Score 9.5 (out of 10): BOEING sets up for +9.6% rally in 1 month

57

What’s Going On Here?

Boeing has landed a huge airplane order from Qatar Airways. The airline has committed buying 50 Boeing 737 Max jets with a contract value of $27bn.

Why Now?

BOEING CO/THE has triggered a new high volatility signal (3 month). During similar occasions, BOEING CO/THE shares had a median return of +9.6%, over the following 1 month – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for BOEING CO/THE received a high score of 9.5 (out of 10). This insight was generated on 2022-February-1 with last price of 207.52.

What’s This Company About?

BOEING CO/THE is in the Aerospace/Defense business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth +25.8% (average). Ticker symbol: BA 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 227.39 (+9.6%) has been reached. Based on BOEING CO/THE’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 205.02 (last price at 207.52), which is equivalent to a -1.2% 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:

-1.1% (October-2019), 9.5% (August-2019), 12.8% (December-2018), 19.5% (October-2018), 9.7% (April-2018), 7.2% (February-2018), 15.8% (August-2017), 9.5% (June-2017), 8.1% (November-2015), 10.7% (September-2015).

Historical Chart:

———————————————————————

Summary:

NameBOEING
ViewUp
Star (1 to 10)9.6
Target+9.6%
Time1 month
Hit Rate90%

Popular Insights:

Leave a Reply