Score 7.3 (out of 10): NINTENDO sets up for +5.5 rally in 3 months

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What’s Going On Here?

The New Nintendo Switch update adds a feature gamers have waited five years to see. The shares also benefit from a weaker Japanese Yen.

Why Now?

NINTENDO CO LTD-UNSPONS ADR has triggered a new high volatility signal (1 month). During similar occasions, NINTENDO CO LTD- UNSPONS ADR shares had a median return of +5.5%, over the following 3 months – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for NINTENDO CO LTD-UNSPONS ADR received a high score of 7.3 (out of 10). This insight was generated on 2022-March- 30 with last price of 64.19.

What’s This Company About?

NINTENDO CO LTD-UNSPONS ADR is in the Toys business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Symbol: 7974 JP.

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 67.75 (+5.5%) has been reached. Based on NINTENDO CO LTD-UNSPONS ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 62.09 (last price at 64.19), which is equivalent to a -3.3% 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:

15.1% (November- 2020), 0.7% (September-2020), 35.8% (March-2020), 10.4% (April-2019), 26.6% (February-2019), -4.9% (November-2018), 0.4% (June-2018), -4.7% (February-2018), 10.7% (November-2017), -0.4% (September-2016).

Historical Chart:

Summary:

NameNINTENDO CO LTD-UNSPONS ADR
ViewUp
Star (1 to 10)7.3
Target5.5%
Time3 months
Hit Rate70%

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