Score 8.7 (out of 10): INFOSYS LTD-SP ADR sets up for +10.1% rally in 2 months

77

What’s Going On Here?

INFOSYS has denied that the company is launching a crypto project. But the company continues to expand aggressively in Costa Rico. ‘Wall Street’ analysts’ think the shares will rally +22% over the next 12 months.

Why Now?

INFOSYS LTD-SP ADR has triggered a new high volatility signal (3 month). During similar occasions, INFOSYS LTD-SP ADR shares had a median return of +10.1%, over the following 2 months – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for INFOSYS LTD-SP ADR received a high score of 8.7 (out of 10). This insight was generated on 2022-February- 15 with last price of 22.04.

What’s This Company About?

INFOSYS LTD-SP ADR is in the Computer Services 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 +22% (average). Ticker symbol: INFO IN.

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 25.19 (+10.1%) has been reached. Based on INFOSYS LTD-SP ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 21.79 (last price at 22.89), which is equivalent to a -4.8% 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:

3.2% (December-2021), 0% (May-2020), 10.6% (March-2020), 13.9% (October-2019), 1.8% (January-2019), 6% (November- 2018), 20.6% (June-2018), 12.3% (April-2018), 28.3% (October-2015), 9.5% (August-2015).

Historical Chart:

———————————————————————

Summary:

NameINFOSYS LTD-SP ADR
ViewUp
Star (1 to 10)8.7
Target+10.1%
Time2 months
Hist Rate100%

Popular Insights:

INFOSYS has denied that the company is launching a crypto project. But the company continues to expand aggressively in Costa Rico. ‘Wall Street’ analysts’ think the shares will rally +22% over the next 12 months.

Leave a Reply