Score 7.5 (out of 10): BOEING CO/THE indicates to return +5.2% rally in 2 weeks

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What’s Going On Here?

Boeing plans to build on its existing investments in India in areas such as defence supply chains and manufacturing. The company anticipates $3.6 billion in economic impact to the Indian aerospace and defence industry over the next 10 years, with their F/A-18 Super Hornet as India’s next carrier-based fighter.

Why Now?

BOEING CO/THE appears to have reached a potential bottom. During similar occasions, BOEING CO/THE shares had a median return of +5.2%, over the following 2 weeks – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for BOEING CO/THE received a high score of 7.5 (out of 10). This insight was generated on 2022-September-6 with last price of 152.39.

What’s This Token About?

BOEING CO/THE is in the Aerospace/Defense business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: BA US.

What’s My Risk / Reward and Time Horizon?

We found 2 weeks 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 160.37 (+5.2%) has been reached. Based on BOEING CO/THE’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 144.99 (last price at 152.39), which is equivalent to a -4.9% 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), 4% (July-2021), -3.3% (April-2021), 6.8% (January-2021), 36.2% (November-2020), 6% (August-2020), 7.4% (January-2020), 4% (October-2019), 0.3% (March-2019), 4.5% (November- 2018).

Historical Chart:

Summary:

NameBOEING
ViewUp
Star (1 to 10)7.5
Target5.2%
Time2 weeks
Hit Rate90%

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