Swing Trading in Hi-tech, Consumer, and Financial Sectors: An Upward Move Expected for TER
Swing trading, a speculative trading strategy in financial markets where a tradable asset is held for one or more days in an attempt to profit from price changes or 'swings', has shown impressive results. Specifically, the diversified portfolio focusing on the Hi-tech, Consumer, and Financial sectors has generated a noteworthy 17.83% for TER.
TER's Aroon Indicator, a technical analysis tool used to measure whether a security is in a trending or non-trending state, is forecasting a probable upward trajectory. The Aroon Indicator, on June 26, 2023, triggered a bullish signal, which, in the context of financial markets, is a signal that suggests a security's price is likely to rise.
This bullish signal was identified when Tickeron's A.I.dvisor detected the AroonUp (an element of the Aroon Indicator that measures the strength of an uptrend) green line was above 70, while the AroonDown (a counterpart that measures the strength of a downtrend) red line was below 30. This positioning of the up indicator above 70 and the down indicator below 30, strongly indicates the stock's potential for a bullish movement.
The A.I.dvisor, in its detailed analysis, considered 289 similar instances in the past where the Aroon Indicator portrayed a comparable pattern. Remarkably, in 242 of these instances, the stock indeed moved higher in the days that followed. These statistical findings put the likelihood of a surge in price at a significant 84%.
This means traders could potentially benefit from buying the stock or even looking to buy call options, which gives the holder the right to buy a stock at a certain price within a specific period. Hence, based on the current Aroon Indicator readings, TER's stock is exhibiting a strong setup for an upward movement.
In conclusion, TER's bullish signal, as detected by the Aroon Indicator, is a positive sign for traders focusing on the Hi-tech, Consumer, and Financial sectors. This could be a ripe opportunity to capitalize on the expected upward move. However, investors are reminded that while the 84% historical correlation is encouraging, it is not a guarantee of future performance.
TER moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend. In of 39 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TER as a result. In of 95 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 TER turned negative on September 08, 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 46 similar instances when the indicator turned negative. In of the 46 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 TER declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TER broke above its upper Bollinger Band on August 29, 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.
The Aroon Indicator for TER entered a downward trend on August 29, 2023. 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where TER's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 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 TER advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock slightly 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 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 (6.101) is normal, around the industry mean (7.944). P/E Ratio (28.571) is within average values for comparable stocks, (53.779). Projected Growth (PEG Ratio) (0.935) is also within normal values, averaging (2.342). Dividend Yield (0.005) settles around the average of (0.022) among similar stocks. P/S Ratio (5.590) is also within normal values, averaging (72.586).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. TER’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an electronic test systems manufacturer
A.I.dvisor indicates that over the last year, TER has been closely correlated with AMAT. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if TER jumps, then AMAT could also see price increases.