Boost Your Portfolio: CRGY's Swing Trading Sector Rotation Strategy Yields 10.65%
Boost in Performance: Swing Trader's Sector Rotation Strategy Amplifies Returns for CRGY
Leading energy company CRGY has demonstrated a promising trajectory, courtesy of the Sector Rotation Strategy (Technical Analysis & Fundamental Analysis, TA&FA). With a recent surge, CRGY has produced an impressive return of 10.65%, a testament to the efficacy of this adaptive investment strategy. The utilization of this Swing Trader approach has allowed CRGY to navigate the market dynamics efficiently, thus leading to this robust return.
Underlying this success is the Stochastic Oscillator, a critical tool in the arsenal of swing traders. For CRGY, the Stochastic Oscillator has recently made a successful climb out of the oversold territory. This shift has proven beneficial for CRGY, translating to a significant gain in returns.
The Swing Trader's Sector Rotation Strategy, utilizing both TA&FA, emphasizes the importance of analyzing different sectors and moving the focus from one to another based on market trends. For CRGY, this approach has resulted in a significant gain. The strategy's focus on timing trades, based on economic cycles, and pivoting between sectors based on this analysis, has yielded fruit.
The movement of the Stochastic Oscillator out of oversold territory indicates a potential reversal in CRGY's previous downtrend, signaling an ideal time to enter the market. Such an indication is vital for swing traders who leverage short-term price patterns and trends to pick winning stocks. In the case of CRGY, this strategy has substantiated the company's position in the market by realizing a considerable return.
The commendable performance of CRGY is a direct result of applying the Swing Trader: Sector Rotation Strategy, making full use of both technical and fundamental analysis tools. The rise of the Stochastic Oscillator out of the oversold territory underlines the utility of such an approach, underlining the effectiveness of adaptable trading strategies in navigating the complex waters of the investment market. CRGY's impressive 10.65% return is a testament to the potential of such a comprehensive and dynamic approach in the world of investment and finance.
CRGY's Stochastic Oscillator remains in oversold zone for 7 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.
Technical Analysis (Indicators)
Bullish Trend Analysis
CRGY moved above its 50-day moving average on October 01, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CRGY crossed bullishly above the 50-day moving average on September 27, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 9 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 .
The 50-day moving average for CRGY moved above the 200-day moving average on October 15, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRGY advanced for three days, in of 175 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 106 cases where CRGY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CRGY moved out of overbought territory on October 15, 2024. 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 14 similar instances where the indicator moved out of overbought territory. In of the 14 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 October 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CRGY as a result. In of 55 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 CRGY turned negative on October 17, 2024. 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 27 similar instances when the indicator turned negative. In of the 27 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 CRGY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CRGY broke above its upper Bollinger Band on October 02, 2024. 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 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 (0.722) is normal, around the industry mean (5.175). P/E Ratio (29.519) is within average values for comparable stocks, (19.495). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.525). Dividend Yield (0.041) settles around the average of (0.085) among similar stocks. P/S Ratio (0.842) is also within normal values, averaging (153.585).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CRGY’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. CRGY’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 75, placing this stock worse than average.
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General Information
Industry OilGasProduction