Swing Trader: SM's 37.35% Gain via Sector Rotation Strategy
Impressive Yields: Swing Trader Sector Rotation Strategy Produces 37.35% Returns for SM
Swing Trader's Sector Rotation Strategy, incorporating both Technical Analysis (TA) and Fundamental Analysis (FA), has presented outstanding returns, generating a striking 37.35% for the stock market symbol SM. This substantial increase demonstrates the potential potency of the sector rotation strategy within the swing trading environment, underscoring its effectiveness in today's financial market.
As of June 30, 2023, SM is riding a +2.86% uptrend, marking three days of consecutive growth. This consistent surge in value is typically considered a bullish sign within the investment community, signifying potential further growth. Investors should keep an eye on SM as it continues to demonstrate promising growth patterns that might lead to even more remarkable gains.
Historical data supports this optimistic perspective. When examining instances where SM advanced for three consecutive days, the price rose further in 229 out of 272 cases within the subsequent month. That translates to an 84% chance of continued upward momentum following a three-day growth streak.
The evidence suggests that the sector rotation strategy used by Swing Trader has the potential to continue to drive superior performance for SM. Incorporating both technical and fundamental analysis, this strategy identifies sectors of the economy that are poised for growth, then rotates investments to take advantage of these opportunities.
The consistent growth pattern displayed by SM has demonstrated the robustness of this approach, contributing to its impressive yield of 37.35%. The statistics point towards a continuation of this upward trend, making SM a stock to watch closely in the coming weeks.
Swing Trader's sector rotation strategy, which uses a blend of technical and fundamental analysis, has resulted in significant gains for SM. The present upward trend suggests this progress could be sustained, cementing the effectiveness of such a dual-analysis approach in today's evolving financial landscape. SM's strong performance reinforces the value of thoughtful, strategy-driven investing.
SM sees MACD Histogram just turned negative
SM saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on August 22, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 47 instances where the indicator turned negative. In of the 47 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 SM 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 28 similar instances where the indicator moved out of overbought territory. In of the 28 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 September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SM as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
SM moved below its 50-day moving average on September 20, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 SM advanced for three days, in of 273 cases, the price rose further within the following month. The odds of a continued upward trend are .
SM 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 251 cases where SM 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 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. SM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.
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 (1.365) is normal, around the industry mean (6.231). P/E Ratio (4.294) is within average values for comparable stocks, (16.603). Projected Growth (PEG Ratio) (0.705) is also within normal values, averaging (2.541). Dividend Yield (0.016) settles around the average of (0.124) among similar stocks. P/S Ratio (1.779) is also within normal values, averaging (120.481).
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.
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 developer of natural gas and crude oil properties
Industry OilGasProduction
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SM and
Correlation & Price change
A.I.dvisor indicates that over the last year, SM has been closely correlated with MUR. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if SM jumps, then MUR could also see price increases.