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Sep 09, 2023

Pharmaceutical Tickers $NURO, $DRIO, $ORGS, and $DMAC Surge +23.55% in Weekly Performance

Tickers in the industry - $CRON, $TLRY$CGC$ACB

Robots for this industry :
Swing trader: Deep Trend Analysis v.2 (TA) - 30-day Annualized Return +21%
Swing trader: Top High-Volatility Stocks v.2 (TA) - 30-day Annualized Return +20%

Over the past week, the pharmaceutical sector has emerged as a standout performer, with an astonishing +23.55% increase in performance. This surge in the pharmaceutical industry has captured the attention of both seasoned investors and newcomers alike. In this article, we will delve into the details of this theme, focusing on four key tickers: NURO, DRIO, ORGS, and DMAC.

A Positive Outlook Supported by the MA50MA10 Indicator

One of the primary indicators of the positive outlook for these pharmaceutical stocks is the MA50MA10 Indicator. This indicator suggests that market sentiment is favorable for these companies. Moreover, Tickeron, a reputable source for market predictions, shares this positive sentiment, forecasting a potential increase of more than 4.00% in the next month with a likelihood of 68%. This optimistic outlook has piqued the interest of investors seeking growth opportunities in the pharmaceutical sector.

Strong 15 Indicator Trends

The 15 indicator, a widely followed technical indicator, confirms the bullish sentiment for three stocks in this group. These stocks are exhibiting a similar positive trend, with an average likelihood of success standing at an impressive 83%. This aligns with the overall positive sentiment surrounding the pharmaceutical sector.

Notable Companies

Within this group, some pharmaceutical companies stand out as particularly noteworthy:

  1. Tilray Brands (TLRY): TLRY is a significant player in the pharmaceutical industry and is listed on the NASDAQ. It boasts the highest market capitalization in this group, valued at a substantial $2.2 billion.

  2. Canopy Growth Corp (CGC): CGC is another prominent player on the NASDAQ and has been making waves. It experienced remarkable price growth, rising by an impressive 69.42% over a specific period.

  3. Aurora Cannabis (ACB): ACB, also listed on the NASDAQ, demonstrated a strong performance, gaining 16.06% within a defined timeframe.

Market Cap Variation

The market capitalization within the pharmaceutical theme varies significantly, with an average of approximately $922 million. Among the four tickers, TLRY holds the highest valuation at $2.2 billion, showcasing its dominance in the industry. On the other end of the spectrum, ACB is the lowest valued company in this group, with a market capitalization of $184.3 million. This diverse range of market caps highlights the multitude of investment opportunities available within the pharmaceutical sector.

Price Performance and Notable News

The price performance of these pharmaceutical stocks has been remarkable. On a weekly basis, the average price growth across all stocks in this theme was an impressive 23.55%, demonstrating significant short-term potential. Moreover, the average monthly price growth stood at 32.48%, indicating consistent growth over a slightly longer horizon. However, it's essential to note that the average quarterly price growth was -11%, indicating potential volatility in the longer term. CGC stood out as the top performer in terms of weekly price growth, surging by an impressive 69.42%.

Volume Fluctuations

The analysis of volume fluctuations provides insight into investor interest and activity in these pharmaceutical stocks. On a weekly basis, the average volume growth across all stocks in this theme was a significant 66.58%, signaling heightened investor interest. Moreover, the average monthly and quarterly volume growth figures were even more impressive, at 268.01% and 533.34%, respectively. This indicates a strong and sustained interest in pharmaceutical stocks.

Key Ticker Analysis

Let's explore the trends of three key tickers within this pharmaceutical theme:

  1. CRON: CRON exhibited a notable upward trend as its 10-day moving average crossed above the 50-day moving average on September 07, 2023. This shift is often considered a buy signal, with an 86% probability of continued upward movement. The stock showed a significant uptrend during the month of 08/08/23 - 09/08/23, with a growth rate of +26% during that period.

