Score 8 (out of 10): NVIDIA CORP sets up for +9.1% rally in 2 weeks

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What’s Going On Here?

AMD, Nvidia shut out as Intel eyes $52 Billion CHIPS Act windfall.

Why Now?

NVIDIA CORP has triggered a new price range signal. During similar occasions, NVIDIA CORP shares had a median return of +9.1%, over the following 2 weeks – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for NVIDIA CORP received a high score of 8 (out of 10). This insight was generated on 2022-July-20 with last price of 178.07.

What’s This Company About?

NVIDIA CORP is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: NVDA 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 194.19 (+9.1%) has been reached. Based on NVIDIA CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 164.77 (last price at 178.07), which is equivalent to a -7.5% 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’ under (2), etc.

Previous episodes:

1% (March-2022), 24% (October-2021), 13.1 (August-2021), 6.1% (June-2021), 15.2% (April-2021), -1.5% (January-2021), 12% (August- 2020), 15.5% (May-2020), -0.4% (February-2020), -3.2% (November-2019).

Historical Chart:

Summary:

NameNVIDIA CORP
ViewUp
Star (1 to 10)8.0
Target9.1%
Time2 weeks
Hit Rate70%

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