DKS Forecast + Trading Strategies


Bullish Case: DKS has a history of strong returns and is trading at a significant gain over the last five years. The AI forecast indicates a positive trend (+0.56%), and bullish risk is 24% higher than bearish risk.


Bearish Case: Recent insider sales, high implied volatility indicating potential overvaluation, and a strong sell rating suggest downside risk. The stock is also down 12.4% from its peak, reflecting possible top-out behavior.


Potential Outcomes:

1. Continued growth supported by historical performance and positive AI forecast (60%).

2. Downside risk due to insider sales and high volatility suggesting overvaluation (40%).


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


May 21, 2024


Dicks Sporting Goods Forecast

DKS        Dicks Sporting Goods
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with DKS



OTIS Forecast + Options Trading Strategies   OTIS  Otis Worldwide (0.94)


C Forecast + Options Trading Strategies   C  Citigroup (0.94)


AXP Forecast + Options Trading Strategies   AXP  American Express (0.94)


SLM Forecast + Options Trading Strategies   SLM  SLM (0.94)


XRT Forecast + Options Trading Strategies   XRT  SPDR Retail (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to DKS



MAG Forecast + Options Trading Strategies   MAG  MAG Silver (-0.0)


TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (0.01)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (0.01)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.01)


ZTS Forecast + Options Trading Strategies   ZTS  Zoetis (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against DKS



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.89)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.89)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.91)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.92)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.92)





Become a more profitable investor with AI optimized trading strategies






×

Chat with DKS


 Ask any question about DKS!