Score 7.4 (out of 10): APPLE INC sets up for +6.3% rally in 1 month

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What’s Going On Here?

Apple might be launching ‘augmented reality’ (AR) glasses in 2022 – its most ambitious project in years. AR overlays computer info on images of the real world, while VR places a screen so close to your eyes that our brain is tricked into thinking you’ve been transported to a computer- generated world.

Why Now?

APPLE INC has triggered a new technical analysis signal. During similar occasions, APPLE INC shares had a median return of +6.3%, 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 7.4 (out of 10). This insight was generated on 2021-December-28 with last price of 179.29.

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 Less Risky. ‘Wall Street’ analysts think the stock price will be worth -3.1% less (average). 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 190.52 (+6.3%) 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 169.19 (last price at 179.29), which is equivalent to a -5.6% 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’ shown under (2), etc. 

Previous episodes:

5% (October-2021), 4.1% (July-2021), 9.9% (May-2021), 7.5% (March-2021), 0.9% (January-2021), -6.9% (October-2020), 27.9% (July-2020), 19.7% (April-2020), -7.7% (January-2020), 12.2% (January-2019).

Historical Chart:

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Summary:

NameAPPLE INC
ViewUp
Star (1 to 10)7.4
Target+6.3%
Time1 month
Hit Rate80%

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