Ethanol Industry Stocks($ADM, $VLO, $ALTO...) Show Robust Performance with an Average Gain in the Last Month 📊
The ethanol industry encompasses a diverse range of business activities, primarily focusing on the production of ethanol and sugar. Beyond these core products, companies within this theme also engage in the development of related assets, such as fuel storage tanks. Some also operate in the broader agricultural sector, including the operation of grain elevator facilities, ethanol plants, and fertilizer production. Prominent examples of firms within this category include Cosan Ltd., Green Plains Partners LP, and Andersons Inc.
Tickers in Industry - $ADM, $VLO, $GPRE, $ALTO, $REX, $ANDE, $GPP
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Among the standout companies in this group are Valero Energy Corp (NYSE:VLO) and Archer Daniels Midland Company (NYSE:ADM). These firms represent significant market share and have seen consistent performance over various timelines.
Market Capitalization
Market capitalization across the companies in the ethanol industry averages a robust $14 billion. The capitalization of individual tickers within the theme ranges from a modest $6.9 million (held by BIQI) to an impressive $50.5 billion, represented by Valero Energy Corp (VLO).
High and Low Price Notable News
Over the past month, the ethanol industry stocks have posted an average gain of 7.43%. This positive performance also reflects in their weekly and quarterly numbers, with average weekly price growth of 0.81% and an astonishing average quarterly price growth of 45.51%. In terms of individual stock performance, Green Plains Partners (GPP) experienced the highest price growth at 13.63%. On the flip side, Green Plains (GPRE) witnessed a decline of -7.21%.
Recent Price Movements:
- Alto Ingredients (ALTO, $3.63): Top loser this week, declining -14.79%
- Green Plains (GPRE, $31.77): Another top loser this week, declining -10.28%
- Valero Energy (VLO, $116.61): Top weekly gainer, with a +5.63% increase.
Volume Indicators
When it comes to trading volume, the ethanol industry stocks have seen an average weekly volume growth of 13.76%. Moreover, the average monthly volume growth stands at 16.51%. However, the average quarterly volume growth experienced a decline of -5.37%.
Notable Volume Spikes:
- Andersons Inc. recorded a one-day volume increase resulting in a record-breaking daily growth of 208% of the 65-Day Volume Moving Average.
- Archer Daniels Midland also saw a spike in volume, recording a daily growth of 253% of the 65-Day Volume Moving Average.
- Alto Ingredients posted a one-day volume increase resulting in a record-breaking daily growth of 324% of the 65-Day Volume Moving Average.
Fundamental Analysis Ratings
To provide a comprehensive picture, the average fundamental analysis ratings, based on a scale where 1 is best and 100 is worst, are also worth noting. While the specific ratings were not provided, these ratings can offer additional insights into the overall health and performance of companies in the ethanol industry.
The ethanol industry stocks have shown promising performance over the last month, averaging a gain of 7.43%. Companies like Valero Energy Corp and Archer Daniels Midland Company stand out as industry leaders, while others are contributing to the overall positive performance. With diverse business activities and a strong market capitalization average, the ethanol industry continues to be a sector worth keeping an eye on.
VLOÂ :Â On September 8, 2023, VLO's Moving Average Convergence Divergence (MACD) indicator transitioned to a positive stance. Historical data reveals that, in 34 out of 43 instances when VLO's MACD went positive, the stock ascended over the subsequent month. This suggests a 79% likelihood of the stock maintaining its upward trajectory in the near term.
GPREÂ :Â On September 8, 2023, GPRE's Aroon Indicator signaled a potential bearish trend. This was marked by the AroonDown red line surpassing 70, with the AroonUp green line staying under 30 for three consecutive days. Tickeron's A.I.dvisor has noted that in 155 out of 186 previous occurrences with a similar pattern, the stock declined, suggesting an 83% probability of a further descent. Investors might contemplate selling GPRE shares or exploring put options in anticipation of this trend.
ALTOÂ :Â On September 11, 2023, ALTO's MACD Histogram moved above its signal line, signifying a potentially bullish outlook. Historical data underscores the significance of this crossover: in 38 out of 43 prior occurrences when ALTO's MACD went positive, the stock climbed in the succeeding month. This infers an 88% chance that ALTO might experience a continued ascent in the near future.
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