Month Sees Strong +12.84% Upswing in Construction Materials Sector
The Construction Materials Industry has experienced a significant increase of +12.84% in its performance over the past month.
Tickers in the industry - $JHX, $CRH, $EXP, $CX, $MLM, $USLM, $VMC, $BCC, $SUM, $TGLS, $LOMA
Robots for this industry :
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The Construction Materials Industry has been a focal point of investor attention recently, showcasing an impressive performance surge of +12.84% over the past month. This upward trajectory has sparked interest in several key stocks within the industry, including JHX, CRH, EXP, CX, MLM, USLM, VMC, BCC, CPAC, SUM, TGLS, LOMA, RETO, SMID, and KNF.
Market Capitalization Insights
The construction materials industry presents a diverse range of market capitalizations within its spectrum, averaging at 9.4 billion dollars. This range spans from the modest 32.8 million dollar valuation of RETO to the substantial 40.4 billion dollar valuation of CRH, establishing it as the highest-valued company in the sector.
Price Movement Highlights
The industry's stock prices have experienced notable shifts in recent times. The average weekly price growth among the group stood at 0.59%, while the monthly growth demonstrated a remarkable 12.84%. Zooming out to a quarterly perspective, the average growth over the last quarter was a significant 24.03%. Within this dynamic landscape, RETO emerged as the front-runner, with an impressive price growth of 75.29%. Conversely, SMID faced a decline of -15.18%, indicating the fluid nature of the industry's price movements.
Volume Dynamics
Volume has also played a pivotal role in shaping the recent landscape of the construction materials industry. Weekly volume growth averaged an impressive 76.11%, while the monthly and quarterly volume growths stood at 64.96% and a staggering 393.12% respectively. A few standout moments include:
- On 7/28/23, Cemex SAB de CV (CX) experienced a record-breaking daily volume growth of 255% over the 65-Day Volume Moving Average.
- CRH Public (CRH) witnessed a similar trend on 7/6/23, with a remarkable daily volume growth of 209% over the 65-Day Volume Moving Average.
- Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) had a three-day streak of record-breaking daily volume growth, culminating in a staggering 257% increase over the 65-Day Volume Moving Average on 7/1/23.
Ticker Insights
Within this industry, several tickers have garnered specific attention due to noteworthy developments:
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JHX: RSI Indicator Shift - JHX's RSI Oscillator exited the overbought zone on August 09, 2023, signaling a potential shift from an upward to a downward trend. Historical analysis indicates that in 32 out of 45 instances, the stock moved lower following such a RSI movement, suggesting a 71% likelihood of a downward move. The price currently trades between $34.71 and $22.10 resistance lines, reflecting recent trends of +3% uptrend and -5% downtrend.
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CX: Three-day Downward Trend - CX has witnessed a -1.89% downward trend over three consecutive days starting from August 11, 2023. Such sustained declines often indicate a bearish sentiment, with historical data suggesting a 77% probability of further decline within the next month. With the price currently above the highest resistance line of $6.81, recent trends reveal a +5% uptrend during the month and a +0.26% uptrend during the past week.
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BCC: Negative Momentum Indicator - BCC's Momentum Indicator dipped below the 0 level on August 16, 2023, suggesting a possible transition into a new downward phase. Historical analysis points towards a 70% chance of decline following this indicator trend. The stock currently hovers above the highest resistance line of $86.00, with recent trends indicating a +4% uptrend during the month and a -5% downtrend during the past week.
Summary, the Construction Materials Industry has displayed remarkable growth recently, with key tickers like JHX, CX, and BCC offering intriguing insights into its dynamic landscape. Investors are advised to closely monitor the trends and indicators of these stocks to make informed decisions in this evolving market.
Momentum Indicator for JHX turns positive, indicating new upward trend
JHX saw its Momentum Indicator move above the 0 level on August 21, 2024. 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 89 similar instances where the indicator turned positive. In of the 89 cases, the stock moved higher in the following days. The odds of a move higher are at .
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 manufacturer of cement products
Industry ConstructionMaterials