Score 8.5 (out of 10): THERMO FISHER SCIENTIFIC sets up for +6.7% rally in 2 months

53

What’s Going On Here?

Thermo Fisher Scientific, the world leader in serving science, recently expanded its cell and gene therapy capabilities with the opening of its new previously announced viral vector manufacturing facility in Plainville, Mass.

Why Now?

THERMO FISHER SCIENTIFIC has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, THERMO FISHER SCIENTIFIC shares had a median return of +6.7%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for THERMO FISHER SCIENTIFIC received a high score of 8.5 (out of 10). This insight was generated on 2022-September-14 with last price of 558.13.

What’s This Token About?

THERMO FISHER SCIENTIFIC is in the Diagnostic Equipment business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: TMO US.

What’s My Risk / Reward and Time Horizon?

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 595.39 (+6.7%) has been reached. Based on THERMO FISHER SCIENTIFIC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 539.93 (last price at 558.13), which is equivalent to a -3.3% 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:

-0.4% (May- 2022), -0.6% (January-2022), 15.4% (May-2021), 4.6% (March-2021), 6.1% (November-2020), 7.2% (August-2020), 17.1% (February-2020), 14.9% (September-2019), 2% (July-2019), 7.3% (April-2019).

Historical Chart:

Summary:

NameTHERMO FISHER SCIENTIFIC
ViewUp
Star (1 to 10)8.5
Target6.7%
Time2 months
Hit Rate80%

Leave a Reply