Score 7.3 (out of 10): APPLE sets up for +6% rally in 1 month

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What’s Going On Here?

Apple Can Hit $3 Trillion on Services Shift, Morgan Stanley Says. Business model and valuation change suggests shares at $200. Apple is still largely valued as a hardware company, MS says.

Why Now?

APPLE INC has triggered a new price range signal. During similar occasions, APPLE INC shares had a median return of +6%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for APPLE INC received a high score of 7.3 (out of 10). This insight was generated on 2022-July-21 with last price of 155.35.

What’s This Company About?

APPLE INC is in the Computers business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: AAPL US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 164.72 (+6%) has been reached. Based on APPLE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 148.95 (last price at 155.35), which is equivalent to a -4.1% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

-9.9% (March-2022), 2% (April-2021), 8.1% (April-2020), -1.6% (July-2019), 6.9% (January-2019), 5.9% (May-2018), 6.1% (October-2017), 8.6% (July-2017), 9.4% (March-2016), 2.4% (October-2015).

Historical Chart:

Summary:

NameAPPLE INC
ViewUp
Star (1 to 10)7.3
Target6%
Time1 month
Hit Rate80%

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