Breakout Stocks of Week 20
NASDAQ was down last week (week 19) by -1.54% ending at 12,144.66 points after falling -189.98 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 KODEX WTI CrudeOil Futures(H) KSE:261220. This stock has had a buy signal since Apr 29, 2022 when the price was ₩17,505.00 and is so far up 2.83% to ₩18,000.00. Some other companies are on our watchlist to, among these are Mirae Asset TIGER WTI Futures ETF KSE:130680 SSPGCOEF ETF/UT HKD HKEX:3175 DN Automotive Corporation KSE:007340 and iShares Commodities Select Strategy ETF NASDAQ:COMT which all got a breakout pattern emerging.
| Date | Company | Price | Week 20 |
|---|---|---|---|
| Kodex Wti Crudeoil Futures(h) | ₩18,000.00 | ₩17,715.00 | -1.58% |
| Mirae Asset Tiger Wti Futures Etf | ₩5,445.00 | ₩5,335.00 | -2.02% |
| Sspgcoef Etf/ut Hkd | HK$7.90 | HK$7.76 | -1.71% |
| Dn Automotive Corporation | ₩76,000.00 | ₩75,600.00 | -0.526% |
| Ishares Commodities Select Strategy Etf | $42.81 | $42.30 | -1.19% |
The KODEX WTI CrudeOil Futures(H) stock price gained 4.62% on the last trading day (Friday, 6th May 2022), rising from ₩17,205.00 to ₩18,000.00. During the last trading day the stock fluctuated 1.83% from a day low at ₩17,745.00 to a day high of ₩18,070.00. The price has been going up and down for this period, and there has been a 5.05% 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, 173 thousand more shares were traded than the day before. In total, 267 thousand shares were bought and sold for approximately ₩4.80 billion.
KODEX WTI CrudeOil Futures(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 Mirae Asset TIGER WTI Futures ETF stock price gained 4.71% on the last trading day (Friday, 6th May 2022), rising from ₩5,200.00 to ₩5,445.00. During the last trading day the stock fluctuated 1.77% from a day low at ₩5,365.00 to a day high of ₩5,460.00. The price has been going up and down for this period, and there has been a 4.91% 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, 200 thousand more shares were traded than the day before. In total, 283 thousand shares were bought and sold for approximately ₩1.54 billion.
Mirae Asset TIGER WTI Futures ETF 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 SSPGCOEF ETF/UT HKD stock price gained 0.509% on the last trading day (Friday, 6th May 2022), rising from HK$7.86 to HK$7.90. 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 1.53% from a day low at HK$7.86 to a day high of HK$7.98. The price has risen in 5 of the last 10 days and is up by 3.27% over the past 2 weeks. Volume fell on the last day by -12 million shares and in total, 1 million shares were bought and sold for approximately HK$8.26 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.
SSPGCOEF ETF/UT HKD 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 SSPGCOEF ETF/UT HKD:
Samsung ETFs Trust - Samsung S&P GSCI Crude Oil ER Futures ETF is an exchange traded fund launched by Samsung Asset Management(Hong Kong) Limited. It is managed by Samsung Asset Management Co. Ltd. The fund invests in the commodity markets. It uses derivatives such as futures to invest in the West Texas Intermediate crude oil. The fund seeks to replicate the performance of the S&P GSCI Crude Oil Index Excess Return Index, by investing in the commodity as per the weightings in the index. Samsung ETFs Trust - Samsung S&P GSCI Crude Oil ER Futures ETF was formed on April 27, 2016 and is domiciled in Hong Kong.
The DN Automotive Corporation stock price gained 0.796% on the last trading day (Friday, 6th May 2022), rising from ₩75,400.00 to ₩76,000.00. During the last trading day the stock fluctuated 4.34% from a day low at ₩73,700.00 to a day high of ₩76,900.00. The price has fallen in 5 of the last 10 days and is down by -4.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately ₩1.37 billion.
DN Automotive 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.
The iShares Commodities Select Strategy ETF price gained 0.635% on the last trading day (Friday, 6th May 2022), rising from $42.54 to $42.81. During the last trading day the ETF fluctuated 1.95% from a day low at $42.15 to a day high of $42.97. The price has risen in 6 of the last 10 days and is up by 3.88% 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, 60 thousand more shares were traded than the day before. In total, 435 thousand shares were bought and sold for approximately $18.64 million.
iShares Commodities Select Strategy 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 iShares Commodities Select Strategy ETF:
The investment seeks total return by providing investors with broad commodity exposure.
The fund seeks to achieve its investment objective by investing in a combination of exchange-traded commodity futures contracts, exchange-traded options on commodity-related futures contracts and exchange-cleared commodity-related swaps (together, "Commodity-Linked Investments") and commodity-related equity securities ("Commodity-Related Equities"), thereby obtaining exposure to the commodities markets. It is an actively managed exchange-traded fund ("ETF") that does not seek to replicate the performance of a specified index. The fund is non-diversified.
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.
