Bullish Case: Recent strong recovery (38.3% in 90 days) and near-term rising implied volatility suggest momentum. Expected M&A activities in the sector could boost investor confidence and stock prices.


Bearish Case: GUSH has plummeted -99.1% over five years, indicating structural weaknesses. Bearish AI forecasts (-0.56%) with poor historical price correlation (-0.1) suggest potential further declines.


Potential Outcomes: 65% chance of moderate recovery following sector consolidation, 25% likelihood of further depreciation amid negative sector news, 10% possibility of sharp gains from unexpected positive regulatory changes.


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


April 24, 2024


Direxion Daily S&P Oil & Gas Exp. & Prod. Forecast

GUSH        Direxion Daily S&P Oil & Gas Exp. & Prod.
Price Forecast: BEARISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with GUSH



HRL Forecast + Options Trading Strategies   HRL  Hormel Foods (0.88)


STAA Forecast + Options Trading Strategies   STAA  Staar Surgical (0.88)


ESTA Forecast + Options Trading Strategies   ESTA  Establishment Labs (0.85)


DQ Forecast + Options Trading Strategies   DQ  Daqo New Energy (0.84)


TMV Forecast + Options Trading Strategies   TMV  Direxion Daily 20+ Year Treasury Bear 3X Shares (0.84)



Uncorrelated Stock Forecasts

Assets with little price relationship to GUSH



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


WFG Forecast + Options Trading Strategies   WFG  West Fraser Timber Co. (0.0)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.01)


BEN Forecast + Options Trading Strategies   BEN  Franklin Resources (0.01)


FDMT Forecast + Options Trading Strategies   FDMT  4D Molecular Therapeutics (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against GUSH



ARCH Forecast + Options Trading Strategies   ARCH  Arch Resources (-0.81)


PDD Forecast + Options Trading Strategies   PDD  Pinduoduo (-0.83)


CWCO Forecast + Options Trading Strategies   CWCO  Consolidated Water (-0.84)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.84)


AKAM Forecast + Options Trading Strategies   AKAM  Akamai (-0.87)





Become a more profitable investor with AI optimized trading strategies






×

Chat with GUSH


 Ask me any question!