Score 8.8 (out of 10): MATCH GROUP INC sets up for +14% rally in 2 weeks

74

What’s Going On Here?

MATCH GROUP will present at Morgan Stanley’s industry leading tech, media and telecom conference on march 7. This could be a positive signal for the shares.

Why Now?

MATCH GROUP INC has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, MATCH GROUP INC shares had a median return of +14%, over the following 2 weeks – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for MATCH GROUP INC received a high score of 8.8 (out of 10). This insight was generated on 2022-February-24 with last price of 113.04.

What’s This Company About?

MATCH GROUP INC is in the E-Commerce/Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. ‘Wall Street’ analysts think the stock price will be worth +17.6% (average). Ticker symbol: MTCH US.

What’s My Risk / Reward and Time Horizon?

We found 2 weeks 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 128.91 (+14%) has been reached. Based on MATCH GROUP INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 105.74 (last price at 113.04), which is equivalent to a -6.5% 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:

6.7% (December-2021), 15.3% (August-2021), 12.7% (June-2021), -1.4% (April-2021), 16.2% (February-2021), 6.3% (September- 2020), 26% (July-2020), 21.3% (March-2020), 19.4% (December-2019), -2.8% (October-2019).

Historical Chart:

———————————————————————

Summary:

NameMATCH GROUP INC
ViewUp
Star (1 to 10)8.8
Target+14%
Time2 weeks
Hist Rate80%

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