Score 8 (out of 10): APPLE indicates to return +11.9 rally in 3 months

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What’s Going On Here?

Apple supplier Foxconn sees possible revenue hit from supply chain woes. The Taiwanese company said separately that it had restarted some production and operations at its Shenzhen campus after meeting government conditions for staff to live and work in a bubble.

Why Now?

APPLE INC appears to have reached a potential bottom. During similar occasions, APPLE INC shares had a median return of +11.9%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for APPLE INC received a high score of 8 (out of 10). This insight was generated on 2022-March-15 with last price of 155.09.

What’s This Company About?

APPLE INC is in the Computers business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: AAPL 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 173.56 (+11.9%) has been reached. Based on APPLE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 148.19 (last price at 155.09), which is equivalent to a -4.4% 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:

14.7% (May-2021), 0.8% (February-2021), 23.3% (November-2020), 8.7% (February-2020), 30.5% (August-2019), 6.2% (May-2019), -14.5% (November-2018), 14.1% (February-2018), 16.2% (September-2017), 9.7% (June-2017).

Historical Chart:

Summary:

NameAPPLE INC
ViewUp
Star (1 to 10)8.0
Target+11.9%
Time3 months
Hist Rate90%

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