Swing Trader's TA&FA: TROW's Sector Rotation Boasts 25.23% Returns!
Swing Trader: Sector Rotation Strategy (TA&FA) Generates 25.23% for TROW
The implementation of the Sector Rotation Strategy through both technical and fundamental analysis (TA&FA) has proven incredibly profitable for TROW (T. Rowe Price Group), with a substantial gain of 25.23%.
A robust upward trend has been identified in TROW's recent performance. A pivotal event occurred on June 22, 2023, when TROW's price notably broke its lower Bollinger Band, a commonly used tool in technical analysis. When a price breaks through this lower band, it often signifies a potential reversal point, hinting toward an upcoming rise in stock price.
Anticipating the pattern of such occurrences, traders might find it strategically beneficial to consider purchasing the stock or exploring call options. Bollinger Bands are excellent market indicators and the recent move suggests an imminent swing to the upside.
Historical trends solidify this perspective. In the case of TROW, 26 out of 34 instances where the price broke its lower Bollinger Band have been followed by a price rise in the subsequent month. This statistic yields a probability of 76% for a continued upward trend, presenting a highly optimistic outlook for the stock in the near future.
This valuable data aids traders to capitalize on potential bullish trends, providing an opportunity to take advantage of the expected increase in TROW's value. The significant 25.23% generated by the sector rotation strategy demonstrates the effectiveness of this methodology, particularly when combined with both technical and fundamental analysis.
Investors using these predictive indicators and historical data can make informed decisions about when to enter or exit a position, ensuring they can benefit from any swing in price. As TROW continues to exhibit strong performance, it is an ideal candidate for such a strategy, promising substantial returns for savvy traders.
TROW in +1.45% Uptrend, advancing for three consecutive days on October 11, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where TROW advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where TROW's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TROW just turned positive on October 11, 2024. Looking at past instances where TROW's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
TROW moved above its 50-day moving average on October 04, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TROW crossed bullishly above the 50-day moving average on September 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for TROW moved out of overbought territory on September 20, 2024. 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 48 similar instances where the indicator moved out of overbought territory. In of the 48 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 October 07, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TROW as a result. In of 86 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 50-day moving average for TROW moved below the 200-day moving average on September 12, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TROW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TROW broke above its upper Bollinger Band on September 17, 2024. 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)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 86%.
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 fairly steady price growth. TROW’s price grows at a lower 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 slightly overvalued 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. TROW’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 75, placing this stock worse than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (2.832) is normal, around the industry mean (2.748). P/E Ratio (15.509) is within average values for comparable stocks, (26.853). TROW's Projected Growth (PEG Ratio) (6.314) is slightly higher than the industry average of (3.172). Dividend Yield (0.041) settles around the average of (0.073) among similar stocks. P/S Ratio (4.188) is also within normal values, averaging (11.537).
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 investment management services
Industry InvestmentManagers