🚀 Today's Big Ideas: Ford, Bitcoin, Oracle
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TODAY’s Big Ideas:
FORD MOTOR sets up for +27.2% rally in 3 months
Bitcoin sets up for +20.8% rally in 1 month
ORACLE sets up for +9.3% rally in 1 month
For more investment insights, please visit us at www.LongShortBets.com
(1) Score 7 (out of 10): FORD MOTOR sets up for +27.2% rally in 3 months
What’s Going On Here?
Ford customers and dealers are playing a waiting game as the demand for the ‘hottest’ new SUV is very strong but the company fails to keep up with demand. SuperBowl ads featured new EV cars. Ford could remain a beneficiary for years to come.
Why Now?
FORD MOTOR CO has triggered a new high volatility signal (3 month). During similar occasions, FORD MOTOR CO shares had a median return of +27.2%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for FORD MOTOR CO received a high score of 9 (out of 10). This insight was generated on 2022-February-11 with last price of 17.53.
What’s This Company About?
FORD MOTOR CO is in the Auto-Cars/Light Trucks 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 +34% (average). Ticker symbol: F US.
What’s My Risk / Reward and Time Horizon?
We found 3 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 22.33 (+27.2%) has been reached. Based on FORD MOTOR CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 16.25 (last price at 17.55), which is equivalent to a -7.4% decline.
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(2) Score 7.9 (out of 10): Bitcoin sets up for +20.8% rally in 1 month
What’s Going On Here?
Bitcoin could benefit from futures short covering as perpetual funding rates are still trading at a small discount. Together with rising open interest, this could indicate that traders have kept shorting, despite the recent rebound. Now, higher prices might force them to throw in the (bearish) towel.
Why Now?
Bitcoin has reached a new shorter-term high. Previously, during similar occasions, Bitcoin shares had a median return of +20.8%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for Bitcoin received a high score of 7.9 (out of 10). This insight was generated on 2022-February-8 with last price of 44,305.
What’s This Company About?
Bitcoin is a cryptocurrency. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: GBTC or BTC.
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 53,516 (+20.8%) has been reached. Based on Bitcoin’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 40,000 (last price at 44,305), which is equivalent to a -10% decline.
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(3) Score 9 (out of 10): ORACLE sets up for +9.3% rally in 1 month
What’s Going On Here?
Oracle ranks as the world’s most popular database management system. The company has recently opened a data centre to provide cloud services across Africa.
Why Now?
ORACLE CORP has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, ORACLE CORP shares had a median return of +9.3%, over the following 1 month – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for ORACLE CORP received a high score of 9 (out of 10). This insight was generated on 2022-February-9 with last price of 83.45.
What’s This Company About?
ORACLE CORP is in the Enterprise Software/Serv 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 +25.1% (average). Ticker symbol: ORCL 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 91.18 (+9.3%) has been reached. Based on ORACLE CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 80.95 (last price at 83.45), which is equivalent to a -3% decline.
For more investment insights, please visit us at www.LongShortBets.com