July 31, 2023: Swing Trading and Day Trading Opportunities
- charismaenigma
- Jul 31, 2023
- 5 min read
Updated: Aug 10, 2023
In the world of stock trading, identifying the right opportunities is crucial for both day traders seeking short-term gains and swing traders looking for longer-term profit potential. In this blog post, we will analyze five stocks - SWN (Southwestern Energy Company), CNX Resources Corporation, ASRT (Assertio Therapeutics, Inc.), CPE (Callon Petroleum Company), and CRC (California Resources Corporation) - based on their key financial ratios and technical indicators to determine the best setups for day trading and swing trading in the upcoming days and weeks. SWN - Southwestern Energy Company
ROE (Return on Equity): 198.30%
P/E (Price-to-Earnings) Ratio: 1.11
P/FCF (Price to Free Cash Flow): 6.66
Debt/Equity: 0.00
Current Ratio: 0.60
P/S Ratio: 0.49
P/B Ratio: 1.13
PEG Ratio: 0.11
RSI (Relative Strength Index - 14): 67.09
ATR (Average True Range): 0.21
SMA20 (Simple Moving Average - 20 days): 5.78%
SMA50 (Simple Moving Average - 50 days): 15.15%
SMA200 (Simple Moving Average - 200 days): 13.20%
CNX - CNX Resources Corporation
ROE (Return on Equity): 62.00%
P/E (Price-to-Earnings) Ratio: 2.45
P/FCF (Price to Free Cash Flow): 6.46
Debt/Equity: 0.54
Current Ratio: 0.60
P/S Ratio: 0.88
P/B Ratio: 0.82
PEG Ratio: 0.06
RSI (Relative Strength Index - 14): 80.43
ATR (Average True Range): 0.56
SMA20 (Simple Moving Average - 20 days): 10.48%
SMA50 (Simple Moving Average - 50 days): 16.73%
SMA200 (Simple Moving Average - 200 days): 20.30%
ASRT - Assertio Therapeutics, Inc.
ROE (Return on Equity): 52.50%
P/E (Price-to-Earnings) Ratio: 3.82
P/FCF (Price to Free Cash Flow): 5.19
Debt/Equity: 0.15
Current Ratio: 1.30
P/S Ratio: 1.86
P/B Ratio: 1.16
PEG Ratio: 0.15
RSI (Relative Strength Index - 14): 54.33
ATR (Average True Range): 0.23
SMA20 (Simple Moving Average - 20 days): 6.47%
SMA50 (Simple Moving Average - 50 days): -3.71%
SMA200 (Simple Moving Average - 200 days): 17.76%
CPE - Callon Petroleum Company
ROE (Return on Equity): 45.80%
P/E (Price-to-Earnings) Ratio: 1.60
P/FCF (Price to Free Cash Flow): 4.86
Debt/Equity: 0.60
Current Ratio: 0.40
P/S Ratio: 0.71
P/B Ratio: 0.61
PEG Ratio: 0.27
RSI (Relative Strength Index - 14): 58.82
ATR (Average True Range): 1.36
SMA20 (Simple Moving Average - 20 days): 3.86%
SMA50 (Simple Moving Average - 50 days): 7.33%
SMA200 (Simple Moving Average - 200 days): -2.64%
CRC - California Resources Corporation
ROE (Return on Equity): 54.60%
P/E (Price-to-Earnings) Ratio: 3.98
P/FCF (Price to Free Cash Flow): 8.12
Debt/Equity: 0.28
Current Ratio: 1.40
P/S Ratio: 1.01
P/B Ratio: 1.79
PEG Ratio: 0.57
RSI (Relative Strength Index - 14): 79.12
ATR (Average True Range): 1.21
SMA20 (Simple Moving Average - 20 days): 11.01%
SMA50 (Simple Moving Average - 50 days): 20.60%
SMA200 (Simple Moving Average - 200 days): 23.88%
Day Trading Picks:
For day trading, the primary focus is on stocks that exhibit short-term trends and significant price volatility. Based on the data provided, two stocks stand out as potential day trading candidates:
SWN - Southwestern Energy Company:
SWN boasts an impressive Return on Equity (ROE) of 198.30%, indicating strong profitability.
The low P/E ratio of 1.11 suggests the stock is undervalued relative to its earnings, making it attractive for short-term traders.
