Bullish Case: FELE shows consistent multi-year price appreciation, Helium's AI forecasts 54% more bullish than bearish risk, indicating potential continued uptrend.


Bearish Case: Recent bearish analyst rating, short-term negative price action, and AI price forecast's negative correlation to realized price suggest downside risk.


Potential Outcomes: Upsurge due to strong fundamentals (40%). Short-term dip from market sentiment (25%). Sideways movement as mean reversion continues (35%).


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April 04, 2024


Franklin Electric Co. Forecast

FELE        Franklin Electric Co.
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with FELE



GATX Forecast + Options Trading Strategies   [GATX]  GATX (0.94)


SHAK Forecast + Options Trading Strategies   [SHAK]  Shake Shack (0.92)


TKR Forecast + Options Trading Strategies   [TKR]  Timken (0.91)


UCTT Forecast + Options Trading Strategies   [UCTT]  Ultra Clean Hldgs (0.89)


BOTZ Forecast + Options Trading Strategies   [BOTZ]  Global X Funds Global X Robotics & Artificial Intelli (0.89)



Uncorrelated Stock Forecasts

Assets with little price relationship to FELE



IGV Forecast + Options Trading Strategies   [IGV]  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (0.0)


HDB Forecast + Options Trading Strategies   [HDB]  HDFC (-0.0)


CAR Forecast + Options Trading Strategies   [CAR]  Avis Budget (-0.0)


NYCB Forecast + Options Trading Strategies   [NYCB]  New York Community Bancorp (-0.0)


PWSC Forecast + Options Trading Strategies   [PWSC]  PowerSchool (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against FELE



DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.67)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.68)


HUM Forecast + Options Trading Strategies   [HUM]  Humana (-0.74)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.77)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.78)





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