Robots for this group tickers :
Swing Trader, Long Only: Growth Model (FA) - 30-day Annualized Return +90%
Trend Trader, Long Only: Valuation & Hurst Model (TA&FA) - 30-day Annualized Return +80%
Sundries companies, represented by tickers CENT, CENTA, and DOGZ, exhibited a remarkable surge of +17.84% in performance over the past week. This surge is underpinned by several key indicators that signal a positive outlook and potential for further growth within this theme.
Positive Outlook Supported by Volume Indicators:
The stocks in this group present a Positive Outlook, reinforced by the Volume Indicator and the Stock Fear & Greed Index. Tickeron's optimistic forecast predicts a potential increase of over 4.00% within the next month, with a substantial likelihood of 63%. Additionally, the daily advancing to declining volumes ratio stood at a promising 2.18 to 1 over the past month.
Confirmation of Positive Signals:
Three stocks within this ticker group confirmed the positive outlook based on a 15-indicator analysis, showcasing an average probability of success at an encouraging 77%.
Market Capitalization and Valuation Insights
The average market capitalization within this theme sits at a robust 1.3 billion dollars. However, the market cap for the individual tickers varies significantly, ranging from 6.3 million dollars to 2 billion dollars. CENT holds the highest valuation at 2 billion dollars, while DOGZ is the lowest valued company at 6.3 million dollars.
Price Movement Highlights
Highs and Lows in Price Movement:
The average weekly price growth across all stocks within this theme was an impressive 17.84%. For the same theme, the average monthly growth surged to 37.22%, while the average quarterly growth showed a slight decrease of -3.91%. Notably, DOGZ experienced the highest weekly price growth at 43.97%, whereas CENTA encountered a decline of 4.5%.
News-Driven Price Volatility:
DOGZ, represented as a penny stock, faced considerable fluctuations: a significant weekly gain of +18.21% on 4/20/23 was followed by a substantial weekly loss of -15.78% on 7/27/23.
Volume Analysis and Momentum Signals
Volume Fluctuations:
While the average weekly volume growth across the theme dipped by -21.35%, the monthly and quarterly volume growth surged, recording averages of 225.74% and 50.03%, respectively. Remarkably, both CENT and DOGZ experienced record-breaking daily volume surges of 441% and 1,638%, respectively, compared to their 65-Day Volume Moving Averages.
Ticker-Specific Analysis and Potential Trends
CENT (CENT): With a recent bullish crossover of the 10-day Moving Average above the 50-day moving average, CENT reflects a potential buy signal. Historical data suggests that in 81% of past instances following this pattern, the stock continued on an upward trajectory. Presently trading between $53.92 and $48.43 resistance lines, the stock showed a significant uptrend of +28% over the past month.
CENTA (CENTA): CENTA might rebound above the lower band and move towards the middle band, indicating a potential upward movement. Past occurrences following a break below the lower Bollinger Band have resulted in a 76% probability of an upward trend. The stock experienced a notable +24% uptrend over the past month.
DOGZ (Dogness International): After exiting oversold territory on the RSI Oscillator, DOGZ signaled a shift from a downward to an upward trend. Historical analysis suggests a strong 90% probability of upward movement following similar instances. The stock displayed a significant uptrend of +28% over the past month and +21% during the last week of analysis.
Summary
Sundries companies represented by CENT, CENTA, and DOGZ exhibit positive momentum supported by various technical indicators, volume surges, and historical patterns. Investors may find potential opportunities within this theme, considering the identified trends and individual ticker analyses, albeit conducting thorough due diligence and risk assessment remains crucial.
The 10-day moving average for CENT crossed bullishly above the 50-day moving average on May 09, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 .
The Momentum Indicator moved above the 0 level on May 09, 2024. You may want to consider a long position or call options on CENT as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CENT just turned positive on April 23, 2024. Looking at past instances where CENT's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
CENT moved above its 50-day moving average on May 08, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where CENT advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend 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 CENT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CENT broke above its upper Bollinger Band on May 09, 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CENT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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: P/B Ratio (2.044) is normal, around the industry mean (8.292). P/E Ratio (20.913) is within average values for comparable stocks, (26.814). CENT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.471). Dividend Yield (0.000) settles around the average of (0.043) among similar stocks. P/S Ratio (0.853) is also within normal values, averaging (62.729).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a producer of products for the lawn & garden and pet supplies markets
Industry FoodSpecialtyCandy