Metal Fabrication Industry Stocks($HON, $GFF, $MMM...) Flourishes with an Average Gain of 5.4% Over the Last Week
Metal fabrication, at its core, focuses on value-added processes that metamorphose raw materials into structured metal entities such as machines and parts. The processes of cutting, bending, and assembling are pivotal to this transformation. A common practice in this industry is for fabrication shops to bid on projects and, upon securing a contract, proceed with the manufacturing process. The integration of robotics and automation into this industry is a testament to the evolving nature of metal fabrication, primarily aimed at bridging the skills gap. Giants of the industry include RBC Bearings Incorporated, Timken Company, and Valmont Industries, Inc.
🔍Tickers in Industry - $HON, $GFF, $MMM, $SEB, $MATW, $MDU, $VMI, $CODI, $RCMT, $SPLP, $TRC, $CRESY, $VRTV, $TUSK, $BBU, $FIP, $FBYDP
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Spotlight on Market Leaders
Undoubtedly, Honeywell International (NASDAQ:HON) and 3M Company (NYSE:MMM) stand tall as the leading lights of the metal fabrication sector.
A Deep Dive into Market Capitalization
The Metal Fabrication Industry sees an average market capitalization of $12.4B. The spectrum of market cap for these tickers is vast, ranging from a meager $0 to a whopping $123.6B. The crown for the highest valuation is adorned by Honeywell International (NASDAQ:HON) at $123.6B, while FBYDP sits at the opposite end.
Weekly Price Dynamics
The group experienced an average weekly price growth of -0.62%. Within this, CRESY emerged as the superstar with the highest price growth at 20.7%, while FBYDP took a nosedive, marking the most significant fall at -45.07%. In recent news, 3M (MMM, $94.79) recorded a decline of -6.19% on 9/26/23, a trend observed in the preceding week as well when 3M (MMM, $101.04) dipped by -6.35%. Not to be left behind, Honeywell International (HON, $196.41) also registered a decrease of -5.55% on 7/28/23.
Volume Indicators
The past week witnessed an average volume growth of 93.58% across all stocks in this group. Notably, FTAI Infrastructure stock stole the limelight on 10/11/23 with a record-breaking daily growth of 228% of its 65-Day Volume Moving Average. This followed other significant volume spurts in stocks like Matthews International and MDU Resources Group, which clocked 306% and 319% daily growths respectively, breaking their 65-Day Volume Moving Average.
📋 Fundamental Analysis Ratings
As for the ratings based on fundamental analysis, where a rating of 1 stands for the best and 100 for the least favorable, the group's average rating is yet to be determined.
With the Metal Fabrication Industry on an apparent upswing, it's essential to keep an eye on its trajectory, especially with stalwarts like Honeywell International and 3M Company guiding the path.
HON : On October 06, 2023, Honeywell International (HON) witnessed its RSI Indicator move beyond the oversold bracket. Historically, such a shift often precedes a transition from a bearish to a bullish trend. An analysis by A.I.dvisor revealed that out of 33 analogous scenarios, 26 times the stock advanced post such a signal. This indicates a promising 79% probability of HON's stock edging upwards. Investors might consider this a cue to explore purchasing opportunities in the stock or its call options.
GFF : On October 09, 2023, Griffon Corporation (GFF) showcased a bullish crossover on its MACD Histogram, surpassing its signal line. Historical data highlights that when GFF experienced such a positive MACD shift, the stock witnessed upward momentum in 37 out of 50 observed cases within the subsequent month. This presents a 74% likelihood of the stock maintaining its ascending trajectory. Investors might see this as a favorable time for potential entry or further investments.
MMM :
Momentum Indicator for HON turns positive, indicating new upward trend
HON saw its Momentum Indicator move above the 0 level on March 25, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 98 similar instances where the indicator turned positive. In of the 98 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HON advanced for three days, in of 342 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 273 cases where HON 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where HON's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
HON moved below its 50-day moving average on March 28, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HON broke above its upper Bollinger Band on March 07, 2025. 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.
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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
