FAN Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Macroeconomic trends towards renewable energy could push FAN's prices higher, as historical volatility shows returns trending positively over most holding periods. Current high implied volatility indicates potential for significant upside.




Bearish Case: High volatility at certain strike prices suggests market caution, and possible economic downturns may hinder investments in renewable energy, resulting in stagnant or declining FAN prices in the short term.




Potential Outcomes:

1. Price increases above $20 (60%);

2. Price stabilizes around $17 (25%);

3. Price drops below $15 (15%). These reflect recent volatility trends and historical return probabilities for FAN.




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



October 20, 2024


First Trust Exchange-Traded Fund III - First Trust Global Wind Energy Forecast

FAN        First Trust Exchange-Traded Fund III - First Trust Global Wind Energy











Correlated Assets

Assets that tend to move strongly with FAN



HASI Forecast + Options Trading Strategies   HASI  Hannon Armstrong Sustainable Infrastructure (0.93)


RY Forecast + Options Trading Strategies   RY  Royal Bank Of Canada (0.92)


EIX Forecast + Options Trading Strategies   EIX  Edison International (0.92)


FYBR Forecast + Options Trading Strategies   FYBR  Frontier Communications Parent (0.92)


AXTA Forecast + Options Trading Strategies   AXTA  Axalta Coating Systems (0.92)



Uncorrelated Assets

Assets with little price relationship to FAN



ESTC Forecast + Options Trading Strategies   ESTC  Elastic (-0.0)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.0)


EWH Forecast + Options Trading Strategies   EWH  BlackRock Institutional Trust Company N.A. - iShares MSCI Hong Kong (-0.0)


BW Forecast + Options Trading Strategies   BW  Babcock & Wilcox Enterprises (-0.0)


GILD Forecast + Options Trading Strategies   GILD  Gilead Sciences (0.01)



Anticorrelated Assets

Assets that tend to move strongly against FAN



UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.82)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.82)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.83)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.84)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.87)









Become a more profitable investor with AI optimized trading strategies






×

Chat with FAN


 Ask any question about FAN!