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's RSI Oscillator ascends from oversold territory
The RSI Indicator for BCE moved out of oversold territory on December 31, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 37 similar instances when the indicator left oversold territory. In of the 37 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on BCE as a result. In of 80 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 BCE just turned positive on December 31, 2024. Looking at past instances where BCE's MACD turned positive, the stock continued to rise in of 50 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 BCE advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 (2.516) is normal, around the industry mean (4.748). P/E Ratio (20.031) is within average values for comparable stocks, (113.894). Projected Growth (PEG Ratio) (1.646) is also within normal values, averaging (8.093). Dividend Yield (0.086) settles around the average of (0.059) among similar stocks. P/S Ratio (1.689) is also within normal values, averaging (13.542).
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.
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. 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 81, placing this stock worse than average.
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 telecommunications products and services
Industry WirelessTelecommunications