Robots for this industry :
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The Pulp & Paper industry has been making remarkable strides, recording an impressive +5% surge in performance over the past week. This positive momentum has been underscored by several factors, showcasing a potential avenue for investors seeking growth opportunities. Within this dynamic landscape, let's delve into three important themes shaping this industry and examine the key tickers that stand out.
1. Positive Outlook Backed by RSI Indicator: MERC, CLW, GLT, ITP, SUZ, SLVM
The stocks in the Pulp & Paper industry are currently displaying a Positive Outlook, which is bolstered by the Relative Strength Index (RSI) Indicator. This indicator suggests that the stocks are potentially in an upward trajectory, hinting at a favorable market sentiment. The industry-wide RSI movement has caught the attention of traders and investors alike, setting the stage for potential gains.
2. Tickeron's Positive Forecast and Growth Potential: MERC, CLW, GLT, ITP, SUZ, SLVM
Tickeron, a renowned market analysis platform, has projected an optimistic outlook for the group of Pulp & Paper industry tickers. It foresees a further increase of more than 4.00% within the next month, with a probability of 75%. This kind of prediction carries weight, considering Tickeron's track record in market analysis. Moreover, the consistent trend of advancing volumes compared to declining volumes (1.16 to 1) over the past month showcases a market that's inclined toward growth.
3. Similar Positive Trend Indicated by MA50: MERC, GLT, ITP
An interesting theme emerges within the group of Pulp & Paper tickers, as three of them—MERC, GLT, and ITP—exhibit a similar positive trend based on the Moving Average 50 (MA50) indicator. This similarity underscores the collective upward movement, hinting at a robust underlying strength. The average likelihood of this positive trend among these three tickers stands at an impressive 82%, further enhancing their appeal.
Industry Overview: A Canvas of Opportunities
The Pulp & Paper industry plays a crucial role in producing essential products, ranging from books and magazines to packaging materials. With major players like Domtar Corporation, Schweitzer-Mauduit International, Inc., and Neenah Inc., the industry's diversity in offerings reflects a broad market demand.
Market Cap Variation: Diverse Valuations within the Group
While the average market capitalization in the Pulp & Paper industry is around 4.6B, the tickers in this group exhibit a wide range of valuations. Notably, UPMMY holds the highest valuation at 17.7B, underscoring its prominence, while ITP takes the position of the lowest valued company at 4.6M.
Price Performance: Highlights and Lows
The weekly price growth across the industry showcases a consistent positive trajectory with an average growth of 1.02%. While the monthly and quarterly price growth reveals fluctuations, individual tickers like GLT have experienced substantial growth at 14%, underscoring the dynamic nature of the market. On the flip side, NDGPF faced a notable fall of -9.09%.
Volume Insights: A Peek into Trading Activities
Trading volumes within the Pulp & Paper industry offer intriguing insights. Despite an average weekly volume growth decline of -34.7%, the quarterly volume growth indicates a negative trend of -24.99%. Nevertheless, notable surges in trading volume, such as Glatfelter's record-breaking growth of 376% over the 65-Day Volume Moving Average, highlight moments of intensified investor interest.
The Pulp & Paper industry has exhibited robust growth potential, fueled by positive indicators like RSI, Tickeron's forecasts, and the collective upward trends indicated by MA50.
MERC moved above its 50-day moving average on September 20, 2023 date and that indicates a change from a downward trend to an upward trend. In of 49 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where MERC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on September 20, 2023. You may want to consider a long position or call options on MERC as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 MERC advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
MERC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Moving Average Convergence Divergence Histogram (MACD) for MERC turned negative on September 07, 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for MERC crossed bearishly below the 50-day moving average on September 14, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MERC 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 Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 undervalued 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 (0.778) is normal, around the industry mean (1.261). P/E Ratio (4.376) is within average values for comparable stocks, (10.981). Projected Growth (PEG Ratio) (2.294) is also within normal values, averaging (1.473). Dividend Yield (0.035) settles around the average of (0.045) among similar stocks. P/S Ratio (0.263) is also within normal values, averaging (0.759).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. MERC’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. MERC’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 91, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of pulp
A.I.dvisor indicates that over the last year, MERC has been loosely correlated with SLVM. These tickers have moved in lockstep 35% of the time. This A.I.-generated data suggests there is some statistical probability that if MERC jumps, then SLVM could also see price increases.