Ticker Highlights: $CENX, $AA, $KALU, $CSTM - Aluminum Industry Sees Impressive +3.52% Weekly Performance Surge
The Aluminum Industry has recently seen a remarkable surge in performance, with a collective increase of +3.52% over the past week. This positive trend is supported by a group of prominent tickers, including CENX, AA, KALU, and CSTM. In this article, we'll delve into the industry's current landscape, explore the tickers within this theme, and highlight some key indicators that suggest a promising future for these companies.
The Theme and Group of Tickers
The Aluminum Industry encompasses a wide range of applications, including construction, packaging, and the automotive sector. Notably, the demand for lightweight aluminum in automobiles has been on the rise, driven by the need for improved fuel efficiency. In the United States alone, the aluminum industry generates nearly $71 billion in direct economic impact, with major players such as Arconic, Inc, Alcoa Corp, and Kaiser Aluminum Corporation leading the way.
The four tickers of interest within this theme are as follows:
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CENX (Century Aluminum) - This company has been a significant player in the industry, with a recent stock price of $8.22. However, it faced a decline of -11.04% in the past week.
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AA (Alcoa) - Alcoa, with a stock price of $36.19, experienced a positive weekly performance, showing a +7.23% increase. The trend suggests an uptrend continuation.
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KALU (Kaiser Aluminum) - Although not explicitly mentioned in the provided data, Kaiser Aluminum is an important player in the industry, known for its expertise in aluminum products and solutions.
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CSTM (Constellium) - Constellium is another noteworthy company in this sector. With a current stock price of $18.19, it has recently shown a +4% uptrend.
Positive Outlook and Supporting Indicators
The positive outlook for these companies is not based on mere speculation. Several key indicators and metrics point to a favorable future for the Aluminum Industry.
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Stock Fear & Greed Index - The industry's positive outlook is bolstered by a strong performance across the board, supported by a 15-indicator stock fear and greed index. This index underscores the confidence in the industry's potential.
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Tickeron's Predictions - Tickeron, a respected financial analysis tool, predicts a further increase of more than 4.00% within the next month for this group of tickers, with a likelihood of 72%. Such predictions suggest that market experts anticipate continued growth in these stocks.
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Volume Growth - It's worth noting that the Aluminum Industry has experienced robust volume growth. The average weekly volume growth across all stocks in the industry is 51.6%, while the average monthly and quarterly volume growth rates are 70.52% and 99.8%, respectively. These figures indicate strong investor interest and participation in the sector.
Key Stock-Specific Indicators
Let's take a closer look at the specific indicators for some of these tickers:
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CENX (Century Aluminum) - The Moving Average Convergence Divergence (MACD) for CENX turned positive recently, with an 82% likelihood of a continued upward trend. Despite a past downtrend, recent data shows a +5% uptrend.
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AA (Alcoa) - The Relative Strength Index (RSI) for AA moved out of oversold territory, signaling a potential shift from a downward trend to an upward one. The odds of a move higher stand at 80%. The recent data shows a +3% uptrend.
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CSTM (Constellium) - The MACD for CSTM recently turned positive, with an impressive 85% likelihood of a continued upward trend. Recent data suggests a +3% uptrend, further supporting the positive outlook.
Market Capitalization
The Aluminum Industry boasts an average market capitalization of approximately $5.8 billion. Within the group of tickers mentioned, market caps range from $138.4 thousand to $54.4 billion, with DKIAF holding the highest valuation and NORNQ being the lowest valued company.
High and Low Price Notable News
The industry has experienced a mixed bag of price movements. While the average weekly price growth across all stocks in the Aluminum Industry was -3.41%, NHYDY stood out with a significant price growth of 7.94%. Conversely, BXRDF experienced the most significant fall at -53.85%.
In summary, the Aluminum Industry is showing promise, with positive outlooks, strong market indicators, and specific stock signals supporting the potential for growth. However, as with any investment, it's crucial for investors to conduct thorough research and consider their risk tolerance before making investment decisions in this sector.
CENX in downward trend: 10-day moving average moved below 50-day moving average on December 20, 2024
The 10-day moving average for CENX crossed bearishly below the 50-day moving average on December 20, 2024. 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CENX as a result. In of 89 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 CENX turned negative on November 27, 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 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 .
CENX moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CENX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CENX's RSI Indicator exited the oversold zone, of 26 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 CENX advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .
CENX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 214 cases where CENX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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. CENX’s price grows at a higher rate over the last 12 months as compared to 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than 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 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 (2.705) is normal, around the industry mean (1.886). P/E Ratio (6.033) is within average values for comparable stocks, (30.654). CENX has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.044). P/S Ratio (0.879) is also within normal values, averaging (0.802).
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
a producer of primary aluminum and aluminum products
Industry Aluminum