Breakout Stocks of Week 14
NASDAQ was down last week (week 13) by -0.136% ending at 16,379.46 points after falling -22.38 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 TOKYO BROADCASTING SYSTEM HOLDINGS,INC. TYO:9401. This stock has had a buy signal since Mar 15, 2024 when the price was JP¥3,967.00 and is so far up 9.88% to JP¥4,359.00. Some other companies are on our watchlist to, among these are Nippon Chemical Industrial Co.,Ltd. TYO:4092 MIYAJI ENGINEERING GROUP,INC. TYO:3431 KFC Holdings Japan,Ltd. TYO:9873 and Türkiye Petrol Rafinerileri A.S. BIST:TUPRS which all got a breakout pattern emerging.
| Date | Company | Price | Week 14 |
|---|---|---|---|
| Tokyo Broadcasting System Holdings,inc. | JP¥4,359.00 | JP¥4,511.00 | 3.49% |
| Nippon Chemical Industrial Co.,ltd. | JP¥2,473.00 | JP¥2,310.00 | -6.59% |
| Miyaji Engineering Group,inc. | JP¥4,385.00 | JP¥4,050.00 | -7.64% |
| Kfc Holdings Japan,ltd. | JP¥4,495.00 | JP¥4,585.00 | 2.00% |
| Türkiye Petrol Rafinerileri A.s. | TRY 177.00 | TRY 179.70 | 1.53% |
The TOKYO BROADCASTING SYSTEM HOLDINGS,INC. stock price gained 3.66% on the last trading day (Friday, 29th Mar 2024), rising from JP¥4,205.00 to JP¥4,359.00. During the last trading day the stock fluctuated 2.93% from a day low at JP¥4,273.00 to a day high of JP¥4,398.00. The price has risen in 7 of the last 10 days and is up by 10.78% 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, 213 thousand more shares were traded than the day before. In total, 724 thousand shares were bought and sold for approximately JP¥3.16 billion.
TOKYO BROADCASTING SYSTEM 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 TOKYO BROADCASTING SYSTEM HOLDINGS,INC.:
TBS Holdings,Inc. engages in the broadcasting, video and cultural, and real estate businesses primarily in Japan. It is involved in the TV and radio broadcasting, and related activities; plans, produces, distributes, and sells video, audio, and music software. The company also engages in retailing of general merchandises; production and selling of cosmetic products; and mail order sales and eating out businesses. In addition, it is involved in leasing, maintenance, and servicing of real estate properties; operation and management of parking lot; provision of studio and air conditioning management; staffing and accounting work; land rental; heat supply; and leasing of equipment, as well as acts as a general insurance agent. The company was formerly known as Tokyo Broadcasting System Holdings, Inc. and changed its name to TBS Holdings,Inc. in October 2020. TBS Holdings,Inc. was founded in 1951 and is headquartered in Tokyo, Japan.
The Nippon Chemical Industrial Co.,Ltd. stock price gained 5.10% on the last trading day (Friday, 29th Mar 2024), rising from JP¥2,353.00 to JP¥2,473.00. During the last trading day the stock fluctuated 5.27% from a day low at JP¥2,354.00 to a day high of JP¥2,478.00. The price has been going up and down for this period, and there has been a 6.14% 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, 27 thousand more shares were traded than the day before. In total, 69 thousand shares were bought and sold for approximately JP¥169.65 million.
Nippon Chemical Industrial Co.,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 Nippon Chemical Industrial Co.,Ltd.:
Nippon Chemical Industrial Co., Ltd. manufactures and sells various chemical products in Japan. The company provides inorganic chemical products, including chromium compounds, phosphorus compounds, silicates and silica products, lithium compounds, and pigments, as well as other industrial chemicals, such as sodium sulfate, potassium permanganate, and cuprous oxide products. It also offers specialty chemicals, such as electronic ceramic materials, barium compounds, circuit materials, battery materials, organic phosphorus compounds, pharmaceutical and agrochemical intermediates, semiconductor materials, and flame retardants, as well as other specialty products comprising thiourea and high purity thiourea; and custom manufacturing of organic chemical products. In addition, the company manages real estate properties and bookstores; and designs, manufactures, and installs various air conditioning equipment. Further, it exports its products to Southeast Asia and other countries. The company was formerly known as Nippon Seiren Co., Ltd. and changed its name to Nippon Chemical Industrial Co., Ltd. in March 1944. Nippon Chemical Industrial Co., Ltd. was founded in 1893 and is headquartered in Tokyo, Japan.
