HLX Forecast


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: NEUTRAL    Price Action: MEAN REVERTING (?)











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XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.84)



Uncorrelated Stock Forecasts

Assets with little price relationship to HLX



XBI Forecast + Options Trading Strategies   XBI  SPDR Biotech (0.0)


PPL Forecast + Options Trading Strategies   PPL  PPL (0.0)


XLP Forecast + Options Trading Strategies   XLP  Consumer Staples Select Sector SPDR (-0.0)


EXPE Forecast + Options Trading Strategies   EXPE  Expedia (0.01)


JBHT Forecast + Options Trading Strategies   JBHT  J.B. Hunt Transport Services (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HLX



SAGE Forecast + Options Trading Strategies   SAGE  Sage Therapeutics (-0.72)


BCE Forecast + Options Trading Strategies   BCE  BCE (-0.72)


ASAN Forecast + Options Trading Strategies   ASAN  Asana (-0.76)


MVIS Forecast + Options Trading Strategies   MVIS  Microvision (-0.79)


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





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