  2. TLRY: TLRY's Moving Average Convergence Divergence (MACD) turned positive on September 01, 2023. Historically, when TLRY's MACD turned positive, the stock continued to rise in 89% of cases over the following month. TLRY has demonstrated a consistent uptrend, particularly during the week of 08/31/23 - 09/08/23, with a growth rate of +2%.

  3. CGC: CGC witnessed a positive shift in its Momentum Indicator on August 29, 2023, indicating a potential new upward trend. Historically, when this indicator turned positive, the stock moved higher in 81% of cases. CGC has experienced a remarkable uptrend, particularly during the month of 08/08/23 - 09/08/23, with a growth rate of +99%.

In summary, the pharmaceutical sector has experienced a significant surge in performance, driven by positive indicators and strong price growth. Investors should closely monitor these stocks, particularly CRON, TLRY, and CGC, as they exhibit strong potential for further growth. However, it's crucial to remain vigilant and conduct thorough research when considering investment decisions in this dynamic sector.

Related Ticker: TLRY, CRON, CGC, ACB

TLRY's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for TLRY turned positive on June 27, 2024. Looking at past instances where TLRY's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 03, 2024. You may want to consider a long position or call options on TLRY as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

TLRY moved above its 50-day moving average on July 11, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TLRY advanced for three days, in of 206 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

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

TLRY broke above its upper Bollinger Band on July 10, 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 Aroon Indicator for TLRY entered a downward trend on July 08, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 71%.

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 steady price growth. TLRY’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 (0.545) is normal, around the industry mean (52.351). P/E Ratio (8.518) is within average values for comparable stocks, (85.761). TLRY's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.825). Dividend Yield (0.000) settles around the average of (0.118) among similar stocks. P/S Ratio (2.355) is also within normal values, averaging (21.439).

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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TLRY’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 92, placing this stock worse than average.

Notable companies

The most notable companies in this group are ZOETIS (NYSE:ZTS), Teva Pharmaceutical Industries Limited (NYSE:TEVA), Elanco Animal Health (NYSE:ELAN), Intra-Cellular Therapies (NASDAQ:ITCI), Bausch Health Companies (NYSE:BHC), Tilray Brands (NASDAQ:TLRY), Avadel Pharmaceuticals plc (NASDAQ:AVDL), Canopy Growth Corp (NASDAQ:CGC), Aurora Cannabis (NASDAQ:ACB), Journey Medical Corp (NASDAQ:DERM).

Industry description

Pharmaceuticals (Other) comprise companies that are involved in the discovery, development or manufacturing of therapeutic and preventative medicines. They often collaborate with or acquire other pharmaceutical/healthcare firms. Examples of companies in this segment include Bausch Health Companies Inc., Icon Plc and Perrigo Company Plc.

Market Cap

The average market capitalization across the Pharmaceuticals: Other Industry is 3.12B. The market cap for tickers in the group ranges from 246 to 77.48B. ZTS holds the highest valuation in this group at 77.48B. The lowest valued company is PEMTF at 246.

High and low price notable news

The average weekly price growth across all stocks in the Pharmaceuticals: Other Industry was 3%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 84%. CLCFF experienced the highest price growth at 71%, while RSCI experienced the biggest fall at -47%.

Volume

The average weekly volume growth across all stocks in the Pharmaceuticals: Other Industry was 0%. For the same stocks of the Industry, the average monthly volume growth was -13% and the average quarterly volume growth was -26%

Fundamental Analysis Ratings

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

Valuation Rating: 54
P/E Growth Rating: 71
Price Growth Rating: 51
SMR Rating: 87
Profit Risk Rating: 92
Seasonality Score: 0 (-100 ... +100)
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General Information

a holding company, whose subsidiaries engages in research, cultivation, processing and distribution of medical cannabis

Industry PharmaceuticalsOther

Profile
Fundamentals
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Industry
Biotechnology
Address
265 Talbot Street West
Phone
+1 844 845-7291
Employees
1600
Web
https://www.tilray.com
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