Boost Profits with Sector Rotation: Swing Trading Strategy for 11.41% Returns on CHUY
Swing Trader: Sector Rotation Strategy (TA&FA) Generates 11.41% for CHUY
Sector rotation strategies have long been favored by swing traders for their potential to generate consistent returns. One such strategy, combining technical analysis (TA) and fundamental analysis (FA), has proven successful for CHUY, resulting in a remarkable 11.41% return.
Today, the Aroon Indicator for CHUY signaled an Uptrend, indicating a potential bullish momentum in the stock. Historical data reveals that in 189 out of 236 similar instances where the Aroon Indicator entered an Uptrend for CHUY, the price continued to rise further within the following month. This statistic suggests a compelling 80% probability of the ongoing Uptrend continuing.
The Aroon Indicator is a popular technical tool used to identify trends and their strength. It consists of two lines, namely the Aroon-Up line and the Aroon-Down line, which measure the strength of the uptrend and downtrend, respectively. When the Aroon-Up line crosses above the Aroon-Down line and enters an Uptrend, it signifies a potentially bullish signal.
In combination with fundamental analysis, which examines a company's financial health, market position, and growth prospects, the swing trader employing this sector rotation strategy for CHUY can make well-informed trading decisions. By carefully analyzing both technical and fundamental indicators, the trader aims to take advantage of the stock's potential upward movement while considering the broader market dynamics.
It is important to note that investing or trading in the stock market carries inherent risks, including the possibility of loss. Past performance, such as the 11.41% return generated by this strategy for CHUY, does not guarantee future results. Traders and investors should exercise caution, conduct their own research, and consult with a qualified financial advisor before making any investment decisions.
The swing trader's sector rotation strategy, combining technical and fundamental analysis, has yielded impressive results for CHUY, generating a return of 11.41%. With the Aroon Indicator signaling an Uptrend and historical data indicating an 80% probability of continued upward movement, the strategy provides a compelling opportunity for traders seeking to capitalize on CHUY's potential growth.
CHUY's Indicator enters downward trend
The Aroon Indicator for CHUY entered a downward trend on September 15, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 194 similar instances where the Aroon Indicator formed such a pattern. In of the 194 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CHUY as a result. In of 91 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 CHUY turned negative on September 05, 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 CHUY 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 RSI Indicator 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 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 CHUY advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHUY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CHUY’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 slightly overvalued 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 (2.493) is normal, around the industry mean (9.330). P/E Ratio (24.938) is within average values for comparable stocks, (199.990). CHUY's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.484). CHUY has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.032). P/S Ratio (1.495) is also within normal values, averaging (3.453).
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CHUY’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 85, placing this stock better than average.
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 holding company with interest in operating a chain of restaurants
Industry Restaurants
CHUY and
Correlation & Price change
A.I.dvisor indicates that over the last year, CHUY has been loosely correlated with BLMN. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if CHUY jumps, then BLMN could also see price increases.
| Ticker / NAME | Correlation To CHUY | 1D Price Change % | ||
|---|---|---|---|---|
| CHUY | 100% | +0.20% | ||
| BLMN - CHUY | 61% Loosely correlated | -0.67% | ||
| BJRI - CHUY | 58% Loosely correlated | -2.06% | ||
| CAKE - CHUY | 55% Loosely correlated | N/A | ||
| DRI - CHUY | 52% Loosely correlated | +0.06% | ||
| DIN - CHUY | 51% Loosely correlated | -1.91% | ||
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