Bullish Case: ODP's strategic expansions and partnerships, recent uptrend in relative strength, and recovering operational efficiencies suggest potential growth, especially given its bullish AI price forecast.


Bearish Case: High volatility post-restructuring, imminent financial statement submittal, and ongoing market complacency heighten risks, potentially exacerbating the bearish mean-reverting price trend.


Potential Outcomes:

1) ODP exceeds forecasts post-financial report, leading to stock recovery (30%).

2) Market reacts negatively to financial insights, further mean reversion (40%).

3) Unchanged scenario, trading sideways following mean-reverting tendencies (30%).


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


April 23, 2024


ODP Forecast

ODP        ODP
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ODP



TWST Forecast + Options Trading Strategies   TWST  Twist Bioscience (0.92)


LOB Forecast + Options Trading Strategies   LOB  Live Oak Bancshares (0.91)


RJF Forecast + Options Trading Strategies   RJF  Raymond James Financial (0.9)


TREX Forecast + Options Trading Strategies   TREX  TREX Co. (0.9)


MAC Forecast + Options Trading Strategies   MAC  Macerich (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to ODP



HSIC Forecast + Options Trading Strategies   HSIC  Henry Schein (0.0)


EQR Forecast + Options Trading Strategies   EQR  Equity Residential Properties (0.0)


CHGG Forecast + Options Trading Strategies   CHGG  Chegg (-0.01)


BMRN Forecast + Options Trading Strategies   BMRN  Registered Shares (-0.01)


JNJ Forecast + Options Trading Strategies   JNJ  Johnson & Johnson (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ODP



TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.87)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.87)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.88)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.88)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.88)





Become a more profitable investor with AI optimized trading strategies






×

Chat with ODP


 Ask any question about ODP!