ESTE's Swing Trading: Potent Sector Rotation Strategy - Up by 44.15%
Swing Trader: Sector Rotation Strategy (TA&FA) Generates for ESTE an Astonishing 44.15% Return
In the dynamic landscape of the financial markets, one of the most effective investment strategies that have emerged is the Sector Rotation Strategy, leveraging both Technical Analysis (TA) and Fundamental Analysis (FA). This strategy has recently proven its efficacy yet again, securing an impressive 44.15% return for ESTE.
ESTE's journey on the chart started with an admirable three-day climb, appreciating by 6.89%. The success didn't stop there; the data projections hinted at even more optimistic figures. Based on historical data, in 265 out of 310 instances where ESTE advanced for three consecutive days, the momentum was sustained, and the price continued to grow in the following month. This translates into an 85% probability for a continued upward trend, indicating a highly bullish market sentiment.
Sector Rotation Strategy is a potent tool that allows investors to navigate complex market currents. By strategically moving their investments from one sector to another based on economic cycles, investors aim to capitalize on the boom periods of different sectors while avoiding their respective downturns.
When employing this strategy, it's crucial to couple it with both TA and FA. TA aids in identifying the market's direction and timing the entry and exit points. It utilizes charts and indicators to analyze past market trends and predict future price movements.
On the other hand, FA dives deeper into the financial health and performance of the company. It evaluates key metrics like earnings, balance sheets, and macroeconomic indicators to form a comprehensive view of the company's value. By integrating these two methodologies, investors are better equipped to make informed decisions and enhance returns.
In the case of ESTE, the strategy has yielded a noteworthy 44.15% return. The impressive three-day rally initially signaled investors' potential growth. When followed up with TA, the trend seemed strong, and FA confirmed the company's solid fundamentals, indicating a robust investment opportunity.
However, it is important to remember that while an 85% chance of a continued upward trend is encouraging, it is not a guarantee. Investment always carries risk, and past performance is not a definitive indicator of future results. Thus, investors should always diversify their portfolios, conduct thorough research, and consider seeking advice from financial professionals before making significant investment decisions.
In conclusion, the exceptional performance of ESTE underlines the effectiveness of the Sector Rotation Strategy backed by robust TA and FA. This result is a testament to the potential of smart and informed investing in generating substantial returns. But remember, stay vigilant, remain diversified, and never stop learning.
Momentum Indicator for ESTE turns negative, indicating new downward trend
ESTE saw its Momentum Indicator move below the 0 level on September 14, 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 92 similar instances where the indicator turned negative. In of the 92 cases, the stock moved further down in the following days. The odds of a decline are at .
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 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESTE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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 7 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 77, 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 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 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 (1.152) is normal, around the industry mean (6.197). P/E Ratio (4.174) is within average values for comparable stocks, (16.492). Projected Growth (PEG Ratio) (0.385) is also within normal values, averaging (2.534). Dividend Yield (0.000) settles around the average of (0.125) among similar stocks. P/S Ratio (1.135) is also within normal values, averaging (120.438).
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.
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% | +3.21% | ||
| VTLE - ESTE | 83% Closely correlated | +2.21% | ||
| MGY - ESTE | 81% Closely correlated | +1.89% | ||
| MRO - ESTE | 81% Closely correlated | +1.72% | ||
| NOG - ESTE | 80% Closely correlated | +2.03% | ||
| CPE - ESTE | 80% Closely correlated | +2.78% | ||
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