Swing Trader: Sector Rotation Strategy (TA&FA) Generates 14.11% for STEP
Swing Trader: The Power of Sector Rotation Strategy (TA&FA) Generating Robust Returns for STEP
The Swing Trader strategy, bolstered by a compelling blend of Technical Analysis (TA) and Fundamental Analysis (FA), has been instrumental in generating an impressive 14.11% return for STEP. This performance underlines the effectiveness of the Sector Rotation Strategy in identifying and capitalizing on valuable investment opportunities.
As of late, STEP's market behavior has exhibited a promising upward trend. This positive trajectory was highlighted when the price surpassed its lower Bollinger Band on June 23, 2023. The Bollinger Bands serve as a technical analysis tool that gauges volatility and provides a relative definition of high and low prices. When a stock breaks its lower Bollinger Band, it signals the potential for a price rebound.
Subsequent to breaching its lower Bollinger Band, STEP's price may climb, offering a potential avenue for profit. Traders may have an opportunity to buy the stock or explore call options, based on this probable price surge.
A historical evaluation of STEP's performance provides further assurance. In 17 out of 20 instances where STEP's price broke through its lower Bollinger Band, the price escalated further in the subsequent month. This indicates an 85% chance of a continued upward trend, underscoring the potential for profitable trading opportunities.
To conclude, the blend of Technical and Fundamental Analysis incorporated in the Swing Trader strategy, specifically the Sector Rotation approach has generated commendable returns for STEP. As trends suggest, the likelihood of a continued upward trajectory for STEP looks promising, signaling a potentially profitable landscape for traders and investors alike.
STEP sees MACD Histogram just turned negative
STEP saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 19, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 24 instances where the indicator turned negative. In of the 24 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 STEP moved out of overbought territory on September 18, 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 24 similar instances where the indicator moved out of overbought territory. In of the 24 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where STEP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
STEP broke above its upper Bollinger Band on August 29, 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 Momentum Indicator moved above the 0 level on August 29, 2023. You may want to consider a long position or call options on STEP as a result. In of 49 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where STEP advanced for three days, in of 194 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 122 cases where STEP 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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (2.613) is normal, around the industry mean (3.506). STEP has a moderately high P/E Ratio (144.928) as compared to the industry average of (31.388). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.182). Dividend Yield (0.033) settles around the average of (0.071) among similar stocks. P/S Ratio (10.695) is also within normal values, averaging (77.931).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. STEP’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 weak sales and an unprofitable 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. STEP’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 80, placing this stock worse than average.
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Fundamental Analysis Ratings
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STEP and
Correlation & Price change
A.I.dvisor indicates that over the last year, STEP has been closely correlated with HLNE. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if STEP jumps, then HLNE could also see price increases.
| Ticker / NAME | Correlation To STEP | 1D Price Change % | ||
|---|---|---|---|---|
| STEP | 100% | -1.29% | ||
| HLNE - STEP | 76% Closely correlated | +0.47% | ||
| OWL - STEP | 70% Closely correlated | +0.35% | ||
| KKR - STEP | 69% Closely correlated | +0.32% | ||
| APO - STEP | 68% Closely correlated | +0.40% | ||
| CG - STEP | 68% Closely correlated | -1.54% | ||
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