Score 8.9 (out of 10): RALPH LAUREN CORP sets up for +6.2% rally in 2 weeks

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What’s Going On Here?

Ralph Lauren shares could be a promising investment as ‘refined casual’ becomes the new normal. JP Morgan as issued a bullish call on Ralph Lauren. Wall Street sees +25% upside.

Why Now?

RALPH LAUREN CORP has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, RALPH LAUREN CORP shares had a median return of +6.2%, over the following 2 weeks – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for RALPH LAUREN CORP received a high score of 8.9 (out of 10). This insight was generated on 2022-March-22 with last price of 117.28.

What’s This Company About?

RALPH LAUREN CORP is in the Apparel Manufacturers 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 +25% (average). Ticker symbol: RL 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 124.56 (+6.2%) has been reached. Based on RALPH LAUREN CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 109.58 (last price at 117.28), which is equivalent to a -6.6% 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’ under (2), etc.

Previous episodes:

6.2% (September-2021), 9.6% (July-2021), 11.6% (April-2021), 0.9% (September-2020), 2.1% (July-2020), 1.4% (April-2020), 7.6% (February-2020), 15.8% (August-2019), 6.2% (June-2019), 2.6% (January-2019).

Historical Chart:

Summary:

NameRALPH LAUREN CORP
ViewUp
Star (1 to 10)8.9
Target+6.2%
Time2 weeks
Hit Rate100%

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