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Jul 10, 2023

Boost Profits with Swing Trader: Sector Rotation Strategy Earns 35.57% for ESTE

Swing Trader: Sector Rotation Strategy (TA&FA) Generates 35.57% for ESTE

The Sector Rotation Strategy, a blend of Technical Analysis (TA) and Fundamental Analysis (FA), has recently exhibited an impressive performance. As part of this strategy, Energy Services of America Corporation (ESTE) has generated a substantial return of 35.57%.

A significant technical indicator for the uptick can be traced back to June 21, 2023, when the short-term 10-day moving average of ESTE broke bullishly above its longer-term counterpart, the 50-day moving average. This cross-over typically suggests that market sentiment around the stock is becoming more bullish, indicating an opportune entry point for swing traders and investors alike.

Historically, these moving average cross-overs have been a reliable indicator of continued growth. Out of the 22 prior occurrences when the 10-day moving average crossed above the 50-day, ESTE's stock price experienced upward momentum in 20 of those instances. This leads to an impressive success rate of approximately 90%.

The bullish cross-over of moving averages suggests a positive trend for ESTE's stock price. Moreover, the successful implementation of the Sector Rotation Strategy highlights the potential of combining TA and FA for investment decision-making. This strategy leverages the inherent strengths of both methodologies, providing a holistic perspective of the market dynamics.

The moving average cross-over serves as a testament to the stock's upward trend. The effectiveness of the Sector Rotation Strategy and its subsequent returns signify the strength of systematic and analytical approaches in investment decision-making.

While past performance is not a definitive predictor of future outcomes, the historically high success rate coupled with the current bullish indicators for ESTE presents an optimistic outlook. Therefore, investors and traders employing the Sector Rotation Strategy may want to closely monitor ESTE's performance as part of their portfolio considerations.

In conclusion, the robust return generated by ESTE, under the auspices of the Sector Rotation Strategy (TA&FA), is a testament to the efficacy of a balanced, multi-faceted approach to investing. As the 10-day moving average continues to tread above the 50-day counterpart, ESTE's prospects remain promising, underpinning the potential gains of aligning with this upward trend.

Related Ticker: ESTE

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 .

Price Prediction Chart

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)

Fear & Greed

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

The most notable companies in this group are ConocoPhillips (NYSE:COP), EOG Resources (NYSE:EOG), Canadian Natural Resources Limited (NYSE:CNQ), Occidental Petroleum Corp (NYSE:OXY), Pioneer Natural Resource Co (NYSE:PXD), Hess Corp (NYSE:HES), Devon Energy Corp (NYSE:DVN), Diamondback Energy (NASDAQ:FANG), EQT Corp (NYSE:EQT), Marathon Oil Corp (NYSE:MRO).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 3.81B. The market cap for tickers in the group ranges from 3.28K to 145.1B. COP holds the highest valuation in this group at 145.1B. The lowest valued company is PSTRQ at 3.28K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was 0%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 9%. TRLED experienced the highest price growth at 325%, while TRLM experienced the biggest fall at -40%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was 3%. For the same stocks of the Industry, the average monthly volume growth was -0% and the average quarterly volume growth was -11%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 70
Price Growth Rating: 49
SMR Rating: 62
Profit Risk Rating: 76
Seasonality Score: 4 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company which engages in the exploration of crude oil and natural gas

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
1400 Woodloch Forest Drive
Phone
+1 281 298-4246
Employees
219
Web
https://www.earthstoneenergy.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ESTE
1D Price
Change %
ESTE100%
+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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