Commodities Industry Stocks($ADM, $ICE, $CME...) Shine with a Stellar 22.6% Weekly Gain
In a recent turn of events, the commodities sector has demonstrated a robust performance with stocks averaging a gain of 22.6% over the last week. This figure not only represents a significant weekly uptick but also aligns with the positive monthly and quarterly growth trends observed within the industry.
🌐Tickers in Industry - $ADM, $ICE, $CME, $GPRE, $PATI
Defining the Commodities Theme
Within the stock market, the 'commodities' category encompasses a range of companies that either handle the financial aspects of commodity trading or deal directly with the physical commodities themselves. The theme brings together a diverse group of tickers, each contributing to the fabric of the commodities trading landscape.
Industry Titans and Market Dynamics
In this vibrant sector, two of the most eminent companies include CME Group (NASDAQ:CME), known for its robust trading infrastructure for futures and commodities, and Archer Daniels Midland Company (NYSE:ADM), a key player in the processing and sales of a vast array of agricultural products. The average market capitalization of this theme stands at an impressive $35.5B, highlighting the substantial financial heft that these companies carry within the market.
Highs and Lows in Trading
Despite the general upward trend, the individual stock performances have varied. PATI took the lead with a striking price growth of 103.64%, while CME Group experienced a slight dip of -0.2%. Noteworthy movements also include Green Plains (GPRE), which saw a significant weekly rise, suggesting a potential uptrend in its trajectory.
Volume Growth - A Sign of Market Enthusiasm
Trading volumes provide insight into the market's interest and the liquidity of stocks. For the commodities sector, the average weekly volume growth stood at 14.61%. This uptick in volume is further underscored by the monthly and quarterly volume growth rates, which show even more pronounced increases. A remarkable instance was Archer Daniels Midland's stock volume surge, which shattered records by achieving a 253% growth against the 65-Day Volume Moving Average on a single day.
The Commodities Cohort: A Force in the Market
As the commodities market continues its vibrant course, the range of companies within its purview—from giants like CME Group to other key players—demonstrates the dynamic and vital role commodities play in the financial ecosystem. With substantial market caps and active trading volumes, these stocks are not just surviving but thriving, indicating a keen investor interest in the fundamental aspects of the global economy represented by the commodities market.
ADM : Archer Daniels Midland (ADM) exhibited a potential turnaround signal on November 1, 2023, as its Stochastic Oscillator climbed out of the oversold zone, often interpreted as a bullish indicator for the stock. Historical data from Tickeron's A.I.dvisor, after reviewing 58 similar instances, suggests that ADM's stock has a propensity to escalate post such signals, with a 66% likelihood of an uptick based on 38 precedents where gains followed. This emerging pattern could capture the attention of traders contemplating stock purchases or call option strategies.
ICE : Intercontinental Exchange (ICE) showcases a promising trajectory as it rebounds from breaching its lower Bollinger Band on October 27, 2023. Historical trends indicate a 67% chance of price progression towards the middle Bollinger Band, post such breakouts. This pattern, observed in 30 out of 45 similar occurrences, suggests a bullish signal for ICE. Traders might view this as an opportune moment for stock purchases or call option consideration, anticipating a continued upward price movement in the coming month.
CME : CME Group's stock is showing bullish momentum as its 10-day Moving Average decisively crossed above its 50-day counterpart on October 09, 2023. This technical crossover typically signifies a shift in momentum to the upside, presenting a potential buying opportunity. Historical analysis reveals that in 9 out of 12 instances of such crossovers, CME's stock has seen a continued increase in price over the subsequent month, translating to a robust 75% probability of sustaining the uptrend. This pattern suggests a favorable short-term outlook for traders and investors considering CME's shares.
ADM in +1.31% Uptrend, advancing for three consecutive days on October 28, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ADM advanced for three days, in of 348 cases, the price rose further within 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 59 cases where ADM'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 .
ADM 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 October 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ADM as a result. In of 92 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 ADM turned negative on September 25, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
ADM moved below its 50-day moving average on September 25, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ADM crossed bearishly below the 50-day moving average on October 03, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADM 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 ADM entered a downward trend on October 28, 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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ADM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (1.317) is normal, around the industry mean (17.915). P/E Ratio (9.697) is within average values for comparable stocks, (26.232). Projected Growth (PEG Ratio) (14.849) is also within normal values, averaging (15.410). Dividend Yield (0.030) settles around the average of (0.045) among similar stocks. P/S Ratio (0.360) is also within normal values, averaging (7.264).
Notable companies
Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities
Industry AgriculturalCommoditiesMilling