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The cosmetic industry has been on a remarkable trajectory, showcasing a substantial 9.48% surge in performance within the past week. This upward movement has brought attention to key players in the sector, primarily including JWN (Nordstrom), SBH (Sally Beauty Holdings), and COTY (Coty Inc.).
Positive Outlook and Technical Indicators
The current scenario presents a positive outlook for these stocks, supported by various technical indicators. The MACD Indicator, a reliable tool for assessing momentum, indicates a positive stance for the mentioned tickers. Moreover, the Stock Fear & Greed Index suggests a favorable sentiment within this industry subset.
Tickeron, a renowned predictive analytics platform, anticipates a further collective increase of over 4.00% within the next month for this group, with a likelihood of 61%. Analyzing the advancing to declining volumes ratio over the last month, which stood at 2.16 to 1, reinforces this positive trend.
Market Cap Overview
Examining market capitalizations within this group reveals an average valuation of around 4.5 billion dollars. The market cap for individual tickers varies, ranging from 1 billion to 10 billion dollars. Notably, COTY holds the highest valuation at 10 billion, while SBH stands as the lowest valued company at 1 billion dollars.
Noteworthy Price Movements
In terms of price fluctuations, the weekly performance across the group witnessed an average growth of 5.4%. However, when considering the monthly statistics, the average growth soared to an impressive 28.73%. Contrarily, the quarterly average price growth demonstrated a marginal decline of -5.52%.
SBH showcased the highest weekly price growth at 9.59%, while COTY faced a decline of -0.67%, reflecting contrasting movements within the same period.
Individual Ticker Insights
Nordstrom (JWN)
Sally Beauty Holdings (SBH)
Coty Inc. (COTY)
Volume Insights
While the average weekly volume growth across the group saw a marginal decrease of -0.38%, the monthly and quarterly averages indicate substantial growth at 52.82% and 41.43%, respectively. Notably, SBH experienced an exceptional daily volume spike, reaching a record-breaking 245% increase against the 65-Day Volume Moving Average on October 3, 2023.
Summary
The cosmetic industry, as depicted by JWN, SBH, and COTY, has witnessed an upward surge in performance, backed by technical indicators and positive market sentiments. Despite individual fluctuations, the overall trajectory appears promising, signaling potential opportunities for investors within this sector.
On April 18, 2024, the Stochastic Oscillator for JWN moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 58 instances where the indicator left the oversold zone. In of the 58 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
The Momentum Indicator moved above the 0 level on April 26, 2024. You may want to consider a long position or call options on JWN as a result. In of 95 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 JWN just turned positive on April 23, 2024. Looking at past instances where JWN's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
JWN moved above its 50-day moving average on April 26, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JWN advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .
JWN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The 10-day moving average for JWN crossed bearishly below the 50-day moving average on April 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 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 JWN 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 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 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 (3.741) is normal, around the industry mean (2.336). P/E Ratio (23.695) is within average values for comparable stocks, (27.278). Projected Growth (PEG Ratio) (0.277) is also within normal values, averaging (1.446). Dividend Yield (0.039) settles around the average of (0.030) among similar stocks. P/S Ratio (0.216) is also within normal values, averaging (0.485).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. JWN’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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. JWN’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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a retailer of apparel, shoes, cosmetics and accessories
Industry DepartmentStores