AI CENX Forecast


Price Forecast:


Bearish<->Bullish


Bullish Case: CENX could rally, supported by favorable economic conditions and strong aluminum demand, driven by clean energy initiatives. Analysts are optimistic about a potential price increase due to expansion plans and heightened domestic demand.


Bearish Case: The stock may face downward pressure due to global economic headwinds and recent volatility in commodities. Uncertainties regarding expansion projects and competitive challenges could limit upside potential, leading to corrections.


Potential Outcomes:

1) CENX rises to $18 (40%);

2) CENX declines to $14 (30%);

3) Price stabilizes around $16 (30%). Market sentiment and economic indicators will significantly influence these outcomes.


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September 27, 2024


Century Aluminum Forecast

CENX      Century Aluminum











Correlated Assets

Assets that tend to move strongly with CENX



FCX Forecast + Options Trading Strategies   FCX  Freeport-McMoRan (0.97)


COPX Forecast + Options Trading Strategies   COPX  Global X Funds - Global X Copper Miners (0.96)


DESP Forecast + Options Trading Strategies   DESP  Despegar.com (0.94)


AA Forecast + Options Trading Strategies   AA  Alcoa (0.94)


DB Forecast + Options Trading Strategies   DB  Deutsche (0.94)



Uncorrelated Assets

Assets with little price relationship to CENX



BGS Forecast + Options Trading Strategies   BGS  B&G Foods (0.0)


WEC Forecast + Options Trading Strategies   WEC  WEC Energy (-0.0)


WNDY Forecast + Options Trading Strategies   WNDY  Global X Funds - Global X Wind Energy (0.0)


CAH Forecast + Options Trading Strategies   CAH  Cardinal Health (0.01)


RKLB Forecast + Options Trading Strategies   RKLB  Rocket Lab USA (0.01)



Anticorrelated Assets

Assets that tend to move strongly against CENX



VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.83)


AEHR Forecast + Options Trading Strategies   AEHR  Aehr Test Systems (-0.83)


VRSN Forecast + Options Trading Strategies   VRSN  Verisign (-0.85)


IGT Forecast + Options Trading Strategies   IGT  International Game Technology (-0.89)


FWRD Forecast + Options Trading Strategies   FWRD  Forward Air (-0.9)





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