Wireless Telecommunications Sector Outperforms Market, Surging Over 2% This Week.
Despite the overall decline in the American stock market, the stocks within the Wireless Telecommunications sector are showing resilience and have grown by over 2% this week. You can observe the stocks of these companies in this trading bot: Swing Trader High Capitalization TA.
Prominent Companies Among the notable companies within this category are Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), and Lumen Technologies (NYSE:LUMN).
Industry Overview Wireless Telecom encompasses enterprises that offer wireless antenna or satellite-based communication services. This sector is experiencing remarkable growth due to the increasing prevalence of communication and computing on mobile devices and cloud-based platforms. Serving as a pivotal industry for global connectivity, Wireless Telecom holds promising potential in emerging markets and rural areas of developed nations. The escalating demand for fast data connectivity, enhanced resolutions, and seamless video streaming and multimedia applications is set to fuel both growth and competition within this segment. Major players like T-Mobile US, Inc., Vodafone Group, and Sprint Corporation contribute significantly to the landscape of wireless telecom providers.
Market Capitalization The average market capitalization across the Wireless Telecommunications Industry stands at 14 billion dollars. Within this group, market caps for listed companies range from 9.7 thousand dollars to an impressive 12.9 trillion dollars. Notably, LNETF holds the highest valuation in the group at 12.9 trillion dollars, while the company with the lowest valuation is IGLDF at 9.7 thousand dollars.
Highs and Lows in Stock Prices – Significant News On a weekly basis, the average price growth across all stocks in the Wireless Telecommunications Industry was 1.99%. For the same industry, the average monthly price growth amounted to 0.62%, while the average quarterly price growth reached 5.01%. Among the stocks, TDS experienced the most substantial price growth at an impressive 118.1%, while IGLDF faced the steepest decline at -50.75%.
Noteworthy price movements on specific dates:
- On 8/3/23 at 2:01 PM, Telefonica SA (TEF, $3.84) emerged as a significant loser for the week, with a decline of -8.57%.
- Similarly, on 8/3/23 at 2:01 PM, America Movil SAB de CV (AMX, $19.85) also experienced a notable decline for the week, with a drop of -5.48%.
- On 7/15/23 at 6:53 AM, Telus (TU, $18.37) faced a substantial weekly decline of -5.26%.
Trading Volume Insights The average weekly volume growth across all stocks in the Wireless Telecommunications Industry reached 14.51%. Moreover, for the same stocks within the industry, the average monthly volume growth stood at 12.24%, and the average quarterly volume growth amounted to 17.39%.
A Remarkable Volume Surge:
- On 7/25/23 at 7:01 AM, America Movil SAB de CV stock experienced a remarkable one-day surge in volume, resulting in a record-breaking daily growth of 223% compared to the 65-Day Volume Moving Average.
Fundamental Analysis Ratings The average fundamental analysis ratings, graded on a scale of 1 (best) to 100 (worst), are as follows:
- Valuation Rating: 50
- P/E Growth Rating: 58
- Price Growth Rating: 52
- SMR Rating: 67
- Profit Risk Rating: 79
- Seasonality Score: -16 (Ranging from -100 to +100)
BCE's RSI Oscillator Emerges from Oversold Territory On August 09, 2023, the RSI Indicator for BCE moved out of the oversold territory. This could potentially signify a shift from a downward trend to an upward one. Traders might consider purchasing the stock or call options. Analyzing 25 similar instances when the indicator left oversold territory, it's notable that in 13 out of 25 cases, the stock experienced upward movement. This suggests a 52% likelihood of a higher price trajectory.
Stock Forecast, Price, News, Quote The current price of $42.30 has surpassed the resistance line at $41.76 and is trading within the range of $48.30 resistance and $41.76 resistance levels. Over the period from 07/11/23 to 08/10/23, the price underwent a -5% downtrend, while the week of 08/03/23 to 08/10/23 demonstrated a +2% uptrend. Notably, TMUS is experiencing an upward trend, as its 10-day moving average surpassed the 50-day moving average on July 10, 2023. This shift implies a potential buy signal. Historically, in 14 out of 20 instances when the 10-day crossed above the 50-day, the stock continued its upward trajectory over the subsequent month. The odds of a continued uptrend stand at 70%.
