NOV Forecast


Bullish Case: NOV's historical resilience in fluctuating markets, highlighted by a recent uptrend from sixty days ago, suggests a potential rebound. The muted HeliumTrades AI forecast (+0.07%) implies stability, making it ripe for opportunistic gains amid general market uncertainties.


Bearish Case: NOV's price has declined significantly over the past five years, with current tradings reflecting recent dips and an overall -25.9% from peak levels. Low option trading volume and a flat price forecast signal weak investor confidence and potential further slides.


Potential Outcomes:

1. Economic recovery improves NOV's market position (40%).

2. Ongoing global uncertainties cause further price dips (35%).

3. Innovations and sector recovery lead to modest gains (25%).


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May 01, 2024


NOV Forecast

NOV        NOV
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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BKR Forecast + Options Trading Strategies   BKR  Baker Hughes (0.8)


XES Forecast + Options Trading Strategies   XES  SPDR Series Trust - SPDR Oil & Gas Equipment and Services (0.78)


VAL Forecast + Options Trading Strategies   VAL  Valaris (0.77)



Uncorrelated Stock Forecasts

Assets with little price relationship to NOV



EMN Forecast + Options Trading Strategies   EMN  Eastman Chemical (0.0)


RACE Forecast + Options Trading Strategies   RACE  Ferrari (0.0)


ALGN Forecast + Options Trading Strategies   ALGN  Align Technology (0.0)


JEPI Forecast + Options Trading Strategies   JEPI  JPMorgan Equity Premium Income (-0.0)


ENVX Forecast + Options Trading Strategies   ENVX  Enovix (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NOV



SE Forecast + Options Trading Strategies   SE  Sea (-0.59)


MDGL Forecast + Options Trading Strategies   MDGL  Madrigal Pharmaceuticals (-0.61)


SSTK Forecast + Options Trading Strategies   SSTK  Shutterstock (-0.62)


BBAI Forecast + Options Trading Strategies   BBAI  BigBear.ai (-0.65)


TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (-0.69)





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