In the ever-changing world of stock trading, spotting new trends can be a pivotal part of generating profits. For Swing Traders, especially, understanding and identifying these momentum shifts can serve as a significant strategy for successful investments. Recently, there has been a notable swing in the performance of BN, a diversified entity with investments spread across consumer, energy, and financial sectors.
On July 07, 2023, BN's Momentum Indicator moved above the 0 level, reflecting a positive swing in its trading momentum. The shift above the neutral line typically suggests a potential for a new upward trend in the stock's performance, indicating a favorable buying opportunity for traders. This positive swing could inspire actions like purchasing the stock outright or investing in call options.
Further bolstering this momentum shift is a historical analysis conducted by Tickeron's A.I.dvisor. By examining 89 comparable instances where BN's Momentum Indicator turned positive, it was found that in 65 of these cases, the stock subsequently experienced an upward movement. This finding establishes a 73% probability of a further climb in the stock's value following a positive shift in its Momentum Indicator.
This insight is particularly valuable for Swing Traders who depend on short-term fluctuations and momentum changes to make their investment decisions. With BN’s robust performance across diversified sectors, yielding a return of 13.15%, and the Momentum Indicator signifying an upward trend, there's a high potential for future gains.
Swing Traders should keep a close eye on BN's positive momentum across consumer, energy, and financial sectors. With the strong odds of a continued upward trend, it could be an opportune moment to consider investment options. This potential swing in momentum could mark the beginning of a lucrative investment journey for traders looking to capitalize on these market trends.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BN declined for three days, in of 280 cases, the price declined further within the following month. The odds of a continued downward trend are .
The 10-day RSI Indicator for BN moved out of overbought territory on September 18, 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 40 similar instances where the indicator moved out of overbought territory. In of the 40 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 BN as a result. In of 86 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 BN turned negative on September 21, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
BN moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend.
BN broke above its upper Bollinger Band on September 14, 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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The 10-day moving average for BN crossed bullishly above the 50-day moving average on September 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 BN advanced for three days, in of 346 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 335 cases where BN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (1.328) is normal, around the industry mean (3.494). BN's P/E Ratio (333.333) is considerably higher than the industry average of (30.596). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.613). Dividend Yield (0.011) settles around the average of (0.071) among similar stocks. P/S Ratio (0.551) is also within normal values, averaging (78.145).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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. BN’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 80, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an alternative asset manager which owns, manages and operates real estate, financial and power generation related businesses
A.I.dvisor indicates that over the last year, BN has been closely correlated with KKR. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if BN jumps, then KKR could also see price increases.