Score 9.1 (out of 10): LIVE NATION ENTERTAINMENT IN sets up for +12.2% rally in 2 months

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What’s Going On Here?

LIVE NATION has reported robust 2021 and Q4 ’21 earnings – despite covid. Revenue jumped back to $6.3bn – compared to $11.6bn for 2019. The company has put on more than 17,000 concerts for 35 million fans in 2021. Analyst might have to upgrade their price target levels after these numbers.

Why Now?

LIVE NATION ENTERTAINMENT IN has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, LIVE NATION ENTERTAINMENT IN shares had a median return of +12.2%, over the following 2 months – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for LIVE NATION ENTERTAINMENT IN received a high score of 9.1 (out of 10). This insight was generated on 2022-February-23 with last price of 113.4.

What’s This Company About?

LIVE NATION ENTERTAINMENT IN is in the Theaters 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 -1.6% (average). Ticker symbol: LYV US.

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 127.27 (+12.2%) has been reached. Based on LIVE NATION ENTERTAINMENT IN’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 108.2 (last price at 113.4), 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:

10.8% (December-2021), 25.1% (August-2021), 8.2% (April-2021), 34.2% (October-2020), 25.1% (July-2020), 3.9% (March-2020), 12.8% (November-2019), 1.4% (August-2019), 11.6% (May-2019), 19.4% (January-2019).

Historical Chart:

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Summary:

NameLIVE NATION ENTERTAINMENT IN
ViewUp
Star (1 to 10)9.1
Target+12.2%
Time2 months
Hist Rate100%

Popular Insights:

INFOSYS has denied that the company is launching a crypto project. But the company continues to expand aggressively in Costa Rico. ‘Wall Street’ analysts’ think the shares will rally +22% over the next 12 months.

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