Bullish Case: Undervaluation indicated by P/B ratio, recent institutional investments, mixed price signals, and potential bullish short volatility suggest a readiness for price appreciation.


Bearish Case: Current backwardation, lower trading volume, short-term downward trends, and continued underperformance signal potential bearish pressure.


Potential Outcomes:

1) Short-term recovery: 25%.

2) Continued bearish trend: 35%.

3) Consolidation at current levels: 40%. Conditional on institutional behavior, odd-lotter activities, and macroeconomic shifts.


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April 17, 2024


BHP Group Limited Forecast

BHP        BHP Group Limited
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






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SMPL Forecast + Options Trading Strategies   [SMPL]  Simply Good Foods (0.69)


PCG Forecast + Options Trading Strategies   [PCG]  PG&E (0.69)


SNAP Forecast + Options Trading Strategies   [SNAP]  Snapchat (0.68)



Uncorrelated Stock Forecasts

Assets with little price relationship to BHP



NOTV Forecast + Options Trading Strategies   [NOTV]  Inotiv (0.0)


BCRX Forecast + Options Trading Strategies   [BCRX]  Biocryst Pharmaceuticals (-0.0)


ALGM Forecast + Options Trading Strategies   [ALGM]  Allegro Microsystems (0.0)


ORCL Forecast + Options Trading Strategies   [ORCL]  Oracle (-0.0)


IONQ Forecast + Options Trading Strategies   [IONQ]  IonQ (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BHP



DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.52)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.52)


CNK Forecast + Options Trading Strategies   [CNK]  Cinemark (-0.56)


XOM Forecast + Options Trading Strategies   [XOM]  Exxon Mobil (-0.58)


CELH Forecast + Options Trading Strategies   [CELH]  Celsius (-0.6)





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