The Building Products Industry ($AEHL, $APT, $PPIH, $VIEW, $ILAG) surged by +7.71% last month.
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
Group of Tickers: $AEHL, $APT, $PPIH, $VIEW, $ILAG
Notable Developments:
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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.
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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.
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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.
Industry Description:
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.
Market Capitalization:
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:
- Weekly price growth across all stocks in the industry averaged -0.88%.
- Monthly price growth averaged -3.34%.
- Quarterly price growth averaged 3.86%.
- APT experienced the highest price growth at 9.9%, while AEHL faced a substantial fall of -30.13%.
Volume Analysis:
- Weekly volume growth averaged -18.05%.
- Monthly volume growth averaged -18.53%.
- Quarterly volume growth averaged 14.66%.
- Notably, there were instances of significant volume spikes:
- Antelope Enterprise Holdings experienced a record-breaking daily growth of 695% of the 65-Day Volume Moving Average on 8/26/23.
- View's volume grew by 376% of the 65-Day Volume Moving Average on 8/1/23.
Individual Ticker Analysis:
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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.
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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.
Momentum Indicator for AEHL turns negative, indicating new downward trend
AEHL saw its Momentum Indicator move below the 0 level on August 22, 2024. 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 .
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 manufacturer and seller of ceramics tiles
Industry BuildingProducts