Hot Trucking Stocks to Watch - $HTLD, $KNX, $MRTN, $ODFL, $PTSI: Astounding Growth with +21.47% Surge in One Week! 🚛💹
Welcome to our latest financial market analysis, where we dive deep into the world of trucking stocks that have seen an impressive gain of +21.47% in just one week. The trucking industry plays a vital role in the transportation and logistics sector, moving raw materials, goods, and products from manufacturing centers to distribution centers and retail outlets. In this article, we'll explore the recent market movements and sectoral shifts that have driven the remarkable surge in the trucking sector. Let's buckle up and uncover the forces shaping the success of key trucking companies.
If the logistics group has piqued your interest, look no further than Tickeron's AI robot, "Swing Trader: Business Model (TA&FA)." With this powerful AI tool at your disposal, you can delve into the world of logistics and potentially discover lucrative trading opportunities within the sector. Let the AI-driven blend of technical and fundamental analysis guide your decisions and optimize your chances of success as you explore the logistics industry.
Industry Description
The trucking industry serves as the backbone of the logistics and transportation sector, facilitating the movement of raw materials, works in process, and finished goods across various industries. Trucks play a significant role in delivering construction materials to building sites, transporting heavy cargo, and supporting the manufacturing, transportation, and warehousing sectors. As a key component of freight movement in the United States, the trucking business is closely intertwined with the performance of the manufacturing, retail, and construction industries. Major players in the U.S. trucking sector include Old Dominion Freight Line, Inc., J.B. Hunt Transport Services, Inc., and $RXO Logistics, Inc.
Tickers of this Theme
$HTLD, $KNX, $MRTN, $ODFL, $PTSI, $SAIA, $WERN, $XPO, $YELL, $ARCB, $ULH, $DSKE, $SNDR, $USX, $TFII, $CVLG and $RXO.
Trucking Tickers with Positive Outlook
A cluster of trucking tickers has recently garnered significant attention due to their positive outlook. According to Tickeron's predictions, this group is expected to witness a further increase of more than 4.00% within the next month, with a likelihood of 69%. This positive sentiment is reinforced by the MA50 Indicator, underlining the strong potential for continued growth.
Market Cap
The average market capitalization for companies in the trucking industry stands at 4.1B. The market caps for tickers in this group range from 34.6K to a staggering 44.6B. At the higher end, $ODFL holds a commanding valuation of 44.6B, while NXTN is the smallest player with a market cap of 34.6K.
High and Low Price Notable News
The trucking industry has witnessed remarkable price growth, with an average weekly increase of 13.32% across all stocks. Over a month, the average growth reached an impressive 15.27%, while the quarterly average growth stood at 11.89%. Notably, $YELL saw an outstanding price surge of 405.02%, while $DSKE experienced a substantial decline of -23.81%.
- On August 1, 2023, Knight-Swift Transportation Holdings (KNX, $60.75) was a top weekly gainer, rising by +5.69%.
- On July 25, 2023, Knight-Swift Transportation Holdings (KNX, $57.48) recorded a weekly gain of +6.44%.
- On July 14, 2023, Yellow (YELL, $1.05) emerged as a top weekly gainer for penny stocks, surging by +22.19%.
Volume
The trucking industry has experienced impressive volume growth, with the average weekly increase reaching 69.29%. Over a month, the average volume growth soared to 200.69%, while the quarterly average growth reached 230.26%.
- On July 1, 2023, the volume for US Xpress Enterprises stock surged, reaching a record-breaking daily growth of 668% of the 65-Day Volume Moving Average.
- On June 23, 2023, the volume for Saia stock increased significantly, resulting in a record-breaking daily growth of 206% of the 65-Day Volume Moving Average.
- From June 21 to June 24, 2023, the volume for Schneider National stock surged for four consecutive days, reaching a record-breaking daily growth of 80% of the 65-Day Volume Moving Average.
Fundamental Analysis Ratings
Taking a closer look at the fundamental analysis ratings of the trucking industry, we find the following average scores (1 is best, and 100 is worst):
- Valuation Rating: 56
- P/E Growth Rating: 49
- Price Growth Rating: 48
- SMR Rating: 61
- Profit Risk Rating: 68
- Seasonality Score: -12 (-100 ... +100)
Momentum Indicators for Select Tickers
- $PTSI's Momentum Indicator turned positive on August 04, 2023, signaling a potential upward trend with odds of 84%.
PTSI recently caught the attention of investors as its Momentum Indicator turned positive, indicating a potential upward trend. In the past, 91 out of 108 similar instances resulted in the stock moving higher in the following days, leading to an 84% likelihood of continued growth. PTSI's recent stock movements show a -2% Downtrend throughout the month of 07/04/23 - 08/03/23, and a +3% Uptrend during the week of 07/27/23 - 08/03/23.
- $YELL's price rose above the 50-day moving average on July 31, 2023, indicating a shift to an upward trend with odds of 89%.
YELL has been on an upward trajectory since it moved above its 50-day Moving Average on July 31, 2023. Past instances suggest that 25 out of 28 similar cases resulted in the stock price increasing further within the following month, with an 89% likelihood of a continued upward trend. YELL experienced a remarkable +300% Uptrend throughout 07/04/23 - 08/03/23, and a staggering +405% Uptrend growth during the week of 07/27/23 - 08/03/23.
- $ULH's Momentum Indicator turned positive on July 18, 2023, suggesting a potential upward move with odds of 68%.
SNDR has also caught the attention of market experts as its Momentum Indicator turned positive, suggesting a potential new upward move. Similar historical instances show that 62 out of 91 cases resulted in the stock moving higher in the following days, presenting a 68% likelihood of continued growth. SNDR recorded a +11% Uptrend during 07/04/23 - 08/03/23, but experienced a slight -0.55% Downtrend during the week of 07/27/23 - 08/03/23.
The trucking sector's recent gain of +21.47% in a week reflects the industry's resilience and importance in the broader transportation and logistics landscape. Market movements and sectoral shifts have driven significant price growth and volume surges in select trucking stocks, presenting enticing opportunities for investors seeking to ride the road to success. As always, remember to conduct thorough research and analysis before making any investment decisions in this dynamic and evolving industry. Stay tuned for more updates and insights from our financial market experts!
HTLD's Stochastic Oscillator sits in overbought zone for 5 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for HTLD moved out of overbought territory on November 14, 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 26 similar instances where the indicator moved out of overbought territory. In of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The 50-day moving average for HTLD moved below the 200-day moving average on October 28, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HTLD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HTLD broke above its upper Bollinger Band on November 12, 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 HTLD entered a downward trend on November 06, 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on HTLD as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HTLD just turned positive on November 06, 2024. Looking at past instances where HTLD's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
HTLD moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for HTLD crossed bullishly above the 50-day moving average on November 14, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 HTLD advanced for three days, in of 287 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HTLD’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 (1.160) is normal, around the industry mean (2.861). P/E Ratio (52.316) is within average values for comparable stocks, (101.086). HTLD's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (2.284). Dividend Yield (0.007) settles around the average of (0.013) among similar stocks. P/S Ratio (0.891) is also within normal values, averaging (2.572).
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. HTLD’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 58, placing this stock worse than average.
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
Category LargeBlend