MYGN Forecast


Bullish Case: Rising revenues, new foundational patents, and bullish analyst upgrades signal a potential long-term turnaround for MYGN, despite its historical underperformance.


Bearish Case: Historical mean reversion, consistent underperformance over long durations, and recent high volatility suggest persistent risks and uncertainty for MYGN.


Potential Outcomes:

1. 60% chance: Revenue growth and patent utilization drive moderate appreciation.

2. 30% chance: Ongoing market volatility and competition lead to price stabilization.

3. 10% chance: Significant breakthroughs or collaborations shoot prices up discernibly.


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


April 20, 2024


Myriad Genetics Forecast

MYGN        Myriad Genetics
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with MYGN



DOCN Forecast + Options Trading Strategies   DOCN  DigitalOcean (0.86)


TPR Forecast + Options Trading Strategies   TPR  Tapestry (0.83)


ALIT Forecast + Options Trading Strategies   ALIT  Alight Inc. - (0.8)


CWH Forecast + Options Trading Strategies   CWH  Camping World (0.76)


BOTZ Forecast + Options Trading Strategies   BOTZ  Global X Funds Global X Robotics & Artificial Intelli (0.76)



Uncorrelated Stock Forecasts

Assets with little price relationship to MYGN



CBOE Forecast + Options Trading Strategies   CBOE  Cboe Global Markets (0.0)


AEE Forecast + Options Trading Strategies   AEE  Ameren (0.0)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (0.0)


NXE Forecast + Options Trading Strategies   NXE  NexGen Energy (-0.0)


ROOT Forecast + Options Trading Strategies   ROOT  Root (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against MYGN



ARLP Forecast + Options Trading Strategies   ARLP  Alliance Resource (-0.69)


HNRG Forecast + Options Trading Strategies   HNRG  Hallador Energy (-0.69)


EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.71)


MNSO Forecast + Options Trading Strategies   MNSO  MINISO Group Holding Ltd (-0.76)


TTI Forecast + Options Trading Strategies   TTI  Tetra Technologies (-0.76)





Become a more profitable investor with AI optimized trading strategies






×

Chat with MYGN


 Ask any question about MYGN!