Score 7.3 (out of 10): META PLATFORMS (Facebook) sets up for +10.7% rally in 3 months

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What’s Going On Here?

Meta’s CEO Mark Zuckerberg has confirmed that NFTs are coming to Instagram. Instagram users would be able “to mint things within that environment.” Wall Street sees +65% upside for the shares.

Why Now?

META PLATFORMS INC-CLASS A has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, META PLATFORMS INC-CLASS A shares had a median return of +10.7%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for META PLATFORMS INC-CLASS A received a high score of 7.3 (out of 10). This insight was generated on 2022-March-17 with last price of 207.84.

What’s This Company About?

META PLATFORMS INC- CLASS A is in the Internet Content-Entmnt business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. ‘Wall Street’ analysts think the stock price will be worth +56% (average). Ticker symbol: FB US.

What’s My Risk / Reward and Time Horizon?

We found 3 months 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 230.05 (+10.7%) has been reached. Based on META PLATFORMS INC-CLASS A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 192.04 (last price at 207.84), which is equivalent to a -7.6% 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:

-1% (October-2021), 16.5% (January-2021), 3.8% (September-2020), 19.8% (July-2020), 33% (March-2020), 21.4% (October-2019), 7.6% (August-2019), 3.2% (June- 2019), 13.8% (November-2018), -21.4% (August-2018).

Historical Chart:

Summary:

NameMETA PLATFORMS INC-CLASS A
ViewUp
Star (1 to 10)7.3
Target+10.7%
Time3 months
Hit Rate80%

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