Breakout Stocks of Week 18
NASDAQ was down last week (week 17) by -3.83% ending at 12,839.29 points after falling -511.79 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 Mirae Asset TIGER Physical Copper ETF KSE:160580. This stock has had a buy signal since Jan 21, 2022 when the price was ₩10,760.00 and is so far up 8.22% to ₩11,645.00. Some other companies are on our watchlist to, among these are KB Asset Management - KBSTAR China H Futures Inverse ETF KSE:291680 Rheinmetall AG GER:RHM Arizona Lithium Limited ASX:AZL and Shandong Xinneng Taishn Pwr Gnrtn Co Ltd SZCE:000720 which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Mirae Asset Tiger Physical Copper Etf | ₩11,645.00 | ₩12,025.00 ( 3rd May 2024 ) | -3.05% |
| Kb Asset Management - Kbstar China H Futures Inver... | ₩13,115.00 | ₩11,895.00 ( 3rd May 2024 ) | -2.86% |
| Rheinmetall Ag | 218.60€ | 536.60€ ( 3rd May 2024 ) | -1.74% |
| Arizona Lithium Limited | $0.185 | $0.0210 ( 3rd May 2024 ) | -4.32% |
| Shandong Xinneng Taishn Pwr Gnrtn Co Ltd | ¥4.79 | ¥3.02 ( 30th Apr 2024 ) | 9.39% |
The Mirae Asset TIGER Physical Copper ETF stock price gained 0.91% on the last trading day (Friday, 22nd Apr 2022), rising from ₩11,540.00 to ₩11,645.00. During the last trading day the stock fluctuated 1.39% from a day low at ₩11,540.00 to a day high of ₩11,700.00. The price has risen in 7 of the last 10 days and is up by 2.37% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 15 thousand shares were bought and sold for approximately ₩178.25 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.
Mirae Asset TIGER Physical Copper ETF 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.
KB Asset Management - KBSTAR China H Futures Inverse ETF
KSE:291680The KB Asset Management - KBSTAR China H stock price fell by -1.32% on the last day (Friday, 22nd Apr 2022) from ₩13,290.00 to ₩13,115.00. During the last trading day the stock fluctuated 4.98% from a day low at ₩13,045.00 to a day high of ₩13,695.00. The price has risen in 6 of the last 10 days and is up by 5.81% over the past 2 weeks. 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 -160 thousand shares and in total, 38 thousand shares were bought and sold for approximately ₩500.19 million.
KB Asset Management - KBSTAR China H 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 Rheinmetall AG stock price gained 0.506% on the last trading day (Friday, 22nd Apr 2022), rising from 217.50€ to 218.60€. It has now gained 4 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 3.16% from a day low at 218.10€ to a day high of 225.00€. The price has risen in 7 of the last 10 days and is up by 8.22% 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, 67 thousand more shares were traded than the day before. In total, 252 thousand shares were bought and sold for approximately 55.06€ 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 Rheinmetall AG stock to perform well in the short-term.
About Rheinmetall AG:
Rheinmetall AG provides technologies to the mobility and security sectors worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, support, logistics, and special vehicles, including armored tracked vehicles, CBRN protection systems, turret systems, and wheeled logistics and tactical vehicles. The Weapon and Ammunition segment provides threat-appropriate, effective and accurate firepower, and protection solutions, such as large and medium-caliber weapons and ammunition, weapon stations, protection systems, and propellants and powders. The Electronic Solutions segment offers a chain of systems network, such as sensors, networking platforms, automated connected effectors for soldiers, and cyberspace protection solutions, and training and simulation solutions. Its products include air defense systems; soldier systems; command, control, and reconnaissance systems; fire control systems; sensors; and simulations for the army, air force, navy, and civil applications. The Sensors and Actuators segment provides a portfolio of products comprising exhaust gas recirculation systems; throttle valves, control dampers, and exhaust flaps for electromotors; solenoid valves; actuators and valve train systems; oil, water, and vacuum pumps for passenger cars, commercial vehicles, and light and heavy-duty off-road applications; and industrial solutions. The Materials and Trade segment focuses on the development of system components for the basic motors, such as engine blocks, structural components, and cylinder heads; plain bearings, and bushes; and replacement parts. It also engages in the aftermarket activities. The company was formerly known as Rheinmetall Berlin AG and changed its name to Rheinmetall AG in 1996. Rheinmetall AG was founded in 1889 and is headquartered in Düsseldorf, Germany.
The Arizona Lithium Limited stock price gained 1.37% on the last trading day (Friday, 22nd Apr 2022), rising from $0.183 to $0.185. During the last trading day the stock fluctuated 8.57% from a day low at $0.175 to a day high of $0.190. The price has fallen in 5 of the last 10 days and is down by -5.13% 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, 17 million shares were bought and sold for approximately $3.09 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 Arizona Lithium Limited stock to perform well in the short-term.
About Arizona Lithium Limited:
Arizona Lithium Limited operates as a mineral exploration and development company in the United States. It explores for lithium, gold, copper, and silver deposits. The company focuses on the Big Sandy lithium project located in Arizona; and the Lordsburg lithium project situated in New Mexico; the Devil's Canyon gold-copper project located in Nevada; the Lone Pine gold project situated in Idaho; and the Western Desert goldcopper project located in Utah. The company was formerly known as Hawkstone Mining Limited and changed its name to Arizona Lithium Limited in September 2021. Arizona Lithium Limited was incorporated in 1969 and is based in West Perth, Australia.
The Shandong Xinneng Taishn Pwr Gnrtn Co Ltd stock price fell by -0.83% on the last day (Friday, 22nd Apr 2022) from ¥4.83 to ¥4.79. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.33% from a day low at ¥4.73 to a day high of ¥4.84. The price has fallen in 6 of the last 10 days and is down by -5.71% 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 -6 million shares and in total, 8 million shares were bought and sold for approximately ¥38.06 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 Shandong Xinneng Taishn Pwr Gnrtn Co Ltd stock to perform well in the short-term.
About Shandong Xinneng Taishn Pwr Gnrtn Co Ltd:
Shandong Xinneng Taishan Power Generation Co.,Ltd. engages in the industrial park development business in China. It is also involved in the integrated asset operation and bulk commodity supply chain. The company was founded in 1994 and is based in Tai'an, China.
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.
