NAIL Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Helium's implied volatility suggests increasing market confidence as trends indicate upcoming bullish signals from construction and housing data recovery.




Bearish Case: High implied volatility relative to market norms signals potential overvaluation; upcoming economic data could worsen sentiment causing a price drop.




Potential Outcomes:

1. Market recovery (40%): Positive housing data boosts demand.

2. Sideways trading (30%): Stagnancy due to mixed signals.

3. Market downturn (30%): Rising interest rates adversely affect housing. Outcomes reflect market conditions and data trends.




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November 05, 2024


Direxion Daily Homebuilders & Supplies Bull 3X Shares Forecast

NAIL        Direxion Daily Homebuilders & Supplies Bull 3X Shares











Correlated Assets

Assets that tend to move strongly with NAIL



ITB Forecast + Options Trading Strategies   ITB  BTC iShares U.S. Home Construction (0.96)


SHW Forecast + Options Trading Strategies   SHW  Sherwin-Williams (0.95)


DHI Forecast + Options Trading Strategies   DHI  D.R. Horton (0.94)


ALLE Forecast + Options Trading Strategies   ALLE  Allegion (0.92)


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



Uncorrelated Assets

Assets with little price relationship to NAIL



EXPD Forecast + Options Trading Strategies   EXPD  Expeditors International Of Washington (0.0)


YCL Forecast + Options Trading Strategies   YCL  ProShares Ultra Yen (-0.0)


CVE Forecast + Options Trading Strategies   CVE  Cenovus Energy (0.0)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (-0.0)


DOW Forecast + Options Trading Strategies   DOW  Dow (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against NAIL



BIIB Forecast + Options Trading Strategies   BIIB  Biogen (-0.7)


HLF Forecast + Options Trading Strategies   HLF  Herbalife Nutrition (-0.71)


BOIL Forecast + Options Trading Strategies   BOIL  ProShares Ultra Bloomberg Natural Gas (-0.72)


EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.73)


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.78)









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