Bullish Case: Allegheny’s stock shows a solid upward trend (19.3% in 90 days), signaling investor confidence. The HeliumTrades AI bullish forecast supports the thesis for continuation of this growth trajectory.


Bearish Case: Low option trading volume and the negative historical correlation between AI forecasts and realized price suggest investor skepticism, potentially leading to subdued performance or correction.


Potential Outcomes:

1) Helium AI forecast correct, stock up: 45%.

2) Trading volume remains low, volatility spikes: 30%.

3) AI disconnect, stock underperforms: 25%.


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


April 02, 2024


Allegheny Forecast

ATI        Allegheny
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ATI



IQV Forecast + Options Trading Strategies   IQV  IQVIA (0.85)


REAL Forecast + Options Trading Strategies   REAL  Therealreal (0.84)


XLB Forecast + Options Trading Strategies   XLB  Active Trust - Materials Select Sector SPDR (0.83)


LOW Forecast + Options Trading Strategies   LOW  Lowe's Cos. (0.81)


NUE Forecast + Options Trading Strategies   NUE  Nucor (0.81)



Uncorrelated Stock Forecasts

Assets with little price relationship to ATI



ONEW Forecast + Options Trading Strategies   ONEW  Onewater Marine (0.0)


CSCO Forecast + Options Trading Strategies   CSCO  Cisco Systems (-0.0)


TSAT Forecast + Options Trading Strategies   TSAT  Telesat Corp (-0.01)


GUSH Forecast + Options Trading Strategies   GUSH  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.01)


PDBC Forecast + Options Trading Strategies   PDBC  Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ATI



HUM Forecast + Options Trading Strategies   HUM  Humana (-0.73)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.73)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.75)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.75)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.77)





Become a more profitable investor with AI optimized trading strategies






×

Chat with ATI


 Ask any question about ATI!