Score 8.6 (out of 10): APPLE INC sets up for +7.8% rally in 2 months

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What’s Going On Here?

Once again, we are hearing that APPLE INC is working on a fully self-driving car, apparently ready in 2025. The company appears to be working on an ‘ideal’ interior design with lounge-like seating for passengers, a touch screen infotainment system in the middle and no steering wheel or pedals.

Why Now?

APPLE INC has reached a new medium term high. Previously, during similar occasions, APPLE INC shares had a median return of +7.8%, over the following 2 months – based on 10 historical occasions with 10 of those showing positive returns (100% hit ratio). This buy signal for APPLE INC received a high score of 8.6 (out of 10). This insight was generated on 2021-November-18 with last price of 157.87.

What’s This Asset 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 6.2% more (average). Ticker symbol: AAPL 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 170.17 (+7.8%) 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 150.67 (last price at 157.87), which is equivalent to a -4.6% 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:

10.9% (June-2021), 2.6% (April-2021), 11.7% (December-2020), 21.8% (May-2020), 4.7% (July-2019), 17.3% (February-2019), 14% (July-2018), 0.9% (May-2018), 0.9% (January-2018), 1.5% (October-2017).

Summary:

Name APPLE INC
ViewUp
Star (1 to 10)8.6
Target+7.8%
Time2 months
Hit Rate100%

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