Swing Trader: Diversified 6.24% Returns in Consumer, Energy, and Financial Sectors
Swing Trading Opportunities: Consumer, Energy, and Financial Sectors Prove Profitable for BRY with a 6.24% Return
Swing trading is a popular strategy employed by traders seeking short-term gains by capitalizing on market fluctuations. In recent times, the consumer, energy, and financial sectors have demonstrated promising opportunities for swing traders. This article focuses on the performance of BRY, a diversified swing trading portfolio, which generated an impressive return of 6.24%. We will delve into the current market conditions and historical data to assess the potential for further growth in the coming weeks.
Analyzing Recent Performance:
After experiencing a notable 2.84% three-day advance, BRY's price is expected to continue its upward trajectory. To gain insights into the future movement of BRY, we examine historical data, specifically situations where the asset demonstrated a three-day upward trend. Our analysis reveals that in 239 out of 295 instances, the price continued to rise within the subsequent month. This statistical evidence indicates that the odds of a sustained upward trend for BRY stand at a promising 81%.
Opportunities in the Consumer, Energy, and Financial Sectors:
The success of swing trading BRY can be attributed to the favorable conditions within the consumer, energy, and financial sectors. Consumer sector companies represent a broad range of industries, including retail, leisure, and entertainment. As economies recover and consumer spending increases, these companies are poised to benefit from rising demand and improved profitability.
In the energy sector, recent developments such as a rebound in oil prices and increased global energy consumption have created attractive trading opportunities. Traders who carefully analyze the market dynamics can identify energy companies with strong fundamentals and positive growth prospects, leading to potentially profitable swing trading positions.
The financial sector, which includes banks, insurance companies, and asset management firms, has also exhibited promising performance. Factors such as low-interest rates, regulatory changes, and economic growth can positively impact financial companies, providing ample room for swing traders to capitalize on short-term price movements.
With swing trading generating a solid 6.24% return for BRY, the consumer, energy, and financial sectors have proven to be fruitful grounds for profitable trades. The statistical analysis of historical data further supports the likelihood of continued upward momentum for BRY, with an 81% chance of an ongoing upward trend.
However, it is important to note that swing trading, like any investment strategy, carries inherent risks. Traders should exercise caution, conduct thorough research, and employ appropriate risk management techniques before engaging in swing trading activities.
BRY sees MACD Histogram crosses below signal line
BRY saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 06, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 53 instances where the indicator turned negative. In of the 53 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for BRY moved out of overbought territory on September 05, 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 33 similar instances where the indicator moved out of overbought territory. In of the 33 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 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BRY as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BRY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BRY 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 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.
The 50-day moving average for BRY moved above the 200-day moving average on August 30, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BRY advanced for three days, in of 299 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 209 cases where BRY 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 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 (0.803) is normal, around the industry mean (6.203). P/E Ratio (2.339) is within average values for comparable stocks, (16.572). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.537). Dividend Yield (0.152) settles around the average of (0.125) among similar stocks. P/S Ratio (0.714) is also within normal values, averaging (120.472).
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. BRY’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 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. BRY’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 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 company which engages in the exploration and production of domestic oil & natural gas reserves
Industry OilGasProduction
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BRY and
Correlation & Price change
A.I.dvisor indicates that over the last year, BRY has been closely correlated with FANG. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if BRY jumps, then FANG could also see price increases.
| Ticker / NAME | Correlation To BRY | 1D Price Change % | ||
|---|---|---|---|---|
| BRY | 100% | N/A | ||
| FANG - BRY | 74% Closely correlated | -1.00% | ||
| CHRD - BRY | 73% Closely correlated | -0.56% | ||
| MRO - BRY | 73% Closely correlated | -1.07% | ||
| MGY - BRY | 71% Closely correlated | -0.76% | ||
| OVV - BRY | 71% Closely correlated | -1.93% | ||
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