Sea Change: $ESEA, $OSG, $MATX, $EDRY Propel Ocean Transportation Sector with Remarkable +6.25% Weekly Performance Surge
Robots for this group tickers :
Swing Trader, Long Only with Inverse: Valuation & Seasonality Model (TA&FA) - 30-day Annualized Return +109%
Swing Trader, Long Only: Valuation & Seasonality Model (TA&FA) - 30-day Annualized Return +98%
The ocean transportation sector, represented by key players such as ESEA, OSG, MATX, and EDRY, has recently experienced a noteworthy upswing, boasting a collective performance increase of +6.25% over the past week. This surge is supported by various positive indicators, presenting an optimistic outlook for investors.
Positive Outlook Backed by Volume Indicator
The current outlook for stocks in the ocean transportation sector is robust, as evidenced by the Volume Indicator. Tickeron's analysis supports this sentiment, predicting a further increase of more than 4.00% within the next month, with a high likelihood of 88%. Over the last month, the daily ratio of advancing to declining volumes was an impressive 2.74 to 1.
MACD Trends Point to Positive Trajectory
Two stocks within this group, representing ESEA and OSG, exhibit similar positive trends based on the Moving Average Convergence Divergence (MACD) indicator, with an average likelihood of 86%. This indicator suggests a positive momentum shift for these companies.
Market Capitalization Insights
The ocean transportation theme boasts an average market capitalization of 1 billion dollars. Within this theme, companies like MATX lead the group with a market cap of 3.4 billion, while EDRY represents the lower end at 50 million.
High and Low Price Fluctuations
Weekly price growth across the ocean transportation theme averaged 6.23%, with monthly and quarterly averages reaching 14.94% and 48.65%, respectively. ESEA showed the highest weekly price growth at 7.08%, while OSG experienced a notable decline of -5.89%. These fluctuations indicate both the potential for gains and the risks associated with investing in this sector.
Volume Surge Indicates Market Interest
The average weekly volume growth across all stocks in the ocean transportation theme was 42.94%, suggesting a heightened interest from investors. Specific instances, such as the consecutive increases in Matsons stock volume, emphasize a growing market appetite for these companies.
Individual Stock Analysis
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MATX: Momentum Indicates Upward Trend
- MATX has seen a positive shift in its Momentum Indicator, suggesting a potential upward trend.
- Historical data analyzed by Tickeron indicates a 79% probability of continued upward movement.
- The current price of $116.04 is above the highest resistance line, further supporting a positive outlook.
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OSG: Trend Reversal Above 50-Day Moving Average
- OSG moved above its 50-day Moving Average on December 15, 2023, signaling a shift from a downward to an upward trend.
- Historical data shows an 85% probability of a continued upward trend, despite a recent -6% downtrend during the week of 12/26/23 - 01/03/24.
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ESEA: MACD Histogram Turns Positive
- ESEA's MACD turned positive on December 19, 2023, indicating a potential uptrend.
- Historical analysis reveals a 90% probability of continued upward movement.
- With the current price at $35.72, well above the highest resistance line, the positive trajectory is reinforced.
In summary, the ocean transportation sector is currently on a favorable trajectory, with positive indicators across multiple dimensions. Investors should monitor individual stock analyses and consider the broader market dynamics when making investment decisions in this sector.
OSG in upward trend: price rose above 50-day moving average on May 01, 2024
OSG moved above its 50-day moving average on May 01, 2024 date and that indicates a change from a downward trend to an upward trend. In of 69 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 26, 2024. You may want to consider a long position or call options on OSG as a result. In of 111 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for OSG just turned positive on April 30, 2024. Looking at past instances where OSG's MACD turned positive, the stock continued to rise in of 53 cases 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 OSG advanced for three days, in of 254 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 190 cases where OSG 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 Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 10-day moving average for OSG crossed bearishly below the 50-day moving average on April 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
Fundamental Analysis (Ratings)
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 59, placing this stock better than average.
The Tickeron Valuation Rating for company is (best 1 - 100 worst), which means the company is slightly undervalued. The valuation of the company is based on a proprietary formula which takes into account a set of fundamentals and gives us an estimate of the price per share for the company. We then compare this estimate with the current price per share. As a result, this company is rated as undervalued in the industry. 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 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 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 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.
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 company which engages in the ocean transportation of crude oil and petroleum products.
Industry OilGasPipelines