IREN Forecast + Trading Strategies


Bullish Case: IREN’s steady implied volatility and consistent price increase signals robustness. Current low trading volumes could indicate undervaluation, offering potential upside as new investments materialize.


Bearish Case: High implied volatility and low trading volumes indicate uncertainty. Market volatility and increasing operating costs could pressure stock prices, exacerbated by potential economic downturns.


Potential Outcomes:

1. Impressive expansion in renewable sector drives growth (60%).

2. Economic factors hinder profitability and growth (30%).

3. Technological advancements rapidly elevate stock (10%).


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


July 10, 2024


IREN Forecast

IREN      IREN











Correlated Assets

Assets that tend to move strongly with IREN



WGMI Forecast + Options Trading Strategies   WGMI  Valkyrie ETF Trust II - Valkyrie Bitcoin Miners (0.91)


WULF Forecast + Options Trading Strategies   WULF  TeraWulf (0.85)


MGNI Forecast + Options Trading Strategies   MGNI  Magnite (0.83)


REZ Forecast + Options Trading Strategies   REZ  iShares Residential and Multisector Real Estate (0.81)


HASI Forecast + Options Trading Strategies   HASI  Hannon Armstrong Sustainable Infrastructure (0.8)



Uncorrelated Assets

Assets with little price relationship to IREN



DLB Forecast + Options Trading Strategies   DLB  Dolby Laboratories (-0.0)


CBRL Forecast + Options Trading Strategies   CBRL  Cracker Barrel Old Country Store (0.0)


AUPH Forecast + Options Trading Strategies   AUPH  Aurinia Pharmaceuticals (0.0)


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


VDE Forecast + Options Trading Strategies   VDE  Vanguard Group, Inc. - Vanguard Energy (0.0)



Anticorrelated Assets

Assets that tend to move strongly against IREN



DLO Forecast + Options Trading Strategies   DLO  DLocal (-0.62)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.62)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.65)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.66)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.69)





Become a more profitable investor with AI optimized trading strategies






×

Chat with IREN


 Ask any question about IREN!