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(1) Score 7.9 (out of 10): AMAZON.COM sets up for -5.8%% drop in 1 month
What’s Going On Here?
AMAZON.COM has reached a new medium term high. Previously, during similar occasions, AMAZON.COM shares had a median return of -5.8%, over the following 1 month – based on 10 historical occasions with 8 of those showing negative returns (80% hit ratio). This sell signal for AMAZON.COM received a high score of 7.9 (out of 10). This insight was generated on 2023-April-27 with last price of 109.82.
What’s This Company About?
AMAZON.COM is in the E-Commerce/Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: AMZN US.
What’s the track record of this Signal?
-9.8% (January-2023), -4.6% (August-2022), -14.4% (April-2022), -3.7% (November-2021), 2.4% (June-2021), -7% (April-2021), -7% (February-2021), 4.6% (April-2020), -0.6% (January-2020), -7.8% (July-2019).
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 103.44 (-5.8%) has been reached. Based on AMAZON.COM’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 114.42 (last price at 109.82), which is equivalent to a 4.2% rally.
Historical Chart:
(2) Score 7.5 (out of 10): MICROSOFT sets up for +10.5% rally in 3 months
What’s Going On Here?
MICROSOFT has triggered a new price range signal. During similar occasions, MICROSOFT shares had a median return of +10.5%, over the following 3 months – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for MICROSOFT received a high score of 7.5 (out of 10). This insight was generated on 2023-April-25 with last price of 275.42.
What’s This Company About?
MICROSOFT is in the Applications Software business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: MSFT US.
What’s the track record of this Signal?
-10.1% (September-2022), -10.5% (December-2021), 11.4% (September-2021), 9.3% (March-2021), 18.5% (November-2020), 15.9% (March-2020), 9.6% (August-2019), 15.2% (June-2019), -0.7% (October-2018), 17.7% (July-2018).
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 304.4 (+10.5%) has been reached. Based on MICROSOFT’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 267.02 (last price at 275.42), which is equivalent to a -3% decline.
Historical Chart:
(3) Score 7.3 (out of 10): NVIDIA poised to rally +6.8% rally in 2 weeks
What’s Going On Here?
NVIDIA has reached a new shorter-term low. Previously, during similar occasions, NVIDIA shares had a median return of +6.8%, over the following 2 weeks based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for NVIDIA received a high score of 7.3 (out of 10). This insight was generated on 2023-April-25 with last price of 262.41.
What’s This Company About?
NVIDIA is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: NVDA US.
What’s the track record of this Signal?
1.9% (December-2022), -10.8% (September-2022), 2.1% (June-2022), 25.2% (March-2022), 7.7% (December-2021), -0.1% (October-2021), 7.4% (July-2021), 9.4% (May-2021), 9.9% (January-2021), 6.3% (November-2020).
What’s My Risk / Reward and Time Horizon?
We found 2 weeks 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 280.3 (+6.8%) has been reached. Based on NVIDIA’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 251.41 (last price at 262.41), which is equivalent to a -4.2% decline.% rally.
Historical Chart:
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