Breakout Stocks of Week 8
NASDAQ was down last week (week 7) by -1.34% ending at 15,775.65 points after falling -215.01 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 FRONTIER INTERNATIONAL INC. TYO:7050. This stock has had a buy signal since Feb 13, 2024 when the price was JP¥2,096.00 and is so far up 3.48% to JP¥2,169.00. Some other companies are on our watchlist to, among these are Hexa Tradex Limited NSE:HEXATRADEX Dynamic Design Co., LTD. KSE:145210 RHI Magnesita N.V. XLON:RHIM and Adani Green Energy Limited NSE:ADANIGREEN which all got a breakout pattern emerging.
| Date | Company | Price | Week 8 |
|---|---|---|---|
| Frontier International Inc. | JP¥2,169.00 | JP¥2,241.00 | 3.32% |
| Hexa Tradex Limited | ₹159.10 | ₹158.65 | -0.283% |
| Dynamic Design Co., Ltd. | ₩6,140.00 | ₩6,120.00 | -0.326% |
| Rhi Magnesita N.v. | £3,596.00 | £3,426.00 | -4.73% |
| Adani Green Energy Limited | ₹1,904.75 | ₹1,923.30 | 0.97% |
The FRONTIER INTERNATIONAL INC. stock price gained 0.417% on the last trading day (Friday, 16th Feb 2024), rising from JP¥2,160.00 to JP¥2,169.00. 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 3.09% from a day low at JP¥2,134.00 to a day high of JP¥2,200.00. The price has risen in 7 of the last 10 days and is up by 4.88% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 13 thousand shares were bought and sold for approximately JP¥29.06 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.
FRONTIER INTERNATIONAL 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 FRONTIER INTERNATIONAL INC.:
Frontier International Inc. plans, produces, and manages various sales promotions, events, and campaigns. The company also plans, develops, and produces various sales promotion tools, as well as content for TV programs, PV, radio programs, and other soft content; designs and fabricates exteriors of various facilities, space design, and event stages; and plans, develops, produces, and manages interactive communication, including websites and ASP business. It also provides temporary employee placement and management for various sales support and sales promotions. The company was founded in 1990 and is headquartered in Tokyo, Japan.
The Hexa Tradex Limited stock price gained 1.31% on the last trading day (Friday, 16th Feb 2024), rising from ₹157.05 to ₹159.10. During the last trading day the stock fluctuated 4.71% from a day low at ₹154.05 to a day high of ₹161.30. The price has been going up and down for this period, and there has been a 3.21% 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, 6 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately ₹2.04 million.
Hexa Tradex Limited 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 Hexa Tradex Limited:
Hexa Tradex Limited engages in the trading business in India. It operates through two segments, Trading, and Investment and Finance including Consultancy. The company trades in minerals and metals, stainless and special steels, alloys and ferrous, non-ferrous metals, auto parts, tools and implements, dies jigs, steel pipes, tubes and pipe fittings, iron and steel products, cast iron, steel and tubular structural, scrap, tubes and allied products, chemicals and petrochemicals, capital goods, and household articles; and general merchandise, as well as house-hold and groceries, such as packaged food products, fruits, vegetables, toiletries and electronic items, electrical appliances, general merchandise, apparels, accessories, stationery items, over the counter drugs, home and office furnishing, and beauty products. Hexa Tradex Limited was incorporated in 2010 and is based in New Delhi, India.
The Dynamic Design Co., LTD. stock price gained 2.68% on the last trading day (Friday, 16th Feb 2024), rising from ₩5,980.00 to ₩6,140.00. During the last trading day the stock fluctuated 6.57% from a day low at ₩5,940.00 to a day high of ₩6,330.00. The price has risen in 8 of the last 10 days and is up by 12.45% 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, 232 thousand more shares were traded than the day before. In total, 436 thousand shares were bought and sold for approximately ₩2.67 billion.
Dynamic Design 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.
The RHI Magnesita N.V. stock price gained 1.24% on the last trading day (Friday, 16th Feb 2024), rising from £3,552.00 to £3,596.00. During the last trading day the stock fluctuated 2.63% from a day low at £3,510.29 to a day high of £3,602.67. The price has risen in 6 of the last 10 days and is up by 4.29% 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, 11 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately £68.92 million.
RHI Magnesita N.V. 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 RHI Magnesita N.V.:
RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; and high-temperature insulation, and ceramic and metallic anchoring systems. The company also provides induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed products, and slide gates. In addition, the company offers zircon-magnesia, mullite /andalusite, chrome-alumina, zircon, silica, and calcium aluminate materials. Further, the company provides high-purity magnesia and magnesia-chromite bricks, magnesia-carbon bricks, concrete with anti-wetting system, ceramic and metal anchors, sense and insulating concretes, ramming mixes, and low cement castables, as well as precast shapes, alumina-silica, insulating monolithic parts; and monolithic products. Additionally, it provides raw, caustic, and sintered magnesia, dolomite and sintered dolomite, slag conditioners, magnesium oxide, spinels, agalmatolite, chromite, grogs, and commodities. The company also offers electromechanical maintenance, repairs, assemblies, refractory maintenance and application; solutions development and monitoring; engineering, projects, lining, and metal working factory services. In addition, it provides iron, steel, continuous casting, and non-ferrous solutions. RHI Magnesita N.V. offers solutions for various ladles, tundish, hydraulical or electrical power, steel plant aggregates, and robotic handling sectors. The company was founded in 1834 and is headquartered in Vienna, Austria.
The Adani Green Energy Limited stock price gained 0.210% on the last trading day (Friday, 16th Feb 2024), rising from ₹1,900.75 to ₹1,904.75. 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 2.07% from a day low at ₹1,891.65 to a day high of ₹1,930.75. The price has risen in 6 of the last 10 days and is up by 13.77% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately ₹3.24 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.
Adani Green Energy 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.
About Adani Green Energy Limited:
Adani Green Energy Limited generates and supplies renewable energy to central and state government entities, and government backed corporations in India. The company builds, owns, and operates power plants through renewable sources, such as solar, wind, and hybrid. As of March 31, 2022, it operated solar power plants with an operational capacity of 4,763 megawatts (MW); and wind power plants with an operational capacity of 647 MW. The company was incorporated in 2015 and is based in Ahmedabad, India.
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.
