Thriving Containers/Packaging Sector: $GPK $CCK $BALL $IP $MYE - Gaining +31.3% in One Month!
The global financial markets have witnessed a whirlwind of activity in recent times, with various sectors experiencing significant shifts and market movements. In this article, we will delve into the containers/packaging sector, which has seen remarkable gains of +31.3% in just one month. We will analyze a group of significant tickers in this industry, including $GEF, $GPK, $PKG, $SLGN, $AVY, $OI, $SEE, $SON, $CCK, $BALL, $IP, $TRS, $BERY, $MYE, $TUP, $WRK, $PACK, $AMCR, $REYN, $PTVE, $KRT, and $AMBP. Let's explore the industry's description, market capitalization, high and low price notable news, volume trends, and fundamental analysis ratings to gain valuable insights into the driving forces behind this sector's surge.
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Industry Description:
The containers/packaging sector encompasses companies involved in manufacturing various types of containers, such as plastic and aluminum food containers, glass bottles, metal cans, cardboard, storage and waste bags, gift wraps, and more. These companies also provide packaging services. Major markets for this sector include food-and-beverage and household products, and many businesses cater to both domestic and international customers. The performance of this industry is influenced by consumer spending habits and energy price movements, as some products rely on oil-based materials as inputs. Additionally, the thriving e-commerce market has accelerated the demand for shipping and packaging services, opening up numerous opportunities for containers and packaging businesses. Among the largest U.S. companies in this sector are Ball Corporation, International Paper Company, Amcor Plc, and Packaging Corporation of America.
Market Cap:
The average market capitalization across the containers/packaging industry is approximately 4B. Among the tickers in this group, the market cap ranges from 6.7K to 66.8B. Notably, STO holds the highest valuation at 66.8B, while EPTI stands as the lowest valued company at 6.7K.
High and Low Price Notable News:
Over the past month, the containers/packaging industry has seen impressive price growth. The average weekly price growth for all stocks in the sector was 20.73%. Additionally, the average monthly price growth reached 28.56%, and the average quarterly growth stood at 11.75%. Notably, MAYX experienced the highest price growth at an astonishing 910%, while SLGN faced the biggest fall, declining by -9.87%.
Volume:
The containers/packaging industry has witnessed significant volume growth across its stocks. On average, weekly volume growth was 50.14%, monthly volume growth was 200.69%, and quarterly volume growth was 88.16%. Several stocks in this industry have exhibited remarkable volume surges, such as TriMas and Tupperware Brands, which experienced record-breaking daily growths in their 65-Day Volume Moving Averages.
Fundamental Analysis Ratings:
The fundamental analysis ratings provide essential insights into the performance of companies in the containers/packaging sector. The average ratings for valuation, P/E growth, price growth, SMR, profit risk, and seasonality scores will be explored to give readers a comprehensive understanding of the sector's fundamentals.
Ticker Analysis:
GPK (Graphic Packaging Holding Company): GPK is currently on an upward trend, with the price expected to rise as it breaks its lower Bollinger Band on August 01, 2023. Historical data indicates that in 29 of 38 cases where GPK's price broke its lower Bollinger Band, its price rose further in the following month, with odds of a continued upward trend at 76%.
CCK (Crown Holdings Inc.): CCK exhibits a bullish signal as its 50-day Moving Average crossed above its 200-day moving average on June 26, 2023, indicating a potential long-term upward trend for the stock.
BALL (Ball Corporation): BALL's MACD Histogram crossed above the signal line on July 24, 2023, suggesting a positive momentum. Historical data indicates that in 32 of 47 cases, BALL's stock continued to rise over the following month after a similar MACD crossover, with odds of a continued upward trend at 68%.
IP (International Paper Company): IP's MACD Histogram turned positive on July 20, 2023, indicating a potential upward trend. Historical data shows that in 29 of 44 cases, the stock continued to rise over the following month after a similar MACD crossover, with odds of a continued upward trend at 66%.
MYE (Myers Industries Inc.): MYE's price rose above its 50-day moving average on August 01, 2023, suggesting a shift from a downward to an upward trend. In 33 of 41 similar past instances, the stock price increased further within the following month, with odds of a continued upward trend at 80%.
TUP (Tupperware Brands Corporation): TUP's MACD Histogram turned positive on July 21, 2023, indicating a potential upward trend. Historical data indicates that in 31 of 41 cases, the stock continued to rise over the following month after a similar MACD crossover, with odds of a continued upward trend at 76%.
WRK (WestRock Company): WRK's price rose above its 50-day moving average on July 07, 2023, signaling a shift from a downward to an upward trend. In 44 of 56 similar past instances, the stock price increased further within the following month, with odds of a continued upward trend at 79%.
The containers/packaging sector has demonstrated remarkable gains, driven by a surge in demand for shipping and packaging services in the thriving e-commerce market. Tickers like $GPK, $CCK, $BALL, $IP, $MYE, $TUP, and $WRK have shown promising trends, reflecting the positive momentum in this sector. As investors explore opportunities in this industry, it is crucial to consider the various market movements and sectoral shifts influencing each ticker's performance. Remember to conduct further research and analysis before making investment decisions in this dynamic sector.
GEF's Stochastic Oscillator is staying in oversold zone for 1 day
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
GEF moved above its 50-day moving average on October 04, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for GEF crossed bullishly above the 50-day moving average on September 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 24 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The 50-day moving average for GEF moved above the 200-day moving average on October 23, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GEF advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 231 cases where GEF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for GEF moved out of overbought territory on October 18, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GEF as a result. In of 88 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 GEF turned negative on October 24, 2024. 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 56 similar instances when the indicator turned negative. In of the 56 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GEF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GEF broke above its upper Bollinger Band on October 16, 2024. 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 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 79, placing this stock better than average.
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 (1.981) is normal, around the industry mean (2.981). P/E Ratio (11.815) is within average values for comparable stocks, (27.002). GEF's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.605). Dividend Yield (0.030) settles around the average of (0.034) among similar stocks. P/S Ratio (0.769) is also within normal values, averaging (12.621).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GEF’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 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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.
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 provider of industrial packaging products and services
Industry ContainersPackaging