AI ADI Forecast + Trading Strategies


Price Forecast:


Bearish<->Bullish


Bullish Case: Given strong earnings forecasts and institutional support, ADI may benefit from sector recovery and bullish sentiment, suggesting potential upside in price.


Bearish Case: High insider selling and recent flat price action indicate possible undervaluations or profit-taking, leading to downward pressure on ADI shares.


Potential Outcomes:

1. Market recovery boosts ADI: 60%

2. Economic downturn pressures ADI further: 30%

3. Status quo with limited movement: 10%


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


August 24, 2024


Analog Devices Forecast

ADI      Analog Devices











Correlated Assets

Assets that tend to move strongly with ADI



NXPI Forecast + Options Trading Strategies   NXPI  NXP Semiconductors (0.94)


BAC Forecast + Options Trading Strategies   BAC  Bank Of America (0.94)


TEL Forecast + Options Trading Strategies   TEL  Registered Shares (0.93)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.93)


SMH Forecast + Options Trading Strategies   SMH  VanEck Vectors Semiconductor (0.93)



Uncorrelated Assets

Assets with little price relationship to ADI



SNY Forecast + Options Trading Strategies   SNY  Sanofi (-0.0)


CLX Forecast + Options Trading Strategies   CLX  Clorox (-0.0)


GOOS Forecast + Options Trading Strategies   GOOS  Canada Goose Holdings Inc (Subord Vot Shs) (-0.0)


HAE Forecast + Options Trading Strategies   HAE  Haemonetics (-0.0)


GTLS Forecast + Options Trading Strategies   GTLS  Chart Industries (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against ADI



MED Forecast + Options Trading Strategies   MED  Medifast (-0.87)


WTI Forecast + Options Trading Strategies   WTI  W & T Offshore (-0.88)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.91)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.93)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.93)





Become a more profitable investor with AI optimized trading strategies






×

Chat with ADI


 Ask any question about ADI!