Score 8.3 (out of 10): ROPER TECHNOLOGIES is poised for a +8.8% rally in 3 months

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What’s Going On Here?

Thoma Bravo, a leading software investment firm, today announced it has signed a definitive agreement to sell Frontline Education (“Frontline”), a leading provider of administration software purpose-built for educators in K-12, to Roper Technologies. The transaction is expected to close in the fourth quarter.

Why Now?

ROPER TECHNOLOGIES has reached a new medium term low. Previously, during similar occasions, ROPER TECHNOLOGIES shares had a median return of +8.8%, over the following 3 months based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for ROPER TECHNOLOGIES received a high score of 8.3 (out of 10). This insight was generated on 2022-September-15 with last price of 384.

What’s This Token About?

ROPER TECHNOLOGIES is in the Applications Software business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: ROP 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 417.93 (+8.8%) has been reached. Based on ROPER TECHNOLOGIES’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 372 (last price at 384), which is equivalent to a -3.1% 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:

1.3% (May-2022), 6.1% (December-2021), 0.2% (September-2021), 13.8% (January-2021), 14.4% (October-2020), 16% (February-2020), 5% (August-2019), 27.3% (October-2018), -3% (August-2018), 11.5% (March-2018).

Historical Chart:

Summary:

NameROPER TECHNOLOGIES
ViewUp
Star (1 to 10)8.3
Target8.8%
Time3 months
Hit Rate90%

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