Swing Trader: Sector Rotation Strategy (TA&FA) for 18.17% Gains in BRY
Swing Trader: Sector Rotation Strategy (TA&FA) Generates 18.17% for BRY
The swing trading strategy based on sector rotation, combining technical analysis (TA) and fundamental analysis (FA), has proven to be successful for BRY, generating a return of 18.17%. This article will explore the indicators and analysis that support the potential for a continued upward trend in BRY's price.
RSI Indicator Suggests Transition to an Upward Trend
The Relative Strength Index (RSI) is indicating a shift from a downward trend to an upward trend for BRY. When BRY's RSI Oscillator exited the oversold zone in the past, it resulted in price increases in 30 out of 35 instances. Tickeron's analysis indicates that there is an 86% probability of a continued upward trend. This suggests that BRY may be poised for further price appreciation.
Stochastic Oscillator Signals Potential Price Bounce
The Stochastic Oscillator, another popular technical indicator, shows that BRY has remained in the oversold zone for one day. This indicates that a price bounce may be expected in the near future. Traders can interpret this as a potential opportunity to enter a trade at a favorable price level.
Positive Momentum Following a 3-Day Advance
BRY has experienced a significant 3-day advance of +2.84%. Historical data shows that in 239 out of 295 cases where BRY advanced for three days, the price continued to rise further within the following month. This suggests that there is an 81% probability of a continued upward trend for BRY. Traders may consider this positive momentum as an indication of potential future price growth.
Consideration for Buying or Exploring Call Options
Given the indicators and analysis discussed, it is reasonable for traders to consider buying BRY's stock or exploring call options. The possibility of BRY jumping back above the lower band and heading toward the middle band supports this potential opportunity. However, it is important to conduct further research and analysis before making any investment decisions.
The swing trading strategy of sector rotation, incorporating both technical and fundamental analysis, has resulted in a significant return of 18.17% for BRY. The RSI indicator, Stochastic Oscillator, and positive momentum following a 3-day advance all suggest the potential for a continued upward trend. Traders may consider buying the stock or exploring call options but should exercise caution and conduct thorough analysis before making any investment decisions.
Momentum Indicator for BRY turns positive, indicating new upward trend
BRY saw its Momentum Indicator move above the 0 level on September 27, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned positive. In of the 89 cases, the stock moved higher in the following days. The odds of a move higher are at .
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 59 cases where BRY'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 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 297 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 .
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 31 similar instances where the indicator moved out of overbought territory. In of the 31 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 BRY turned negative on September 06, 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 51 similar instances when the indicator turned negative. In of the 51 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 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.
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 (0.847) is normal, around the industry mean (6.255). P/E Ratio (2.467) is within average values for comparable stocks, (16.553). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.544). Dividend Yield (0.145) settles around the average of (0.124) among similar stocks. P/S Ratio (0.753) is also within normal values, averaging (120.464).
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 76, 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
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% | +1.18% | ||
| FANG - BRY | 74% Closely correlated | -0.06% | ||
| CHRD - BRY | 73% Closely correlated | -0.02% | ||
| MRO - BRY | 73% Closely correlated | +0.07% | ||
| MGY - BRY | 71% Closely correlated | -1.86% | ||
| OVV - BRY | 71% Closely correlated | +0.59% | ||
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