Robots for this group tickers :
Trend Trader, Long Only: Valuation & Hurst Model (TA&FA) - 30-day Annualized Return +35%
Swing Trader, Long Only: Growth Model (FA) - 30-day Annualized Return +20%
The textiles industry has witnessed a notable surge in performance, boasting a substantial +7.85% increase over the past week. This surge has not only captured the attention of investors but has also led to a positive outlook for key stocks within this sector.
Group of Tickers: DXYN, AIN, UFI, CULP
Positive Outlook and Tickeron Predictions: Today, stocks in the textiles industry exhibit a positive outlook, supported by the 15 Indicator Stock Fear & Greed Index. Tickeron predicts a further increase of more than 4.00% within the next month, with a likelihood of 61%. Over the last month, the daily ratio of advancing to declining volumes stood at 1 to 1.33, indicating a balanced and healthy market.
Technical Analysis: Moving Averages and Trend Analysis:
DXYN (Dixie Group): The 10-day moving average for DXYN crossed above the 50-day moving average on November 27, 2023. This bullish crossover signals a potential uptrend, supported by historical data where, in 9 out of 10 instances, the stock continued to move higher over the following month. The odds of a continued upward trend are at an impressive 90%. The current price of $0.96 is trading between the $1.29 resistance and $0.94 support lines.
AIN (Albany International): Similar to DXYN, AIN's 10-day moving average moved above the 50-day moving average on November 27, 2023. With a historical track record showing that in 15 out of 19 instances, the stock continued to move higher over the following month, the odds of a continued upward trend are at 79%. The current price of $88.15 is trading between the $93.68 resistance and $86.81 support lines.
UFI (Unifi): On November 28, 2023, UFI moved below its 50-day moving average, signaling a shift from an upward to a downward trend. Historical data suggests that in 45 out of 53 similar instances, the stock price decreased further within the following month, giving an 85% probability of a continued downward trend. The current price of $6.36 is trading between the $8.68 resistance and $1.65 support lines.
Market Cap Insights: The average market capitalization across the textiles industry group is $716.4M. Notably, AIN holds the highest valuation at $2.7B, while DXYN is valued at $10.3M, representing the lowest in the group.
Price Performance and News Highlights:
Volume Analysis: The average weekly volume growth across all stocks in the group was 35.22%. Monthly and quarterly volume growth figures were even more impressive, indicating strong market interest and activity.
In summary, the textiles industry is currently experiencing a positive momentum, with individual stocks showing promising trends. Investors may find opportunities for growth, especially considering the positive indicators and historical patterns in moving averages. However, as with any investment, thorough research and monitoring of market conditions are crucial.
The Moving Average Convergence Divergence (MACD) for DXYN turned positive on April 22, 2024. Looking at past instances where DXYN's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 29, 2024. You may want to consider a long position or call options on DXYN as a result. In of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
DXYN moved above its 50-day moving average on May 02, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for DXYN crossed bullishly above the 50-day moving average on May 03, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where DXYN advanced for three days, in of 225 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 168 cases where DXYN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DXYN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DXYN broke above its upper Bollinger Band on May 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DXYN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: DXYN's P/B Ratio (0.276) is slightly lower than the industry average of (1.617). P/E Ratio (12.723) is within average values for comparable stocks, (19.427). DXYN's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.808). DXYN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.031). P/S Ratio (0.028) is also within normal values, averaging (1.218).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DXYN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of carpet & rugs
Industry Textiles