Semiconductor stocks like $NVDA, $AVGO, $AMD, $AMAT, $LRCX, $KLAC, and $MU soared up to 7% yesterday, propping up all indices.
Yesterday, the market closed with a modest gain, driven primarily by semiconductor sector stocks, which saw increases ranging from 1 to 7%. It's possible that today the upward momentum will be picked up by stocks from other sectors. For more signals on stocks, you can subscribe to our robots: Swing-Trader-3K-per-position-Medium-Volatility-Stocks-for-Active-Trading-TA-FA.
Notable Companies: Key companies in this industry include NVIDIA Corp (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM), Broadcom (NASDAQ: AVGO), Advanced Micro Devices (NASDAQ: AMD), Texas Instruments (NASDAQ: TXN), Intel Corp (NASDAQ: INTC), Applied Materials (NASDAQ: AMAT), QUALCOMM (NASDAQ: QCOM), Analog Devices (NASDAQ: ADI), and Lam Research Corp (NASDAQ: LRCX).
Industry Description: The semiconductor industry manufactures a wide range of chip-related products, including research and development. These chips are essential components in numerous electronic devices, such as computers, cell phones, smartphones, and GPS devices. Major players in this industry include Intel Corporation, NVIDIA Corp., and Broadcom. Semiconductor companies typically thrive during periods of robust economic growth, fostering further research and development in the sector, which, in turn, promotes productivity and economic expansion. In the near future, the demand for semiconductor products and potential innovations within the segment are expected to expand further, driven by the proliferation of 5G technology, autonomous vehicles, IoT devices, and various AI-driven electronics. This marks an exciting chapter in the technology-driven world. With increasing prospects comes significant competition. In 2015, SIA estimated that the U.S. semiconductor industry ranked as the second most competitive U.S. industry out of 2,882 U.S. industries designated as manufacturers by the U.S. Census Bureau.
Market Cap: The average market capitalization within the Semiconductors Industry is $28.4 billion, with market caps for companies in the group ranging from $13.4 thousand to $1.1 trillion. NVDA holds the highest valuation in this group at $1.1 trillion, while CYBL is the lowest valued company with a market capitalization of $13.4 thousand.
High and Low Price Notable News: The average weekly price growth across all stocks in the Semiconductors Industry was -3.46%. Over the same period, the average monthly price growth was -5.45%, and the average quarterly price growth was 6.83%. NVDA experienced the highest price growth at 7.35%, while EMKR experienced the largest decline at -36.03%.
Volume Trends: The average weekly volume growth across all stocks in the Semiconductors Industry was -6.94%. On a monthly basis, these stocks saw an average volume decline of -39.37%, while on a quarterly basis, the average volume growth was -7.84%.
Fundamental Analysis Ratings: The average fundamental analysis ratings, on a scale where 1 is the best and 100 is the worst, are as follows:
- Valuation Rating: 56
- P/E Growth Rating: 50
- Price Growth Rating: 53
- SMR Rating (Stock Market Rating): 63
- Profit Risk Rating: 61
- Seasonality Score: -24 (Scale: -100 to +100)
These ratings provide insights into various aspects of the companies' financial performance, market perception, and risk assessment.
NVDA: NVDA is in an upward trend as it moved above its 50-day Moving Average on August 21, 2023, suggesting an 88% chance of continued upward movement.
AVGO: AVGO's Aroon Indicator indicates a potential bullish move as the AroonUp green line is above 70 while the AroonDown red line is below 30, with a 78% probability of an upward move.
AMD: AMD's Momentum Indicator turned negative on August 10, 2023, indicating a potential new downward trend with a 77% chance of decline.
AMAT: AMAT is in an upward trend as it crossed above its 50-day Moving Average on August 18, 2023, with an 81% probability of continued upward movement.
LRCX: LRCX's Stochastic Oscillator has been in the oversold zone for 6 days, suggesting a potential upcoming uptrend.
NVDA in +1.58% Uptrend, advancing for three consecutive days on September 14, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NVDA advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator demonstrates 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.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDA as a result. In of 78 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 NVDA turned negative on September 07, 2023. 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
NVDA moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for NVDA crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 NVDA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NVDA broke above its upper Bollinger Band on August 21, 2023. 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 NVDA entered a downward trend on August 21, 2023. 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)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 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 63, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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. NVDA’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 significantly overvalued 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: NVDA's P/B Ratio (37.313) is slightly higher than the industry average of (7.929). P/E Ratio (101.010) is within average values for comparable stocks, (53.587). Projected Growth (PEG Ratio) (1.318) is also within normal values, averaging (2.336). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (31.746) is also within normal values, averaging (72.527).
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 manufacturer of computer graphics processors, chipsets, and related multimedia software
Industry Semiconductors
NVDA and
Correlation & Price change
A.I.dvisor indicates that over the last year, NVDA has been closely correlated with AMD. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if NVDA jumps, then AMD could also see price increases.
| Ticker / NAME | Correlation To NVDA | 1D Price Change % | ||
|---|---|---|---|---|
| NVDA | 100% | +1.47% | ||
| AMD - NVDA | 82% Closely correlated | +1.23% | ||
| AOSL - NVDA | 78% Closely correlated | -0.64% | ||
| ASML - NVDA | 77% Closely correlated | -0.17% | ||
| MPWR - NVDA | 75% Closely correlated | +0.86% | ||
| MRVL - NVDA | 73% Closely correlated | +0.63% | ||
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