NICE Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: NICE's implied volatility remains elevated, signaling potential price appreciation as market conditions stabilize. Historical patterns indicate a mean-reversion towards higher price levels in the near term.




Bearish Case: Market sentiment is cautious, reflected in high put volume and bearish trades. Persistent competition and regulatory challenges could continue to pressure NICE's stock price.




Potential Outcomes:

1. Recovery toward $200 (60% chance) due to improved market conditions.

2. Decline to $150 (35% chance) from competitive pressures.

3. Stability around $179 (5% chance) if macroeconomic factors remain unchanged.




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



October 20, 2024










Correlated Assets

Assets that tend to move strongly with NICE



ZBH Forecast + Options Trading Strategies   ZBH  Zimmer Biomet (0.9)


TRIP Forecast + Options Trading Strategies   TRIP  TripAdvisor (0.89)


PLAY Forecast + Options Trading Strategies   PLAY  Dave & Buster's Entertainment (0.88)


CLF Forecast + Options Trading Strategies   CLF  Cleveland-Cliffs (0.88)


ALIT Forecast + Options Trading Strategies   ALIT  Alight Inc. - (0.88)



Uncorrelated Assets

Assets with little price relationship to NICE



SIRI Forecast + Options Trading Strategies   SIRI  Sirius XM (0.0)


SONY Forecast + Options Trading Strategies   SONY  Sony Group Corporation (-0.0)


CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (-0.0)


GFI Forecast + Options Trading Strategies   GFI  Gold Fields (0.0)


BWA Forecast + Options Trading Strategies   BWA  BorgWarner (0.0)



Anticorrelated Assets

Assets that tend to move strongly against NICE



DGX Forecast + Options Trading Strategies   DGX  Quest Diagnostics (-0.78)


CHRW Forecast + Options Trading Strategies   CHRW  C.H. Robinson Worldwide (-0.79)


NYT Forecast + Options Trading Strategies   NYT  New York Times Co. (-0.81)


KDP Forecast + Options Trading Strategies   KDP  Keurig Dr Pepper (-0.82)


CIM Forecast + Options Trading Strategies   CIM  Chimera Investment (-0.85)









Become a more profitable investor with AI optimized trading strategies






×

Chat with NICE


 Ask any question about NICE!