MEI Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: If upcoming earnings and market conditions favor MEI, leading to successful product launches or strategic partnerships, a rally toward $12 is plausible, supported by bullish market sentiment.




Bearish Case: Persistent high implied volatility signals market fear, coupled with historical downtrends, may drive MEI below $9, especially with economic headwinds or disappointing results.




Potential Outcomes:

1. Strong earnings report leads to a $12 price surge (20%);

2. Continued bearish trend leads to price below $9 (50%);

3. New product successes stabilize price around $10.50 (30%).




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



October 20, 2024


Methode Electronics Forecast

MEI        Methode Electronics











Correlated Assets

Assets that tend to move strongly with MEI



ASAN Forecast + Options Trading Strategies   ASAN  Asana (0.89)


FSLY Forecast + Options Trading Strategies   FSLY  Fastly (0.88)


ALTO Forecast + Options Trading Strategies   ALTO  Alto Ingredients (0.88)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.88)


PRTA Forecast + Options Trading Strategies   PRTA  Prothena (0.88)



Uncorrelated Assets

Assets with little price relationship to MEI



ICLN Forecast + Options Trading Strategies   ICLN  BTC iShares Global Clean Energy (-0.0)


COMM Forecast + Options Trading Strategies   COMM  CommScope (-0.0)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (0.0)


TM Forecast + Options Trading Strategies   TM  Toyota Motor (0.01)


SQ Forecast + Options Trading Strategies   SQ  Square (0.01)



Anticorrelated Assets

Assets that tend to move strongly against MEI



UHS Forecast + Options Trading Strategies   UHS  Universal Health Services (-0.86)


FIS Forecast + Options Trading Strategies   FIS  Fidelity National Information Services (-0.86)


TEVA Forecast + Options Trading Strategies   TEVA  Teva- Pharmaceutical Industries (-0.87)


CL Forecast + Options Trading Strategies   CL  Colgate-Palmolive (-0.87)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.87)









Become a more profitable investor with AI optimized trading strategies






×

Chat with MEI


 Ask any question about MEI!