Score 9.5 (out of 10): SWISS MKT IX FUTR sets up for +4% rally in 1 month

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What’s Going On Here?

The Swiss equity market tumbled as virus fears triggered a sell-off. While economic growth has slowed down a bit, the expansion was better than expected as preliminary economic data showed. GDP increased +4.1% while analysts expected +3.2%.

Why Now?

SWISS MKT IX FUTR has successfully tested a support level. During similar occasions, SWISS MKT IX FUTR shares had a median return of +4%, over the following 1 month – based on 6 historical occasions with 6 of those showing positive returns (100%). This buy signal for SWISS MKT IX FUTR received a high score of 9.5 (out of 10). This insight was generated on 2021-November-29 with last price of 12184.

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 12668.15 (+4%) has been reached. Based on SWISS MKT IX FUTR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 11843.2 (last price at 12184), which is equivalent to a -2.8% 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:

4.4% (May-2021), 0.2% (February- 2021), 5% (December-2020), 3.6% (June-2020), 4.5% (January-2020), 2.4% (September-2019).

Historical Chart:

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Summary:

NameSWISS MKT IX FUTR
ViewUp
Star (1 to 10)9.5
Target+4%
Time1 month
Hit Rate100%

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