Score 8.0 (out of 10): APPLE sets up for +12.0% rally in 3 months

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What’s Going On Here?

APPLE will likely launch many new products in 2022. It appears that the company accidently leaked new iPads and new iPhone versions which are targeting the lower pricing segment. This could mean the company is targeting lower margin products but is trying to increase its user base.

Why Now?

APPLE INC has reached a new shorter-term high. Previously, during similar occasions, APPLE INC shares had a median return of +12%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for APPLE INC received a high score of 8 (out of 10). This insight was generated on 2022-February-2 with last price of 175.84.

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 +9.2% (average). Ticker symbol: AAPL US.

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 196.99 (+12%) 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 173.34 (last price at 175.84), which is equivalent to a -1.4% 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:

14.1% (October-2021), 14.6% (June-2021), 11.2% (April-2021), -1.9% (January-2021), 12.9% (October-2020), 2.4% (July-2020), 39.8% (April-2020), -6.6% (February-2020), 6.8% (December-2019), 24.6% (September-2019).

Historical Chart:

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Summary:

NameApple Inc
ViewUp
Star (1 to 10)8.0
Target+12.0%
Time3 months
Hit Rate80%

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