Retail Rally: $KSS, $M, $DDS, and $OLLI Drive Department Store Sector with a Remarkable Weekly Performance Surge
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Department store companies, represented by tickers KSS, M, DDS, and OLLI, have witnessed a remarkable +15.76% surge in performance over the past week. This article delves into the positive indicators and notable trends within this theme.
Theme Overview: Department stores, offering a diverse range of consumer goods across various departments, have adapted to the digital age, enhancing their online presence amid the growing influence of e-commerce. Key players in this sector include Dillard's Inc., Macy's, and Kohl's, each contributing to the positive outlook of the department store theme.
Stock Outlook and Indicators: Tickeron has a positive outlook on this group, predicting a further increase of more than 4.00% within the next month with a likelihood of 59%. The 15 Indicator supports this positive sentiment, with a daily ratio of advancing to declining volumes standing at 1.48 to 1 over the last month.
MACD Indicators:
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M's MACD Turns Positive:
- The Moving Average Convergence Divergence (MACD) for Macy's (M) turned positive on November 16, 2023.
- Historical data reveals that in 45 of 50 cases where M's MACD turned positive, the stock continued to rise over the following month, presenting a compelling 90% probability.
- Current price $14.44 is below $15.45, the lowest support line found by A.I. The month of 10/18/23 - 11/17/23 saw a +26% uptrend, with a weekly growth of +32% during 11/10/23 - 11/17/23.
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Positive Momentum for KSS:
- Kohl's (KSS) witnessed its Momentum Indicator moving above the 0 level on November 14, 2023.
- In 68 of 86 similar instances, when the Momentum Indicator turned positive, the stock moved higher, suggesting a substantial 79% probability.
- Current price $25.57 is trading between $26.19 support and $20.57 resistance lines. The stock experienced a +22% uptrend in the month of 10/18/23 - 11/17/23, with a weekly growth of +17% during 11/10/23 - 11/17/23.
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DDS's MACD Turns Positive:
- Dillard's Inc. (DDS) saw its MACD turn positive on November 15, 2023.
- Analyzing historical instances, DDS continued to rise in 42 of 51 cases when the MACD turned positive, indicating a robust 82% probability.
- Current price $338.79 is trading between $341.19 support and $295.96 resistance lines. The stock experienced a +6% uptrend in the month of 10/18/23 - 11/17/23, with a weekly growth of +16% during 11/10/23 - 11/17/23.
Market Cap and Price Trends: The average market capitalization across the department store theme is 4.3B, with DDS holding the highest valuation at 5.6B and JCP being the lowest valued at 67M. Weekly, monthly, and quarterly price growth averages stand at 15.76%, 15.52%, and 21.14%, respectively.
Volume Trends: Weekly, monthly, and quarterly volume growth averages across the department store theme are 59.4%, 137.89%, and 29.77%, respectively. This signifies a strong and consistent interest in the stocks within this theme.
Summary: With positive outlooks, strong historical indicators, and encouraging market trends, department store stocks appear to be in a favorable position for investors. The adaptability of these companies to the digital landscape, coupled with positive market sentiments, positions them as noteworthy opportunities in the current financial landscape.
