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Jun 30, 2023

THRM Swing Trading: Sector Rotation Strategy Yields 6.23%

Swing Trader: Sector Rotation Strategy (TA&FA) Generates 6.23% for THRM

In the dynamic world of finance, swing trading strategies play a significant role in capitalizing on short-term price movements. One such strategy, known as sector rotation, combines technical analysis (TA) and fundamental analysis (FA) to identify potential opportunities in different sectors. This article focuses on THRM, a ticker that has recently generated a return of 6.23% using the sector rotation strategy.

Analyzing THRM's Stochastic Oscillator:

The Stochastic Oscillator is a popular technical analysis tool used to identify overbought and oversold conditions in a security. By analyzing THRM's Stochastic Oscillator, we observe that it has remained in the oversold zone for three consecutive days. This indicates that the price of THRM may soon experience a rebound.

Understanding the Implications:

When a ticker stays in the oversold zone for an extended period, it suggests an increased likelihood of an uptrend in the near future. Traders and investors often interpret this as a potential buying opportunity, anticipating that the price will bounce back as the oversold conditions revert to more typical levels.

By combining the sector rotation strategy with this analysis, traders can identify specific sectors that are likely to outperform in the current market environment. This approach allows them to allocate their capital strategically, focusing on sectors with strong fundamentals and positive technical indicators, such as oversold conditions.

The Benefits of Sector Rotation Strategy:

Sector rotation strategies offer several advantages to swing traders. By diversifying their investments across different sectors, traders can reduce risk and take advantage of varying market conditions. This strategy allows them to capture potential gains from sectors that are experiencing upward momentum while avoiding sectors that may be underperforming.

Furthermore, the combination of technical and fundamental analysis provides a more comprehensive view of market dynamics. Technical analysis helps identify short-term price patterns and indicators, while fundamental analysis evaluates the underlying financial health of a sector or company. Integrating these two approaches can enhance the decision-making process and increase the probability of successful trades.

THRM's recent performance, generating a return of 6.23% through the sector rotation strategy, highlights the potential benefits of combining technical and fundamental analysis. The observation of THRM's Stochastic Oscillator remaining in the oversold zone for three days suggests a probable uptrend in the near future. By employing sector rotation, traders can capitalize on such opportunities, taking advantage of market dynamics to generate favorable returns.

Related Ticker: THRM

THRM sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for THRM moved above the 200-day moving average on July 02, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where THRM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on July 11, 2024. You may want to consider a long position or call options on THRM as a result. In of 95 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 THRM just turned positive on July 12, 2024. Looking at past instances where THRM's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

THRM moved above its 50-day moving average on July 11, 2024 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 THRM advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for THRM moved out of overbought territory on June 06, 2024. 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 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The 10-day moving average for THRM crossed bearishly below the 50-day moving average on June 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where THRM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for THRM entered a downward trend on July 12, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 66%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. THRM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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 (2.743) is normal, around the industry mean (11.723). P/E Ratio (45.951) is within average values for comparable stocks, (44.092). THRM's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.959). THRM has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (1.262) is also within normal values, averaging (26.359).

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. THRM’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 85, placing this stock better than average.

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 Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 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

The most notable companies in this group are Goodyear Tire & Rubber Company (The) (NASDAQ:GT).

Industry description

OEM or Original Equipment Manufacturer of auto parts refers to the original producer of a vehicles components, and so OEM car parts are usually identical to the parts used in producing the vehicle in the first place. OEM parts tend to fit the specifications of a particular model, and their compatibility is often guaranteed by the automaker itself. OEM parts could be more expensive to buy (compared to other vendors’ products) when a consumer goes for replacement. However, increased competition from aftermarket parts/third-party vendors could, in some cases, keep EOM prices in check. The industry might progress further in adopting newer technologies like 3D printing to boost supply chain performance and quality. Aptiv PLC, Magna International Inc. and BorgWarner Inc. are major OEMs for autos.

Market Cap

The average market capitalization across the Auto Parts: OEM Industry is 5.34B. The market cap for tickers in the group ranges from 206 to 52.56B. DNZOY holds the highest valuation in this group at 52.56B. The lowest valued company is JBZY at 206.

High and low price notable news

The average weekly price growth across all stocks in the Auto Parts: OEM Industry was 2%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was -2%. QS experienced the highest price growth at 63%, while WLMTF experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Auto Parts: OEM Industry was 166%. For the same stocks of the Industry, the average monthly volume growth was 134% and the average quarterly volume growth was 72%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 38
P/E Growth Rating: 65
Price Growth Rating: 63
SMR Rating: 78
Profit Risk Rating: 84
Seasonality Score: 5 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
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General Information

a developer of automotive parts

Industry AutoPartsOEM

Profile
Fundamentals
Details
Industry
Auto Parts OEM
Address
21680 Haggerty Road
Phone
+1 248 504-0500
Employees
14504
Web
https://www.gentherm.com
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