Bullish Case: With NOV trading above recent lows amidst modest recovery, prospects improve if current neutral sentiment tilts positive, leveraging a possible sector uptick.


Bearish Case: Persistently low options volume and flat price action signal limited investor interest; potential headwinds could hamper near-term performance, thus weighing on NOV.


Potential Outcomes:

1. Marginal bullish shift with sector favor (35%).

2. Continued flat movement with muted sentiment (40%).

3. Bearish turn on negative sector news (25%).


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April 02, 2024


NOV Forecast

NOV        NOV
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with NOV



NE Forecast + Options Trading Strategies   NE  Noble (0.82)


OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.81)


BKR Forecast + Options Trading Strategies   BKR  Baker Hughes (0.8)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (0.8)


VAL Forecast + Options Trading Strategies   VAL  Valaris (0.78)



Uncorrelated Stock Forecasts

Assets with little price relationship to NOV



BKCH Forecast + Options Trading Strategies   BKCH  Global X Blockchain (0.0)


RDNT Forecast + Options Trading Strategies   RDNT  Radnet (0.0)


MSFT Forecast + Options Trading Strategies   MSFT  Microsoft (-0.0)


STRA Forecast + Options Trading Strategies   STRA  Strategic Education (0.0)


DLB Forecast + Options Trading Strategies   DLB  Dolby Laboratories (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NOV



SSTK Forecast + Options Trading Strategies   SSTK  Shutterstock (-0.63)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.67)


BBAI Forecast + Options Trading Strategies   BBAI  BigBear.ai (-0.67)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.69)


TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (-0.71)





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