Breakout Stocks of Week 13
NASDAQ was up by impressive 8.18% last week (week 12) ending at 13,893.84 points points after ending the week prior at 12,843.81 points. Normally this would indicate a weaker week ahead of us. 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 PARIS MIKI HOLDINGS Inc. TYO:7455. This stock has had a buy signal since Feb 17, 2022 when the price was JP¥247.00 and is so far up 10.12% to JP¥272.00. Some other companies are on our watchlist to, among these are Sempio Company KSE:007540 NewGold Issuer Limited JNB:GLD Sunsea AIoT Technology Co Ltd SZCE:002313 and abrdn Bloomberg All Commodity Strategy K-1 Free ETF NYSEARCA:BCI which all got a breakout pattern emerging.
| Date | Company | Price | Week 13 |
|---|---|---|---|
| Paris Miki Holdings Inc. | JP¥272.00 | JP¥270.00 | -0.735% |
| Sempio Company | ₩42,650.00 | ₩46,400.00 | 8.79% |
| Newgold Issuer Limited | $27,100.00 | $26,587.00 | -1.89% |
| Sunsea Aiot Technology Co Ltd | ¥12.12 | ¥11.95 | -1.40% |
| Abrdn Bloomberg All Commodity Strategy K-1 Free Et... | $28.42 | $29.92 | 5.28% |
The PARIS MIKI HOLDINGS Inc. stock price gained 0.741% on the last trading day (Friday, 18th Mar 2022), rising from JP¥270.00 to JP¥272.00. During the last trading day the stock fluctuated 1.49% from a day low at JP¥268.00 to a day high of JP¥272.00. The price has risen in 6 of the last 10 days and is up by 5.02% 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, 22 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately JP¥15.88 million.
PARIS MIKI HOLDINGS Inc. 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 PARIS MIKI HOLDINGS Inc.:
Paris Miki Holdings Inc. engages in the optical retail of prescription glasses, fashion eyewear, and related products. The company produces eyewear optical lenses and related products; produces, repairs, and processes eyewear frames; and markets eyeglasses and supplies, as well as operates as an eyewear wholesaler and franchisor. It is also involved in general construction, interior finishing, contract management, store asset administration, and cafe business; the production and sale of construction outdoor advertising materials; industry management business; and trading, leasing, and brokerage of real estate properties. In addition, the company provides after-sales and medical management support services. It operates optical stores in Japan, France, Germany, the United Kingdom, Singapore, Malaysia, Thailand, Indonesia, China, Taiwan, Australia, and the United States, Vietnam, the Philippines, Taiwan, South Korea, and China. Paris Miki Holdings Inc. was founded in 1930 and is headquartered in Tokyo, Japan.
The Sempio Company stock price fell by -0.350% on the last day (Friday, 18th Mar 2022) from ₩42,800.00 to ₩42,650.00. During the last trading day the stock fluctuated 1.18% from a day low at ₩42,250.00 to a day high of ₩42,750.00. The price has fallen in 6 of the last 10 days and is down by -2.63% for this period. 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 -369 shares and in total, 8 thousand shares were bought and sold for approximately ₩361.42 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 Sempio Company stock to perform well in the short-term.
The NewGold Issuer Limited stock price fell by -0.634% on the last day (Friday, 18th Mar 2022) from $27,273.00 to $27,100.00. During the last trading day the stock fluctuated 1.46% from a day low at $26,971.00 to a day high of $27,366.00. The price has fallen in 6 of the last 10 days and is down by -3.83% for this period. 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 -137 thousand shares and in total, 68 thousand shares were bought and sold for approximately $1.84 billion.
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 NewGold Issuer Limited stock to perform well in the short-term.
The Sunsea AIoT Technology Co Ltd stock price gained 0.92% on the last trading day (Friday, 18th Mar 2022), rising from ¥12.01 to ¥12.12. During the last trading day the stock fluctuated 1.85% from a day low at ¥11.91 to a day high of ¥12.13. The price has fallen in 6 of the last 10 days but is still up by 0.17% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 5 million shares were bought and sold for approximately ¥61.67 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 Sunsea AIoT Technology Co Ltd stock to perform well in the short-term.
About Sunsea AIoT Technology Co Ltd:
Sunsea AIoT Technology Co., Ltd. provides Internet of Things (IoT) products and services to telecom operators, ICT equipment vendors, system integrators, and enterprise customers in China and internationally. It offers optical modules, optoelectronic, multiplexing equipment, mobile communication system antennas, base station accessories, data communication equipment, micro DC cabinets, micro module systems, broadcast communication towers, high and low voltage switchgear equipment, communication power supply, smart street lights, electric vehicle charging system, uninterruptible power supply system, power distribution unit, and air conditioning equipment. The company was formerly known as SUNSEA Telecommunications Co., Ltd. Sunsea AIoT Technology Co., Ltd. was founded in 1994 and is headquartered in Shenzhen, China.
abrdn Bloomberg All Commodity Strategy K-1 Free ETF
NYSEARCA:BCIThe abrdn Bloomberg All Commodity Strategy ETF price gained 0.141% on the last trading day (Friday, 18th Mar 2022), rising from $28.38 to $28.42. During the last trading day the ETF fluctuated 0.96% from a day low at $28.20 to a day high of $28.47. The price has been going up and down for this period, and there has been a -3.79% loss for the last 2 weeks. Volume fell on the last day by -217 thousand shares and in total, 171 thousand shares were bought and sold for approximately $4.87 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 abrdn Bloomberg All Commodity Strategy ETF to perform well in the short-term.
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.
