$ACTG, $SSTK, $MARA, and $ATOM-Powered Licensing Service Firms Surge +10.07% in Weekly Performance
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The licensing service sector, comprised of companies like Acacia Research (ACTG), Shutterstock (SSTK), Marathon Digital Holdings (MARA), and Atomera Incorporated (ATOM), has demonstrated remarkable resilience and growth in recent weeks. This article examines the positive indicators, market capitalization, price movements, and key insights into these companies' stocks within this theme.
Positive Outlook Supported by MACD Indicator
As of the latest data, the licensing service sector is exhibiting a positive outlook, substantiated by the Moving Average Convergence Divergence (MACD) indicator. Tickeron, a well-known market analysis platform, predicts a further increase of more than 4.00% in this group within the next month with a likelihood of 63%. During the past month, the daily ratio of advancing to declining volumes was fairly balanced at 1 to 1.42, suggesting stability.
Bollinger Bands Confirm Positive Trend
Four stocks within this group, ACTG, SSTK, MARA, and ATOM, have confirmed a positive outlook based on the Bollinger Bands indicator, with average odds of 80%. This indicator implies that the stocks are likely to continue their current trend in the near future.
Market Capitalization
The licensing service sector boasts an average market capitalization of $829 million. The market capitalization for tickers in this group varies, with MARA holding the highest valuation at $1.4 billion, and ATOM being the lowest valued company at $173.1 million. These varying market caps indicate diversity in the sizes and scopes of companies within this theme.
High and Low Price Notable News
The average weekly price growth across all stocks in the licensing service sector was an impressive 10.07%, showcasing a notable uptrend. However, on a monthly basis, the sector experienced an average price decline of -1.11%, while the quarterly average was -12.12%. Within this group, ATOM witnessed the highest price growth at 4.88%, while MARA experienced the most significant decline at -1.99%.
Stock-Specific Insights
Let's delve into some stock-specific insights within this licensing service theme:
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ACTG: RSI Indicator Ascends from Oversold Territory
Acacia Research (ACTG) saw its Relative Strength Index (RSI) indicator move out of oversold territory on September 11, 2023. This transition is often a sign of a shift from a downward trend to an upward one. Traders might consider buying the stock or call options. Historically, in 26 out of 31 similar instances when the RSI indicator left oversold territory, the stock moved higher, with an 84% success rate. The current price is $3.68, trading between $3.93 resistance and $2.46 support lines. Over the past month, the stock experienced a +2% uptrend, while in the week of 10/02/23 - 10/09/23, it enjoyed a +3% uptrend growth.
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SSTK: MACD Histogram Turns Positive
Shutterstock (SSTK) witnessed its Moving Average Convergence Divergence (MACD) indicator turn positive on October 02, 2023. In 32 out of 39 past instances where SSTK's MACD turned positive, the stock continued to rise over the following month, with an 82% success rate. The current price is $39.19, trading between $42.12 support and $38.14 support lines. Over the past month, the stock experienced a -5% downtrend, and during the week of 10/02/23 - 10/09/23, the stock fell -0.50%.
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MARA: RSI Oscillator Ascends from Oversold Territory
Marathon Digital Holdings (MARA) observed its RSI Oscillator move out of oversold territory on October 06, 2023. This often indicates a shift from a downward to an upward trend, making it an attractive choice for traders looking to buy the stock or call options. In 29 out of 33 similar instances when the RSI indicator left oversold territory, the stock moved higher, with an 88% success rate. The current price is $8.46, below the lowest support line found by A.I. at $9.44. Over the past month, the stock experienced a -32% downtrend, and during the week of 10/02/23 - 10/09/23, the stock fell -2%.
Volume Trends
Regarding volume trends, the licensing service sector experienced a decline in trading volume over different timeframes. The average weekly volume growth was -35.72%, the monthly volume growth was -37.84%, and the quarterly volume growth was -36.65%. Notably, Acacia Research stock saw significant volume spikes on two occasions, resulting in record-breaking daily growth compared to its 65-Day Volume Moving Average.
In summary, the licensing service companies, including ACTG, SSTK, MARA, and ATOM, have demonstrated robust performance recently. Positive technical indicators, market capitalization diversity, and stock-specific insights support the notion that this sector may continue to thrive in the near term. However, as with all investments, it's essential to conduct thorough research and consider your risk tolerance before making any investment decisions.
ACTG's Stochastic Oscillator is sitting in oversold zone for 1 day
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ACTG advanced for three days, in of 243 cases, the price rose further within the following month. The odds of a continued upward trend are .
ACTG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ACTG as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ACTG turned negative on December 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACTG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ACTG entered a downward trend on November 21, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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: P/B Ratio (0.933) is normal, around the industry mean (1.062). P/E Ratio (9.155) is within average values for comparable stocks, (26.035). ACTG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.839). ACTG's Dividend Yield (0.000) is considerably lower than the industry average of (0.032). ACTG's P/S Ratio (3.923) is very high in comparison to the industry average of (0.978).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ACTG’s price grows at a lower 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 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. ACTG’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 77, placing this stock better than average.
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.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a licensor of patented technologies
Industry OfficeEquipmentSupplies