Score 7.3 (out of 10): TOLL BROTHERS sets up for +11.7% rally in 3 months

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What’s Going On Here?

TOLL BROTHERS has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, TOLL BROTHERS shares had a median return of +11.7%, over the following 3 months – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for TOLL BROTHERS received a high score of 7.3 (out of 10). This insight was generated on 2023-April-6 with last price of 57.8.

TOLL BROTHERS is in the Bldg-Residential/Commer business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: TOL US.

Previous Signal Returns:

-2.2% (June-2022), 4.8% (April-2022), -17.4% (January-2022), 12.7% (October-2021), -0.1% (June-2021), 36.3% (December-2020), 26.7% (October-2020), 83.2% (March-2020), 21.8% (October-2019), 10.8% (July-2019).

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 64.59 (+11.7%) has been reached. Based on TOLL BROTHERS’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 56.1 (last price at 57.8), which is equivalent to a -2.9% decline.

Historical Chart:

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