Stock rose 0.8% final week; Reaches a brand new excessive for 2022

by Danger calculated on 03/10/2022 08:49:00

Lively stock elevated for the third week in a row, rising 0.8% final week, and reached a brand new excessive for the 12 months. Listed here are the stock adjustments for a similar week for the previous 4 years (normally stock is down this time of 12 months):

2022: +4.3,000

2021: -4.6,000

2020: -4.9,000

2019: -7.7,000

Stock reached a seasonal low in early March 2022 and is now up 133% from. Altos studies that stock was up 31.1% 12 months over 12 months.

Altos House Inventory Click on on the graphic to enlarge the picture.

This stock chart is courtesy of Search Violas.

As of September 30, inventories stood at 561,000 (7-day common), in comparison with 557,000 the earlier week.

In comparison with the identical week in 2021, shares have been up 31.1% from 428,000, and in comparison with the identical week in 2020, shares have been down simply 0.3% from 563 000. In comparison with 3 years in the past, stock is down 41.3% from 963,000.

Listed here are the stock milestones I monitor with information from Altos:

1. The seasonal trough (it occurred on March 4th for Altos) ✅

2. Stock up 12 months over 12 months (occurred on Might thirteenth for Altos) ✅

3. Stock up from two years in the past (presently down 0.3% in keeping with Altos)

4. Stock up from 2019 (presently down 41.3%).

Altos House Inventory

Here’s a graph of the change in shares in comparison with 2021, 2020 (milestone 3 above) and 2019 (milestone 4).

The blue line represents year-over-year information, the crimson line is in comparison with two years in the past, and the dotted purple is in comparison with 2019.

Two years in the past (in 2020), shares have been down all 12 months. Primarily based on current stock adjustments, my present estimate is stock shall be up subsequent week in comparison with 2020!

A key shall be if stock will increase within the fall of this 12 months. Stock was up in September.