Swing Trader: Sector Rotation Strategy (TA&FA) Generates 17.19% for TPG
Swing Trader: Sector Rotation Strategy (TA&FA) Generates 17.19% for TPG
In the world of finance, traders and investors are constantly seeking profitable strategies to maximize their returns. One such strategy, known as the sector rotation strategy, combines both technical analysis (TA) and fundamental analysis (FA) to identify potentially lucrative investment opportunities. In the case of TPG, this strategy has generated a remarkable return of 17.19%.
Bullish Trend Analysis When analyzing the current market conditions for TPG, several indicators point towards a bullish trend that may continue in the foreseeable future.
Firstly, the Stochastic Oscillator, a popular momentum indicator, is currently in the oversold zone. This suggests that TPG may experience an upward price movement soon. Traders and investors should keep a close watch on the stock as it could potentially signal a favorable buying opportunity.
Additionally, the 10-day moving average for TPG recently crossed above the 50-day moving average on June 13, 2023. This bullish crossover indicates a shift in the trend to the upside and can be considered a buy signal by market participants. Historical data reveals that in 2 out of 4 previous instances when the 10-day moving average crossed above the 50-day moving average, the stock continued to climb higher over the following month. Thus, there is a 50% chance of a continued upward trend.
Furthermore, after experiencing a 1.87% increase over the past three days, the price of TPG is expected to grow further. Analysis of past instances where TPG advanced for three consecutive days indicates that in 55 out of 75 cases, the price continued to rise within the following month. This implies a 73% probability of a continued upward trend.
Lastly, the Aroon Indicator, which measures the strength of a trend, has entered an uptrend for TPG today. When the Aroon Indicator entered an uptrend in 28 out of 44 previous cases, the price continued to climb within the following month. Hence, the odds of a continued uptrend for TPG are estimated to be around 64%.
The sector rotation strategy combining both technical and fundamental analysis has proven to be highly profitable for TPG, generating a substantial return of 17.19%. The current bullish trend analysis, including the oversold Stochastic Oscillator, the bullish crossover of moving averages, the recent price advance, and the Aroon Indicator entering an uptrend, all point towards the possibility of further price appreciation in the near future. Traders and investors may consider these factors when evaluating their investment decisions in relation to TPG.
TPG saw its Stochastic Oscillator peaks and leaves the overbought zone
The Stochastic Oscillator for TPG moved out of overbought territory on September 21, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 17 similar instances where the indicator exited the overbought zone. In of the 17 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for TPG moved out of overbought territory on September 20, 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 6 similar instances where the indicator moved out of overbought territory. In of the 6 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TPG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TPG broke above its upper Bollinger Band on September 15, 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 TPG as a result. In of 28 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TPG just turned positive on August 28, 2023. Looking at past instances where TPG's MACD turned positive, the stock continued to rise in of 17 cases over the following month. The odds of a continued upward trend are .
TPG moved above its 50-day moving average on September 07, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TPG crossed bullishly above the 50-day moving average on September 12, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TPG advanced for three days, in of 94 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 60 cases where TPG 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 (4.598) is normal, around the industry mean (3.494). TPG's P/E Ratio (434.783) is considerably higher than the industry average of (30.596). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.613). Dividend Yield (0.039) settles around the average of (0.071) among similar stocks. P/S Ratio (4.125) is also within normal values, averaging (78.145).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TPG’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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TPG’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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Correlation & Price change
A.I.dvisor indicates that over the last year, TPG has been closely correlated with KKR. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if TPG jumps, then KKR could also see price increases.
| Ticker / NAME | Correlation To TPG | 1D Price Change % | ||
|---|---|---|---|---|
| TPG | 100% | -0.07% | ||
| KKR - TPG | 72% Closely correlated | +1.27% | ||
| CG - TPG | 71% Closely correlated | -0.10% | ||
| OWL - TPG | 70% Closely correlated | +1.12% | ||
| ARES - TPG | 69% Closely correlated | -0.17% | ||
| STEP - TPG | 67% Closely correlated | -0.61% | ||
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