CHRD's Swing Trader Strategy: 18.41% Gain via Sector Rotation
Swing Trader: Sector Rotation Strategy (TA&FA) Generates Impressive 18.41% for CHRD
The magic of technical analysis and fundamental analysis (TA&FA) once again proves itself as the Sector Rotation Strategy for Swing Trader generates an impressive 18.41% return for CHRD. This strategy involves moving investments between different sectors in response to market cycle changes and macroeconomic trends, and it seems to be paying off for CHRD investors.
CHRD has displayed an encouraging bullish trend, with the price showing a promising +5.50% three-day advance. Historically, out of 306 similar instances, the price rose further in 258 cases within the subsequent month. This represents a robust 84% probability of an upward price trajectory continuation, reflecting strong confidence in the strategy's future performance.
Another significant indication of CHRD's positive performance is the recent movement of the Aroon Indicator, which entered an uptrend today. The Aroon Indicator is a popular tool among traders to determine whether a stock is trending or not, and in what magnitude. It is designed to reveal the start of a new trend, and its strength, and can also anticipate changes in a trend.
With respect to CHRD, the Aroon Indicator's entry into an uptrend has historically resulted in a price increase in 185 out of 249 cases within the following month. This solidifies an impressive 74% likelihood of an ongoing uptrend.
The use of technical and fundamental analysis within the Sector Rotation Strategy for Swing Trading has reaped remarkable benefits for CHRD. Both the three-day advance and Aroon Indicator's movement into an uptrend represent strong indicators of continued positive performance. With such robust potential, CHRD provides an excellent example of how swing traders can leverage sector rotation to their advantage, harnessing the power of market cycles for impressive returns.
CHRD's RSI Oscillator climbs out of oversold territory
The RSI Indicator for CHRD moved out of oversold territory on September 27, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 18 similar instances when the indicator left oversold territory. In of the 18 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CHRD advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHRD 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
The Momentum Indicator moved below the 0 level on October 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CHRD as a result. In of 90 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 CHRD turned negative on October 28, 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 45 similar instances when the indicator turned negative. In of the 45 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 CHRD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CHRD entered a downward trend on October 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.
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 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 (1.454) is normal, around the industry mean (5.175). P/E Ratio (7.560) 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 (0.058) settles around the average of (0.085) among similar stocks. P/S Ratio (1.979) is also within normal values, averaging (153.585).
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CHRD’s price grows at a lower 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.
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General Information
a company which engages in the acquisition and development of oil & natural gas resources
Industry OilGasProduction