NTIC Forecast


Bullish Case: Recent highlight is 116% increase in cash flow due to operational improvements and anticipation of rebound in ZERUST® oil and gas sales in Q4 due to resolved shipping delays [Yahoo].


Bearish Case: 31.9% drop in ZERUST® oil and gas sales, significant stock price drop, and negative demand trends in key markets like Europe raise concerns about sustainable growth and market stability [seekingalpha.com, seekingalpha.com].


Potential Outcomes: [seekingalpha.com] Recovery in ZERUST® Q4 sales (60%) [Yahoo]; [Yahoo] Continued cash flow and margin improvements (70%) [Yahoo]; [seekingalpha.com] More disappointing results due to macro issues (40%) [seekingalpha.com]; [legit.ng] JV market instability continues (50%) [seekingalpha.com].


Trading Oracle: Initiate a bullish debit spread, targeting a rebound due to expected Q4 ZERUST® sales rebound and operational improvements. Given mixed historical returns, prefer a short-term horizon of 1-2 months to align with corporate outlook and mitigate volatility risk.


July 13, 2024


Northern Technologies International Forecast

NTIC      Northern Technologies International











Correlated Assets

Assets that tend to move strongly with NTIC



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.71)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.62)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)



Uncorrelated Assets

Assets with little price relationship to NTIC



LI Forecast + Options Trading Strategies   LI  Li Auto (-0.58)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.62)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.71)



Anticorrelated Assets

Assets that tend to move strongly against NTIC



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.71)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.62)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)





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