Bullish Case: Recent clinical trials show OGM's potential as a standard care alternative in genetic diagnosis, suggesting an upside as adoption grows [tipranks.com].


Bearish Case: BNGO's consistent downward trend hints at underlying issues, with an AI forecast of further declines and weak trading volume [Helium], [Helium].


Potential Outcomes:

1) OGM standardization lifts BNGO: 30%;

2) Continuing downward trend: 50%;

3) Sudden competitive disruption: 5%;

4) Significant tech breakthrough: 15%.


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February 06, 2024


Bionano Genomics Forecast

[BNGO]  Bionano Genomics
Price Forecast: BEARISH    Price Action: RANDOM (?)



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BNGO Balanced News:


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Correlated Stock Forecasts

Assets that tend to move strongly with BNGO



TAN Forecast + Options Trading Strategies   [TAN]  Invesco Solar (0.96)


CHPT Forecast + Options Trading Strategies   [CHPT]  ChargePoint (0.96)


SEDG Forecast + Options Trading Strategies   [SEDG]  Solaredge (0.96)


DQ Forecast + Options Trading Strategies   [DQ]  Daqo New Energy (0.95)


EWH Forecast + Options Trading Strategies   [EWH]  BlackRock Institutional Trust Company N.A. - iShares MSCI Hong Kong (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to BNGO



SNV Forecast + Options Trading Strategies   [SNV]  Synovus Financial (0.0)


VLY Forecast + Options Trading Strategies   [VLY]  Valley National Bancorp (0.0)


AVTR Forecast + Options Trading Strategies   [AVTR]  Avantor (-0.0)


ERX Forecast + Options Trading Strategies   [ERX]  Direxion Daily Energy Bull 2X Shares (0.01)


REK Forecast + Options Trading Strategies   [REK]  ProShares Short Real Estate (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BNGO



FTAI Forecast + Options Trading Strategies   [FTAI]  Fortress Transportation and Infrastructure Investors (-0.93)


SMIN Forecast + Options Trading Strategies   [SMIN]  BlackRock Institutional Trust Company N.A. - iShares MSCI India Small-Cap (-0.93)


SFM Forecast + Options Trading Strategies   [SFM]  Sprouts Farmers Market (-0.94)


MCK Forecast + Options Trading Strategies   [MCK]  Mckesson (-0.95)


CBOE Forecast + Options Trading Strategies   [CBOE]  Cboe Global Markets (-0.95)





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