HUT Forecast


Bullish Case: Following a 427.9% year-on-year price surge, recent construction of new mining sites and a bullish forecast from HeliumTrades AI suggest strong potential for continued growth. Any favorable resolution from the class action could amplify this trend.


Bearish Case: Recent class action allegations could harm investor confidence, triggering reduced market value. Negative market reactions to forthcoming legal outcomes and continued crypto volatility could press prices lower.


Potential Outcomes:

1. Class action settlement favorable: 35% chance.

2. Adverse legal ruling or extended suit: 40% chance.

3. Continued crypto market volatility: 65% chance. Each outcome significantly impacts HUT volatility and pricing.


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


April 25, 2024


Hut 8 Mining Forecast

HUT        Hut 8 Mining
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with HUT



BITF Forecast + Options Trading Strategies   BITF  Bitfarms (0.92)


WGMI Forecast + Options Trading Strategies   WGMI  Valkyrie ETF Trust II - Valkyrie Bitcoin Miners (0.87)


MTH Forecast + Options Trading Strategies   MTH  Meritage Homes (0.87)


RKT Forecast + Options Trading Strategies   RKT  Rocket Companies (0.85)


M Forecast + Options Trading Strategies   M  Macy's (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to HUT



MTTR Forecast + Options Trading Strategies   MTTR  Matterport (0.0)


GIS Forecast + Options Trading Strategies   GIS  General Mills (-0.0)


ALGN Forecast + Options Trading Strategies   ALGN  Align Technology (0.0)


NEE Forecast + Options Trading Strategies   NEE  NextEra Energy (-0.0)


MSM Forecast + Options Trading Strategies   MSM  MSC Industrial Direct Co. (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HUT



RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.83)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.84)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.84)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.85)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.87)





Become a more profitable investor with AI optimized trading strategies






×

Chat with HUT


 Ask any question about HUT!