Theme Automation +4.84% - week change
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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%.
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.
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
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%.
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.
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%.
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.
CAMT saw its Momentum Indicator move above the 0 level on September 27, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 98 similar instances where the indicator turned positive. In of the 98 cases, the stock moved higher in the following days. The odds of a move higher are at .
The Moving Average Convergence Divergence (MACD) for CAMT just turned positive on September 28, 2023. Looking at past instances where CAMT's MACD turned positive, the stock continued to rise in of 51 cases over the following month. 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 CAMT advanced for three days, in of 291 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 300 cases where CAMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for CAMT moved out of overbought territory on September 13, 2023. 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 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CAMT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CAMT broke above its upper Bollinger Band on September 28, 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 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 62, placing this stock better than average.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CAMT’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 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 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 (6.680) is normal, around the industry mean (7.977). P/E Ratio (39.370) is within average values for comparable stocks, (53.975). CAMT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.349). CAMT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (9.940) is also within normal values, averaging (72.573).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of automatic optical inspection systems and related products
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A.I.dvisor indicates that over the last year, CAMT has been closely correlated with SYNA. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if CAMT jumps, then SYNA could also see price increases.