Swing Trading: TA&FA Sector Rotation Yields 16.8% Profit for PR
Swing Trader: Sector Rotation Strategy (TA&FA) Generates 16.8% for PR
The swing trading strategy focusing on sector rotation, incorporating both technical analysis (TA) and fundamental analysis (FA), has proven to be successful for PR, resulting in a significant 16.8% return. This approach combines the evaluation of price trends and market dynamics with an assessment of the underlying fundamentals of a company or sector.
One of the key indicators that contributed to the impressive performance of PR was its recent upward trend. On June 21, 2023, the stock price rose above its 50-day moving average, signaling a shift from a downward trend to an upward trend. Historical data reveals that in 24 out of 27 similar instances in the past when PR moved above its 50-day moving average, the stock price continued to increase further within the following month.
Based on this historical pattern, there is an 89% likelihood that the upward trend in PR will continue. This positive trend suggests that the stock may experience further growth and presents an opportunity for swing traders to employ the sector rotation strategy to capitalize on potential gains.
It is important to note that swing trading, like any investment strategy, carries its own set of risks. However, this article focuses on the recent success of the swing trading strategy for PR and does not delve into potential risks associated with such an approach. Traders and investors should exercise caution, conduct thorough research, and consult with financial professionals before making any investment decisions.
The swing trading strategy centered around sector rotation, incorporating both technical and fundamental analysis, has generated a noteworthy 16.8% return for PR. With the recent upward trend indicated by the stock price surpassing its 50-day moving average, there is a high probability of continued growth. Traders utilizing this strategy may find potential opportunities for profit in PR, but should also consider the inherent risks involved in any investment endeavor.
PR's RSI Indicator leaves overbought zone
The 10-day RSI Oscillator for PR moved out of overbought territory on September 11, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 instances where the indicator moved out of the overbought zone. In of the 35 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 14, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on PR as a result. In of 81 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 PR turned negative on September 11, 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 39 similar instances when the indicator turned negative. In of the 39 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 PR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PR broke above its upper Bollinger Band on August 18, 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 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 PR advanced for three days, in of 303 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 250 cases where PR 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PR’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 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 (1.295) is normal, around the industry mean (6.327). P/E Ratio (8.969) is within average values for comparable stocks, (16.573). Projected Growth (PEG Ratio) (1.202) is also within normal values, averaging (2.544). Dividend Yield (0.023) settles around the average of (0.124) among similar stocks. P/S Ratio (1.730) is also within normal values, averaging (120.026).
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. PR’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
an investment holding company with interest in the oil and natural gas
Industry OilGasProduction
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PR and
Correlation & Price change
A.I.dvisor indicates that over the last year, PR has been closely correlated with CPE. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if PR jumps, then CPE could also see price increases.