HOFT Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Increased demand for HOFT products and strategic merchandising could drive price recovery, supported by cash reserves. Elevated implied volatility indicates potential for significant upward movement.




Bearish Case: Continued low demand and operational inefficiencies may exacerbate price declines. High implied volatility signals uncertainty about recovery, increasing risk for traders.




Potential Outcomes:

1. 40% chance of 10% price rebound due to improved sales strategies.

2. 30% chance of 20% decline amid weak demand.

3. 20% chance of price stabilization near current levels as market adjusts.

4. 10% chance of a recovery driven by exceptional earnings reports. Probabilities derived from recent trends.




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



October 20, 2024


Hooker Furnishings Forecast

HOFT        Hooker Furnishings











Correlated Assets

Assets that tend to move strongly with HOFT



U Forecast + Options Trading Strategies   U  Unity Software (0.92)


PATH Forecast + Options Trading Strategies   PATH  UiPath (0.91)


BMEA Forecast + Options Trading Strategies   BMEA  Biomea Fusion (0.9)


MSM Forecast + Options Trading Strategies   MSM  MSC Industrial Direct Co. (0.9)


RHI Forecast + Options Trading Strategies   RHI  Robert Half International (0.9)



Uncorrelated Assets

Assets with little price relationship to HOFT



TKR Forecast + Options Trading Strategies   TKR  Timken (-0.0)


BERY Forecast + Options Trading Strategies   BERY  Berry (0.0)


NCNO Forecast + Options Trading Strategies   NCNO  Ncino (0.0)


GSK Forecast + Options Trading Strategies   GSK  Glaxosmithkline (0.01)


CAPR Forecast + Options Trading Strategies   CAPR  Capricor Therapeutics (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against HOFT



KIND Forecast + Options Trading Strategies   KIND  Nextdoor (-0.77)


TMDX Forecast + Options Trading Strategies   TMDX  Transmedics (-0.77)


SMFG Forecast + Options Trading Strategies   SMFG  Sumitomo Mitsui (-0.78)


AZN Forecast + Options Trading Strategies   AZN  Astrazeneca (-0.79)


BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (-0.79)









Become a more profitable investor with AI optimized trading strategies






×

Chat with HOFT


 Ask any question about HOFT!