Score 8.5 (out of 10): NVIDIA CORP poised to seasonally rally by +10.2% during the next 90 days.

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What’s Going On Here?

NVIDIA continues to be at the forefront of gaming. The company’s most recent graphics cards are seeing ‘off the charts’ demand. NVIDIA’s semiconductors are also helping with cloud services with November data for cloud demand are growing +29% YoY, by some estimates. In addition, from Dec 15 to Dec 22, the company will give-away a ‘Matrix themed’ gaming PC.

Why Now?

NVIDIA CORP indicates an interesting 90 days seasonal set up. During similar occasions, NVIDIA CORP shares had a median return of +10.2% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for NVIDIA CORP received a high score of 8.5 (out of 10). This insight was generated with last price of 304.59.

What’s This Company About?

NVIDIA CORP is in the Electronic Compo-Semicon 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 13.7% more (average). Ticker symbol: NVDA US.

What’s My Risk / Reward and Time Horizon?

We found 90 days 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 335.81 (+10.2%) has been reached. Based on NVIDIA CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 262.59 (last price at 304.59), which is equivalent to a -13.8% 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:

1.3% (December-2021), 12.7% (December-2020), 12.3% (December-2019), 30.4% (December-2018), 5.2% (December-2017), – 0.5% (December-2016), 15.7% (December-2015), 20.5% (December-2014), 2.2% (December- 2013), 8.2% (December-2012)

Historical Chart:

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Summary:

NameNVIDIA CORP
ViewUp
Star (1 to 10)8.5
Target+10.2%
Time90 days
Hit Rate90%

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