$BHP, $RIO, $SCCO, $FCX, $VALE, $TECK Surge 2-3% Following Market Rally Yesterday.
Yesterday, stock indices posted a growth of approximately 1.5%, potentially forming a reversal pattern. Leading this growth were shares of mineral extraction companies, which saw an average increase of 2-3%. You can check out signals for these company stocks in our robot:Swing-Trader-1-5K-per-position-Hedge-Fund-Style-Trading-TA-FA
Notable companies in this group include BHP Group Limited (NYSE:BHP), Freeport-McMoran (NYSE:FCX), Vale SA (NYSE:VALE), and Teck Resources Limited (NYSE:TECK).
Market Cap
The average market capitalization across the group is $71 billion, with market caps for tickers in the group ranging from $20.6 billion to $140.3 billion. BHP holds the highest valuation in this group at $140.3 billion, while the lowest-valued company is TECK at $20.6 billion.
High and Low Price Notable News
The average weekly price growth across all stocks in the group was 4.19%. On a monthly basis, the average price growth was -5.39%, and the average quarterly price growth was -0.58%. Among notable stocks, TECK experienced the highest price growth at 9.29%, while FCX experienced the most significant decline at -0.64%.
Volume
The average weekly volume growth across all stocks in the group was -19.73%. On a monthly basis, the average volume growth was 61.13%, and the average quarterly volume growth was -24.95%.
Fundamental Analysis Ratings
The average fundamental analysis ratings, on a scale of 1 (best) to 100 (worst), are as follows:
- Valuation Rating: 11
- P/E Growth Rating: 16
- Price Growth Rating: 50
- SMR Rating: 66
- Profit Risk Rating: 28
- Seasonality Score: -41 (-100 ... +100)
BHP's 50-day Moving Average crossed below the 200-day moving average on August 17, 2023, signaling a potential long-term bearish trend.
Current price for BHP is $56.98, trading between resistance lines at $67.51 and $54.53. The stock experienced a -9% downtrend from 07/21/23 to 08/22/23, with a -2% decline during the week of 08/15/23 to 08/22/23.
RIO's Stochastic Indicator moved out of oversold territory on August 21, 2023, potentially indicating a bullish signal. Current price is $61.69, trading between resistance lines at $75.23 and $59.87. The stock had a -7% downtrend from 07/21/23 to 08/22/23, with a +3% uptrend during the week of 08/15/23 to 08/22/23.
SCCO has been on a +2.55% uptrend, rising for three consecutive days as of August 22, 2023.
Current price for SCCO is $81.42, trading between resistance lines at $93.40 and $80.45. The stock had a +2% uptrend from 07/21/23 to 08/22/23, with a -1% downtrend during the week of 08/15/23 to 08/22/23.
FCX's 10-day Moving Average crossed below the 50-day moving average on August 21, 2023, suggesting a potential sell signal. Current price is $39.26, trading between support lines at $39.36 and $38.87. The stock had a -4% downtrend from 07/21/23 to 08/22/23, with a -2% decline during the week of 08/15/23 to 08/22/23.
VALE's 10-day Moving Average crossed below the 50-day moving average on August 11, 2023, indicating a potential downward trend. Current price is $12.97, which is below the lowest support line at $15.07. The stock had an -11% downtrend from 07/21/23 to 08/22/23, with a +3% uptrend during the week of 08/15/23 to 08/22/23.
TECK's RSI Indicator moved out of oversold territory on August 17, 2023, potentially signaling a shift from a downward trend to an upward trend. Current price is $40.72, trading between resistance lines at $47.31 and $33.94. The stock had a -4% downtrend from 07/21/23 to 08/22/23, with a +6% uptrend during the week of 08/15/23 to 08/22/23.
BHP in upward trend: 10-day moving average broke above 50-day moving average on September 23, 2024
The 10-day moving average for BHP crossed bullishly above the 50-day moving average on September 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where BHP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BHP 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 Aroon Indicator entered an Uptrend today. In of 279 cases where BHP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for BHP moved out of overbought territory on October 03, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BHP as a result. In of 79 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 BHP turned negative on October 09, 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 46 similar instances when the indicator turned negative. In of the 46 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 BHP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BHP broke above its upper Bollinger Band on September 26, 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued 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 (3.570) is normal, around the industry mean (7.448). P/E Ratio (20.024) is within average values for comparable stocks, (100.583). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.023). Dividend Yield (0.052) settles around the average of (0.084) among similar stocks. P/S Ratio (2.676) is also within normal values, averaging (243.272).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BHP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 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.
Notable companies
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 developer of natural resources
Industry OtherMetalsMinerals