Score 7.5 (out of 10): SVB FINANCIAL GROUP sets up for +17.1% rally in 2 months

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Insight:

SVB FINANCIAL GROUP has triggered a new technical analysis ‘buy the dip’ signal. During similar occasions, SVB FINANCIAL GROUP shares had a median return of +17.1%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for SVB FINANCIAL GROUP received a high score of 7.5 (out of 10). This insight was generated on 2021-June-14 with last price of 750.47. SVB FINANCIAL GROUP is in the Commer Banks-Western US 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 7.2% more (average). Ticker symbol: SIVB US.

Details:

Name SVB FINANCIAL GROUP
ViewUp
Star (1 to 10)7.5
Target+17.1%
Time2 months
Hit Rate80%

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:

18.7% (August-2021), 1.7% (May-2021), 11.4% (March-2021), 36.6% (December-2020), 32.3% (September-2020), 15.9% (July-2020), 18.3% (May-2020), -16.7% (December-2019), 24.3% (October-2019), -14.2% (July-2019).

Thoughts on trade horizon and risk management:

We found 2 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 878.85 (+17.1%) has been reached. Based on the stock’s recent up and down swings, LongShortBets suggests considering a stop loss level for this insight at 703.17 (last price at 750.47), which is equivalent to -6.3%.

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