The Thermals group has experienced a significant increase of +4.57% in its performance over the past week.
Robots for this group:
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Swing Trader, Long Only: Valuation & Efficiency Model (TA&FA) - 30-day Annualized Return +58%
The thermal technology sector has witnessed remarkable growth, with the Thermals group showcasing a significant increase of +4.57% in performance over the past month. This surge has caught the attention of investors and analysts alike, leading to an exploration of the theme's potential and the specific group of tickers driving this growth.
Theme Description: Pioneering the Future of Thermal Technology
The Thermal Technology theme encompasses companies that specialize in thermal analyses and the study of materials and processes related to thermal control and management. This sector also includes firms engaged in the manufacturing of equipment and components vital to thermal technology. Companies like Waters Corp., Pentair plc., and Delphi Technologies PLC are at the forefront of this innovative field.
The tickers within the Thermals group are DAN, INTT, BRKR, WAT, and PNR. These companies collectively contribute to the vibrant growth of the thermal technology sector. Let's take a closer look at the performance of each of these key players:
1. Dana Incorporated ($DAN)
DAN's RSI Oscillator recently recovered from oversold territory, signaling a potential shift from a downward trend to an upward one. Historical analysis indicates that in similar instances, the stock has moved higher in 31 out of 34 cases, suggesting strong odds of an upward movement. DAN's current price of $16.04 is trading between support lines at $17.29 and $10.55. Despite experiencing a -15% downtrend from July 27, 2023, to August 28, 2023, the week of August 21, 2023, showed a +1% uptrend.
2. inTEST Corporation ($INTT)
INTT's stock is on an upward trend after breaking its lower Bollinger Band on August 04, 2023. Historical data demonstrates that in 28 out of 32 instances where INTT's price broke its lower Bollinger Band, the price rose further in the following month, giving an 88% chance of continued upward momentum. INTT's current price of $17.36 is trading between resistance lines at $18.58 and support lines at $15.24. Despite experiencing a -20% downtrend from July 27, 2023, to August 28, 2023, the week of August 21, 2023, showed a +4% uptrend.
3. Bruker Corporation ($BRKR)
BRKR exhibited a top loser performance in the past week, declining by -6.57%. Despite this recent setback, the company remains a significant player within the thermal technology sector. BRKR's ability to rebound from short-term fluctuations will likely play a crucial role in shaping its future trajectory.
4. Waters Corporation ($WAT)
WAT's stock volume experienced a record-breaking daily growth of 214% of the 65-Day Volume Moving Average on June 17, 2023. This surge in volume indicates a heightened level of interest from investors, suggesting strong market sentiment for the company's prospects in the thermal technology sector.
5. Pentair plc ($PNR)
PNR's stock price broke its lower Bollinger Band on August 17, 2023, indicating the potential for an upward trend. Historical data reveals that in 33 out of 41 instances when PNR's price broke its lower Bollinger Band, the price rose further in the following month, providing an 80% likelihood of continued upward movement. PNR's current price of $68.55 is above the highest resistance line found by AI at $51.85.
Summary: Navigating the Thermal Technology Landscape
The thermal technology sector is witnessing an exciting phase of growth, marked by the Thermals group's impressive performance. As the industry evolves and innovates, companies like DAN, INTT, BRKR, WAT, and PNR are positioned to drive advancements in thermal control, materials, and processes. Investors should closely monitor these companies, as they exhibit potential for sustained growth and positive contributions to the ever-evolving world of thermal technology.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where DAN declined for three days, in of 299 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DAN as a result. In of 83 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 DAN turned negative on September 14, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
DAN broke above its upper Bollinger Band on September 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for DAN entered a downward trend on September 20, 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.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where DAN's RSI Indicator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 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 DAN advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 (1.332) is normal, around the industry mean (3.077). P/E Ratio (23.256) is within average values for comparable stocks, (39.402). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.666). Dividend Yield (0.027) settles around the average of (0.034) among similar stocks. P/S Ratio (0.205) is also within normal values, averaging (5.438).
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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DAN’s price grows at a higher 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. DAN’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 88, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a supplier of driveline, sealing, and thermal-management technologies
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A.I.dvisor indicates that over the last year, DAN has been closely correlated with APTV. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if DAN jumps, then APTV could also see price increases.