Score 9.2 (out of 10): SKYWORKS SOLUTIONS poised to seasonally rally by +9.4% during the
month of November

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What’s Going On Here?

The semiconductor outperformance likely came from a combination of better-than-feared earnings from Apple and Intel, as well as the positive data on wage inflation. The slowing numbers show that this summer’s rapid rate hikes could be having their intended effect which means the Federal Reserve might not continue to hike rates aggressively – an overall good sign for the economy.

Why Now?

SKYWORKS SOLUTIONS indicates an interesting seasonal (monthly for November) set up. During similar occasions, SKYWORKS SOLUTIONS shares had a median return of +9.4%, over the following 1 month – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for SKYWORKS SOLUTIONS received a high score of 9.2 (out of 10). This insight was generated with last price of 88.06.

What’s This Asset About?

SKYWORKS SOLUTIONS is in the Electronic Compo-Semicon sector. 204.730773925781 Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: SWKS US.

What’s My Risk / Reward and Time Horizon?

We found 1 month 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 96.36 (+9.4%) has been reached. Based on SKYWORKS SOLUTIONS’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 83.16 (last price at 88.06), which is equivalent to a – 5.6% 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:

0.9% (November-2021), 10.9% (November-2020), 12.4% (November-2019), 9.4% (November-2018), 3.6% (November-2017), 17.1% (November-2016), 1.2% (November-2015), 10.4% (November- 2014), 8.7% (November-2013)

Historical Chart:

Summary:

NameSKYWORKS SOLUTIONS
ViewUp
Star (1 to 10)9.2
Target+9.4%
Time1 month
Hit Rate100%

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