Score 9.1 (out of 10): ALPHABET INC-CL C poised to seasonally rally by +7.6% during the next 90 days.

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What’s Going On Here?

This coming fall, Alphabet is reportedly launching a streaming marketplace through the YouTube app, where users can browse various services and subscribe directly through the platform. If successful, the new service would see Alphabet create a new revenue stream through its cut of subscriptions made through YouTube, taking a cut out of the $80 billion streaming industry.

Why Now?

ALPHABET INC-CL C indicates an interesting 90 days seasonal set up. During similar occasions, ALPHABET INC-CL C shares had a median return of +7.6% – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for ALPHABET INC-CL C received a high score of 9.1 (out of 10). This insight was generated with last price of 111.3.

What’s This Token About?

ALPHABET INC-CL C is in the Web Portals/ISP business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: GOOGL US.

What’s My Risk / Reward and Time Horizon?

We found 90 days 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 119.72 (+7.6%) has been reached. Based on ALPHABET INC-CL C’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 106.2 (last price at 111.3), 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’ under (2), etc.

Previous episodes:

6.5% (September-2021), 6.4% (September-2020), 9.2% (September-2019), 8.9% (September-2018), -2.6% (September-2017), 8.8% (September-2016), 12.1% (September-2015), 7.4% (September-2014), 7.8% (September-2013)

Historical Chart:

Summary:

NameALPHABET
ViewUp
Star (1 to 10)9.1
Target7.6%
Time90 days
Hit Rate89%

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