Midcap Stocks Show Mixed Performance, Atmos Energy Corp. and Light & Wonder, Inc. Lead Bullish Trends

Jun 25 2024 01:02 PM IST

The midcap segment of the market is seeing mixed performance, with Chewy, Inc. leading with a return of 11.28% while TD SYNNEX Corp. is the worst performer with a return of -9.57%. Despite this, there are still some promising stocks such as Atmos Energy Corp., Light & Wonder, Inc., Commercial Metals Co., and NNN REIT, Inc. showing bullish to mildly bullish trends. The advance decline ratio for these stocks is currently at 0.36x, indicating that while there are more declining stocks, the advancing stocks are still performing well. Investors should carefully consider technical calls and market trends before making any investment decisions in this segment.

The midcap segment of the market has been showing strong performance, with Chewy, Inc. leading the pack with a return of 11.28%. However, not all midcap stocks have been faring well, with TD SYNNEX Corp. experiencing a return of -9.57%, making it the worst performer in this segment.

Despite this, there are still some promising stocks in the midcap market. Atmos Energy Corp. is currently showing a bullish to mildly bullish trend, while Light & Wonder, Inc. is expected to see a mild bullish to bullish trend. Commercial Metals Co. is also showing a sideways to mildly bullish trend, while NNN REIT, Inc. is expected to see a mildly bullish to bullish trend.

Recently, there have been some changes in the technical calls for stocks in this midcap index. The advance decline ratio for these stocks is currently at 161 advancing stocks and 453 declining stocks, with a ratio of 0.36x. This indicates that while there are more declining stocks, the advancing stocks are still showing strong performance.

Investors should keep an eye on these midcap stocks as they continue to drive the market today. With some stocks showing bullish trends and others expected to see positive changes, there are still opportunities for growth in this segment. However, it is important to carefully consider the technical calls and market trends before making any investment decisions.

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