AME Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Ametek's historical return patterns indicate a strong likelihood of positive returns over one-year holding periods, supported by favorable market conditions and upcoming product innovations, suggesting potential for price appreciation beyond current levels.




Bearish Case: Recent high implied volatility signals market anxiety, coupled with elevated put trading volume, points to bearish sentiment, which could pressure stock prices and lead to corrections in the short term.




Potential Outcomes:

1) Continued growth from product innovations (60%);

2) Increase in insider selling leading to price drops (30%);

3) Market reacts negatively to uncertainties, with minor fluctuations (10%).




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



November 12, 2024


Ametek Forecast

AME        Ametek











Correlated Assets

Assets that tend to move strongly with AME



TRMB Forecast + Options Trading Strategies   TRMB  Trimble (0.87)


PCAR Forecast + Options Trading Strategies   PCAR  Paccar (0.86)


VMC Forecast + Options Trading Strategies   VMC  Vulcan Materials (0.82)


TGT Forecast + Options Trading Strategies   TGT  Target (0.79)


H Forecast + Options Trading Strategies   H  Hyatt Hotels (0.78)



Uncorrelated Assets

Assets with little price relationship to AME



LI Forecast + Options Trading Strategies   LI  Li Auto (0.0)


FOX Forecast + Options Trading Strategies   FOX  Fox Corporation - (0.0)


INFY Forecast + Options Trading Strategies   INFY  Infosys (-0.0)


DUK Forecast + Options Trading Strategies   DUK  Duke Energy (-0.0)


TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (0.0)



Anticorrelated Assets

Assets that tend to move strongly against AME



HUM Forecast + Options Trading Strategies   HUM  Humana (-0.6)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.61)


FLNG Forecast + Options Trading Strategies   FLNG  Flex Lng (-0.62)


MANU Forecast + Options Trading Strategies   MANU  Manchester United Plc. (-0.63)


NKLA Forecast + Options Trading Strategies   NKLA  Nikola (-0.64)









Become a more profitable investor with AI optimized trading strategies






×

Chat with AME


 Ask any question about AME!