Software Industry Stocks($MANH, $ADBE, $CRM...): A Glimpse into the Recent 4.48% Average Gain
The digital age has witnessed the rise of the software industry, particularly the software as a service (SaaS) sector. These companies, often referred to as application software companies, offer specialized software solutions catering to specific customer needs. For instance, Rosetta Stone aids in language learning, while Workday streamlines business functions. These software companies, part of the broader tech sector, often outperform the market during economic booms.
Tickers in Industry - $MANH, $ADBE, $CRM, $TYL, $MODN, $WDAY, $PANW, $PAYC, $PCTY, $QTWO, $RNG, $VEEV, $CDAY
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Notable Companies
Prominent players in this sector include Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM), Palo Alto Networks (NASDAQ:PANW), and Workday (NASDAQ:WDAY).
Market Capitalization
The software industry's average market capitalization stands at $55.8B. Tickers in this group vary widely, with PDD boasting the highest valuation at $255.4B and MODN at the lower end with $1B.
Price Movements
Over the past week, the average price growth for these stocks was -1.03%. However, the monthly average saw a rise of 5.26%, with the quarterly growth reaching an impressive 23.56%. Notably, PANW led the pack with a 2.48% price growth, while QTWO lagged behind with a decline of -5.26%.
Volume Insights
Volume dynamics reveal a weekly average growth of -20.37% across the stocks. Monthly and quarterly averages stood at -22.32% and -39.23%, respectively. Remarkably, on June 17, 2023, Palo Alto Networks stock witnessed a staggering 503% growth, surpassing its 65-Day Volume Moving Average.
Fundamental Analysis Ratings
A comprehensive analysis of the industry's fundamentals is crucial for investors. The average ratings, ranked between 1 (best) and 100 (worst), provide insights into the industry's health and potential.
The software industry, especially the SaaS sector, continues to be a pivotal player in the tech world. With a recent average gain of 4.48%, it remains an area of interest for investors looking for growth opportunities.
MANH : On August 29, 2023, MANH surpassed its upper Bollinger Band, potentially indicating an impending price correction towards the middle band. Investors might contemplate offloading the stock or considering put options. Historical data from A.I.dvisor reveals that in 26 out of 41 comparable scenarios, the stock experienced a decline post such a breach. This suggests a 63% likelihood of a downward movement.
ADBE : On August 29, 2023, ADBE's Aroon Indicator signaled a potential bearish trend. The AroonDown red line surpassed 70, while the AroonUp green line remained below 30 for three consecutive days. This pattern, identified by Tickeron's A.I.dvisor, suggests that ADBE might be gearing up for a significant decline. Investors might think about divesting or considering put options. Historical analysis reveals that out of 169 similar patterns, the stock decreased in 109 instances, indicating a 64% probability of a further dip.
CRM : On August 28, 2023, CRM's Moving Average Convergence Divergence (MACD) signaled a bullish crossover. Historical data indicates that when CRM's MACD has previously crossed above the signal line, the stock has seen an upward trajectory in 40 out of 48 instances in the subsequent month. This suggests an 83% likelihood of the stock maintaining its upward momentum.
MANH in upward trend: price may jump up because it broke its lower Bollinger Band on September 21, 2023
MANH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 29 cases where MANH's price broke its lower Bollinger Band, its price rose further in 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.
The 10-day moving average for MANH crossed bullishly above the 50-day moving average on August 31, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 MANH advanced for three days, in of 386 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 306 cases where MANH 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 MANH moved out of overbought territory on August 31, 2023. 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 37 similar instances where the indicator moved out of overbought territory. In of the 37 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 September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MANH as a result. In of 95 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 MANH turned negative on September 21, 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 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
MANH moved below its 50-day moving average on September 26, 2023 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 MANH 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 90, 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MANH’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: P/B Ratio (70.423) is normal, around the industry mean (19.856). P/E Ratio (84.034) is within average values for comparable stocks, (152.778). Projected Growth (PEG Ratio) (2.076) is also within normal values, averaging (2.642). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (14.409) is also within normal values, averaging (74.113).
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 designs, builds and delivers supply chain commerce solutions
Industry PackagedSoftware
MANH and
Correlation & Price change
A.I.dvisor indicates that over the last year, MANH has been closely correlated with MSFT. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if MANH jumps, then MSFT could also see price increases.
| Ticker / NAME | Correlation To MANH | 1D Price Change % | ||
|---|---|---|---|---|
| MANH | 100% | -1.38% | ||
| MSFT - MANH | 67% Closely correlated | -1.70% | ||
| SPSC - MANH | 66% Loosely correlated | -1.60% | ||
| WDAY - MANH | 64% Loosely correlated | -1.01% | ||
| FFIV - MANH | 62% Loosely correlated | -1.84% | ||
| DT - MANH | 62% Loosely correlated | -3.16% | ||
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