SNDL records a 3.64% increase supported by the trader robot's strategies.
The "Swing trader: Top High-Volatility Stocks v.2 (TA)" bot, which achieved a remarkable +3.64% gain while trading SNDL over the previous week. In this article, we will delve into the earnings results and analyze the performance of the Beverages: Alcoholic Industry, shedding light on notable market trends and price movements.
Market Cap Insights: The Beverages:
Alcoholic Industry showcases a diverse range of market capitalizations, with an average of 18.38 billion dollars. Within this industry group, the valuation of companies varies significantly, ranging from 2.66 thousand dollars to a staggering 19.33 trillion dollars. PBGDF currently holds the highest market cap in this group, standing at 19.33 trillion dollars. On the other end of the spectrum, WBEVQ is the lowest-valued company, with a market cap of 2.66 thousand dollars.
High and Low Price Notable News:
Examining the price movements in the Beverages: Alcoholic Industry, we observe interesting trends. Over the course of a week, the average weekly price growth across all stocks in this industry was -1%. Looking at a monthly timeframe, the average price growth increased to 1%. However, on a quarterly basis, the industry experienced a decline with an average price growth of -3%. Notably, ROYUF emerged as the top performer with a remarkable price growth of 30%, while VINE faced the most significant fall at -32%.
Volume Analysis:
Analyzing the trading volume within the Beverages: Alcoholic Industry, we uncover intriguing insights. Weekly volume growth across all stocks in this industry demonstrated a notable decline, averaging at -75%. However, on a monthly basis, the average volume growth rebounded slightly, showing an increase of 5%. On a broader quarterly perspective, the average volume growth declined by -34%.
Earnings Report and Market Capitalization:
The most recent earnings report, released on May 15, revealed that the company behind SNDL reported earnings per share of -14 cents, missing the estimate of 0 cents. With 4.11 million shares outstanding, the current market capitalization of SNDL stands at 382.58 million dollars.
Summary:
The utilization of AI trading bots, exemplified by the success of the "Swing trader: Top High-Volatility Stocks v.2 (TA)" bot, has proven to be a lucrative strategy in the ever-evolving world of trading. While analyzing the Beverages: Alcoholic Industry, we observed varying market capitalizations, with PBGDF holding the highest valuation and WBEVQ being the lowest valued company. The industry's price movements displayed mixed results, with ROYUF experiencing notable growth and VINE facing a significant decline. Additionally, trading volumes exhibited a decline on a weekly and quarterly basis, but showed a slight recovery on a monthly level.
Momentum Indicator for SNDL turns positive, indicating new upward trend
SNDL saw its Momentum Indicator move above the 0 level on October 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for SNDL just turned positive on October 15, 2024. Looking at past instances where SNDL's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
SNDL moved above its 50-day moving average on October 22, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SNDL crossed bullishly above the 50-day moving average on October 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNDL advanced for three days, in of 197 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNDL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SNDL broke above its upper Bollinger Band on October 22, 2024. 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 SNDL entered a downward trend on October 21, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SNDL’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 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 (0.578) is normal, around the industry mean (3.922). P/E Ratio (3.536) is within average values for comparable stocks, (28.956). SNDL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (2.099). SNDL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (0.760) is also within normal values, averaging (6.048).
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.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SNDL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
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 producer, distributer, and seller of cannabis
Industry BeveragesAlcoholic