Bullish Case: IDEX's acquisitions and strategic moves in the EV sector indicate potential for significant market penetration and growth. High implied volatility for distant dates suggests expected transformative events.


Bearish Case: IDEX's dramatic past price drops and high short interest indicate market skepticism and financial instability. Imminent NASDAQ non-compliance adds to existing operational risks.


Potential Outcomes:

1. Successful NASDAQ compliance: 25%, revitalizing investor confidence.

2. Acquisition synergy realization: 20%, potentially doubling US market presence.

3. Extended non-compliance consequences: 30%, increased delisting risk.


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


April 27, 2024


Ideanomics Forecast

IDEX        Ideanomics
Price Forecast: BEARISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with IDEX



LAZR Forecast + Options Trading Strategies   LAZR  Luminar (0.94)


LIT Forecast + Options Trading Strategies   LIT  Global X Lithium & Battery Tech (0.94)


MOMO Forecast + Options Trading Strategies   MOMO  Hello (0.93)


PRTA Forecast + Options Trading Strategies   PRTA  Prothena (0.93)


AMC Forecast + Options Trading Strategies   AMC  AMC Entertainment (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to IDEX



DHR Forecast + Options Trading Strategies   DHR  Danaher (-0.0)


SBOW Forecast + Options Trading Strategies   SBOW  SilverBow Resources (-0.0)


HBI Forecast + Options Trading Strategies   HBI  Hanesbrands (0.0)


WULF Forecast + Options Trading Strategies   WULF  TeraWulf (0.0)


OPRX Forecast + Options Trading Strategies   OPRX  OptimizeRx (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against IDEX



PSX Forecast + Options Trading Strategies   PSX  Phillips 66 (-0.91)


LRN Forecast + Options Trading Strategies   LRN  Stride (-0.91)


VST Forecast + Options Trading Strategies   VST  Vistra (-0.92)


STNG Forecast + Options Trading Strategies   STNG  Scorpio Tankers (-0.93)


CB Forecast + Options Trading Strategies   CB  Chubb (-0.93)





Become a more profitable investor with AI optimized trading strategies






×

Chat with IDEX


 Ask any question about IDEX!