The Building Products industry has recently surged with an impressive performance increase of +7.71% over the past month. This article delves into the dynamics of this sector, spotlighting its notable tickers and analyzing key trends.
Theme: Building Products Industry Performance
Negative Outlook Backed by Indicators: The stocks in the Building Products group are currently facing a Negative Outlook, as indicated by the MA200MA50 Indicator and the Stock Fear & Greed Index.
Predictive Insights by Tickeron: Tickeron predicts a potential decline of over 4.00% within the next month, with a likelihood of 65%. The advancing-to-declining volumes ratio over the last month was 5.48 to 1.
RSI Indicator Signals: Two stocks within the group exhibit a negative trend based on the RSI indicator, with an average likelihood of 88%.
Notable Companies in the Industry:
Johnson Controls International plc (NYSE: JCI), Owens Corning (NYSE: OC), and Alpha Pro Tech Ltd (ASE: APT) are some of the standout companies in the Building Products sector.
The Building Products industry manufactures various products used in constructing residential and commercial buildings. This includes doors, windows, light fittings, floor coverings, climate control products, and other building components. Major players in this sector include Masco Corporation, Allegion PLC, and Lennox International Inc.
The average market capitalization for the Building Products Industry stands at 8.7B. Tickers in the group range from 14K to 59.7B in market cap. The highest-valued company is DKILY at 59.7B, while the lowest is MTWD at 14K.
Price Growth Insights:
Individual Ticker Analysis:
APT's RSI Oscillator Shift: The 10-day RSI Oscillator for APT moved out of the overbought zone on August 24, 2023, indicating a potential shift from upward to downward momentum. This might suggest traders consider selling the stock or exploring put options. Historical data shows a 90% probability of a move down after such shifts.
VIEW's Momentum Indicator: VIEW's Momentum Indicator moved below 0 on August 25, 2023, suggesting a potential new downward trend. Traders could consider selling the stock or exploring put options. Historical data indicates a 90% likelihood of decline after such an indicator shift.
The Building Products industry's recent surge is closely watched by investors. While the industry as a whole has shown growth, individual stocks exhibit varying trends, making careful analysis essential for informed investment decisions.
The Aroon Indicator for AEHL entered a downward trend on September 20, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 225 similar instances where the Aroon Indicator formed such a pattern. In of the 225 cases the stock moved lower. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on August 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AEHL as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
AEHL moved below its 50-day moving average on August 17, 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 AEHL 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 RSI Indicator shows that the ticker has stayed in the oversold zone for 17 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 20 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.
The Moving Average Convergence Divergence (MACD) for AEHL just turned positive on September 19, 2023. Looking at past instances where AEHL's MACD turned positive, the stock continued to rise in of 52 cases 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 AEHL advanced for three days, in of 251 cases, the price rose further within the following month. The odds of a continued upward trend are .
AEHL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 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 (36.765) is normal, around the industry mean (37.652). P/E Ratio (0.000) is within average values for comparable stocks, (24.185). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.190). AEHL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). AEHL's P/S Ratio (0.062) is slightly lower than the industry average of (1.621).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. AEHL’s price grows at a lower rate over the last 12 months as compared to 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. AEHL’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 71, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer and seller of ceramics tiles
A.I.dvisor tells us that AEHL and ILAG have been poorly correlated (+22% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that AEHL and ILAG's prices will move in lockstep.