 31, 2021, it had 190 logistics facilities. The company was founded in 2000 and is headquartered in Shanghai, the People's Republic of China.
The Veoneer Inc. stock price fell by -0.198% on the last day (Friday, 22nd Oct 2021) from $35.30 to $35.23. During the last trading day the stock fluctuated 0.384% from a day low at $35.17 to a day high of $35.31. The price has fallen in 5 of the last 10 days and is down by -1.59% for this period. Volume has increased on the last day by 333 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, 659 thousand shares were bought and sold for approximately $23.22 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 Veoneer Inc. stock to perform well in the short-term.
The Hill & Smith Holdings plc stock price gained 0.92% on the last trading day (Friday, 22nd Oct 2021), rising from £1,744.00 to £1,760.00. During the last trading day the stock fluctuated 1.84% from a day low at £1,738.00 to a day high of £1,770.00. The price has been going up and down for this period, and there has been a 2.44% 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, 22 thousand more shares were traded than the day before. In total, 51 thousand shares were bought and sold for approximately £89.60 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 Hill & Smith Holdings plc stock to perform well in the short-term.
About Hill & Smith Holdings plc:
Hill & Smith Holdings PLC manufactures and supplies infrastructure products in the United Kingdom, rest of Europe, North America, the Middle East, rest of Asia, and internationally. It operates through Roads & Security; Utilities; and Galvanizing Services segments. The Roads & Security segment designs, manufactures, and installs temporary and permanent safety products for the roads market, as well as provides range of security products to protect people, buildings, and infrastructure from attacks, including hostile vehicle mitigation solutions, high security fencing, and automated gate solutions. This segment also offers permanent road safety barriers, renewable energy lighting and power solutions, temporary work zone protection products, perimeter security, pedestrian protection products, intelligent traffic solutions, street lighting columns, and car park and bridge parapets. The Utilities segment supplies engineered steel and composite solutions for a range of infrastructure markets, including energy generation and distribution, marine, rail, and housing sectors; and supplies engineered pipe supports for the water, power, and liquid natural gas markets, as well as offers seismic protection solutions. This segment also produces steel products for construction industries, such as residential construction and data centers. The Galvanizing Services segment provides corrosion protection services in the form of hot-dip zinc galvanizing and other coatings for steel products, which includes steel works, lighting columns, bridges, agricultural equipment, and other products for the industrial and infrastructure markets. Hill & Smith Holdings PLC was founded in 1824 and is headquartered in Solihull, 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.
