AFRM Swing Trader: Deep Trend Analysis (TA) Generates 26.13% Returns
Swing Trader: Deep Trend Analysis (TA) Generates 26.13% for AFRM
In the fast-paced world of swing trading, where investors aim to capture short-term price movements, one crucial aspect is conducting an in-depth trend analysis. By closely examining the market dynamics, swing traders can identify potential opportunities for profit. One such example is the recent performance of AFRM (placeholder for the company's name).
On July 10, 2023, AFRM made a significant move by surpassing its 50-day moving average. This event serves as a pivotal signal, indicating a shift from a previous downward trend to an upward trajectory. Swing traders who were able to identify this change early on would have been well-positioned to capitalize on the subsequent price movements.
The deep trend analysis conducted by swing traders allows them to gain insights into the underlying market forces and make informed decisions. By examining various technical indicators, chart patterns, and historical price data, they can determine the potential direction of a stock or asset. In the case of AFRM, this analysis proved to be fruitful, as it generated an impressive return of 26.13%.
It's important to note that swing trading relies heavily on the ability to quickly identify and react to market trends. Traders need to stay updated with the latest information and employ robust analytical tools to assess the potential risks and rewards. By combining technical analysis with prudent risk management strategies, swing traders can aim for consistent profitability.
The deep trend analysis performed by swing traders plays a vital role in generating profits in the dynamic world of finance. AFRM's upward trend, marked by its move above the 50-day moving average, exemplifies the potential rewards that can be achieved through thorough analysis and timely decision-making. As the market continues to evolve, swing traders will remain vigilant, seeking new opportunities to maximize their returns.
AFRM sees MACD Histogram just turned negative
AFRM saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 21 instances where the indicator turned negative. In of the 21 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for AFRM moved out of overbought territory on September 19, 2023. 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 19 similar instances where the indicator moved out of overbought territory. In of the 19 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AFRM as a result. In of 42 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AFRM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
AFRM moved above its 50-day moving average on August 25, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AFRM crossed bullishly above the 50-day moving average on August 31, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 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 AFRM advanced for three days, in of 146 cases, the price rose further within the following month. The odds of a continued upward trend are .
AFRM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 112 cases where AFRM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AFRM’s price grows at a higher 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 fair valued 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 (2.388) is normal, around the industry mean (19.856). P/E Ratio (0.000) is within average values for comparable stocks, (152.778). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.642). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (3.761) is also within normal values, averaging (74.113).
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. AFRM’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 90, placing this stock worse than average.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
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AFRM and
Correlation & Price change
A.I.dvisor indicates that over the last year, AFRM has been closely correlated with COIN. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if AFRM jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To AFRM | 1D Price Change % | ||
|---|---|---|---|---|
| AFRM | 100% | -1.53% | ||
| COIN - AFRM | 81% Closely correlated | -1.71% | ||
| CLSK - AFRM | 71% Closely correlated | -4.13% | ||
| RIOT - AFRM | 70% Closely correlated | -2.16% | ||
| BILL - AFRM | 66% Loosely correlated | -1.74% | ||
| HOOD - AFRM | 65% Loosely correlated | -1.55% | ||
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