$SHOP, $NTES, $UBER, $ORCL, $CRM, and others experienced more pronounced declines than the market last week.
Stocks of companies in the @Packaged Software industry continued their decline last week, with an average drop of 3-4%. Over the span of two weeks, the decrease amounted to approximately 10%. We recommended selling shares of these companies. Many stocks from this sector are present in this trading bot:Swing-Trader-2-5K-per-position-High-Volatility-Stocks-for-Active-Trading-TA-FA
Notable Companies Some of the most notable companies in this group are Microsoft Corp (NASDAQ: MSFT), Oracle Corp (NYSE: ORCL), Adobe (NASDAQ: ADBE), Salesforce (NYSE: CRM), Intuit (NASDAQ: INTU), ServiceNow (NYSE: NOW), Uber Technologies (NYSE: UBER), Activision Blizzard (NASDAQ: ATVI), Shopify (NYSE: SHOP), and NetEase (NASDAQ: NTES).
Industry Description The packaged software industry involves bundling multiple software programs together and selling them as a group. For instance, Microsoft Office includes applications like Excel, Word, and PowerPoint. Purchasing a bundled product often proves more cost-effective than buying each component individually. Major American packaged software makers include Microsoft Corporation, Oracle Corp., and Adobe.
Market Cap The average market capitalization across the Packaged Software Industry stands at $8.1 billion. Market caps for tickers in this group range from $291 million to $2.4 trillion. MSFT holds the highest valuation in this group at $2.4 trillion, while the lowest valued company is BLGI at $291 million.
6/16/23 7:02 AM: Oracle (ORCL, $126.55) witnessed a $51.5 billion market cap increase this week.
High and Low Price Notable News The average weekly price growth across all stocks in the Packaged Software Industry was -2.16%. Meanwhile, the average monthly price growth was -3.09%, and the average quarterly price growth was -2.29%. DTRK experienced the highest price growth at 74.91%, whereas SHIFF experienced the largest fall at -75%.
8/5/23 7:02 AM: Uber Technologies (UBER, $45.2) was among the top losers this week, with a decline of -6.11%. 8/4/23 7:48 AM: Shopify (SHOP, $59.04) was also a top loser this week, experiencing a decline of -7.69%. A downtrend reversal is anticipated. 7/27/23 5:19 PM: Shopify (SHOP, $64.68) saw a decline of -5.2% this week, and a downtrend reversal is expected.
Volume The average weekly volume growth across all stocks in the Packaged Software Industry was -19.25%. Similarly, the average monthly volume growth was -23.48%, and the average quarterly volume growth was -22.55%.
6/14/23 8:18 AM: Oracle stock's volume increased for a single day, leading to a record-breaking daily growth of 348% compared to the 65-Day Volume Moving Average.
Fundamental Analysis Ratings The average fundamental analysis ratings, on a scale of 1 (best) to 100 (worst), are as follows:
Valuation Rating: 52 P/E Growth Rating: 73 Price Growth Rating: 61 SMR Rating: 83 Profit Risk Rating: 89 Seasonality Score: -12 (-100 to +100)
SHOP: MACD Histogram Crosses Below Signal Line On July 21, 2023, SHOP's Moving Average Convergence Divergence Histogram (MACD) turned negative, indicating a bearish signal that suggests potential stock decline. Tickeron's A.I.dvisor analyzed 51 instances of such a negative indicator shift, with 42 out of 51 cases resulting in subsequent stock drops. This implies an 82% chance of a downward move.
Current price: $55.27 (above the highest support line of $50.55) During 07/12/23 - 08/11/23, the stock experienced a -16% downtrend. In the week of 08/04/23 - 08/11/23, the stock fell by -5%.
UBER: Shift to Downward Trend with 50-day Moving Average Break On August 11, 2023, UBER moved below its 50-day Moving Average, indicating a shift from an upward to a downward trend. In 33 out of 39 similar past instances, the stock price decreased further within the following month, suggesting an 85% chance of a continued downward trend.
During 07/12/23 - 08/11/23, the stock experienced a -2% downtrend. In the week of 08/04/23 - 08/11/23, the stock fell by -3%.
NTES: RSI Oscillator Signals Potential Downward Shift The 10-day RSI Oscillator for NTES moved out of the overbought zone on August 02, 2023, indicating a possible shift from an upward to a downward trend. Tickeron's A.I.dvisor observed 28 instances of the indicator moving out of the overbought zone, with 20 out of 28 cases leading to lower stock prices in the subsequent days, implying a 71% chance of a downward move.
Current price: $103.06 (above the highest support line of $89.12) During 07/12/23 - 08/11/23, the stock experienced a +0.25% uptrend, but the week of 08/04/23 - 08/11/23 showed a -5% downtrend.
ORCL: 10-day Moving Average Crosses Below 50-day Moving Average On August 10, 2023, ORCL's 10-day Moving Average crossed below the 50-day moving average, indicating a lower trend and a potential sell signal. Historically, in 8 out of 15 instances of this crossover, the stock continued to move higher over the following month, giving a 53% chance of a continued downward trend.
Current price: $113.07 (above the highest resistance line of $94.28) During 07/12/23 - 08/11/23, the stock experienced a -3% downtrend. In the week of 08/04/23 - 08/11/23, the stock fell by -1%.
CRM: Price Expected to Rise After Breaking Lower Bollinger Band On August 08, 2023, CRM broke its lower Bollinger Band, suggesting a potential upward trend. Tickeron's A.I.dvisor found that in 30 out of 36 similar cases, the price rose further in the following month, indicating an 83% chance of a continued upward trend.
During 07/12/23 - 08/11/23, the stock experienced an -8% downtrend. In the week of 08/04/23 - 08/11/23, the stock fell by -3%.
SHOP's RSI Oscillator leaves overbought zone
The 10-day RSI Indicator for SHOP moved out of overbought territory on December 09, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 instances where the indicator moved out of the overbought zone. In of the 38 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SHOP as a result. In of 89 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 SHOP turned negative on December 09, 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SHOP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where SHOP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 SHOP advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
SHOP 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 242 cases where SHOP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SHOP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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: P/B Ratio (11.099) is normal, around the industry mean (31.078). P/E Ratio (781.900) is within average values for comparable stocks, (160.694). Projected Growth (PEG Ratio) (1.291) is also within normal values, averaging (2.755). Dividend Yield (0.000) settles around the average of (0.084) among similar stocks. P/S Ratio (14.347) is also within normal values, averaging (58.228).
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
an operator of eCommerce website that allows customers to sell online by providing software to create an online store
Industry PackagedSoftware