Score 8.6 (out of 10): META PLATFORMS (Facebook) poised to rally +17.5% rally in 3 months

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What’s Going On Here?

Facebook’s parent company ‘Meta’ has created a powerful AI supercomputer to support the metaverse project. The computer, which is already up and running but is still being built, is called AI Research SuperCluster. 

Why Now?

META PLATFORMS INC-CLASS A has reached a new medium term low. Previously, during similar occasions, META PLATFORMS INC-CLASS A shares had a median return of +17.5%, over the following 3 months based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for META PLATFORMS INC-CLASS A received a high score of 8.6 (out of 10). This insight was generated on 2022-January-21 with last price of 303.17.

What’s This Company About?

META PLATFORMS INC-CLASS A is in the Internet Content-Entmnt business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: FB US.

What’s My Risk / Reward and Time Horizon?

We found 30 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade 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 356.15 (+17.5%) has been reached. Based on META PLATFORMS INC-CLASS A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 300.67 (last price at 303.17), which is equivalent to a -0.8% 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:

3.8% (October-2021), 20.6% (January-2021), 18.8% (February-2020), 17.5% (September-2019), 31.5% (December-2018), -14.4% (July-2018), 17.4% (March-2018), 9% (November-2016), 16.1% (January-2016), 20.9% (May-2015).

Historical Chart:

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Summary:

NameMeta Platforms
ViewUp
Star (1 to 10)8.6
Target+17.5%
Time3 months
Hit Rate90%

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