The Price to Free Cash Flow (P/FCF) ratio of 6.66 indicates that the company generates healthy cash flows, which is positive for day trading opportunities.
SWN's low Debt/Equity ratio of 0.00 indicates a relatively lower financial risk.
The stock's current ratio of 0.60 indicates some liquidity concerns, but this may not be a major concern for day traders focused on short-term moves.
The stock's RSI (Relative Strength Index - 14) of 67.09 suggests it is not overbought or oversold and may have further upside potential.
The Average True Range (ATR) of 0.21 highlights that the stock exhibits intraday price fluctuations, suitable for day trading.
SWN's 20-day Simple Moving Average (SMA20) and 50-day SMA50 are both in positive territory, indicating a short-term uptrend.
CNX Resources Corporation:
CNX's ROE of 62.00% reflects solid profitability.
The P/E ratio of 2.45 indicates the stock's relative attractiveness in terms of valuation.
The P/FCF ratio of 6.46 indicates the company's ability to generate free cash flow, making it an interesting option for day traders.
CNX's Debt/Equity ratio of 0.54 shows a moderate level of leverage, which may not be a major concern for short-term traders.
The stock's current ratio of 0.60 indicates a balanced liquidity position.
The RSI of 80.43 indicates that CNX is potentially overbought, but this could be an opportunity for short-term traders to capitalize on any pullbacks.
The ATR of 0.56 highlights the stock's intraday price volatility, suitable for day trading.
CNX's SMA20 and SMA50 are both in positive territory, indicating an ongoing short-term uptrend.
Swing Trading Picks:
Swing traders seek to take advantage of intermediate-term trends and may hold positions for several weeks. Based on the data provided, two stocks present potential opportunities for swing trading:
CPE - Callon Petroleum Company:
CPE's ROE of 45.80% shows a solid return on equity, a positive sign for long-term profitability.
The low P/E ratio of 1.60 indicates the stock's potential undervaluation relative to its earnings, making it an interesting option for swing traders.
The P/FCF ratio of 4.86 suggests that CPE generates healthy free cash flow, which bodes well for swing trading.
The Debt/Equity ratio of 0.60 indicates a moderate level of leverage, which may not be a major concern for swing traders.
The stock's current ratio of 0.40 suggests lower short-term liquidity, which may not be an issue for swing traders holding positions for longer periods.
CPE's P/S and P/B ratios of 0.71 and 0.61, respectively, indicate a potential undervaluation relative to its sales and book value, making it attractive for swing trading.
The RSI of 58.82 suggests the stock is not overbought or oversold, which may allow for further price movements.
The ATR of 1.36 indicates moderate intraday price volatility, suitable for swing traders.
CPE's SMA20 and SMA50 are both in positive territory, indicating an ongoing short-term uptrend, potentially indicating a longer-term trend.
CRC - California Resources Corporation:
CRC's ROE of 54.60% indicates a solid return on equity, making it attractive for swing trading opportunities.
The P/E ratio of 3.98 suggests the stock's potential undervaluation relative to its earnings, making it interesting for swing traders.
The P/FCF ratio of 8.12 suggests that CRC generates free cash flow, a positive factor for swing trading.
The Debt/Equity ratio of 0.28 indicates a relatively low level of leverage, which is a positive aspect for swing traders.
CRC's current ratio of 1.40 indicates a strong liquidity position, providing comfort for swing traders holding positions for weeks.
The P/S and P/B ratios of 1.01 and 1.79, respectively, indicate a potential undervaluation relative to its sales and book value, making it attractive for swing trading.
The RSI of 79.12 indicates that CRC is potentially overbought, but swing traders may still consider it due to the stock's strong uptrend.
The ATR of 1.21 indicates moderate intraday price volatility, suitable for swing traders.
CRC's SMA20 and SMA50 are both in positive territory, indicating a strong ongoing uptrend.
Based on the analysis of the financial ratios and technical indicators, SWN and CNX are the top picks for both day trading and swing trading. Both stocks exhibit uptrends in recent weeks, offer potential undervaluation, and show relatively high price volatility, making them suitable for both trading styles.
However, it is essential to consider other factors like overall market conditions and company news before making any trading decisions. Always perform thorough research and have a well-defined trading strategy before executing any trades. Happy trading!
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