Riding the Tide: A Look at $DAC, $GASS, $NAT, $PANL, $SBLK Stocks' +8.38% Gains in Seaborne Shipping
The seaborne shipping industry generated +8.38% 1-month change
Tickers in theme Seaborne shipping - $CPLP, $DAC, $GASS, $NAT, $PANL, $SBLK, $TNK, $ASC
Robot Trend Trader, Long Only ($6.5K per position): Valuation & Seasonality Model (TA&FA) with $SBLK, $CPLP, $PANL
The seaborne shipping industry encompasses companies that provide transportation services by sea, and it also includes those involved in manufacturing military systems for maritime applications. In this article, we will delve into the market cap variations, notable price movements, and volume trends within the 'seaborne' theme, focusing on specific tickers that exemplify the industry's dynamics.
Market Cap Variation
The seaborne theme comprises a diverse group of companies, with the average market capitalization standing at 731.4M. This indicates a mix of both established and smaller players in the market. Among the companies in this theme, the market caps of individual tickers range from 43.1M to 1.9B.
Star Bulk Carriers (SBLK) holds the highest market valuation at 1.9B, demonstrating its prominence and sizable presence in the industry. On the other end of the spectrum, Navios Maritime Holdings (NM) is the lowest valued company with a market cap of 43.1M.
Notable Price Movements
The seaborne shipping theme has experienced varying price movements over different timeframes. On average, across all stocks within the theme, the weekly price growth was 1.67%, reflecting a moderate upward trend. Over a monthly period, the average price growth was a more substantial 9.52%, indicating a positive performance over the short term. Zooming out to the quarterly timeframe, the average price growth reached an impressive 23.15%, highlighting the potential for strong gains over a more extended period.
StealthGas Inc. (GASS) emerged as the top performer with the highest price growth at 8.75%. This robust performance reflects positive sentiment towards the company's operations and prospects.
However, Danaos Corporation (DAC) experienced a decline in its stock price, with the biggest fall at -4.3%. This setback might warrant further investigation into the company's recent developments and market conditions affecting its performance.
Volume Trends
Analyzing the volume trends within the seaborne theme reveals interesting patterns. On average, across all stocks, the weekly volume growth was 19.56%, indicating a healthy level of investor interest and activity. However, the monthly volume growth experienced a decline of -32.68%, suggesting a potential decrease in investor engagement and interest over a more extended period.
On a brighter note, the quarterly volume growth surged by 41.75%, indicating renewed investor interest and growing momentum for seaborne shipping companies.
Fundamental Analysis Ratings
Fundamental analysis ratings offer insights into various aspects of the seaborne shipping theme. The valuation rating of 30 suggests that, on average, companies within this category are reasonably priced compared to their underlying fundamentals.
The P/E growth rating of 56 implies that the companies' earnings growth potential is perceived to be moderate, with room for improvement.
Price growth rating at 42 indicates that the stock prices of companies within this theme are subject to moderate fluctuations, presenting potential opportunities for investors.
The SMR rating of 42 suggests that companies in the seaborne theme have shown a mix of sales, margin, and return performance, without significant outliers in any direction.
Profit risk rating of 41 highlights a moderate level of risk associated with the profitability of companies within this theme, which investors should consider when making investment decisions.
The seasonality score of 4 indicates that seasonal patterns might not significantly influence the performance of the seaborne shipping companies, making the theme attractive for long-term investors.
Technical indicators play a crucial role in analyzing stock price movements and identifying potential trends. In this article, we focus on two stocks, namely GASS and SBLK, and explore the bullish signals generated by the Aroon Indicator and the MACD Histogram, respectively.
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GASS - Aroon Indicator Signals Potential Upside On August 04, 2023, the Aroon Indicator for GASS triggered a bullish signal. Tickeron's A.I.dvisor observed that the AroonUp green line surged above 70, while the AroonDown red line remained below 30. This specific configuration indicates a potential bullish move for the stock. Historically, in 83% of 131 similar instances, the stock price moved higher following such Aroon Indicator patterns. As of the mentioned date, GASS's stock was trading at $5.17, having crossed the support line at $4.19, and was fluctuating between resistance at $5.68 and support at $4.19. Notably, the stock experienced a noteworthy +20% uptrend during the period from 07/05/23 to 08/04/23, with a +9% uptrend growth observed during the week from 07/28/23 to 08/04/23.
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SBLK - MACD Histogram Indicates Positive Momentum On July 25, 2023, SBLK's Moving Average Convergence Divergence (MACD) Histogram turned positive, signaling potential bullish momentum for the stock. Based on historical data, in 89% of 46 instances where SBLK's MACD turned positive, the stock continued to rise in the following month. At the time of the positive MACD crossover, SBLK's stock price stood at $18.28, having surpassed the resistance line at $16.86. During this period, the stock price fluctuated between resistance at $21.27 and support at $16.86. Notably, the stock experienced a +5% uptrend during the period from 07/05/23 to 08/04/23, with a modest +0.60% uptrend growth observed during the week from 07/28/23 to 08/04/23.
Technical indicators, such as the Aroon Indicator and the MACD Histogram, provide valuable insights for traders and investors to gauge potential price movements. For GASS and SBLK, these indicators have recently triggered bullish signals, suggesting a higher probability of upward price trends.
DAC in upward trend: 10-day moving average broke above 50-day moving average on September 26, 2024
The 10-day moving average for DAC crossed bullishly above the 50-day moving average on September 26, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DAC advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .
DAC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 284 cases where DAC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for DAC moved out of overbought territory on October 04, 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 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 14, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DAC as a result. In of 83 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 DAC turned negative on October 14, 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
DAC moved below its 50-day moving average on October 28, 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 DAC 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 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 67, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (0.512) is normal, around the industry mean (2.424). P/E Ratio (2.954) is within average values for comparable stocks, (24.917). Dividend Yield (0.037) settles around the average of (0.069) among similar stocks. P/S Ratio (1.718) is also within normal values, averaging (2.175).
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.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DAC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to 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.
Notable companies
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 provider of marine and seaborne transportation services
Industry MarineShipping