🚀 Today's Big Ideas: Nasdaq QQQ (+5.8%), AMD (+30.3%), Schwab (+8.6%)
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(1) Score 9.3 (out of 10): INVESCO QQQ TRUST sets up for +5.8% rally in 2 months
What’s Going On Here?
INVESCO QQQ TRUST has triggered a new volatility signal (1 month). During similar occasions, INVESCO QQQ TRUST shares had a median return of +5.8%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for INVESCO QQQ TRUST received a high score of 9.3 (out of 10). This insight was generated on 2023-May-5 with last price of 316.17.
What’s This Company About?
INVESCO QQQ TRUST is in the Sector Fund-Technology business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: QQQ US.
What’s the track record of this Signal?
5.5% (March-2023), 5.2% (December-2022), 4.6% (August-2021), 6.1% (June-2021), 6.8% (April-2021), 11% (November-2020), 9.1% (October-2019), -1.5% (June-2019), 2% (March-2019), 8.1% (January-2019).
What’s My Risk / Reward and Time Horizon?
We found 2 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 334.53 (+5.8%) has been reached. Based on INVESCO QQQ TRUST’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 309.97 (last price at 316.17), which is equivalent to a -2% decline.
Historical Chart:
(2) Score 8.6 (out of 10): ADVANCED MICRO DEVICES indicates to return +30.3 rally in 3 months
What’s Going On Here?
ADVANCED MICRO DEVICES appears to have reached a potential bottom. During similar occasions, ADVANCED MICRO DEVICES shares had a median return of +30.3%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for ADVANCED MICRO DEVICES received a high score of 8.6 (out of 10). This insight was generated on 2023-May-5 with last price of 86.61.
What’s This Company About?
ADVANCED MICRO DEVICES is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: AMD US.
What’s the track record of this Signal?
63.1% (July-2020), 24.5% (August-2019), 26.2% (May-2019), 35.5% (November-2018), 52.8% (April-2018), 5.3% (November-2017), -9.3% (August-2017), 5.9% (April-2017), 34.4% (January-2017), 77.4% (September-2016).
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 112.85 (+30.3%) has been reached. Based on ADVANCED MICRO DEVICES’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 81.71 (last price at 86.61), which is equivalent to a -5.7% decline.
Historical Chart:
(3) Score 7.8 (out of 10): SCHWAB (CHARLES) sets up for +8.6% rally in 1 month
What’s Going On Here?
SCHWAB (CHARLES) has triggered a new price range signal. During similar occasions, SCHWAB (CHARLES) shares had a median return of +8.6%, over the following 1 month – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for SCHWAB (CHARLES) received a high score of 7.8 (out of 10). This insight was generated on 2023-May-5 with last price of 47.37.
What’s This Company About?
SCHWAB (CHARLES) is in the Finance-Invest Bnkr/Brkr business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: SCHW US.
What’s the track record of this Signal?
5% (January-2023), 13.8% (October-2022), 10.7% (March-2022), 7.3% (December-2021), 12% (September-2021), -0.4% (June-2021), 10.5% (May-2020), -8.1% (February-2020), 9.9% (August-2019), -2.9% (May-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 51.44 (+8.6%) has been reached. Based on SCHWAB (CHARLES)’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 44.07 (last price at 47.37), which is equivalent to a -7% decline.
Historical Chart:
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