The Swing Trader's Sector Rotation Strategy has been proving its effectiveness with impressive results, particularly for PR. Utilizing both Technical Analysis (TA) and Fundamental Analysis (FA), this strategy has managed to generate a remarkable return of 25.36% for PR.
PR in Upward Trend: A Bullish Signal
On June 14, 2023, a significant event occurred for PR's price action. The 10-day moving average crossed bullishly above the 50-day moving average. This technical occurrence is often considered a strong buy signal, indicating a potential shift towards a higher trend.
Historical Performance Indicates Favorable Odds
The recent crossover event is not without historical precedent. In fact, out of 15 previous instances when the 10-day moving average crossed above the 50-day moving average, 14 of them resulted in PR's stock continuing its upward trajectory over the following month. This remarkable track record suggests that the odds of PR's continued upward trend stand at an impressive 90%.
Understanding Sector Rotation Strategy
Sector rotation is a strategy that involves strategically shifting investments between different sectors based on their relative strength and potential for growth. Combining Technical Analysis, which focuses on historical price patterns and market trends, with Fundamental Analysis, which assesses a company's financial health and growth prospects, allows the Swing Trader to make informed decisions and capitalize on opportunities in the market.
The Swing Trader's Sector Rotation Strategy, incorporating both Technical Analysis and Fundamental Analysis, has demonstrated its prowess with a substantial 25.36% return for PR. The recent bullish crossover of the 10-day moving average above the 50-day moving average indicates a high probability of PR's continued upward trend. Investors and traders keen on capitalizing on sector rotations may find this strategy particularly appealing as it seeks to maximize gains during changing market conditions.
PR 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 81 similar instances where the indicator turned negative. In of the 81 cases, the stock moved further down in the following days. The odds of a decline are at .
The 10-day RSI Indicator for PR 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 35 similar instances where the indicator moved out of overbought territory. In of the 35 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 PR 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 39 similar instances when the indicator turned negative. In of the 39 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 PR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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 PR advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .
PR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 250 cases where PR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (1.295) is normal, around the industry mean (6.203). P/E Ratio (8.969) is within average values for comparable stocks, (16.572). Projected Growth (PEG Ratio) (1.202) is also within normal values, averaging (2.537). Dividend Yield (0.023) settles around the average of (0.125) among similar stocks. P/S Ratio (1.730) is also within normal values, averaging (120.472).
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. PR’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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an investment holding company with interest in the oil and natural gas
A.I.dvisor indicates that over the last year, PR has been closely correlated with CPE. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if PR jumps, then CPE could also see price increases.