Best ways to trade: Revvity, Inc.

Ticker: PKI
Asset type: Stocks
Last updated: Tuesday, June 06, 2023 at 09:00 AM

Follow the section below to learn how to trade. Remember that past results are not necessarily indicative of future results. Learn more in the disclaimer. Pine Script™ is registered by TradingView Inc, for more info click here.

How easy it is to trade Revvity, Inc.

Let’s start with a general overview of the asset to understand how it has performed in the past. This section compares how the traders perform, analyzing those we monitor. The most critical data are the max return from the best trader, how many are profitable, and our score, which measures how much is easy compared to other assets of the same type.

WTT easy score
3/5
This indicator expresses how easy it was to trade in the last week

Let’s analyze the details of what happened:

Active Traders
11
Traders still trading this asset

How many traders are trading Revvity, Inc.?

All time return
Highest return between our traders

What was the best return trading Revvity, Inc.?

Profitable traders
0.0%
How many are profitable

How many traders are profittable day trading Revvity, Inc.?

At the moment 0.0% of the traders are creating some profit from their strategies.
Best Trading Strategy
Momentum
The most effective trading strategy

Which day trading strategy is the most efective for Revvity, Inc.?

In the last period Momentum has been the most effective trading strategy.

If you don’t know what a trading strategy is, please check the training section(Trading Strategies).

Traders attitude
uncertain
Traders attitude in the last 7 days

What is the opinion of traders on the value of Revvity, Inc.?

The current attitude of the investors regarding the asset is uncertain.

Best trading strategy for Revvity, Inc. (BETA)

In this section, we are going to detail the trading strategy that is currently the most effective. Please refer to the training (trading strategies) section for more information. This strategy is created by analyzing thousands of strategies and combining the best features to form a new, optimized approach. We advise that this new feature is currently in BETA testing phase (Hazel AI system). Please be aware of its experimental nature and potential for unexpected issues or limited functionality.

Strategy Class
Momentum
Current best
Annual return
Estimated of the annual return
Time scale
Current best
Win Trades
% win trades
Num trades
Trades executed
Free Trading Strategy!

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Download the strategy for Revvity, Inc.

Pine script is a system created by TradingView to backtest trading strategies and create custom indicators.

 

Let’s analyze the details of the strategy: 

Indicators

Explore the following key trading indicators that can help analyze price movements and guide trading decisions for Revvity, Inc..
MACD
11/48/9
First indicator

Best lagging indicator for Revvity, Inc.

 The first indicator is the most important for a strategy; what you find here are the parameters that must be used operationally.

RSI
7/22/76
Second indicator

Best leading indicator for Revvity, Inc.

 The second indicator is also quite important for a strategy; Using two technical indicators in a strategy provides more confirmation and reduces false signals, leading to improved decision-making and potentially higher accuracy in identifying market trends and entry/exit points.

Macro Indicator
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Best macro indicator for Revvity, Inc.

The third indicator focus on economic, financial, or geopolitical factors that impact asset prices. Fundamental indicators may include interest rates, economic growth, earnings reports, and news events. 

Entry point strategy

Discover potential entry points for Revvity, Inc..
Main entry strategy
RSI signal
The current best strategy for entry

Technical indicator entry strategy for Revvity, Inc.

When combining indicators in a trading strategy for entry points, one approach is to look for convergence or agreement between multiple indicators. For example, if both the moving average crossover and the relative strength index (RSI) indicate a bullish signal, it strengthens the likelihood of a successful trade. This convergence provides more confidence in the entry point and increases the probability of a favorable outcome.

Other entry strategy
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Other entry strategy for Revvity, Inc.

Available only in the premium version.

Alerts to monitor
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Alerts to monitor for Revvity, Inc.

Available only in the premium version.

Exit point strategy

Discover potential exit points for Revvity, Inc..
Main exit strategy
RSI > 76 and MACD < signal
The current best strategy for exit

Best exit strategy for Revvity, Inc.

here you can find the detail for Implement an effective exit strategy for Revvity, Inc..
Alerts to monitor
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Alerts to monitor for Revvity, Inc.

Available only in the premium version.

Trading guide for Revvity, Inc.

WTT score
3/5
PKI: WTT score is rated 3 out of 5. This stock is neither too challenging nor too easy to trade.
Pro
– Potential for higher returns due to significant price movements

– Strong trend indicates favorable momentum and potential profits

– Ability to capitalize on short-term trends and generate higher returns

Cons
– Requires active monitoring and may result in higher transaction costs

Trend analysis

This section lists the main factor or risks of trading this product. Like the previous insights, we use data from our traders to analyze the risk factor of the asset. The most crucial point is how many traders are in green; a percentage below 20% indicates an investment that is very difficult to trade. 

Market regimes are periods of persistent market conditions. They affect the relevance of investment factors and the success of trading strategies. 

How long the situation will stay similar for Revvity, Inc.?

In the given regime: The market sentiment is panic. The market has experienced an oscillation of 15.61 points, with a downward trend and a duration of 2155 periods. This suggests a relatively long-lasting market regime. The market has exhibited substantial price fluctuations, reflecting a decline in prices and caution for investors.
How long is lasting?
432 Days
The number of days this trend is lasting

How long this trend is lasting for Revvity, Inc.?

Alerts and risk factors

These are factors that can potentially change the perception of the stock. These factors can lead to a change in the regime. Please refer to the training section for more information.

Risk factor 1

Company news
Type: Micro Economy

What is the main risk factor for Revvity, Inc.?

Risk factor 2

FED
Type: Political

What is the second most important factor for Revvity, Inc.?

Go Premium to see the alerts for Revvity, Inc..

Brookers

Selecting the right broker is crucial in trading. This decision hinges on various criteria, including regional accessibility, cost-effectiveness, and compliance with local regulations. In this list, we present a concise, expert-curated list of brokers widely utilized by our seasoned traders to help you make an informed selection that aligns with your trading objectives.

Used by 32%
Exness
Used by 19%
Used by 9%
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