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published in Blogs
Jun 29, 2023

Boost Your Returns: GT's 10.19% Gain via Swing Trading & Sector Rotation

Harnessing the Power of Swing Trading: How the Sector Rotation Strategy Yielded 10.19% for GT

Investing in the stock market is always a journey, filled with ups, downs, and unexpected twists. For swing traders, that journey is often charted with the help of both Technical Analysis (TA) and Fundamental Analysis (FA). These tools offer different, yet complementary, views of a company’s potential, helping traders navigate market uncertainties and unearth profitable opportunities.

One company where the blending of these two methods has recently shown success is GT. Utilizing a sector rotation strategy, swing traders have reaped a significant return of 10.19%. This approach is rooted in the observation of market cycles and the timing of investment into sectors that are expected to perform better during different stages of the economic cycle.

In TA, GT's stock seems to be in an optimal position to bounce back, as it may jump back above the lower band and head toward the middle band. This movement indicates a potential positive momentum, which could yield profitable results for traders. As a result, this stock could be an interesting buy opportunity or, for the options traders, a chance to explore call options.

Sector rotation strategy doesn’t just stop at the TA, however. Fundamental factors come into play as well. When selecting a sector to invest in, one should take into account macroeconomic factors and the overall financial health of companies within the sector. GT's promising technical setup combined with strong fundamentals further bolsters its attractiveness as an investment.

As GT potentially heads toward the middle band, this sets the stage for a promising swing trading opportunity. Traders who can ride this wave could potentially see substantial gains as the stock readjusts its position.

In the constantly shifting landscape of the market, finding the right strategy for your investments is critical. By embracing a blend of TA and FA, and applying a well-executed sector rotation strategy, swing traders can leverage the market's movements to their advantage. GT’s recent performance serves as a robust example of how this strategy can yield impressive results, giving traders the potential for strong returns in this ever-evolving market landscape.

Related Ticker: GT

GT's Stochastic Oscillator descending into oversold zone

The Stochastic Oscillator for GT moved into oversold territory on September 25, 2023. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GT's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 25, 2023. You may want to consider a long position or call options on GT as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GT just turned positive on August 28, 2023. Looking at past instances where GT's MACD turned positive, the stock continued to rise in of 38 cases 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 GT advanced for three days, in of 294 cases, the price rose further within the following month. The odds of a continued upward trend are .

GT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

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. GT’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 significantly overvalued 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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (0.694) is normal, around the industry mean (3.077). GT's P/E Ratio (769.231) is considerably higher than the industry average of (39.402). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.666). GT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.174) is also within normal values, averaging (5.438).

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. GT’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 88, placing this stock worse than average.

Notable companies

The most notable companies in this group are Goodyear Tire & Rubber Company (The) (NASDAQ:GT).

Industry description

OEM or Original Equipment Manufacturer of auto parts refers to the original producer of a vehicle's components, and so OEM car parts are usually identical to the parts used in producing the vehicle in the first place. OEM parts tend to fit the specifications of a particular model, and their compatibility is often guaranteed by the automaker itself. OEM parts could be more expensive to buy (compared to other vendors’ products) when a consumer goes for replacement. However, increased competition from aftermarket parts/third-party vendors could, in some cases, keep EOM prices in check. The industry might progress further in adopting newer technologies like 3D printing to boost supply chain performance and quality. Aptiv PLC, Magna International Inc. and BorgWarner Inc. are major OEMs for autos.

Market Cap

The average market capitalization across the Auto Parts: OEM Industry is 5.01B. The market cap for tickers in the group ranges from 206 to 52.56B. DNZOY holds the highest valuation in this group at 52.56B. The lowest valued company is JBZY at 206.

High and low price notable news

The average weekly price growth across all stocks in the Auto Parts: OEM Industry was -3%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was 1%. JVCZY experienced the highest price growth at 12%, while AMGRF experienced the biggest fall at -67%.

Volume

The average weekly volume growth across all stocks in the Auto Parts: OEM Industry was -28%. For the same stocks of the Industry, the average monthly volume growth was -2% and the average quarterly volume growth was -19%

Fundamental Analysis Ratings

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

Valuation Rating: 43
P/E Growth Rating: 57
Price Growth Rating: 58
SMR Rating: 62
Profit Risk Rating: 88
Seasonality Score: -3 (-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 manufacturer of tires and other rubber products

Industry AutoPartsOEM

Profile
Fundamentals
Details
Industry
Automotive Aftermarket
Address
200 Innovation Way
Phone
+1 330 796-2121
Employees
74000
Web
https://www.goodyear.com
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GT and

Correlation & Price change

A.I.dvisor indicates that over the last year, GT has been loosely correlated with BWA. These tickers have moved in lockstep 54% of the time. This A.I.-generated data suggests there is some statistical probability that if GT jumps, then BWA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GT
1D Price
Change %
GT100%
-1.36%
BWA - GT
54%
Loosely correlated
-3.44%
DAN - GT
53%
Loosely correlated
-2.99%
GNTX - GT
52%
Loosely correlated
-1.61%
LKQ - GT
52%
Loosely correlated
-1.90%
LEA - GT
52%
Loosely correlated
-1.70%
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