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AI EWCZ Forecast + Trading Strategies


Price Forecast:


Bearish   <->   Bullish

Bullish Case: EWCZ shows potential for a rebound driven by strong demand trends in the waxing industry and recent expansions into new markets, signaling growth in customer traffic and revenues.

Bearish Case: EWCZ's significant decline from past highs and prevailing volatility suggest continued investor skepticism, hindering recovery despite positive short-term catalysts in market sentiment or promotions.

Potential Outcomes:

1. Positive FY24 earnings report boosts sentiment (40%).

2. Continued flat trend leads to further price erosion (30%).

3. Major market volatility impacts EWCZ valuation negatively (30%).

Trading Oracle: Consider initiating a bullish debit spread using EWCZ 12/20/2024 7.50 C and 10.00 C options to capitalize on potential upside. Maintain flexibility to adjust based on earnings results as pressures mount from volatility. Probability of profit: High.

August 14, 2024


European Wax Center Forecast

EWCZ      European Wax Center

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