BON Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Historical mean reversion suggests a potential rebound as BON trades at significantly low levels, attracting value investors. Moreover, favorable macroeconomic indicators may bolster investor sentiment, increasing the likelihood of upward momentum.




Bearish Case: Persistent bearish sentiment, coupled with external economic pressures, raises the risk of continued declines. Historical data and prevailing market trends indicate a significant chance of negative returns, pressuring BON's price further downwards.




Potential Outcomes:
  • 1. Rebound to $2 (30%) due to mean reversion and investor interest.
  • 2. Continuation of the bearish trend below $1.50 (40%) amid negative sentiment.
  • 3. Stabilization around current levels ($1.35) (30%) as market reassesses value.




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



November 20, 2024


Bon Natural Life Forecast

BON        Bon Natural Life











Correlated Assets

Assets that tend to move strongly with BON



FLNG Forecast + Options Trading Strategies   FLNG  Flex Lng (0.75)


RIO Forecast + Options Trading Strategies   RIO  Rio Tinto (0.72)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (0.69)


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (0.69)


PARA Forecast + Options Trading Strategies   PARA  Paramount Global (0.67)



Uncorrelated Assets

Assets with little price relationship to BON



IVR Forecast + Options Trading Strategies   IVR  Invesco Mortgage (-0.0)


FRO Forecast + Options Trading Strategies   FRO  Frontline (0.0)


QRVO Forecast + Options Trading Strategies   QRVO  Qorvo (-0.0)


PTON Forecast + Options Trading Strategies   PTON  Peloton Interactive (-0.0)


LRCX Forecast + Options Trading Strategies   LRCX  Lam Research (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against BON



PAY Forecast + Options Trading Strategies   PAY  Paymentus (-0.73)


TRV Forecast + Options Trading Strategies   TRV  Travelers Companies (-0.74)


IHI Forecast + Options Trading Strategies   IHI  BTC iShares U.S. Medical (-0.74)


SHAK Forecast + Options Trading Strategies   SHAK  Shake Shack (-0.75)


LYV Forecast + Options Trading Strategies   LYV  Live Nation Entertainment (-0.76)









Become a more profitable investor with AI optimized trading strategies






×

Chat with BON


 Ask any question about BON!