IDXX Forecast


Bullish Case: Strong historical performance, significant increase over five years, and current bullish risk outpacing bearish risk align for potential upside.


Bearish Case: Insider selling, high price-to-book ratio, and recent price declines suggest overvaluation and potential corrections.


Potential Outcomes:

1. Rebound on historical strength (40%).

2. Correction amid selling, overvaluation (30%).

3. Sideways on mean reversion, low volume (30%).


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


April 09, 2024


Idexx Laboratories Forecast

IDXX        Idexx Laboratories
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with IDXX



BITF Forecast + Options Trading Strategies   BITF  Bitfarms (0.89)


VNQ Forecast + Options Trading Strategies   VNQ  Vanguard Real Estate Index (0.88)


ARKK Forecast + Options Trading Strategies   ARKK  ARK Innovation (0.87)


WCLD Forecast + Options Trading Strategies   WCLD  WisdomTree Cloud Computing (0.87)


THO Forecast + Options Trading Strategies   THO  Thor Industries (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to IDXX



ASAN Forecast + Options Trading Strategies   ASAN  Asana (-0.0)


FWONK Forecast + Options Trading Strategies   FWONK  Liberty Media Corp. (Tracking Stock -Liberty Formula 1) Series C (0.0)


JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (0.0)


RYAN Forecast + Options Trading Strategies   RYAN  Ryan Specialty (0.0)


PSEC Forecast + Options Trading Strategies   PSEC  Prospect (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against IDXX



SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.79)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.79)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.83)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.83)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.89)


IDXX 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.






Become a more profitable investor with AI optimized trading strategies






×

Chat with IDXX


 Ask any question about IDXX!