The MIYAJI ENGINEERING GROUP,INC. stock price gained 3.18% on the last trading day (Friday, 29th Mar 2024), rising from JP¥4,250.00 to JP¥4,385.00. During the last trading day the stock fluctuated 3.53% from a day low at JP¥4,255.00 to a day high of JP¥4,405.00. The price has risen in 6 of the last 10 days and is up by 5.54% 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, 34 thousand more shares were traded than the day before. In total, 152 thousand shares were bought and sold for approximately JP¥666.96 million.
MIYAJI ENGINEERING GROUP,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 MIYAJI ENGINEERING GROUP,INC.:
Miyaji Engineering Group,Inc., through its subsidiaries, engages in the construction and civil engineering activities in Japan. The company produces, erects, installs, maintains, and repairs bridges, steel frames, and other steel structures; designs and produces prestressed concrete; and constructs, manages, and assembles steel frames, steel towers, and large space structures. It sells bolts and welding materials; and provides staffing and other services. The company was founded in 2003 and is headquartered in Tokyo, Japan.
The KFC Holdings Japan,Ltd. stock price gained 2.74% on the last trading day (Friday, 29th Mar 2024), rising from JP¥4,375.00 to JP¥4,495.00. During the last trading day the stock fluctuated 3.55% from a day low at JP¥4,370.00 to a day high of JP¥4,525.00. The price has risen in 6 of the last 10 days and is up by 7.02% over the past 2 weeks. Volume fell on the last day by -55 thousand shares and in total, 64 thousand shares were bought and sold for approximately JP¥288.58 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.
KFC Holdings Japan,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 KFC Holdings Japan,Ltd.:
KFC Holdings Japan, Ltd. operates restaurants in Japan. Its stores provide handmade fried chicken. The company was formerly known as Kentucky Fried Chicken Japan, Ltd. and changed its name to KFC Holdings Japan, Ltd. in 2014. KFC Holdings Japan, Ltd. was founded in 1970 and is headquartered in Yokohama, Japan.
The Türkiye Petrol Rafinerileri A.S. stock price gained 0.0565% on the last trading day (Friday, 29th Mar 2024), rising from TRY 176.90 to TRY 177.00. 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 3.21% from a day low at TRY 174.20 to a day high of TRY 179.80. The price has risen in 6 of the last 10 days and is up by 8.59% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 17 million shares were bought and sold for approximately TRY 3.00 billion. 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.
Türkiye Petrol Rafinerileri A.S. 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 Türkiye Petrol Rafinerileri A.S.:
Türkiye Petrol Rafinerileri A.S., together with its subsidiaries, engages in the refining crude oil, petroleum, and chemical products in Turkey and internationally. It is also involved in the purchase, sale, import, export, storage, and marketing of petroleum products, LPG, and natural gas. The company's products include liquid petroleum gases, fuel oils, base oils, waxes, extracts, and bitumen and bitumen binders, as well as white spirits, cutting oils, clarified oils, petroleum coke, and sulphur products. In addition, it engages in the transportation of crude oil and petroleum products; operation of factories and facilities in petrochemical and energy related industries; and air, maritime, road, and rail transportation activities, as well as provision of mooring and tug services. The company was founded in 1983 and is headquartered in Körfez, Turkey. Türkiye Petrol Rafinerileri A.S. is a subsidiary of Enerji Yatirimlari A.S.
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.
