Swing Trader: Boost Returns by 40.42% with NOG's Sector Rotation Strategy
Stellar Performance: NOG's Sector Rotation Strategy (TA&FA) Delivers 40.42%
Northern Oil and Gas, Inc. (NOG) has displayed a remarkable upward trend, delivering a yield of 40.42% thanks to the strategic application of a Swing Trader: Sector Rotation Strategy using both Technical Analysis (TA) and Fundamental Analysis (FA). This integrated approach continues to drive robust returns for the energy sector company, affirming the effectiveness of this trading strategy.
NOG's strategy hinges upon the idea of shifting investments to outperforming sectors in a cyclical market, thus maximizing returns and capitalizing on market trends. This blend of TA and FA delivers a comprehensive understanding of the market's ebbs and flows, combining the strengths of both methodologies.
In a recent highlight, the Moving Average Convergence Divergence (MACD) for NOG turned positive on June 27, 2023. The MACD, a trend-following momentum indicator, reveals changes in the strength, direction, momentum, and duration of a stock's price trend. In NOG's case, the MACD histogram crossed above the signal line, often interpreted as a buy signal by investors.
Historically, such a cross in the positive territory for NOG has signaled bullishness. Evidence from past instances where NOG's MACD turned positive shows the stock continued to rise in 43 of 47 cases over the following month. This equates to an impressive success rate of 90% for a continued upward trend post a positive MACD crossover. Such a pattern provides a robust and statistically compelling basis for optimism about NOG's near-term performance.
The performance of NOG has been remarkable in its use of the Swing Trader: Sector Rotation Strategy. The interplay of TA and FA has given NOG an edge in the market, ensuring strong returns. The recent positive MACD crossover offers further reinforcement for an optimistic outlook for NOG's performance in the coming period. As the energy sector continues to evolve, NOG's strategic approach to sector rotation and the tactical use of trading indicators will remain a cornerstone of its success.
NOG's RSI Indicator leaves overbought zone
The 10-day RSI Indicator for NOG moved out of overbought territory on September 05, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 instances where the indicator moved out of the overbought zone. In of the 30 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NOG as a result. In of 100 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 NOG turned negative on September 11, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
NOG moved below its 50-day moving average on September 20, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NOG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NOG broke above its upper Bollinger Band on September 01, 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 NOG advanced for three days, in of 307 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 268 cases where NOG 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 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. NOG’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 (2.558) is normal, around the industry mean (6.197). P/E Ratio (2.672) is within average values for comparable stocks, (16.491). Projected Growth (PEG Ratio) (0.847) is also within normal values, averaging (2.534). Dividend Yield (0.032) settles around the average of (0.125) among similar stocks. P/S Ratio (1.938) is also within normal values, averaging (120.438).
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. NOG’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 77, placing this stock better than average.
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 drills exploratory and developmental wells, primarily in the northern regions of the US and southern Canada.
Industry OilGasProduction
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NOG and
Correlation & Price change
A.I.dvisor indicates that over the last year, NOG has been closely correlated with MGY. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if NOG jumps, then MGY could also see price increases.
| Ticker / NAME | Correlation To NOG | 1D Price Change % | ||
|---|---|---|---|---|
| NOG | 100% | +0.59% | ||
| MGY - NOG | 83% Closely correlated | -0.22% | ||
| MRO - NOG | 83% Closely correlated | +1.12% | ||
| FANG - NOG | 83% Closely correlated | -0.52% | ||
| ERF - NOG | 82% Closely correlated | +1.20% | ||
| MTDR - NOG | 82% Closely correlated | -0.31% | ||
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