MYRG Forecast


Bullish Case: MYRG's position in growth sectors like renewable energy and infrastructure suggests strong future prospects. Consistent mean-reverting price action indicates resilience, with increases over varied periods accentuating underlying market confidence and potential for continued upward momentum.


Bearish Case: Recent high volatility and broad market concerns could pressure MYRG. Helium's analysis shows heightened implied volatility, suggesting investor caution. Potential macroeconomic shifts and increased operation costs could further dampen attractiveness and performance.


Potential Outcomes:

1. infrastructure investments rise, leveraging bullish momentum (60%).

2. Regulatory hurdles emerge, increasing operational costs, bearish impact (30%).

3. Unchanging mean-reverting price action, leading to neutral performance (10%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 30, 2024


MYR Forecast

MYRG        MYR
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with MYRG



LAZ Forecast + Options Trading Strategies   LAZ  Lazard (0.92)


CMI Forecast + Options Trading Strategies   CMI  Cummins (0.91)


VB Forecast + Options Trading Strategies   VB  Vanguard Group, Inc. - Vanguard Small Cap (0.91)


JEPI Forecast + Options Trading Strategies   JEPI  JPMorgan Equity Premium Income (0.91)


SCHD Forecast + Options Trading Strategies   SCHD  Schwab US Dividend Equity (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to MYRG



EVLV Forecast + Options Trading Strategies   EVLV  Evolv (-0.0)


NFG Forecast + Options Trading Strategies   NFG  National Fuel Gas (-0.0)


NEE Forecast + Options Trading Strategies   NEE  NextEra Energy (-0.0)


GUSH Forecast + Options Trading Strategies   GUSH  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.0)


MAA Forecast + Options Trading Strategies   MAA  Mid-America Apartment Communities (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against MYRG



SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.82)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.82)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.82)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.9)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.91)





Become a more profitable investor with AI optimized trading strategies






×

Chat with MYRG


 Ask any question about MYRG!