AI AIRR Forecast

Price Forecast:


Bearish<->Bullish


Bullish Case: Increasing institutional interest and favorable macroeconomic indicators could drive AIRR's price above $80, particularly given the historical positive return likelihood of 40% over two years at these price levels.


Bearish Case: Profit-taking and high market uncertainty may result in a pullback to the $65-$67 range. With increasing institutional sells, a downside risk to $60 cannot be ruled out amidst potential market corrections.


Potential Outcomes:

1. 40% chance AIRR stabilizes around $71.

2. 30% chance of a correction to $65.

3. 20% chance of surging to $80 on positive economic data.

4. 10% risk of dip below $60 due to market downturns.


Trading Oracle: Consider putting on a bullish debit spread: Buy $77 calls and sell $78 calls expiring in 30 days, capturing upside potential with favorable risk-reward as volatility settles. The current upwards momentum offers solid alpha opportunities with a high probability of profit.


October 13, 2024


First Trust RBA American Industrial Renaissance Forecast

AIRR        First Trust RBA American Industrial Renaissance











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