NX Forecast


Bullish Case: Quanex's solid financial health, margin expansion, and affirmed guidance for 2024 suggest resilience. Institutional interest and price rebound from $28.66 to $31.22 are positive indicators.


Bearish Case: Declining sales in European segments, flat recent price action, and potential market constraints limit bullish momentum. Elevated volatility does not support significant upward movement in the near term.


Potential Outcomes: Neutral to slight bearish trend probable. 55% chance of staying flat within $27-$32 range, 30% chance of moderate decline to $23-$27, and 15% chance of a rise above $35.


Trading Oracle: Deploy Helium short volatility strategy by selling 30-35 call credit spreads expiring in September. Implied volatility differences and historical return likelihoods favor a neutral to bearish stance. Targeting a moderate time horizon of 2 months for optimal profit.


July 21, 2024


Quanex Building Products Forecast

NX      Quanex Building Products











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