The performance of the Electronics Distributors sector ($AVT, $NSIT, $CLMB) has shown a notable growth of +6.01% in the last month.
The Electronics Distributors industry has experienced a significant increase of +6,01% in its performance over the past month.
Tickers in the industry - $SNX, $ARW, $AVT, $NSIT, $CLMB, $SCSC, $CNXN, $SNPO, $IZM
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The Electronics Distributors industry has recently showcased a remarkable performance surge of +6.01% over the past month, signifying a period of growth and potential for investors. This article delves into the positive outlook and potential opportunities within this dynamic industry, focusing on key tickers and indicators that underscore its current trajectory.
Positive Outlook Backed by Strong Indicators
The Electronics Distributors industry is currently shining with a positive outlook, as indicated by the Stock Fear & Greed Index, which highlights favorable sentiments within the market. Furthermore, Tickeron, a reputable forecasting platform, predicts an additional increase of more than 4.00% within the next month for this industry group, with a high likelihood of 75%. This prediction is underlined by a consistent ratio of advancing to declining volumes, which stood at 1.11 to 1 during the last month.
Ticking in the Right Direction: Theme and Group of Tickers
Within the Electronics Distributors industry, a group of tickers is demonstrating substantial potential. This group includes SNX, ARW, AVT, NSIT, CLMB, SCSC, CNXN, SNPO, and IZM. These tickers collectively represent companies involved in the distribution of electronic components, computer products/peripherals, and software products & services. Notably, SNX stands out with the highest valuation of 9.3B, while the lowest-valued company, OMPS, is valued at 23K.
Identifying Opportunities: Individual Ticker Insights
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AVT's RSI Oscillator Signal: AVT has recently moved out of oversold territory according to the RSI Oscillator. This suggests a shift from a downward trend to an upward trend. Historical data indicates that in similar instances, the stock moved higher in 78% of cases. AVT's current price at $49.48 has crossed the resistance line at $48.49 and is trading within $51.82 support and $48.49 resistance lines. An uptrend of +3% was experienced from 07/26/23 to 08/25/23, with an additional +2% growth during the week of 08/18/23 - 08/25/23.
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NSIT's Bollinger Band Breakout: NSIT's price broke its lower Bollinger Band on August 03, 2023, suggesting the potential for a price rebound. In 79% of cases where this occurred, the stock's price rose further in the following month. With the current price at $152.60 above the highest support line at $134.59, NSIT exhibited an uptrend of +3% from 07/26/23 to 08/25/23, accompanied by +2% growth in the week of 08/18/23 - 08/25/23.
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CLMB's Positive MACD Histogram: The Moving Average Convergence Divergence (MACD) for CLMB turned positive on August 18, 2023. Historical data suggests that in 78% of cases where this happened, the stock continued to rise in the following month. Presently priced at $41.77, CLMB is trading between $43.91 resistance and $37.05 support lines. Despite experiencing a -17% downtrend from 07/26/23 to 08/25/23, the stock saw a marginal -2% fall in the week of 08/18/23 - 08/25/23.
Industry Overview and Outlook
The Electronics Distributors industry plays a pivotal role in distributing electronic components, computer products, peripherals, and software products/services. With a positive trajectory and favorable indicators, this industry is showing potential for growth. While specific tickers demonstrate individual characteristics, the overall industry outlook is promising. The Electronics Distributors industry has exhibited impressive growth recently, with key tickers displaying favorable indicators for potential further growth.
AVT's RSI Indicator peaks and leaves overbought zone
The 10-day RSI Indicator for AVT moved out of overbought territory on September 05, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 instances where the indicator moved out of the overbought zone. In of the 33 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AVT as a result. In of 86 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 AVT 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
AVT moved below its 50-day moving average on September 20, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for AVT crossed bearishly below the 50-day moving average on September 20, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 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 AVT 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 AVT entered a downward trend on August 22, 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVT advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AVT’s price grows at a higher 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 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 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 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 (0.924) is normal, around the industry mean (1.828). P/E Ratio (5.811) is within average values for comparable stocks, (13.561). AVT's Projected Growth (PEG Ratio) (2.445) is slightly higher than the industry average of (1.205). Dividend Yield (0.025) settles around the average of (0.544) among similar stocks. P/S Ratio (0.169) is also within normal values, averaging (0.536).
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. AVT’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 51, placing this stock worse than average.
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 distributor of electronic components, enterprise computing and storage products, and embedded subsystems
Industry ElectronicsDistributors
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| SDOW | 23.92 | 0.16 | +0.67% |
| ProShares UltraPro Short Dow30 | |||
| MSD | 6.69 | -0.02 | -0.30% |
| Morgan Stanley Emerging Markets Debt Fund | |||
| APRZ | 28.62 | -0.19 | -0.67% |
| TrueShares Structured Outcome April ETF | |||
| ROMO | 25.50 | -0.21 | -0.80% |
| Strategy Shares Nwfnd/RSlv Rbt Mmt ETF | |||
| XT | 53.15 | -0.45 | -0.84% |
| iShares Exponential Technologies ETF | |||
AVT and
Correlation & Price change
A.I.dvisor indicates that over the last year, AVT has been closely correlated with ARW. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if AVT jumps, then ARW could also see price increases.
| Ticker / NAME | Correlation To AVT | 1D Price Change % | ||
|---|---|---|---|---|
| AVT | 100% | -0.56% | ||
| ARW - AVT | 81% Closely correlated | +0.28% | ||
| SNX - AVT | 74% Closely correlated | +0.75% | ||
| SCSC - AVT | 53% Loosely correlated | -1.02% | ||
| NSIT - AVT | 48% Loosely correlated | +0.46% | ||
| SNPO - AVT | 35% Loosely correlated | -1.00% | ||
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