Score 8 (out of 10): SONY GROUP CORP – SP ADR sets up for +12.1% rally in 2 months

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What’s Going On Here?

SONY is riding the Spider-Man wave. The film, made by Sony Group with Walt Disney’s Marvel division had the second highest domestic opening weekend of all time with $224m. ‘Avengers: Endgame’ a Marvel film released in 2019 had the biggest opening weekend in movie history with sales of $357m.

Why Now?

SONY GROUP CORP – SP ADR has successfully tested a support level. During similar occasions, SONY GROUP CORP – SP ADR shares had a median return of +12.1%, over the following 2 months – based on 6 historical occasions with 5 of those showing positive returns (83%). This buy signal for SONY GROUP CORP – SP ADR received a high score of 8 (out of 10). This insight was generated on 2021-December-21 with last price of 120.55.

What’s This Company About?

SONY GROUP CORP – SP ADR is in the Audio/Video Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 24.9% more (average). Ticker symbol: 6758 JP.

What’s My Risk / Reward and Time Horizon?

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 135.12 (+12.1%) has been reached. Based on SONY GROUP CORP – SP ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 114.95 (last price at 120.55), which is equivalent to a -4.6% 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’ shown under (2), etc. 

Previous episodes:

16.7% (July-2021), 16.4% (September-2020), 12.7% (October-2019), 11.5% (June-2019), -11.8% (October-2018), 10.4% (January-2018).

Historical Chart:

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Summary:

NameSONY GROUP CORP – SP ADR
ViewUp
Star (1 to 10)8.0
Target+12.1%
Time2 months
Hit Rate83%

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