Successful 11.85% Gain: RES Sector Rotation Swing Trading Strategy
Swing Trader: Sector Rotation Strategy (TA&FA) Generates 11.85% for RES
There has been a positive shift in the short-term momentum for RES, as evidenced by its technical analysis (TA) data. On June 13, 2023, the 10-day moving average of RES bullishly crossed above its 50-day moving average, highlighting a promising investment signal.
This crossover is a critical juncture for RES, indicating a higher trend shift. As such, investors could interpret this as a strong buy signal, presenting an optimal opportunity to capitalize on the rising value of the stock. A combination of this technical analysis with fundamental analysis (FA) – examining the company's financial health and market position – provides a comprehensive sector rotation strategy that can bolster returns.
Historical analysis strengthens this assertion. In the past 16 instances where the 10-day moving average crossed above the 50-day moving average, RES continued its upward trajectory over the subsequent month. This track record implies a robust trend consistency, making RES a compelling investment in the short run.
What's truly exciting is the promising statistical outlook. With a 90% chance of a continued upward trend, the sector rotation strategy utilizing both TA and FA signals is more than just a theoretical model. This figure, derived from the past performance of RES when similar market conditions were present, suggests that the stock has a high probability of maintaining its bullish momentum.
This strategy's effectiveness is substantiated by the 11.85% generated for RES. This remarkable return validates the sector rotation strategy (TA&FA), indicating the potential for significant financial gains when this method is applied.
The bullish crossover of RES's 10-day and 50-day moving averages, coupled with historical data and a high probability of a continued upward trend, make a compelling case for investment. The demonstrated success of the sector rotation strategy using TA&FA underscores the potential of this approach in generating attractive returns.
RES sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for RES moved above the 200-day moving average on September 11, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 05, 2023. You may want to consider a long position or call options on RES as a result. In of 72 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 RES just turned positive on September 06, 2023. Looking at past instances where RES's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
RES moved above its 50-day moving average on September 01, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RES advanced for three days, in of 290 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 201 cases where RES 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 RES moved out of overbought territory on September 15, 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 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RES declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RES broke above its upper Bollinger Band on September 14, 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.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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. RES’s price grows at a higher rate over the last 12 months as compared to 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 (1.962) is normal, around the industry mean (3.823). P/E Ratio (6.631) is within average values for comparable stocks, (40.511). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.121). Dividend Yield (0.016) settles around the average of (0.040) among similar stocks. P/S Ratio (1.042) is also within normal values, averaging (2.408).
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 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.
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. RES’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 86, placing this stock worse than average.
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 provider of oil field and equipment rental services
Industry OilfieldServicesEquipment
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| IRGUX | 33.53 | -0.40 | -1.18% |
| Voya Russell Mid Cap Growth Idx Port S | |||
| VIVAX | 53.99 | -0.68 | -1.24% |
| Vanguard Value Index Inv | |||
| TRSLX | 5.12 | -0.07 | -1.35% |
| Transamerica Small Cap Value R | |||
| ORIYX | 7.95 | -0.11 | -1.36% |
| North Square Spectrum Alpha Fund I | |||
| GSPQX | 14.32 | -0.22 | -1.51% |
| Goldman Sachs US Eq Div and Premium C | |||
RES and
Correlation & Price change
A.I.dvisor indicates that over the last year, RES has been closely correlated with LBRT. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if RES jumps, then LBRT could also see price increases.
| Ticker / NAME | Correlation To RES | 1D Price Change % | ||
|---|---|---|---|---|
| RES | 100% | -1.56% | ||
| LBRT - RES | 80% Closely correlated | -1.50% | ||
| PUMP - RES | 77% Closely correlated | -1.46% | ||
| NEX - RES | 75% Closely correlated | N/A | ||
| HAL - RES | 75% Closely correlated | -0.46% | ||
| NOV - RES | 72% Closely correlated | -1.20% | ||
More | ||||