Score 8 (out of 10): APPLE sets up for +11.1% rally in 2 months


What’s Going On Here?

APPLE has triggered a new volatility signal (1 month). During similar occasions, APPLE shares had a median return of +11.1%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for APPLE received a high score of 8 (out of 10). This insight was generated on 2023-April-4 with last price of 165.63.

APPLE is in the Computers business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: AAPL US.

15% (February-2023), 16.6% (November-2021), -0.2% (September-2021), 11.8% (June-2021), 0.8% (April-2021), 20.3% (November-2019), 16.4% (March-2019), -11.7% (September-2018), 6.8% (June-2018), 10.3% (March-2017).

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 183.94 (+11.1%) has been reached. Based on APPLE’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 161.13 (last price at 165.63), which is equivalent to a -2.7% decline.

Historical Chart:


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