Surging Success: Tobacco Industry Gains 4.31% in a Week, Propelling Key Tickers like $XXII, $GNLN, $RLX, $KAVL, and $HPCO
The Tobacco industry has demonstrated a remarkable upswing in its performance over the past week, with a significant increase of +4.31%. This positive momentum is reflected across a group of prominent tickers within the industry, including $XXII, $GNLN, $RLX, $KAVL, and $HPCO.
Positive Outlook Supported by Key Indicators
Today, stocks within the Tobacco industry group are presenting a Positive Outlook, backed by the 15 Indicator Stock Fear & Greed Index. This indicator highlights the optimism surrounding these stocks and their potential for growth. Tickeron, a leading predictive analytics platform, projects a further increase of more than 4.00% within the next month for this group, with a likelihood of 35%. This bullish sentiment is reinforced by the recent daily ratio of advancing to declining volumes, which stood at 1 to 1.09 over the last month.
Diverse Range of Tickers and Market Cap
The Tobacco industry encompasses a range of activities including growth, preparation for sale, advertisement, and distribution of tobacco-related products such as cigarettes. Major players in this sector include Philip Morris International Inc., Altria Group Inc., and British American Tobacco plc. With an average market capitalization of 18.1B across the industry, tickers in the group span from 160.4K to 148.8B in market cap. Notably, PM holds the highest valuation within this group at 148.8B, while VHUB is the lowest valued company at 160.4K.
Price Movement Highlights
Despite some market challenges, the average weekly price growth across all Tobacco industry stocks was -0.78%. Over the same period, the average monthly price growth and average quarterly price growth were -6.47% and -24.35%, respectively. HPCO stood out with the highest price growth of 20.88%, while XXII experienced a notable fall of -23.47%.
Ticker Insights: RLX and KAVL
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RLX in Upward Trend: RLX has recently broken its lower Bollinger Band, signaling a potential upward movement in its price. Historically, when RLX's price broke its lower Bollinger Band, its price rose in 19 out of 23 cases over the following month, suggesting an 83% chance of a continued upward trend. The current price of $1.57 is positioned between the $1.93 resistance and $1.41 support lines, having crossed the $1.41 support line. Despite experiencing a -7% Downtrend throughout the month of 07/28/23 - 08/29/23, the week of 08/22/23 - 08/29/23 showcased a +3% Uptrend.
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KAVL's MACD Histogram Momentum: KAVL's Moving Average Convergence Divergence (MACD) Histogram turned positive on August 23, 2023. Drawing from historical instances, KAVL's stock continued to rise in 38 out of 43 cases following a positive MACD crossover, suggesting an 88% probability of sustained upward movement. Currently priced at $0.64, the stock is trading between the $0.73 resistance and $0.21 support lines, having crossed the $0.73 resistance line. During the month of 07/28/23 - 08/29/23, the stock experienced a +5% Uptrend, with a remarkable +48% Uptrend growth in the week of 08/22/23 - 08/29/23.
The Tobacco industry and its associated tickers have showcased commendable resilience and positive performance, despite broader market fluctuations. RLX and KAVL are two standout tickers within the industry, each exhibiting distinct positive trends backed by technical indicators and historical patterns. As investors evaluate their options, these insights could provide valuable guidance for making informed decisions in the evolving landscape of the tobacco market.
Momentum Indicator for GNLN turns negative, indicating new downward trend
GNLN saw its Momentum Indicator move below the 0 level on September 15, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 77 similar instances where the indicator turned negative. In of the 77 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
GNLN moved below its 50-day moving average on September 06, 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 GNLN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for GNLN entered a downward trend on September 01, 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.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GNLN's RSI Oscillator exited the oversold zone, of 46 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GNLN advanced for three days, in of 187 cases, the price rose further within the following month. The odds of a continued upward trend are .
GNLN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (0.027) is normal, around the industry mean (60.273). P/E Ratio (0.051) is within average values for comparable stocks, (17.163). GNLN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (5.308). GNLN's Dividend Yield (0.000) is considerably lower than the industry average of (0.062). P/S Ratio (0.010) is also within normal values, averaging (40.770).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GNLN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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. GNLN’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 87, 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 company which engages indistribution and online retails of vaporization products & consumption accessories
Industry Tobacco
GNLN and
Correlation & Price change
A.I.dvisor tells us that GNLN and KAVL have been poorly correlated (+15% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that GNLN and KAVL's prices will move in lockstep.
| Ticker / NAME | Correlation To GNLN | 1D Price Change % | ||
|---|---|---|---|---|
| GNLN | 100% | +0.31% | ||
| KAVL - GNLN | 15% Poorly correlated | -6.62% | ||
| RLX - GNLN | 15% Poorly correlated | +3.52% | ||
| TPB - GNLN | 13% Poorly correlated | +0.93% | ||
| BTI - GNLN | 10% Poorly correlated | +0.39% | ||
| XXII - GNLN | 8% Poorly correlated | -6.50% | ||
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