Swing Trader Strategy - 11.13% Yield in MRO: A Bullish Sign for Future Growth
In recent trading days, Marathon Oil Corporation (MRO), a multinational energy corporation, has seen a notable uptrend, rising for three consecutive days as of June 16, 2023. This bullish sign is an indicator of possible future growth, as MRO's past performance shows a strong correlation between three-day advances and further growth in the subsequent month.
The positive momentum carried by MRO in the energy sector is a testament to its strong fundamentals. An 11.13% increase has been registered, providing swing traders with an attractive proposition to diversify their investment portfolio. In the context of the broader consumer, energy, and financial sectors, this uptrend implies a robust performance.
This momentum is not a new occurrence for MRO. Historical data suggests a correlation between three-day uptrends and further price increases within the following month. Specifically, out of 296 cases where MRO advanced for three days, the price rose further in 223 instances. This provides a high success rate of approximately 75%, suggesting a likely continuation of the upward trend.
This performance illustrates the potential for a diversified portfolio in the consumer, energy, and financial sectors. Swing traders stand to benefit significantly from these trends by recognizing and capitalizing on the short-term price movements of stocks like MRO. This strategy, which aims to capture gains over a period of a few days to several weeks, relies heavily on recognizing the potential in growth patterns like the one exhibited by MRO.
Therefore, it seems that traders who are agile and attentive to these trends can leverage the current momentum and make profitable decisions. The consistent uptrend in MRO shares further underscores the potential for positive returns in the energy sector.
The current landscape presents numerous opportunities for swing traders. Particularly within the consumer, energy, and financial sectors, companies like MRO are demonstrating substantial growth. By maintaining vigilance over these trends, traders can take advantage of these movements and add significant value to their portfolios.
MRO sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for MRO moved above the 200-day moving average on September 06, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
MRO moved above its 50-day moving average on September 22, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MRO advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .
MRO 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 242 cases where MRO 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 Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MRO as a result. In of 102 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MRO turned negative on September 15, 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 47 similar instances when the indicator turned negative. In of the 47 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 MRO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. MRO’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 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 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 (1.409) is normal, around the industry mean (6.197). P/E Ratio (8.097) is within average values for comparable stocks, (16.491). Projected Growth (PEG Ratio) (1.684) is also within normal values, averaging (2.534). Dividend Yield (0.015) settles around the average of (0.125) among similar stocks. P/S Ratio (2.509) is also within normal values, averaging (120.438).
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 explores, produces, transports and markets crude oil and natural gas
Industry OilGasProduction
MRO and
Correlation & Price change
A.I.dvisor indicates that over the last year, MRO has been closely correlated with FANG. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if MRO jumps, then FANG could also see price increases.