WRAP Forecast


Bullish Case: Expectation of rebound in WRAP price supported by relatively stable historical price returns, and recent AI analysis suggests possible undervaluation, presenting an opportunity for upward price action.


Bearish Case: Recent significant price drops and high implied volatility suggest ongoing market skepticism and potential further decline, exacerbated by flat recent price actions and high volatility in options market.


Potential Outcomes:

1. Rapid rebound: 20% chance.

2. Continued decline with high volatility: 45% chance.

3. Stabilization and gradual recovery: 35% chance; driven by historical performance and market analysis.


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April 24, 2024


Wrap Forecast

WRAP        Wrap
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with WRAP



WDFC Forecast + Options Trading Strategies   WDFC  WD-40 (0.91)


FMX Forecast + Options Trading Strategies   FMX  Fomento Economico Mexicano S.A.B. de C.V. (0.89)


ROST Forecast + Options Trading Strategies   ROST  Ross Stores (0.89)


NOW Forecast + Options Trading Strategies   NOW  ServiceNow (0.88)


RYTM Forecast + Options Trading Strategies   RYTM  Rhythm Pharmaceuticals (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to WRAP



RH Forecast + Options Trading Strategies   RH  RH - (-0.0)


RAPT Forecast + Options Trading Strategies   RAPT  RAPT Therapeutics (0.0)


KHC Forecast + Options Trading Strategies   KHC  Kraft Heinz (-0.0)


PSA Forecast + Options Trading Strategies   PSA  Public Storage (-0.0)


SMG Forecast + Options Trading Strategies   SMG  Scotts Miracle-Gro (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against WRAP



TH Forecast + Options Trading Strategies   TH  Target Hospitality Corp (-0.81)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.82)


STAA Forecast + Options Trading Strategies   STAA  Staar Surgical (-0.82)


SBSW Forecast + Options Trading Strategies   SBSW  Sibanye Stillwater (-0.82)


FNV Forecast + Options Trading Strategies   FNV  Franco-Nevada (-0.87)





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