Stock Forecast, Price, News, Quote The current price of $137.73 has broken the support line at $129.49 and is trading within the range of $158.23 resistance and $129.49 support levels. During the period from 07/11/23 to 08/10/23, the price experienced a -2% downtrend, while the week of 08/03/23 to 08/10/23 displayed a +2% uptrend. Furthermore, the RSI Oscillator for AMX moved out of oversold territory on August 04, 2023, indicating a potential shift from a downward to an upward trend. Drawing insights from 33 similar instances, where the indicator left oversold territory, it's noteworthy that in 29 out of 33 cases, the stock moved higher. This presents an 88% likelihood of a higher price movement.
Stock Forecast, Price, News, Quote With a current price of $20.14, this stock has surpassed the resistance line at $20.28 and is trading between $20.28 resistance and $16.11 support levels. Over the period from 07/11/23 to 08/10/23, the price experienced a -7% downtrend, while the week of 08/03/23 to 08/10/23 demonstrated a +3% uptrend. Additionally, CHT's RSI Indicator moved out of oversold territory on July 12, 2023. This shift could suggest a transition from a downward to an upward trend. Analyzing 12 similar instances, where the indicator left oversold territory, it's worth noting that in 5 out of 12 cases, the stock moved higher, translating to a 42% likelihood of upward movement.
Stock Forecast, Price, News, Quote Currently priced at $37.04, this stock has surpassed the highest resistance line found by A.I. at $37.03. During the month of 07/11/23 to 08/10/23, the price experienced a +1% uptrend. In the week of 08/03/23 to 08/10/23, the stock enjoyed a +1% uptrend growth.
TU Experiences a -0.87% Downtrend, Declining for Three Consecutive Days on August 04, 2023 Experiencing a downward movement for three consecutive days can signal a bearish trend. It's prudent to monitor this stock for further declines. Drawing insights from situations where TU declined for three days, it's worth noting that in 100 out of 249 cases, the price continued to decline further within the subsequent month. This indicates a 40% likelihood of a continued downward trend.
Stock Forecast, Price, News, Quote With a current price of $17.74, this stock has crossed the resistance line at $19.16 and is trading between $19.16 resistance and $16.44 support levels. Over the period from 07/11/23 to 08/10/23, the price experienced a -7% downtrend, while the week of 08/03/23 to 08/10/23 demonstrated a +3% uptrend.
BCE in upward trend: price may jump up because it broke its lower Bollinger Band on September 21, 2023
BCE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 33 cases where BCE's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BCE'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 5 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 BCE advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BCE as a result. In of 81 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 BCE turned negative on September 21, 2023. 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 50 similar instances when the indicator turned negative. In of the 50 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 BCE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BCE entered a downward trend on August 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (2.824) is normal, around the industry mean (6.008). P/E Ratio (21.322) is within average values for comparable stocks, (136.104). Projected Growth (PEG Ratio) (3.703) is also within normal values, averaging (9.898). Dividend Yield (0.072) settles around the average of (0.117) among similar stocks. P/S Ratio (1.992) is also within normal values, averaging (68.159).
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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BCE’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 79, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BCE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 provider of telecommunication services
Industry WirelessTelecommunications
BCE and
Correlation & Price change
A.I.dvisor indicates that over the last year, BCE has been closely correlated with TU. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if BCE jumps, then TU could also see price increases.
| Ticker / NAME | Correlation To BCE | 1D Price Change % | ||
|---|---|---|---|---|
| BCE | 100% | +0.35% | ||
| TU - BCE | 87% Closely correlated | +1.01% | ||
| RCI - BCE | 57% Loosely correlated | +0.54% | ||
| CMCSA - BCE | 52% Loosely correlated | -0.88% | ||
| LBRDK - BCE | 49% Loosely correlated | -0.42% | ||
| CHTR - BCE | 48% Loosely correlated | -0.36% | ||
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