MORN Forecast


Bullish Case: MORN exhibits historical mean-reverting behavior and has strong bullish sentiment per option activity. Helium implied volatility is higher than market's. This indicates underlying positive momentum.


Bearish Case: Elevated implied volatility suggests significant market uncertainty. Historical price return analysis shows potential for steep declines, and recent heavy put trading volume could imply downside risk.


Potential Outcomes:

1. Continued upward trend (60%) supported by mean-reversion and bullish sentiment.

2. Sideways trading with heightened volatility (30%).

3. Bearish correction triggered by uncertainty or market events (10%).


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July 21, 2024


Morningstar Forecast

MORN      Morningstar











Correlated Assets

Assets that tend to move strongly with MORN



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.77)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.44)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.69)



Uncorrelated Assets

Assets with little price relationship to MORN



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.44)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.69)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.77)



Anticorrelated Assets

Assets that tend to move strongly against MORN



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.77)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.44)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.69)





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