Performance Surge: $AAPL, $CEVA, $GNRC Portable Device Stocks Soar
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The portable device sector, encompassing companies involved in the production and sale of portable devices, witnessed a notable performance surge of +8.63% over the past week. This surge was led by prominent players including Apple (AAPL), CEVA, and Generac Holdings (GNRC). Despite this recent uptick, however, the sector currently faces a negative outlook, as indicated by various technical indicators and market sentiment analyses.
Group Tickers:
Technical Indicators and Market Sentiment: The MA50MA10 Indicator reflects a Negative Outlook for stocks in the portable device sector. Additionally, the Stock Fear & Greed Index suggests a cautious sentiment among investors. Tickeron predicts a further decline of more than 4.00% within the next month for this group, with an 80% likelihood, based on recent trends and market analysis. The daily ratio of advancing to declining volumes over the last month stands at 1.03 to 1, further indicating a mixed sentiment among traders.
Market Capitalization: The average market capitalization within the portable theme is approximately $989.6 billion. Tickers in the group range from a market cap of $420.3 million to $3 trillion, with Apple (AAPL) holding the highest valuation at $3 trillion and the lowest valuation belonging to LMRK at $420.3 million.
Price Movement: While the average weekly price growth for the portable theme stocks was 8.62%, the average monthly and quarterly growth rates were 1.71% and 8.19%, respectively. CEVA experienced the highest weekly price growth at 14.86%, while Apple (AAPL) witnessed a decline of 1.74% over the same period.
Volume: Weekly volume growth across portable theme stocks averaged -55.05%. Monthly and quarterly volume growth rates were also negative, standing at -2.99% and -12.36%, respectively. Record-breaking volume surges were observed for individual stocks, such as Generac Holdings (GNRC) and CEVA.
Stock-specific Analysis:
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AAPL:
- The Stochastic Oscillator for AAPL recently moved out of oversold territory, signaling a potential bullish trend. Tickeron's analysis suggests an 81% probability of upward movement following this indicator shift.
- The stock's current price of $188.85 indicates a trading range between $230.23 resistance and $161.92 support lines.
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CEVA:
- CEVA's 10-day moving average crossed below the 50-day moving average on January 12, 2024, indicating a downward trend. However, historical data suggests a 76% chance of continued upward movement over the next month.
- The stock is currently trading between $26.11 support and $15.48 support lines, with a current price of $21.64.
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GNRC:
- GNRC witnessed a bullish crossover as its 50-day moving average crossed above the 200-day moving average on January 10, 2024. This suggests a long-term upward trend.
- With a current price of $126.97, the stock is trading above its highest resistance line of $53.95.
Conclusion: While the portable device sector has experienced recent volatility and mixed performance, individual stocks within the theme present unique opportunities and challenges for investors. Traders should consider technical indicators, market sentiment, and company-specific factors when formulating their investment strategies in this dynamic sector.
Aroon Indicator for AAPL shows an upward move is likely
AAPL's Aroon Indicator triggered a bullish signal on December 27, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 349 similar instances where the Aroon Indicator showed a similar pattern. In of the 349 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The 10-day moving average for AAPL crossed bullishly above the 50-day moving average on November 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 AAPL advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for AAPL moved out of overbought territory on December 27, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 54 similar instances where the indicator moved out of overbought territory. In of the 54 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
AAPL broke above its upper Bollinger Band on December 03, 2024. 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.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AAPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (35.461) is normal, around the industry mean (85.677). P/E Ratio (26.429) is within average values for comparable stocks, (47.267). Projected Growth (PEG Ratio) (2.092) is also within normal values, averaging (1.869). AAPL has a moderately low Dividend Yield (0.006) as compared to the industry average of (0.025). P/S Ratio (6.925) is also within normal values, averaging (74.200).
Notable companies
Industry description
Market Cap
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
General Information
a manufacturer of mobile communication, media devices, personal computers, and portable digital music players
Industry ElectronicsAppliances