ENG Forecast


Bullish Case: ENG may capitalize on increasing global tech investments, particularly from machine learning project announcements and international partnerships. These developments could reinforce sectorial growth and drive short-term price spikes.


Bearish Case: ENG's severe historical price decline and recent flat performance suggest persisting investor pessimism. Ongoing environmental regulation costs and potential eco-policy shifts could further dampen profitability and investor attractiveness.


Potential Outcomes:

1. Positive market reaction to tech developments: 35%.

2. Continued price stagnation due to historical trends: 55%.

3. Negative impact from increased environmental regulations: 40%.


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


May 02, 2024


Englobal Forecast

ENG        Englobal
Price Forecast: BEARISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ENG



YUMC Forecast + Options Trading Strategies   YUMC  Yum China (0.94)


PLL Forecast + Options Trading Strategies   PLL  Piedmont Lithium (0.91)


MESO Forecast + Options Trading Strategies   MESO  Mesoblast (0.91)


LIT Forecast + Options Trading Strategies   LIT  Global X Lithium & Battery Tech (0.91)


PFE Forecast + Options Trading Strategies   PFE  Pfizer (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to ENG



TER Forecast + Options Trading Strategies   TER  Teradyne (0.0)


OMC Forecast + Options Trading Strategies   OMC  Omnicom Group (0.0)


TTD Forecast + Options Trading Strategies   TTD  Trade Desk (0.0)


FIVN Forecast + Options Trading Strategies   FIVN  Five9 (0.0)


ACI Forecast + Options Trading Strategies   ACI  Albertsons Companies (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ENG



CHKP Forecast + Options Trading Strategies   CHKP  Check Point Software Technolgies (-0.92)


CBOE Forecast + Options Trading Strategies   CBOE  Cboe Global Markets (-0.92)


ANF Forecast + Options Trading Strategies   ANF  Abercrombie & Fitch (-0.92)


AMR Forecast + Options Trading Strategies   AMR  Alta Mesa Resources (-0.93)


UEC Forecast + Options Trading Strategies   UEC  Uranium Energy (-0.94)





Become a more profitable investor with AI optimized trading strategies






×

Chat with ENG


 Ask any question about ENG!