$ESTE's Sector Rotation Strategy: Boost Profits by 41.46% with Swing Trading
Swing Trader: Sector Rotation Strategy (TA&FA) Generates 41.46% for ESTE
Sector rotation is a proactive investment strategy that involves shifting investment allocations in a portfolio and responding to changes in economic cycles. Among the array of strategies available for traders, ESTE has demonstrated the efficacy of this particular strategy, as it has generated a significant return of 41.46%.
ESTE has recently been on a +4.08% uptrend, exhibiting growth for three consecutive days as of July 13, 2023. This consistent growth pattern over several days is often interpreted as a bullish sign, suggesting the potential for further advances. Investors and traders alike should monitor this stock closely for potential future growth, as it may continue to climb higher based on its recent performance trends.
In an intriguing examination of past performance data, the company's stock price continued to rise after a three-day growth period in 263 out of 307 instances. This implies that the probability of a continued upward trend following a three-day advance is approximately 86%. These encouraging statistics provide further evidence supporting the expectation of continued growth.
The Sector Rotation Strategy (TA&FA) employed by ESTE offers a proactive approach to trading. By strategically rotating investments in response to different phases of the economic cycle, it aims to capitalize on the potential for growth in various sectors. The impressive 41.46% return generated by this strategy underpins its value, indicating its potential to generate substantial gains.
ESTE's recent uptrend and impressive historical performance, along with the substantial return generated by the Sector Rotation Strategy, all underscore the stock's potential for future growth. As a result, ESTE should continue to be on the radar of keen market observers and investors aiming to maximize their returns.
ESTE in -1.80% downward trend, declining for three consecutive days on September 20, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ESTE declined for three days, in of 306 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for ESTE moved out of overbought territory on September 11, 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 38 similar instances where the indicator moved out of overbought territory. In of the 38 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 September 14, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ESTE as a result. In of 92 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 ESTE turned negative on September 12, 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
ESTE broke above its upper Bollinger Band on August 21, 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.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ESTE advanced for three days, in of 313 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 261 cases where ESTE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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 76, placing this stock better than average.
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 steady price growth. ESTE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 fair valued 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 (1.188) is normal, around the industry mean (6.265). P/E Ratio (4.307) is within average values for comparable stocks, (16.555). Projected Growth (PEG Ratio) (0.398) is also within normal values, averaging (2.543). Dividend Yield (0.000) settles around the average of (0.124) among similar stocks. P/S Ratio (1.171) is also within normal values, averaging (120.452).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company which engages in the exploration of crude oil and natural gas
Industry OilGasProduction
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ESTE and
Correlation & Price change
A.I.dvisor indicates that over the last year, ESTE has been closely correlated with VTLE. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESTE jumps, then VTLE could also see price increases.
| Ticker / NAME | Correlation To ESTE | 1D Price Change % | ||
|---|---|---|---|---|
| ESTE | 100% | -0.61% | ||
| VTLE - ESTE | 83% Closely correlated | -0.95% | ||
| MGY - ESTE | 81% Closely correlated | +0.04% | ||
| MRO - ESTE | 81% Closely correlated | -1.20% | ||
| NOG - ESTE | 80% Closely correlated | +0.33% | ||
| CPE - ESTE | 80% Closely correlated | -0.73% | ||
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