$GENE, $SGMO, $PACB, $NTRA: Significant Week-Over-Week Performance Surge of +7.21% in Genes and Industry
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In the fast-paced world of stock markets, some sectors exhibit impressive performance, capturing the attention of investors and analysts alike. The genes sector, comprising companies involved in genetic testing and related activities, is currently in the spotlight due to its remarkable weekly gain of +7.21%. In this article, we delve into the genes theme, highlight key players in this industry, and discuss the recent surge in stock prices.
Theme Description: The Genes Theme
The genes theme encompasses companies specializing in genetic testing, a critical field in modern healthcare. These companies offer services that range from analyzing microscopic quantities of DNA for reproductive health indications to developing treatments for patients with genetically defined diseases, including various types of cancer. Notable companies operating within this theme include Natera Inc., Epizyme Inc., and Sangamo Therapeutics Inc.
Key Tickers in the Genes Theme
The genes theme is represented by a group of tickers, with four standout players:
- GENE - Representing the field of genetic testing, GENE is currently in a robust +14.19% uptrend, rising for three consecutive days as of September 1, 2023.
- SGMO - Sangamo Therapeutics Inc., with a recent -15.32% drop in its stock price, has garnered attention as one of the weekly losers in the genes theme.
- PACB - Pacific Biosciences of California, ticker PACB, experienced a -5.01% decline in its stock price, signaling a downtrend reversal.
- NTRA - Natera Inc., on the other hand, emerged as a weekly gainer with an impressive +11.2% jump in its stock price.
Market Capitalization in the Genes Theme
The average market capitalization within the genes theme stands at approximately $2.6 billion. Within this group, market caps vary significantly, ranging from the relatively small GENE at $18.6 million to the more substantial NTRA, which boasts a market cap of $7.2 billion.
High and Low Price Movements
The genes theme witnessed substantial price movements over various timeframes. In the past week, the average weekly price growth across all stocks in the theme was a remarkable +7.21%. However, over the past month, the average monthly price growth was -1.48%, and the average quarterly price growth was -14.32%. Among the key tickers, SGMO saw the highest price growth at 27.59%, while NTRA experienced a notable fall of 8.96%.
Volume Trends
Volume trends within the genes theme tell an interesting story. In the past week, the average weekly volume growth across all stocks was -27.4%. Over the past month, this figure dropped to -40.63%, and over the past quarter, it decreased even further to -60.95%. These declining volume trends suggest a certain degree of investor caution.
However, it's worth noting some record-breaking volume spikes, such as Sangamo Therapeutics' stock experiencing a daily growth of 290% of the 65-Day Volume Moving Average on June 17, 2023.
Technical Analysis Highlights
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GENE is currently in a promising +14.19% uptrend, with a history of further price increases after three consecutive positive days.
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SGMO saw its RSI Oscillator move out of oversold territory on August 29, 2023, indicating a potential shift from a downward to an upward trend. This shift presents a buying opportunity, with historical data showing an 80% chance of the stock moving higher.
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NTRA crossed above its 50-day Moving Average on August 4, 2023, signaling a transition from a downward to an upward trend. Historical data suggests a 90% chance of continued upward movement.
Summary
The genes theme, consisting of companies engaged in genetic testing and related activities, has recently witnessed a substantial increase in performance. While the weekly gains are impressive, it's essential to consider the broader market context and the potential impact of various factors on these stocks. Investors should conduct thorough research and consult with financial advisors before making any investment decisions in this theme. As always, the stock market is dynamic, and trends can change rapidly, so staying informed and vigilant is crucial for successful investing in this sector.
GENE's RSI Oscillator leaves overbought zone
The 10-day RSI Indicator for GENE moved out of overbought territory on September 19, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 15 instances where the indicator moved out of the overbought zone. In of the 15 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 45 cases where GENE's Stochastic Oscillator exited the overbought zone, the price fell further within 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 GENE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GENE broke above its upper Bollinger Band on August 30, 2023. 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 29, 2023. You may want to consider a long position or call options on GENE as a result. In of 96 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 GENE just turned positive on August 24, 2023. Looking at past instances where GENE's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
GENE moved above its 50-day moving average on September 11, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for GENE crossed bullishly above the 50-day moving average on September 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GENE advanced for three days, in of 198 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 61 cases where GENE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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 (2.222) is normal, around the industry mean (24.975). P/E Ratio (0.000) is within average values for comparable stocks, (79.203). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.228). Dividend Yield (0.000) settles around the average of (0.019) among similar stocks. P/S Ratio (2.509) is also within normal values, averaging (58.475).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GENE’s price grows at a higher 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 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.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than 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. GENE’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 89, placing this stock worse than average.
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 company which engages in the business of genetic testing services
Industry MedicalSpecialties
GENE and
Correlation & Price change
A.I.dvisor indicates that over the last year, GENE has been loosely correlated with RSLS. These tickers have moved in lockstep 46% of the time. This A.I.-generated data suggests there is some statistical probability that if GENE jumps, then RSLS could also see price increases.
| Ticker / NAME | Correlation To GENE | 1D Price Change % | ||
|---|---|---|---|---|
| GENE | 100% | -1.19% | ||
| RSLS - GENE | 46% Loosely correlated | -3.48% | ||
| HSCS - GENE | 36% Loosely correlated | +12.79% | ||
| PSNL - GENE | 35% Loosely correlated | -3.88% | ||
| BNGO - GENE | 32% Poorly correlated | -2.01% | ||
| AXNX - GENE | 32% Poorly correlated | -0.94% | ||
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