Office Equipment/Supplies Industry ($ACTG, $SCS, $HNI, $EBF, $ACCO) Shows Impressive +5.46% Weekly Performance Surge
Tickers in the industry - $ACTG, $SCS, $HNI, $EBF, $ACCO
Robots for this industry :
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One such industry that has recently caught the attention of financial analysts is the Office Equipment/Supplies Industry. In the past week, this industry has displayed remarkable performance, with a notable increase of +5.46%. Let's delve into the theme and the group of tickers within it to better understand this surge.
The Theme: Office Equipment/Supplies Industry
The Office Equipment/Supplies Industry is a diverse sector that produces essential items regularly used in offices by businesses and organizations. This ranges from everyday office supplies like blank sheets of paper, calendars, and paper clips, to larger and higher-cost products such as computers, printers, photocopiers, and office furniture. Some companies in this sector have even ventured into related markets, offering services like business card printing and binding of high-quality documents.
Notable companies in this industry include Herman Miller, Inc., Steelcase Inc., and HNI Corporation, all of which contribute to the industry's vibrancy.
Group of Tickers in Focus
The following tickers are at the forefront of this thriving industry:
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ACTG (Acacia Research): This company has recently shown signs of a potential upswing. Its RSI Indicator moved out of oversold territory, hinting at a possible shift from a downward to an upward trend. Traders are likely to closely monitor this stock for buying opportunities. Over the past month, ACTG's price experienced a -5% downtrend, but during the week of 08/25/23 - 09/01/23, it showed signs of recovery.
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EBF: EBF has experienced a significant development as its 50-day moving average crossed bullishly above its 200-day moving average. This event is often seen as a long-term bullish signal, suggesting that EBF might be heading towards an upward trend. Despite experiencing a downtrend over the past month, it displayed a slight uptick during the week of 08/25/23 - 09/01/23.
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ACCO (Acco Brands): ACCO has garnered attention due to its MACD Histogram turning positive. In the past, when ACCO's MACD turned positive, it continued to rise in the majority of cases. This implies an 80% chance of a continued upward trend. Despite a recent downtrend in August, ACCO displayed a robust uptrend during the week of 08/25/23 - 09/01/23.
Market Cap Overview
The average market capitalization across the Office Equipment/Supplies Industry stands at 1.8 billion dollars. However, within this industry, there is a significant variance in market caps. The highest-valued company in this group is MCHSF, with a market cap of a staggering 90 billion dollars. In contrast, the lowest-valued company is KARE, with a market cap of just 542.3 thousand dollars.
High and Low Price Notable News
The average weekly price growth across all stocks in the Office Equipment/Supplies Industry was a healthy 2.36%. However, the industry witnessed a slight decline on a monthly basis, with an average monthly price growth of -0.8%. Over the past quarter, the average quarterly price growth was -3.77%.
Notable mentions go to ACCO for experiencing the highest price growth at 11.96%, while BRTHY faced the largest decline at -3.85%. ACCO also displayed a substantial weekly gain of +5.57%, signaling a potential uptrend reversal, but it faced a decline of -5.14% in the previous week.
Volume Insights
Volume is a crucial indicator in assessing stock performance. The average weekly volume growth across all stocks in the Office Equipment/Supplies Industry was 20.17%. This number increased significantly on a monthly basis, with an average monthly volume growth of 43.03%. Over the past quarter, the average quarterly volume growth stood at 15.08%.
Notable volume spikes were observed in HNI, Acacia Research, and Ennis stocks, with record-breaking daily growth percentages well above their 65-Day Volume Moving Averages.
Summary
While the Office Equipment/Supplies Industry has seen recent price fluctuations and varying levels of performance among its key players, certain stocks, like ACTG, EBF, and ACCO, are showing signs of potential positive shifts. Investors and traders should closely monitor these stocks for potential opportunities, keeping in mind the broader industry trends and market conditions. As always, it's essential to conduct thorough research and consider your investment goals and risk tolerance before making any financial decisions.
ACCO in upward trend: price expected to rise as it breaks its lower Bollinger Band on December 18, 2024
ACCO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 39 cases where ACCO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ACCO advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ACCO as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ACCO turned negative on December 11, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
ACCO moved below its 50-day moving average on December 18, 2024 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 ACCO 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 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 (0.655) is normal, around the industry mean (1.062). P/E Ratio (11.069) is within average values for comparable stocks, (26.035). Projected Growth (PEG Ratio) (0.421) is also within normal values, averaging (0.839). ACCO has a moderately high Dividend Yield (0.055) as compared to the industry average of (0.032). P/S Ratio (0.282) is also within normal values, averaging (0.978).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ACCO’s price grows at a lower 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. ACCO’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 77, placing this stock worse than average.
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 office equipment
Industry OfficeEquipmentSupplies