Robots for this group tickers :
Swing Trader, Long Only with Inverse: Valuation Model for Energy Sector (TA&FA) - 30-day Annualized Return +73%
Swing Trader, Long Only: Growth Model (FA) - 30-day Annualized Return +59%
Propane gas companies, represented by tickers NGL, SGU, and SPH, have exhibited a remarkable +8.22% increase in performance over the past week. This surge is substantiated by various technical indicators, fostering a positive outlook for investors. In this analysis, we delve into key indicators, market capitalization, notable price movements, and volume fluctuations to provide a comprehensive understanding of the current landscape.
Stellar Performance Indicators
Stochastic Indicator and Fear & Greed Index
The Stochastic Indicator is a strong driver of the current positive sentiment, signaling a Positive Outlook for stocks in this group. Tickeron's positive outlook and a predicted 4.00% increase within the next month, with a 67% likelihood, underscore the bullish market sentiment. The daily ratio of advancing to declining volumes, standing at 1.17 to 1 over the last month, further supports this optimistic outlook.
Aroon Indicator Confirmation
An Aroon indicator-based analysis reveals that 1 stock in the group has confirmed the positive outlook, with an average probability of 79%. This further reinforces the belief that the current trajectory is favorably poised.
Market Capitalization Insights
The average market capitalization for companies in the propane gas theme is 687.2M. APU holds the highest valuation at 2.9B, while SGU stands as the lowest valued company in this group at 436.1M. This diverse range signifies a mix of established and emerging players, providing investors with various risk-return profiles.
Highs and Lows in Price Movements
Weekly, Monthly, and Quarterly Analysis
The average weekly price growth across all stocks in the propane gas theme was an impressive 8.32%. Monthly and quarterly averages stood at 3.63% and 23%, respectively. Notable outliers include SPH, which experienced the highest weekly growth at 10.6%, and SGU, facing a minor fall of 0.38%. These fluctuations present opportunities for traders to capitalize on short-term momentum or long-term value.
Noteworthy Events
Two contrasting events for NGL Energy Partners stand out - a significant fall of -20.42% on 3/16/23 and a substantial rise of +33.65% on 1/5/23. These events, while reflecting volatility, provide insights into the stock's resilience and potential for rapid recovery.
Volume Analysis
Weekly, Monthly, and Quarterly Volume Movements
The average weekly volume growth across all stocks in the propane gas theme was 28.54%, reflecting heightened market activity. Conversely, monthly and quarterly averages show a mixed trend with -30.66% and 24.23%, respectively. These volume dynamics should be considered when evaluating the liquidity and tradability of these stocks.
Volume Surges
Notable volume surges, such as NGL Energy Partners' consecutive 5-day increase and Suburban Propane Partners L P's record-breaking daily growth of 526%, suggest heightened investor interest and the potential for significant price movements.
Individual Ticker Analysis
1. SGU - Stochastic Oscillator Signal
On January 22, 2024, SGU's Stochastic Indicator moved out of oversold territory, historically signaling a bullish trend. Tickeron's analysis, based on 61 instances, indicates a 72% probability of a move higher. Current price movements and trends within the support and resistance lines further support this upward trajectory.
2. NGL - Stochastic Oscillator Recovery
Similarly, NGL saw its Stochastic Indicator move out of oversold territory on January 22, 2024. With a historical probability of over 90% for a move higher, coupled with the current price being above the highest resistance line, NGL presents a compelling bullish case.
3. SPH - MACD Histogram Turnaround
SPH's Moving Average Convergence Divergence (MACD) turned positive on January 23, 2024. Historical data suggests a 53% probability of continued upward momentum. The current price being above the highest resistance line adds further credence to this positive outlook.
Summary
In summary, the propane gas theme, represented by NGL, SGU, and SPH, is currently experiencing a robust bullish phase. Market indicators, volume dynamics, and individual ticker analyses all point toward favorable conditions for investors. However, prudent risk management strategies should always be considered, especially in volatile markets. As always, investors are encouraged to conduct further research and analysis to make well-informed investment decisions.
The 10-day moving average for NGL crossed bearishly below the 50-day moving average on April 24, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 .
The Moving Average Convergence Divergence Histogram (MACD) for NGL turned negative on April 26, 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 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .
NGL moved below its 50-day moving average on April 30, 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 NGL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NGL broke above its upper Bollinger Band on April 10, 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 Aroon Indicator for NGL entered a downward trend on April 22, 2024. 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where NGL'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 Momentum Indicator moved above the 0 level on April 30, 2024. You may want to consider a long position or call options on NGL as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 NGL advanced for three days, in of 272 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 seriously 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 (0.910) is normal, around the industry mean (44.070). P/E Ratio (0.000) is within average values for comparable stocks, (16.201). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.696). Dividend Yield (0.051) settles around the average of (0.064) among similar stocks. P/S Ratio (0.104) is also within normal values, averaging (2.923).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NGL’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 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 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. NGL’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 59, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of propane and other natural gas businesses
Industry OilGasPipelines