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Apr 12, 2024

Wood Industry Titans $UFPI, $FBIN, $AOS, $DOOR, and $JELD Witness Impressive Weekly Surge

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The wood industry has been experiencing a notable surge in performance over the past week, with companies involved in wood manufacturing witnessing a significant uptick. In this article, we delve into the recent performance of key players within this sector, exploring market indicators and trends that are shaping their trajectory.

Positive Outlook and Market Indicators:

The group of companies comprising UFPI, FBIN, AOS, DOOR, and JELD have all demonstrated a positive outlook, supported by the MACD Indicator and favorable sentiment reflected in the Stock Fear & Greed Index. Tickeron, a leading analytics platform, predicts a further increase of more than 4.00% within the next month, with a likelihood of 72%. Additionally, the daily ratio of advancing to declining volumes for this group stands at 1.44 to 1, indicating strong market interest and potential upside.

Price Performance and Momentum:

Analyzing the price performance of stocks within the wood industry theme reveals a robust uptrend. The average weekly price growth across all stocks in this theme was 10.57%, with monthly and quarterly growth averaging 10.91% and 17.46%, respectively. Notably, AO Smith (AOS) and Fortune Brands Innovations (FBIN) emerged as top weekly gainers, showcasing significant jumps in price. While DOOR experienced notable growth, JELD saw a slight decline. However, momentum indicators suggest a positive trend reversal for JELD, with its Momentum Indicator turning positive, indicating a potential upward move.

Individual Stock Analysis:

  1. Fortune Brands Innovations (FBIN): FBIN is currently in an upward trend, with its price expected to rise further after breaking its lower Bollinger Band. Historical data indicates that in 34 of 44 similar instances, FBIN's price rose further in the following month. With the odds of a continued upward trend at 77%, traders may consider buying the stock or exploring call options.

  2. AO Smith (AOS): AOS has recently risen above its 50-day Moving Average, signaling a shift from a downward trend to an upward trend. Historical data suggests that in 37 of 46 similar past instances, the stock price increased further within the following month, with the odds of a continued upward trend standing at 80%.

  3. JELD: Despite experiencing a slight downtrend in the previous week, JELD's Momentum Indicator has turned positive, indicating a potential new upward trend. Historical analysis by Tickeron's A.I.dvisor suggests that in 72 of 98 similar instances, the stock moved higher in the following days, with the odds of a move higher at 73%.

Market Cap and Volume:

The average market capitalization across the wood industry theme is 6.1B, with individual companies ranging from 217.8K to 11.3B in market cap. While AOS holds the highest valuation in this group, AFIIQ is the lowest valued company. Volume growth has been robust, with average monthly and quarterly volume growth standing at 28.41% and 62.44%, respectively.

Summary:

In summary, the wood industry stocks are currently exhibiting strong momentum and positive market indicators, with favorable outlooks for further growth. Investors may find opportunities within this sector, particularly in companies such as FBIN, AOS, and JELD, which are showing promising upward trends and momentum indicators. However, as with any investment, thorough research and risk assessment are recommended before making any trading decisions.

Related Ticker: UFPI, AOS, FBIN

UFPI in downward trend: price dove below 50-day moving average on April 12, 2024

UFPI moved below its 50-day moving average on April 12, 2024 date and that indicates a change from an upward trend to a downward trend. In of 51 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for UFPI moved out of overbought territory on March 22, 2024. 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 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on April 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on UFPI as a result. In of 95 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 UFPI turned negative on April 08, 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 .

The 10-day moving average for UFPI crossed bearishly below the 50-day moving average on April 18, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 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 .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where UFPI 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 65 cases where UFPI'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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UFPI advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .

UFPI 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 280 cases where UFPI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

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 81, 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 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 (2.459) is normal, around the industry mean (2.382). P/E Ratio (14.857) is within average values for comparable stocks, (33.028). UFPI's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (3.803). Dividend Yield (0.010) settles around the average of (0.255) among similar stocks. P/S Ratio (1.007) is also within normal values, averaging (1.974).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. UFPI’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 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.

Industry description

Forest products are materials derived from forestry for direct consumption or commercial use. Wood, for example, has variety or uses ranging from generating wood fuel (e.g. in the form of firewood or charcoal) to providing structural materials for the construction of buildings and home improvement, or in the form of wood pulp that is used in the paper production. . Pulp and paper industry, in particular, creates high volume demand for the wood materials including both softwood and hardwood. Major companies making such products include Trex Company, Inc. (manufacturer of wood-alternative decking and railings), Louisiana-Pacific Corporation (makes engineered wood building products) and Universal Forest Products, Inc. (manufactures and distributes wood and wood-alternative products, pressure-treated wood, and is a solid-sawn lumber buyer; makes products for use in home improvement and construction industries).

Market Cap

The average market capitalization across the Forest Products Industry is 2.45B. The market cap for tickers in the group ranges from 47.7K to 9.32B. SCABY holds the highest valuation in this group at 9.32B. The lowest valued company is AMHD at 47.7K.

High and low price notable news

The average weekly price growth across all stocks in the Forest Products Industry was -3%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was -4%. EVA experienced the highest price growth at 51%, while NWGL experienced the biggest fall at -66%.

Volume

The average weekly volume growth across all stocks in the Forest Products Industry was 149%. For the same stocks of the Industry, the average monthly volume growth was 114% and the average quarterly volume growth was 191%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 31
Price Growth Rating: 59
SMR Rating: 75
Profit Risk Rating: 80
Seasonality Score: 1 (-100 ... +100)
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UFPIDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a manufacturer of wood and wood alternative products

Industry ForestProducts

Profile
Fundamentals
Details
Industry
Forest Products
Address
2801 East Beltline Avenue NE
Phone
+1 616 364-6161
Employees
15000
Web
https://www.ufpi.com
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