DECK Forecast


Bullish Case: DECK has demonstrated substantial historical growth, supported by strong brand momentum (UGG, HOKA) and optimistic earnings forecasts.


Bearish Case: Market uncertainties indicated by lower trading volumes and stagnating price action, combined with insider selling, suggest potential near-term corrections.


Potential Outcomes:

1. DECK continues to rally due to strong brand performance (60%).

2. Market uncertainty and flat movement in implied volatility lead to stagnation or correction (30%).

3. Unforeseen market events create volatility spikes (10%).


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


June 27, 2024


Deckers Outdoor Forecast

DECK      Deckers Outdoor











Correlated Assets

Assets that tend to move strongly with DECK



HIMS Forecast + Options Trading Strategies   HIMS  Hims & Hers Health (0.95)


SCHG Forecast + Options Trading Strategies   SCHG  Schwab U.S. Large-Cap Growth (0.95)


KLAC Forecast + Options Trading Strategies   KLAC  KLA (0.95)


HWM Forecast + Options Trading Strategies   HWM  Howmet Aerospace (0.95)


VGT Forecast + Options Trading Strategies   VGT  Vanguard Information Technology (0.95)



Uncorrelated Assets

Assets with little price relationship to DECK



SONY Forecast + Options Trading Strategies   SONY  Sony Group Corporation (-0.01)


TTC Forecast + Options Trading Strategies   TTC  Toro (-0.01)


NAT Forecast + Options Trading Strategies   NAT  Nordic American Tankers (0.01)


LBTYA Forecast + Options Trading Strategies   LBTYA  Liberty Global plc (-0.01)


MDLZ Forecast + Options Trading Strategies   MDLZ  Mondelez International (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against DECK



SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.93)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.93)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.94)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.95)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.95)





Become a more profitable investor with AI optimized trading strategies






×

Chat with DECK


 Ask any question about DECK!