Bullish Case: NAIL's robust two-year historical growth of 161.9% indicates strong bullish momentum. The current market undervaluation, highlighted by Helium's AI which forecasts a slight bullish trend, may lead to a resurgence as market conditions stabilize.


Bearish Case: Recent sharp declines in NAIL's price, coupled with flat implied volatility across near-months, suggest fears of sustainability in housing market growth, possibly exacerbated by interest rate volatility.


Potential Outcomes:

1. Bullish revival (30%): Spring recovery boosts market sentiment.

2. Continued dip (40%): Persistent market caution.

3. Modest growth (30%): Stabilization, but restricted by economic conditions.


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April 19, 2024


Direxion Daily Homebuilders & Supplies Bull 3X Shares Forecast

NAIL        Direxion Daily Homebuilders & Supplies Bull 3X Shares
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with NAIL



ITB Forecast + Options Trading Strategies   [ITB]  BTC iShares U.S. Home Construction (0.99)


ECL Forecast + Options Trading Strategies   [ECL]  Ecolab (0.98)


XHB Forecast + Options Trading Strategies   [XHB]  SPDR Homebuilders (0.98)


BLDR Forecast + Options Trading Strategies   [BLDR]  Builders Firstsource (0.98)


LEN Forecast + Options Trading Strategies   [LEN]  Lennar (0.98)



Uncorrelated Stock Forecasts

Assets with little price relationship to NAIL



TIGR Forecast + Options Trading Strategies   [TIGR]  UP Fintech (-0.0)


PRFT Forecast + Options Trading Strategies   [PRFT]  Perficient (-0.0)


AZUL Forecast + Options Trading Strategies   [AZUL]  Azul (-0.0)


MRO Forecast + Options Trading Strategies   [MRO]  Marathon Oil (-0.0)


WOR Forecast + Options Trading Strategies   [WOR]  Worthington Industries (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NAIL



DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.96)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.96)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.96)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.97)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.97)





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