FE Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: FirstEnergy's substantial investments in infrastructure and advancing energy technologies position it well for potential market recovery, particularly if regulatory pressures ease, enhancing investor confidence.




Bearish Case: Ongoing legal issues, high operational costs, and stagnant trading volumes pose significant risks, potentially dampening FirstEnergy’s growth prospects and leading to further downside price movement.




Potential Outcomes:

1. Regulatory improvements enhance investor sentiment (60%).

2. Legal ramifications continue to pose risks (30%).

3. Infrastructure investments yield increased revenues (10%).




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



October 13, 2024


Firstenergy Forecast

FE        Firstenergy











Correlated Assets

Assets that tend to move strongly with FE



XLU Forecast + Options Trading Strategies   XLU  Utilities Select Sector SPDR (0.96)


D Forecast + Options Trading Strategies   D  Dominion Energy (0.96)


DVY Forecast + Options Trading Strategies   DVY  BlackRock Institutional Trust Company N.A. - iShares Select Dividend (0.95)


EVRG Forecast + Options Trading Strategies   EVRG  Evergy (0.95)


EIX Forecast + Options Trading Strategies   EIX  Edison International (0.95)



Uncorrelated Assets

Assets with little price relationship to FE



CME Forecast + Options Trading Strategies   CME  CME (-0.0)


S Forecast + Options Trading Strategies   S  Sprint (0.0)


LPG Forecast + Options Trading Strategies   LPG  Dorian LPG (0.0)


SVIX Forecast + Options Trading Strategies   SVIX  VS Trust - 1x Short VIX Futures (0.0)


BE Forecast + Options Trading Strategies   BE  Bloom Energy (0.01)



Anticorrelated Assets

Assets that tend to move strongly against FE



MED Forecast + Options Trading Strategies   MED  Medifast (-0.87)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.87)


TDC Forecast + Options Trading Strategies   TDC  Teradata (-0.88)


SAVE Forecast + Options Trading Strategies   SAVE  Spirit Airlines (-0.89)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.9)









Become a more profitable investor with AI optimized trading strategies






×

Chat with FE


 Ask any question about FE!