AI Swing Trader Strikes Gold: Delivering 44.15% Return for ESTE in Just Six Months
Artificial Intelligence (AI) continues to carve out a significant presence in the trading sector, with our AI Swing Trader: Sector Rotation Strategy (TA&FA) recently generating a strong 44.15% return for Earthstone Energy (ESTE) over the past six months.
A Snapshot of the Oil & Gas Production Industry's Market Cap
The Oil & Gas Production Industry, in which ESTE operates, boasts an average market capitalization of 3.26 billion dollars. This industry’s market caps range widely, from as little as 3.28K to a colossal 121.56B, with ConocoPhillips (COP) leading the pack at 121.56B and PSTRQ lagging at 3.28K.
Dissecting Price Movements: Highs and Lows
In this challenging industry landscape, the average weekly price growth for all stocks was -3%. Similarly, the monthly and quarterly average price growth rates were -2% and -5% respectively. Despite these industry trends, CNUCF saw the highest price growth at 61%, while DALXF experienced the most significant fall at -69%.
The Volume Picture: A Story of Growth
Looking at the volume trends, the average weekly volume growth for all stocks in this industry was -21%. However, the monthly and quarterly volume growth averages told a brighter story, with respective increases of 111% and 121%.
The AI Swing Trader: Sector Rotation Strategy (TA&FA) has shown how AI can navigate the tumultuous waves of the trading world, achieving an impressive 44.15% return for ESTE in just six months. By expertly analysing market capitalization, price trends, and volume growth, this trading robot showcases the transformative potential AI holds for the trading world. It’s yet another instance where the numbers truly tell the story of AI's rising dominance in modern trading.
ESTE's RSI Oscillator recovers from overbought zone
The 10-day RSI Indicator for ESTE moved out of overbought territory on September 11, 2023. 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 38 instances where the indicator moved out of the overbought zone. In of the 38 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 Momentum Indicator moved below the 0 level on September 14, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ESTE as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ESTE turned negative on September 12, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESTE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ESTE broke above its upper Bollinger Band on August 21, 2023. 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ESTE advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 261 cases where ESTE 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ESTE’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 (1.156) is normal, around the industry mean (6.231). P/E Ratio (4.191) is within average values for comparable stocks, (16.603). Projected Growth (PEG Ratio) (0.387) is also within normal values, averaging (2.541). Dividend Yield (0.000) settles around the average of (0.124) among similar stocks. P/S Ratio (1.140) is also within normal values, averaging (120.481).
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.
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 company which engages in the exploration of crude oil and natural gas
Industry OilGasProduction
ESTE and
Correlation & Price change
A.I.dvisor indicates that over the last year, ESTE has been closely correlated with VTLE. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESTE jumps, then VTLE could also see price increases.
| Ticker / NAME | Correlation To ESTE | 1D Price Change % | ||
|---|---|---|---|---|
| ESTE | 100% | +0.63% | ||
| VTLE - ESTE | 83% Closely correlated | +0.13% | ||
| MRO - ESTE | 81% Closely correlated | -1.07% | ||
| MGY - ESTE | 81% Closely correlated | -0.76% | ||
| NOG - ESTE | 81% Closely correlated | -1.17% | ||
| CPE - ESTE | 80% Closely correlated | -1.24% | ||
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