Breakout Stocks of Week 1
NASDAQ was up last week (week 52) by 0.123% ending at 15,011.35 points after gaining 18.38 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 Kalyan Jewellers India Limited XBOM:KALYANKJIL. This stock has had a buy signal since Dec 20, 2023 when the price was ₹323.35 and is so far up 9.62% to ₹354.45. Some other companies are on our watchlist to, among these are Henkel AG & Company. KGAA PINK:HENKY SAKURA KCS Corporation TYO:4761 Keisei Electric Railway Co.,Ltd. TYO:9009 and Share India Securities Limited XBOM:SHAREINDIA which all got a breakout pattern emerging.
| Date | Company | Price | Week 1 |
|---|---|---|---|
| Kalyan Jewellers India Limited | ₹354.45 | ₹358.30 | 1.09% |
| Henkel Ag & Company. Kgaa | $18.05 | $17.85 | -1.11% |
| Sakura Kcs Corporation | JP¥884.00 | JP¥886.00 | 0.226% |
| Keisei Electric Railway Co.,ltd. | JP¥6,641.00 | JP¥6,741.00 | 1.51% |
| Share India Securities Limited | ₹1,860.30 | ₹1,825.15 | -1.89% |
The Kalyan Jewellers India Limited stock price gained 2.62% on the last trading day (Friday, 29th Dec 2023), rising from ₹345.40 to ₹354.45. During the last trading day the stock fluctuated 6.04% from a day low at ₹338.55 to a day high of ₹359.00. The price has risen in 7 of the last 10 days and is up by 9.47% over the past 2 weeks. Volume fell on the last day by -282 thousand shares and in total, 104 thousand shares were bought and sold for approximately ₹36.75 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.
Kalyan Jewellers India Limited 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 Henkel AG & Company. KGAA stock price gained 0.754% on the last trading day (Friday, 29th Dec 2023), rising from $17.92 to $18.05. During the last trading day the stock fluctuated 2.06% from a day low at $17.82 to a day high of $18.19. The price has risen in 6 of the last 10 days and is up by 0.87% over the past 2 weeks. Volume fell on the last day by -79 thousand shares and in total, 124 thousand shares were bought and sold for approximately $2.24 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 18, 2024, it was reported that Deutsche Bank gave HENKY a "Hold" grade with a "upgrade" action.
Henkel AG & Company. KGAA 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 Henkel AG & Company. KGAA :
Henkel AG & Co. KGaA, together with its subsidiaries, engages in the adhesive technologies, beauty care, and laundry and home care businesses worldwide. The company's Adhesive Technologies segment offers adhesives, sealants, and functional coatings for various business areas, including packaging and consumer goods; automotive and metals; electronics and industrials; and craftsmen, construction, and professional industries. This segment markets its products primarily under the Loctite, Technomelt, Bonderite, Teroson, and Aquence brands. Its Beauty Care segment provides hair cosmetics; and body, skin, and oral care products, as well as operates professional hair salons. This segment distributes its products through brick-and-mortar stores, hair salons, third-party online platforms, and direct-to-consumer channels primarily under the Schwarzkopf, Dial, and Syoss brands. The company's Laundry & Home Care segment offers heavy-duty and specialty detergents, fabric softeners, laundry performance enhancers, and other fabric care products; hand and automatic dishwashing products; cleaners for bathroom and WC applications; household, glass, and specialty cleaners; and air fresheners and insect control products for household applications. This segment markets its products primarily under the Persil, Bref, Purex, all, and other brands. Henkel AG & Co. KGaA was founded in 1876 and is headquartered in Düsseldorf, Germany.
The SAKURA KCS Corporation stock price gained 2.20% on the last trading day (Friday, 29th Dec 2023), rising from JP¥865.00 to JP¥884.00. During the last trading day the stock fluctuated 2.66% from a day low at JP¥866.00 to a day high of JP¥889.00. The price has risen in 6 of the last 10 days and is up by 0.57% 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, 1 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately JP¥5.13 million.
SAKURA KCS Corporation 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.
About SAKURA KCS Corporation:
SAKURA KCS Corporation provides information technology services in Japan. The company offers various consulting services, such as privacy mark acquisition support, ISMS acquisition certification, information security structure construction, system audit, software asset management implementation, cyber-attack countermeasure support, system support, and system consulting services. It also provides system integration services; industry and business solutions; information and communication technology infrastructure solutions for the support of information system; and business process outsourcing services, as well as offers data centers. SAKURA KCS Corporation was founded in 1969 and is headquartered in Kobe, Japan.
The Keisei Electric Railway Co.,Ltd. stock price gained 1.08% on the last trading day (Friday, 29th Dec 2023), rising from JP¥6,570.00 to JP¥6,641.00. During the last trading day the stock fluctuated 1.26% from a day low at JP¥6,565.00 to a day high of JP¥6,648.00. The price has risen in 6 of the last 10 days and is up by 1.39% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 184 thousand shares were bought and sold for approximately JP¥1.22 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.
Keisei Electric Railway 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 Keisei Electric Railway Co.,Ltd.:
Keisei Electric Railway Co., Ltd. provides public transportation services in Japan. The company offers railway transportation services between Narita airport and downtown Tokyo, as well as onward to Haneda airport. It also operates buses; and provides taxi services. In addition, the company engages in store, department store, shopping center, and garden plant wholesale businesses. Further, it is involved in the sale of condominium; and real estate leasing, restaurants, movies, hotels, advertising agencies, travel agencies, and other businesses. Additionally, the company builds and maintains various facilities, including residential buildings; and engages in the rail car maintenance, insurance agency, and driving school businesses. It operates 620 train cars covering 152.3 kilometers and 69 stations. The company was incorporated in 1909 and is headquartered in Ichikawa, Japan.
The Share India Securities Limited stock price gained 1.63% on the last trading day (Friday, 29th Dec 2023), rising from ₹1,830.50 to ₹1,860.30. During the last trading day the stock fluctuated 3.89% from a day low at ₹1,809.50 to a day high of ₹1,879.95. The price has been going up and down for this period, and there has been a 1.35% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹5.15 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.
Share India Securities Limited 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.
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.
