ESI Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Increased demand for ESI's advanced technologies, driven by strategic partnerships and strong historical performance, suggests a potential price rise above $30 within the month as market sentiment improves.




Bearish Case: High implied volatility in short-term puts indicates market skepticism about ESI's near-term growth prospects, with macroeconomic challenges possibly leading prices to drop below $25 in the upcoming weeks.




Potential Outcomes:
  • 1. Strong partnership opportunities drive price above $30 (60% probability).
  • 2. Increased market volatility results in fluctuation around $27 (30% probability).
  • 3. Economic downturn leads to sustained prices below $25 (10% probability).




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



December 01, 2024


Element Forecast

ESI        Element











Correlated Assets

Assets that tend to move strongly with ESI



SPXL Forecast + Options Trading Strategies   SPXL  Direxion Daily S&P 500 Bull 3X Shares (0.91)


HOOD Forecast + Options Trading Strategies   HOOD  Robinhood Markets (0.89)


BAC Forecast + Options Trading Strategies   BAC  Bank Of America (0.89)


TSEM Forecast + Options Trading Strategies   TSEM  Tower Semiconductor (0.88)


ORCL Forecast + Options Trading Strategies   ORCL  Oracle (0.88)



Uncorrelated Assets

Assets with little price relationship to ESI



LUV Forecast + Options Trading Strategies   LUV  Southwest Airlines (-0.01)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (-0.01)


JNJ Forecast + Options Trading Strategies   JNJ  Johnson & Johnson (0.01)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (-0.01)


SIMO Forecast + Options Trading Strategies   SIMO  Silicon Motion Technology (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against ESI



WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.81)


XRAY Forecast + Options Trading Strategies   XRAY  DENTSPLY Sirona (-0.81)


EWZ Forecast + Options Trading Strategies   EWZ  iShares MSCI Brazil (-0.85)


COUR Forecast + Options Trading Strategies   COUR  Coursera (-0.85)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.9)









Become a more profitable investor with AI optimized trading strategies






×

Chat with ESI


 Ask any question about ESI!