EBIZ Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: EBIZ has exhibited a favorable recent price trend, trading upward by 17.8% over the last 90 days. With implied volatility diminishing and market sentiments turning optimistic, the outlook for further price ascendancy is strong.




Bearish Case: Despite recent gains, the high implied volatility indicates considerable market uncertainty and risk. Should economic fluctuations or regulatory changes negatively impact e-commerce, EBIZ could experience a swift downturn.




Potential Outcomes:
  • 15% chance: EBIZ rallies to $32 due to strong holiday sales.
  • 20% chance: Price stabilizes around $28.50 due to market corrections.
  • 25% chance: A pullback to $25 driven by inflation concerns.
  • 40% chance: Continued volatility keeps EBIZ fluctuating within the $27-$29 range.




Trading Oracle: Consider a bullish debit spread, buying the EBIZ 30.00 C and selling the 32.00 C for a January 2025 expiration. This strategy capitalizes on potential growth while containing losses within the current range. The high implied volatility indicates a robust potential for measurable profit while protecting against adverse movements.



November 26, 2024


Global X Funds - Global X E-commerce Forecast

EBIZ        Global X Funds - Global X E-commerce











Correlated Assets

Assets that tend to move strongly with EBIZ



VWO Forecast + Options Trading Strategies   VWO  Vanguard Group, Inc. - Vanguard FTSE Emerging Markets (0.94)


MOD Forecast + Options Trading Strategies   MOD  Modine Manufacturing (0.94)


SPXL Forecast + Options Trading Strategies   SPXL  Direxion Daily S&P 500 Bull 3X Shares (0.93)


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.93)


TT Forecast + Options Trading Strategies   TT  Trane (0.93)



Uncorrelated Assets

Assets with little price relationship to EBIZ



S Forecast + Options Trading Strategies   S  Sprint (-0.0)


WMT Forecast + Options Trading Strategies   WMT  Walmart (-0.0)


URBN Forecast + Options Trading Strategies   URBN  Urban Outfitters (-0.0)


UNIT Forecast + Options Trading Strategies   UNIT  Uniti (-0.01)


FRO Forecast + Options Trading Strategies   FRO  Frontline (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against EBIZ



EDIT Forecast + Options Trading Strategies   EDIT  Editas Medicine (-0.82)


JACK Forecast + Options Trading Strategies   JACK  Jack In The Box (-0.83)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.83)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.93)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.93)









Become a more profitable investor with AI optimized trading strategies






×

Chat with EBIZ


 Ask any question about EBIZ!