NLR Forecast


Bullish Case: NLR has a historical mean-reverting behavior and recent bullish sentiment with high call options volume. Positive macroeconomic events can push prices higher, supported by increased uranium demand for nuclear energy generation and institutional rallies. Such dynamics are likely to result in price upticks.


Bearish Case: NLR faces a significant recent downtrend. Elevated implied volatility for near-term options indicates expected higher price fluctuations. Fundamental challenges, including regulatory hurdles and geopolitical instability, could press downward pressure on uranium stocks overall.


Potential Outcomes:

1. Bullish breakout above $85 strike: Prob. 30%. Regulatory environment becomes favorable.

2. Sideways trade within $78-$83: Prob. 50%. Mean-reverting effect with balanced market sentiment.

3. Bearish dip below $75: Prob. 20%. Unfavorable regulatory decisions or geopolitical tensions.


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


June 30, 2024


VanEck Vectors Uranium+Nuclear Energy Forecast

NLR      VanEck Vectors Uranium+Nuclear Energy











Correlated Assets

Assets that tend to move strongly with NLR



DNN Forecast + Options Trading Strategies   DNN  Denison Mines (0.98)


CCJ Forecast + Options Trading Strategies   CCJ  Cameco (0.97)


URA Forecast + Options Trading Strategies   URA  Global X Uranium (0.96)


URNM Forecast + Options Trading Strategies   URNM  North Shore Global Uranium Mining (0.95)


VST Forecast + Options Trading Strategies   VST  Vistra (0.94)



Uncorrelated Assets

Assets with little price relationship to NLR



FSK Forecast + Options Trading Strategies   FSK  FS KKR (0.0)


FDX Forecast + Options Trading Strategies   FDX  Fedex (-0.0)


GPN Forecast + Options Trading Strategies   GPN  Global Payments (-0.0)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.01)


FXP Forecast + Options Trading Strategies   FXP  ProShares UltraShort FTSE China 50 (0.01)



Anticorrelated Assets

Assets that tend to move strongly against NLR



SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (-0.91)


GPRE Forecast + Options Trading Strategies   GPRE  Green Plains (-0.91)


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.91)


LAZR Forecast + Options Trading Strategies   LAZR  Luminar (-0.91)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.93)





Become a more profitable investor with AI optimized trading strategies






×

Chat with NLR


 Ask any question about NLR!