The Alternative Power Generation Sector ($CREG, $VGAS, $WAVE) surged by +8.76% last week.
In the ever-evolving landscape of the stock market, the Alternative Power Generation Sector has captured investors' attention with an impressive increase of +8.76% in its performance over the past week. This sector encompasses a diverse group of companies that are striving to reshape the energy industry by harnessing innovative technologies and sustainable solutions. Let's delve into the noteworthy elements of this sector and analyze the group of tickers that define its current trajectory.
Ticker Group: Within the Alternative Power Generation Sector, several key players are making waves:
- $CREG (Price: $1.07)
- $ADN (Price: $0.63)
- $HTOO (Price: $0.21)
- $WAVE (Price: $2.17)
- $HLGN (Price: Not specified)
- $BNRG (Price: Not specified)
- $VGAS (Price: $4.49)
- $ELIQ (Price: Not specified)
Market Cap Insights: The average market capitalization for this group of tickers stands at approximately $31.1 million. Notably, ELIQ holds the highest valuation within this cluster, with a market cap of $64.4 million, whereas CREG boasts the lowest valuation at $8.3 million. This diverse range of market capitalizations highlights the variety of companies and technologies represented in the Alternative Power Generation Sector.
Price Performance Highlights: Over the recent weeks, the group of tickers experienced substantial price fluctuations, indicating both growth and challenges:
- The average weekly price growth across all stocks in the sector reached an impressive 8.76%.
- However, the average monthly price growth witnessed a decline of -26.12%.
- The quarterly performance displayed a more significant drop of -51.03%.
- Among these, ELIQ emerged as a standout with the highest price growth at 87.66%, while HTOO faced the largest fall at -11.34%.
Volume Activity: Volume is a crucial indicator of investor sentiment and market activity. In this sector, volume fluctuations have been noteworthy:
- The average weekly volume growth across all stocks spiked remarkably by 5703.73%.
- On a monthly scale, the average volume growth was 1510.44%.
- The quarterly volume growth recorded a staggering 1450419.53%.
- It's worth highlighting instances like Heliogen's stock experiencing record-breaking daily volume growth of 1,112% of the 65-Day Volume Moving Average.
Ticker Analysis: Let's take a closer look at some of the key tickers that have exhibited intriguing trends:
-
VGAS: A Potential Downtrend
- VGAS has witnessed a downward trend, declining for three consecutive days on August 21, 2023.
- This bearish trend is seen in 34 out of 43 similar historical cases, with odds of continued downward movement at 79%.
- Throughout the month of 07/25/23 - 08/24/23, VGAS experienced a -19% downtrend.
- During the week of 08/17/23 - 08/24/23, the stock fell -11%.
-
WAVE: RSI Indicator Movement
- WAVE's Relative Strength Index (RSI) indicator moved out of oversold territory on August 23, 2023.
- This shift suggests a potential upward trend, with historical instances showing a 90% probability of stock movement higher.
- Despite this, the stock's current price of $2.17 remains below the lowest support line of $2.66.
- The month of 07/25/23 - 08/24/23 saw a -16% downtrend, and during the week of 08/17/23 - 08/24/23, the stock fell -7%.
-
CREG: Uptrend on the Horizon
- CREG demonstrated a +3.88% uptrend, rising for three consecutive days on August 24, 2023.
- This bullish trend is seen in 205 out of 239 similar historical cases, with odds of continued upward movement at 86%.
- The stock's current price of $1.07 has crossed the resistance line at $1.49 and is trading between the $1.49 resistance and $0.96 support lines.
- Throughout the month of 07/25/23 - 08/24/23, CREG experienced a -28% downtrend.
- During the week of 08/17/23 - 08/24/23, the stock fell marginally by -0.46%.
The Alternative Power Generation Sector has demonstrated remarkable price growth, volume surges, and distinct trends among the group of tickers. Investors should carefully monitor individual tickers' performance, keeping an eye on potential downtrends and shifts in indicators. While challenges exist, the sector's pursuit of sustainable energy solutions continues to capture the imagination of market participants.
CREG's RSI Indicator leaves overbought zone
The 10-day RSI Oscillator for CREG moved out of overbought territory on December 30, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 instances where the indicator moved out of the overbought zone. In of the 27 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 32 cases where CREG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
CREG moved below its 50-day moving average on January 08, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CREG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CREG broke above its upper Bollinger Band on December 27, 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 26, 2024. You may want to consider a long position or call options on CREG as a result. In of 100 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 CREG just turned positive on December 26, 2024. Looking at past instances where CREG'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 .
The 10-day moving average for CREG crossed bullishly above the 50-day moving average on January 03, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 +4 3-day Advance, the price is estimated to grow further. Considering data from situations where CREG advanced for three days, in of 246 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 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 (0.104) is normal, around the industry mean (1.845). P/E Ratio (1.614) is within average values for comparable stocks, (104.447). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.051) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (24.530).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CREG’s price grows at a lower 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 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CREG’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 91, placing this stock worse than average.
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Industry AlternativePowerGeneration