CBRL's Swing Trader: 11.38% Gain via Sector Rotation Strategy
Swing Trader's Sector Rotation Strategy Realizes Impressive Returns for CBRL
The latest financial analysis reveals that the Swing Trader's Sector Rotation Strategy, which is a combination of Technical Analysis (TA) and Fundamental Analysis (FA), has achieved significant returns for CBRL. The strategy has notably generated a commendable 11.38% gain, indicating the robustness and the potential efficacy of this approach.
Positive Momentum Indicator Heralds New Upward Trend for CBRL
The momentum indicator, a key tool in assessing market sentiment and direction, turned positive for CBRL on June 26, 2023. This shift above the 0 levels is a promising indication that the stock might be on the precipice of an upward move. Given this signal, traders might want to consider potential investment opportunities such as buying the stock or call options.
High Probability of Gains Predicted by A.I.dvisor
In an effort to validate this upward trend, Tickeron's A.I.dvisor analyzed 86 similar instances in which the momentum indicator turned positive. The results were quite encouraging: the stock moved higher in 72% of the cases, with 62 of the 86 instances showing increased value. This indicates that the odds for CBRL to move higher in the upcoming days are significantly favorable.
The positive shift in CBRL's momentum indicator, coupled with the compelling historical evidence from Tickeron's A.I.dvisor, presents a strong case for potential investment. It underscores the promising returns that can be achieved through the Sector Rotation Strategy in swing trading. Nevertheless, investors should continue to monitor the market and financial news closely, staying abreast of any changes that could impact the future performance of CBRL's stock.
Momentum Indicator for CBRL turns positive, indicating new upward trend
CBRL saw its Momentum Indicator move above the 0 level on October 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned positive. In of the 87 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for CBRL just turned positive on October 16, 2024. Looking at past instances where CBRL's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
CBRL moved above its 50-day moving average on September 24, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CBRL crossed bullishly above the 50-day moving average on September 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 CBRL advanced for three days, in of 311 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 152 cases where CBRL 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 CBRL moved out of overbought territory on October 22, 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 28 similar instances where the indicator moved out of overbought territory. In of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where CBRL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CBRL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CBRL broke above its upper Bollinger Band on October 17, 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 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 (2.288) is normal, around the industry mean (5.853). P/E Ratio (24.781) is within average values for comparable stocks, (55.606). CBRL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.769). CBRL has a moderately high Dividend Yield (0.091) as compared to the industry average of (0.038). P/S Ratio (0.292) is also within normal values, averaging (3.661).
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 fairly steady price growth. CBRL’s price grows at a lower 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 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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CBRL’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 83, placing this stock worse than average.
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General Information
an operator of Cracker Barrel restaurants through its subsidiary
Industry Restaurants