Bullish Case: HLX demonstrates a robust recovery trajectory with 165% increase over two years, bolstered by institutional interest and positive energy market forecasts. The price mean reverts towards historically higher levels, supported by a bullish HeliumTrades AI forecast.


Bearish Case: HLX struggles with weak earnings and a negative price trend over ten years, coupled with an inversely correlated AI forecast. Recent institutional sales and high volatility potentially signal a bearish outlook short-term, adding to downward pressures.


Potential Outcomes:

1. Continuation of bullish recovery (60%) given interest from key financial institutions and positive sector growth.

2. Retest of $11 support level (30%) due to ongoing earnings volatilities.

3. Dip below $10 on adverse news (10%).


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April 26, 2024


Helix Energy Forecast

HLX        Helix Energy
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with HLX



BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.88)


USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (0.86)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.86)


GSG Forecast + Options Trading Strategies   GSG  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.85)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to HLX



PRAA Forecast + Options Trading Strategies   PRAA  PRA (0.0)


CHD Forecast + Options Trading Strategies   CHD  Church & Dwight Co. (-0.0)


ZTS Forecast + Options Trading Strategies   ZTS  Zoetis (-0.0)


NGD Forecast + Options Trading Strategies   NGD  New Gold (-0.0)


KBR Forecast + Options Trading Strategies   KBR  KBR (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HLX



BMEA Forecast + Options Trading Strategies   BMEA  Biomea Fusion (-0.73)


BCE Forecast + Options Trading Strategies   BCE  BCE (-0.73)


PRFT Forecast + Options Trading Strategies   PRFT  Perficient (-0.75)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.86)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.87)


HLX News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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