As a swing trader, the delicate balance between technical analysis (TA) and fundamental analysis (FA) is crucial for your trading strategy. One such strategy that has been successful in achieving noteworthy results is the Sector Rotation Strategy. The latest triumph under this banner comes from BRY, which has registered a generous 24.17% return, marking it as an exemplar for this technique.
The central beacon in this accomplishment is BRY's Moving Average Convergence Divergence (MACD) crossing above its signal line. This cross happened on July 03, 2023, marking a turning point for BRY that investors should not ignore. The MACD is a momentum oscillator that is widely utilized by traders to identify short-term trends and momentum in a security's price.
In this case, the positive turn of BRY's MACD suggests a significant shift in its momentum. An upward trend in the MACD signifies a bullish signal, which indicates that the stock's price may continue to rise. A cursory look at past instances where BRY's MACD turned positive can offer further insight into this pattern.
Of 51 cases where BRY's MACD has previously turned positive, the stock continued to rise in 45 of these cases over the following month. This provides an impressive success rate of 88%, suggesting a high likelihood of continued upward momentum.
Swing trading using a Sector Rotation Strategy is, thus, a noteworthy method that can provide substantial returns. BRY's example demonstrates the potential gains and effectiveness of this strategy when adequately employed. Relying on TA and FA, swing traders can identify potentially profitable stocks and secure significant gains, just like the 24.17% return BRY recently yielded.
The key to successful swing trading is recognizing and acting on these positive signals, such as a MACD crossing above its signal line. With a keen eye for these signs and a robust trading strategy like Sector Rotation, traders can potentially secure substantial returns on their investments.
BRY saw its Momentum Indicator move below the 0 level on September 11, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned negative. In of the 88 cases, the stock moved further down in the following days. The odds of a decline are at .
The 10-day RSI Indicator for BRY moved out of overbought territory on September 05, 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 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for BRY turned negative on September 06, 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 52 similar instances when the indicator turned negative. In of the 52 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 BRY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BRY broke above its upper Bollinger Band on September 01, 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 shows that the ticker has stayed in the oversold zone for 6 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.
The 50-day moving average for BRY moved above the 200-day moving average on August 30, 2023. 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 BRY advanced for three days, in of 299 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 209 cases where BRY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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 (0.809) is normal, around the industry mean (6.327). P/E Ratio (2.356) is within average values for comparable stocks, (16.573). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.544). Dividend Yield (0.151) settles around the average of (0.124) among similar stocks. P/S Ratio (0.720) is also within normal values, averaging (120.026).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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. BRY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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.
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. BRY’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 76, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which engages in the exploration and production of domestic oil & natural gas reserves
A.I.dvisor indicates that over the last year, BRY has been closely correlated with FANG. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if BRY jumps, then FANG could also see price increases.