Breakout Stocks of Week 25
NASDAQ was up last week (week 24) by 0.0027% ending at 17,689.36 points after gaining 0.478 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 Direxion Daily GOOGL Bull 2X Shares NASDAQ:GGLL. This stock has had a buy signal since Apr 23, 2024 when the price was $37.09 and is so far up 24.80% to $46.29. Some other companies are on our watchlist to, among these are Alphabet Inc. NASDAQ:GOOGL AXS Short Innovation Daily ETF NASDAQ:SARK Alphabet Inc. NASDAQ:GOOG and Tellurian Inc. NASDAQ:TELL which all got a breakout pattern emerging.
| Date | Company | Price | Week 25 |
|---|---|---|---|
| Direxion Daily Googl Bull 2x Shares | $46.29 | $47.17 | 1.90% |
| Alphabet Inc. | $179.63 | $182.15 | 1.40% |
| Axs Short Innovation Daily Etf | $30.94 | $30.58 | -1.16% |
| Alphabet Inc. | $180.26 | $183.42 | 1.75% |
| Tellurian Inc. | $0.627 | $0.693 | 10.48% |
The Direxion Daily GOOGL Bull 2X Shares ETF price gained 3.44% on the last trading day (Friday, 21st Jun 2024), rising from $44.75 to $46.29. During the last trading day the ETF fluctuated 4.60% from a day low at $44.95 to a day high of $47.02. The price has risen in 7 of the last 10 days and is up by 2.71% 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, 249 thousand more shares were traded than the day before. In total, 375 thousand shares were bought and sold for approximately $17.37 million.
Direxion Daily GOOGL Bull 2X Shares 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 Google stock price gained 1.89% on the last trading day (Friday, 21st Jun 2024), rising from $176.30 to $179.63. During the last trading day the stock fluctuated 2.40% from a day low at $176.61 to a day high of $180.85. The price has risen in 7 of the last 10 days and is up by 1.64% 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, 38 million more shares were traded than the day before. In total, 57 million shares were bought and sold for approximately $10.30 billion.
On Jun 26, 2024, it was reported that Wells Fargo gave GOOGL a "Underperform" grade with a "hold" action.
Google 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 Alphabet Inc.:
Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.
The AXS Short Innovation Daily ETF price gained 0.129% on the last trading day (Friday, 21st Jun 2024), rising from $30.90 to $30.94. 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 ETF fluctuated 1.18% from a day low at $30.92 to a day high of $31.28. The price has risen in 6 of the last 10 days and is up by 3.37% over the past 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 513 thousand shares were bought and sold for approximately $15.87 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.
AXS Short Innovation Daily 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.
The Google stock price gained 1.43% on the last trading day (Friday, 21st Jun 2024), rising from $177.71 to $180.26. During the last trading day the stock fluctuated 2.48% from a day low at $178.09 to a day high of $182.51. The price has risen in 7 of the last 10 days and is up by 1.07% 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, 44 million more shares were traded than the day before. In total, 59 million shares were bought and sold for approximately $10.55 billion.
On Jun 11, 2024, it was reported that Bank of America Securities gave GOOG a "Buy" grade with a "hold" action.
Google 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 Alphabet Inc.:
Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.
The Tellurian stock price fell by -1.66% on the last day (Friday, 21st Jun 2024) from $0.638 to $0.627. During the last trading day the stock fluctuated 15.12% from a day low at $0.591 to a day high of $0.680. The price has been going up and down for this period, and there has been a -9.24% loss for the last 2 weeks. Volume has increased on the last day by 60 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 94 million shares were bought and sold for approximately $59.24 million.
On Aug 09, 2022, it was reported that Bank of America Securities gave TELL a "Buy" grade with a "upgrade" action.
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 Tellurian stock to perform well in the short-term.
About Tellurian Inc.:
Tellurian Inc. engages in the natural gas business worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline. It owns interests in 11,060 net acres of natural gas assets and 78 producing wells located in the Haynesville Shale trend of northern Louisiana. The company was founded in 2016 and is headquartered in Houston, Texas.
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.
