CLH Forecast + Trading Strategies




Price Forecast:




80% Confidence

Bearish<->Bullish




Bullish Case: Increased demand for environmental services, driven by stricter regulations, positions CLH for strong growth. Positive sentiments in social media also indicate investor confidence, supporting potential profitability in upcoming quarters.




Bearish Case: Concerns about overvaluation and low demand in the base oil sector could pressure CLH's stock price. If these trends persist, they may lead to reduced profitability despite the growth in environmental services.




Potential Outcomes:
  • Increased regulation elevates demand: 60% chance
  • Base oil demand challenges hurt Safety-Kleen: 25% chance
  • Market volatility causes unpredictable price movements: 15% chance




Trading Oracle: Adopt a bullish debit spread by buying $240/$250 call spread expiring in 28 days. This strategy leverages positive momentum in environmental service demand and takes advantage of lower implied volatility, targeting potential high returns. Expect a 75% success rate with good reward-risk balance, maximizing the favorable sentiment around CLH.



December 21, 2024


Clean Harbors Forecast

CLH        Clean Harbors











Correlated Assets

Assets that tend to move strongly with CLH



KKR Forecast + Options Trading Strategies   KKR  KKR (0.97)


FTAI Forecast + Options Trading Strategies   FTAI  Fortress Transportation and Infrastructure Investors (0.97)


HEI Forecast + Options Trading Strategies   HEI  Heico (0.97)


GDDY Forecast + Options Trading Strategies   GDDY  Godaddy (0.97)


ITA Forecast + Options Trading Strategies   ITA  BTC iShares U.S. Aerospac (0.97)



Uncorrelated Assets

Assets with little price relationship to CLH



IOVA Forecast + Options Trading Strategies   IOVA  Iovance Biotherapeutics (0.0)


PSTL Forecast + Options Trading Strategies   PSTL  Postal Realty Trust (0.01)


PENN Forecast + Options Trading Strategies   PENN  Penn National Gaming (-0.01)


JOBY Forecast + Options Trading Strategies   JOBY  Joby Aviation (-0.01)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (0.02)



Anticorrelated Assets

Assets that tend to move strongly against CLH



DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.93)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.93)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.94)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.96)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.97)









Become a more profitable investor with AI optimized trading strategies






×

Chat with CLH


 Ask any question about CLH!