Score 8.9 (out of 10): ALPHABET INC-CL A sets up for +15.1% rally in 3 months

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What’s Going On Here?

Google has a large and diverse advertiser base and is benefiting from Performance Max, still early in its roll out. The Performance Max advertising platform automates buying across YouTube, internet search, display, Discover, Gmail and maps.

Why Now?

ALPHABET INC-CL A has reached a new medium term high. Previously, during similar occasions, ALPHABET INC-CL A shares had a median return of +15.1%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for ALPHABET INC-CL A received a high score of 8.9 (out of 10). This insight was generated on 2022-August-10 with last price of 119.7.

What’s This Company About?

ALPHABET INC-CL A is in the Web Portals/ISP business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth 0% (average). Ticker symbol: GOOGL US.

What’s My Risk / Reward and Time Horizon?

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 137.8 (+15.1%) has been reached. Based on ALPHABET INC-CL A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 114.5 (last price at 119.7), which is equivalent to a -4.3% 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:

-7.5% (October-2021), 20.1% (June-2021), 18.5% (March-2021), 22.3% (January-2021), 18.9% (November-2020), 10.2% (August- 2020), 11.8% (May-2020), 18.4% (October-2019), 3.5% (July-2019), 6% (January-2019).

Historical Chart:

Summary:

NameALPHABET INC-CL A
ViewUp
Star (1 to 10)8.9
Target15.1%
Time3 months
Hit Rate90%

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