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Sep 28, 2023

Performance Surge of Ocean Transportation Companies ($ESEA, $OSG, $MATX, $EDRY) with +3.74% Gain in Past Week

Robots for this industry :
Swing Trader, Long Only: Valuation Model for Energy Sector (TA&FA) - 30-day Annualized Return +71%
Swing Trader, Long Only: Valuation & Seasonality Model (TA&FA) - 30-day Annualized Return +7%

 

The ocean transportation sector has been making waves recently, experiencing a significant performance boost of +3.74% over the past week. In this article, we'll delve into the theme and explore the key tickers within this sector, shedding light on their market capitalization, recent price movements, volume trends, and fundamental analysis ratings.

Theme Overview: Ocean Transportation Sector

The ocean transportation sector comprises companies engaged in the shipping and transportation of goods across the world's oceans. This sector is vital for global trade, facilitating the movement of goods and commodities on a massive scale.

Key Tickers in the Ocean Transportation Sector

Here are some of the key tickers representing the ocean transportation sector:

  1. ESEA (Ticker: ESEA)
  2. Overseas Shipholding Group (Ticker: OSG)
  3. Matson, Inc. (Ticker: MATX)
  4. EuroDry Ltd. (Ticker: EDRY)

Current Market Outlook

As of the latest data, stocks in the ocean transportation sector have a negative outlook, backed by the 15-indicator Stock Fear & Greed Index. Tickeron, a prominent financial analysis platform, predicts a further decline of over 4.00% within the next month, with a likelihood of 65%. Over the last month, the daily ratio of advancing to declining volumes stood at 1 to 1.11, indicating a somewhat balanced market sentiment. Interestingly, two stocks within this group confirmed the negative outlook based on the MACD indicator, with average odds of 82%.

Market Capitalization

The average market capitalization across the ocean transportation theme is approximately $916.7 million. However, there's a wide range of market caps within this group, spanning from $41.3 million to $3.1 billion. Matson, Inc. (MATX) holds the highest valuation in this group at $3.1 billion, while EuroDry Ltd. (EDRY) is the lowest valued company with a market cap of $41.3 million.

High and Low Price Movements

Recent price movements in the ocean transportation sector are noteworthy. On average, stocks in this theme experienced a weekly price growth of 3.74%, a monthly growth of 3.29%, and a quarterly growth of 25.34%. ESEA stands out with the highest weekly price growth at 8.19%, while Overseas Shipholding Group (OSG) experienced the largest weekly decline at -2.97%.

Volume Trends

Volume trends are crucial indicators for stock market analysis. On a weekly basis, the average volume growth across all stocks in the ocean transportation sector was -33.13%, while the average monthly volume growth was 15.86%, and the average quarterly volume growth was -16.63%. Notably, there were several significant volume spikes in individual stocks. For instance:

  • On 9/16/23, Matson's stock experienced a record-breaking daily growth of 243% of the 65-Day Volume Moving Average.
  • On 1/19/23 and 1/6/23, Overseas Shipholding Group's stock also saw record-breaking daily growth of 222% and 543%, respectively, of the 65-Day Volume Moving Average.

Fundamental Analysis Ratings

Fundamental analysis ratings provide insights into a company's financial health and growth prospects. Here are the average fundamental analysis ratings for stocks in the ocean transportation sector:

  • Valuation Rating: 41
  • P/E Growth Rating: 37
  • Price Growth Rating: 42
  • SMR Rating: 48
  • Profit Risk Rating: 43
  • Seasonality Score: 16 (-100 ... +100)

These ratings offer a snapshot of the sector's financial health, with lower scores indicating better prospects in several categories.

Key Ticker Insights

  1. EDRY in an Upward Trend: EuroDry Ltd. (EDRY) shows promise with its 10-day moving average crossing above the 50-day moving average on September 25, 2023. This bullish signal suggests an 83% chance of continued upward movement. The stock is currently trading between $14.54 support and $16.54 resistance lines, with a recent uptrend observed.

  2. Aroon Indicator for ESEA: ESEA's Aroon Indicator triggered a bullish signal on September 14, 2023, indicating a potential uptrend. Historical data suggests a 90% chance of the stock moving higher following such signals. The stock has shown a recent uptrend, with potential opportunities for traders.

  3. OSG's Stochastic Oscillator: Overseas Shipholding Group (OSG) is currently in an oversold zone for two days, suggesting a possible price bounce in the near future. The stock is trading above its highest resistance line, but recent trends show a slight downtrend.

In summary, the ocean transportation sector has displayed mixed performance recently, with some stocks showing promise despite the negative overall outlook. Investors and traders in this sector should closely monitor individual stock movements and key indicators to make informed decisions in this dynamic market.

Related Ticker: OSG, ESEA, MATX, EDRY

Aroon Indicator for OSG shows an upward move is likely

OSG's Aroon Indicator triggered a bullish signal on June 17, 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 184 similar instances where the Aroon Indicator showed a similar pattern. In of the 184 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 06, 2024. You may want to consider a long position or call options on OSG as a result. In of 109 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 OSG advanced for three days, in of 255 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 53 cases where OSG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for OSG turned negative on June 06, 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 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OSG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

OSG broke above its upper Bollinger Band on May 20, 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.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 77%.

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 56, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OSG’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 fair valued 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 (1.265) is normal, around the industry mean (44.070). P/E Ratio (8.195) is within average values for comparable stocks, (16.201). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.696). OSG has a moderately low Dividend Yield (0.019) as compared to the industry average of (0.064). P/S Ratio (1.134) is also within normal values, averaging (2.923).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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.

Notable companies

The most notable companies in this group are Enterprise Products Partners LP (NYSE:EPD), Energy Transfer LP (NYSE:ET), Kinder Morgan (NYSE:KMI), Cheniere Energy (NYSE:LNG), Targa Resources Corp (NYSE:TRGP), Plains All American Pipeline LP (NASDAQ:PAA), Antero Midstream Corp (NYSE:AM), Scorpio Tankers (NYSE:STNG), Plains GP Holdings LP (NASDAQ:PAGP), Euronav NV (NYSE:EURN).

Industry description

Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.

Market Cap

The average market capitalization across the Oil & Gas Pipelines Industry is 9.95B. The market cap for tickers in the group ranges from 193.53K to 76.58B. ENB holds the highest valuation in this group at 76.58B. The lowest valued company is AGEEF at 193.53K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Pipelines Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 11%. MPIR experienced the highest price growth at 30%, while PBT experienced the biggest fall at -10%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Pipelines Industry was -9%. For the same stocks of the Industry, the average monthly volume growth was -10% and the average quarterly volume growth was -15%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 26
P/E Growth Rating: 44
Price Growth Rating: 48
SMR Rating: 55
Profit Risk Rating: 56
Seasonality Score: -23 (-100 ... +100)
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OSGDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a company which engages in the ocean transportation of crude oil and petroleum products.

Industry OilGasPipelines

Profile
Fundamentals
Details
Industry
Marine Shipping
Address
302 Knights Run Avenue
Phone
+1 813 209-0600
Employees
1078
Web
https://www.osg.com
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