Bullish Case: Recent AGQ surge suggests a momentum-driven bullish scenario, amplified by Helium's higher implied volatility forecast compared to market consensus, indicating possible underpricing of bullish risk.


Bearish Case: Despite AGQ's rise, historical performance and a neutral short-term price forecast signal a potential pullback, especially as market implied volatility stays consistently low, reflecting limited expectation of large price swings.


Potential Outcomes:

1. Further Rally (35%): Continued upward momentum.

2. Correction (40%): Historical underperformance suggests reversal.

3. Sideways Movement (25%): Mixed market signals imply consolidation.


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


April 12, 2024


ProShares Ultra Silver Forecast

AGQ        ProShares Ultra Silver
Price Forecast: BULLISH    Price Action: TRENDING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with AGQ



SIVR Forecast + Options Trading Strategies   SIVR  Aberdeen Standard Physical Silver Shares (0.93)


JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (0.89)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.88)


SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.88)


SA Forecast + Options Trading Strategies   SA  Seabridge Gold (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to AGQ



COCO Forecast + Options Trading Strategies   COCO  Vita Coco (0.0)


RRC Forecast + Options Trading Strategies   RRC  Range Resources (0.0)


BLDR Forecast + Options Trading Strategies   BLDR  Builders Firstsource (-0.0)


BUD Forecast + Options Trading Strategies   BUD  Anheuser-Busch (-0.0)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against AGQ



GRPN Forecast + Options Trading Strategies   GRPN  Groupon (-0.56)


IGV Forecast + Options Trading Strategies   IGV  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (-0.56)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.56)


WMT Forecast + Options Trading Strategies   WMT  Walmart (-0.61)


HDSN Forecast + Options Trading Strategies   HDSN  Hudson Technologies (-0.67)





Become a more profitable investor with AI optimized trading strategies






×

Chat with AGQ


 Ask any question about AGQ!