MYRG Forecast


Bullish Case: MYRG's position in growth sectors like renewable energy and infrastructure suggests strong future prospects. Consistent mean-reverting price action indicates resilience, with increases over varied periods accentuating underlying market confidence and potential for continued upward momentum.


Bearish Case: Recent high volatility and broad market concerns could pressure MYRG. Helium's analysis shows heightened implied volatility, suggesting investor caution. Potential macroeconomic shifts and increased operation costs could further dampen attractiveness and performance.


Potential Outcomes:

1. infrastructure investments rise, leveraging bullish momentum (60%).

2. Regulatory hurdles emerge, increasing operational costs, bearish impact (30%).

3. Unchanging mean-reverting price action, leading to neutral performance (10%).


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April 30, 2024


MYR Forecast

MYRG        MYR
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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VB Forecast + Options Trading Strategies   VB  Vanguard Group, Inc. - Vanguard Small Cap (0.92)


CMI Forecast + Options Trading Strategies   CMI  Cummins (0.92)


SCHD Forecast + Options Trading Strategies   SCHD  Schwab US Dividend Equity (0.91)


MHK Forecast + Options Trading Strategies   MHK  Mohawk Industries (0.91)


JEPI Forecast + Options Trading Strategies   JEPI  JPMorgan Equity Premium Income (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to MYRG



ZI Forecast + Options Trading Strategies   ZI  ZoomInfo (-0.0)


KDP Forecast + Options Trading Strategies   KDP  Keurig Dr Pepper (-0.0)


MCFT Forecast + Options Trading Strategies   MCFT  MasterCraft Boat (0.0)


CIVI Forecast + Options Trading Strategies   CIVI  Civitas Resources Inc New (0.0)


ED Forecast + Options Trading Strategies   ED  Consolidated Edison (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against MYRG



HUM Forecast + Options Trading Strategies   HUM  Humana (-0.83)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.83)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.84)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.91)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.91)





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