The performance of the Food Retail Industry ($KR, $WMK, $NGVC, $SFM, $GO) has seen a notable rise of +10.26% in the last month.
The Food Retail Industry has experienced a significant increase of +10,26% in its performance over the past month.
Tickers in the industry - $KR, $IMKTA, $VLGEA, $WMK, $NGVC, $SFM, $GO, $ACI, $ASAI, $MF, $DDL, $DNUT
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The Food Retail Industry has recently witnessed a remarkable surge of +10.26% in its performance over the past month, making it a focal point for investors and analysts. This article delves into the industry's recent developments, focusing on key tickers and their trends within this sector.
Key Tickers in the Industry
A cluster of tickers defines the Food Retail Industry's current landscape, including KR, WMK, NGVC, SFM, GO, ACI, ASAI, MF, DDL, and DNUT. These tickers constitute the heart of this bustling sector, reflecting the diverse range of players contributing to the industry's dynamics.
Market Capitalization Snapshot
The Food Retail Industry boasts an average market capitalization of $10.5 billion, signifying the substantial scale of businesses operating within it. Among the tickers, market capitalization spans from $30.4 thousand to $37 billion. Notably, SVNDY commands the highest valuation at $37 billion, while QKLS stands as the lowest valued company at $30.4 thousand.
Price Movements and Notable News
Weekly price growth across all Food Retail Industry stocks averaged -1.04%. However, monthly growth saw a more favorable trajectory, averaging 1.51%. The quarterly average experienced a decline of -1.45%. CGUSY emerged as a standout with a remarkable price growth of 13.38%, whereas MF faced a substantial fall of -34.86%.
Recent notable events include Missfresh (MF) experiencing a significant -32.95% weekly loss, serving as a cautionary signal, while Krispy Kreme (DNUT) showcased an impressive +16.13% weekly gain. Additionally, Krispy Kreme (DNUT) garnered attention with an 8.04% weekly jump, reflecting the dynamic nature of these stocks.
Volume Trends
Weekly volume growth across all Food Retail Industry stocks averaged at -10.6%. Conversely, monthly volume growth averaged 3.27%, though the quarterly average displayed a notable decline of -19.2%. Volume surges were observed in stocks like Missfresh and Albertsons Companies, resulting in record-breaking daily growth percentages relative to the 65-Day Volume Moving Average.
Ticker Analysis: KR, NGVC, ASAI
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KR (Kroger Co.) - Upward Trend Opportunity
KR has displayed a promising trend, breaking its lower Bollinger Band on August 16, 2023. This suggests a potential for its price to ascend, possibly moving toward the middle band. Historical data indicates that in 29 out of 38 cases where KR's price broke its lower Bollinger Band, its price further rose in the following month, with a 76% likelihood. Current price at $47.40 indicates a trading range between $53.27 and $45.57 resistance lines. Recent trends highlight a +2% uptrend for the month and a -2% downtrend for the week of 08/11/23 - 08/18/23. -
NGVC (Natural Grocers by Vitamin Cottage, Inc.) - Short-term Decline
NGVC has undergone a -0.39% downward trend, declining for three consecutive days starting August 18, 2023. This trend signals a potential bearish direction. Historical data reveals that in 236 out of 300 cases where NGVC declined for three days, its price continued to decline within the following month, with a probability of 79%. The stock currently trades at $13.70, above the $13.08 highest resistance line identified. The month of 07/19/23 - 08/18/23 witnessed a -0.23% downtrend, with the stock falling by -2% during the week of 08/11/23 - 08/18/23. -
ASAI (Sendas Distribuidora S.A.) - Short-term Decline
ASAI has also experienced a -1.06% downward trend, declining for three consecutive days from August 17, 2023. This trend signals a bearish direction. Historical data suggests that in 124 out of 149 cases where ASAI declined for three days, its price further decreased within the following month, with an 83% likelihood. The current price of $13.25 falls below the $17.89 lowest support line. Notably, the month of 07/19/23 - 08/18/23 exhibited a +7% uptrend, while the week of 08/11/23 - 08/18/23 displayed a -2% downtrend.
Summary
The Food Retail Industry's recent surge of +10.26% underscores its dynamic nature and allure for investors. Exploring key tickers like KR, NGVC, and ASAI provides valuable insights into various market trends. Understanding the potential for upward or downward movements in these tickers can help investors navigate the evolving landscape of the Food Retail Industry.
KR in upward trend: price expected to rise as it breaks its lower Bollinger Band on September 05, 2023
KR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where KR's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where KR's RSI Indicator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that 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 54 cases where KR'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 Moving Average Convergence Divergence (MACD) for KR just turned positive on September 15, 2023. Looking at past instances where KR's MACD turned positive, the stock continued to rise in of 53 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 KR advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on KR as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
KR moved below its 50-day moving average on August 22, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for KR crossed bearishly below the 50-day moving average on August 25, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 KR 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 KR entered a downward trend on September 19, 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.
Fundamental Analysis (Ratings)
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 (3.056) is normal, around the industry mean (4.323). P/E Ratio (20.161) is within average values for comparable stocks, (27.953). Projected Growth (PEG Ratio) (1.614) is also within normal values, averaging (2.729). Dividend Yield (0.024) settles around the average of (0.027) among similar stocks. P/S Ratio (0.221) is also within normal values, averaging (48.611).
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. KR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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
an operator of supermarkets and convenience stores
Industry FoodRetail
KR and
Correlation & Price change
A.I.dvisor indicates that over the last year, KR has been loosely correlated with SFM. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if KR jumps, then SFM could also see price increases.