  We present the historic light curve of the BL Lac object S5 0716+714,
spanning the time interval from 1953 to 2003, built using Asiago archive plates
and our recent CCD observations, together with literature data. The source
shows an evident long term variability, over which well known short term
variations are superposed. In particular, in the period from 1961 to 1983 the
mean brightness of S5 0716+714 remained significantly fainter than that
observed after 1994. Assuming a constant variation rate of the mean magnitude
we can estimate a value of about 0.11 magnitude/year. The simultaneous
occurrence of decreasing ejection velocities of superluminal moving components
in the jet reported by Bach et al. (2005) suggests that both phenomena are
related to the change of the direction of the jet to the line of sight from
about 5 to 0.7 degrees for an approximately constant bulk Lorentz factor of
about 12. A simple explanation is that of a precessing relativistic jet, which
should presently be close to the smallest orientation angle. One can therefore
expect in the next ten years a decrease of the mean brightness of about 1
magnitude.
