Week in Review: +4.84% Jump for Automation Stocks $CAMT, $ROK, $GNRC, $TER
Theme Automation +4.84% - week change
Tickers in theme Automation - CAMT, ROK, GNRC, TER.
Swing Trader: Sector Rotation Strategy (TA&FA)
The world of automation has revolutionized numerous aspects of our daily lives, from financial transactions to industrial operations and security services. In this article, we will delve into the performances of some notable companies within the automation sector and analyze their recent market dynamics and price trends.
Notable Companies in the Automation Sector
Among the standout companies in this group are Teradyne (NASDAQ: TER) and Generac Holdings (NYSE: GNRC). These companies are at the forefront of the automation revolution, contributing to advancements in various industries.
Market Capitalization Insights
The average market capitalization of companies in the automation theme stands at approximately $6.9 billion. The market capitalizations of these companies range from $6 million to $35.1 billion, with Rockwell Automation (ROK) holding the highest valuation at $35.1 billion, while DBDQQ is the lowest valued company at $6 million.
Price Growth Trends
In terms of price growth, the automation theme stocks have exhibited varying trends. The average weekly price growth across the theme was 4.91%, while the average monthly growth was 12.44%. Over the quarter, the stocks experienced an average growth of 0.03%. Notably, DBDQQ witnessed the highest price growth at 11.54%, whereas Generac Holdings (GNRC) faced the most significant decline, falling by -29.36%.
High and low price notable news
The average weekly price growth across all stocks in the automation Theme was 4.91%. For the same Theme, the average monthly price growth was 12.44%, and the average quarterly price growth was 0.03%. DBDQQ experienced the highest price growth at 11.54%, while GNRC experienced the biggest fall at -29.36%.
- 8/3/23 2:01 PM: Teradyne (TER, $107.8) was a top loser this week, declining -5.97%
- 8/3/23 2:01 PM: Rockwell Automation (ROK, $304.28) was a top loser this week, declining -8.89%
- 7/15/23 6:53 AM: Teradyne (TER, $113.09) was a top weekly gainer, with a +6.35% jump. Expect an Uptrend continuation
Recent Price Movements
On August 3, 2023, Teradyne (TER) and Rockwell Automation (ROK) experienced declines of -5.97% and -8.89%, respectively, making them top losers for the week. However, Teradyne rebounded on July 15, 2023, with a notable 6.35% weekly jump, indicating the possibility of an uptrend continuation.
Volume Insights
Analyzing volume trends, the average weekly volume growth across the automation theme stocks was -11.02%. Monthly and quarterly volume growth averaged at -7.41% and -39.73%, respectively.
Individual Stock Analysis
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CAMT: The Relative Strength Index (RSI) oscillator for CAMT indicated overbought conditions for a day, suggesting a potential price pull-back in the near future. The stock's current price of $48.29 is above the highest resistance line found by A.I., and it experienced a strong +42% uptrend from July to August. During the first week of August, the stock enjoyed a modest uptrend growth of +0.91%.
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ROK: Rockwell Automation (ROK) faced a downward trend as its 10-day moving average crossed below the 50-day moving average on August 8, 2023. Historically, such crossovers have led to continued downward trends, with a 69% probability. The stock currently trades between resistance at $341.07 and support at $286.11. Over the analyzed period, ROK experienced a -6% downtrend, with a -2% fall during the first week of August.
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GNRC: Generac Holdings (GNRC) also entered a downward trend when its price dipped below the 50-day moving average on August 2, 2023. Similar occurrences in the past have resulted in further price decreases within the following month, with an 80% probability. The stock's current price of $107.54 is above the highest resistance line and experienced a -20% downtrend over the analysis period. In the first week of August, GNRC's stock price fell by -29%.
Summary
The automation sector presents a mix of performances among notable companies like TER, ROK, and GNRC. While these companies play pivotal roles in advancing automation across various industries, their recent market dynamics and price trends demonstrate both growth potential and challenges. As investors navigate these complexities, staying informed about each company's unique trajectory is crucial for making informed decisions in the dynamic world of automation.
