Bullish Case: AI adoption continues to grow, potentially leading to increased demand for ONON products, with recent price action suggesting potential for a near-term rebound.


Bearish Case: Persistent global economic uncertainties and low options trading volume suggest potential downside risk, limiting near-term growth prospects.


Potential Outcomes:

1) AI-driven demand surge (56%);

2) Economic downturn impacting tech (25%);

3) Sideways trading amidst market indifference (15%).


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February 17, 2024


On Forecast

[ONON]  On
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)





Correlated Stock Forecasts

Assets that tend to move strongly with ONON



ENVX Forecast + Options Trading Strategies   [ENVX]  Enovix (0.76)


LFST Forecast + Options Trading Strategies   [LFST]  LifeStance Health (0.74)


YUM Forecast + Options Trading Strategies   [YUM]  Yum Brands (0.71)


BAX Forecast + Options Trading Strategies   [BAX]  Baxter International (0.69)


AUPH Forecast + Options Trading Strategies   [AUPH]  Aurinia Pharmaceuticals (0.67)



Uncorrelated Stock Forecasts

Assets with little price relationship to ONON



AIR Forecast + Options Trading Strategies   [AIR]  AAR (-0.0)


AMSC Forecast + Options Trading Strategies   [AMSC]  American Superconductor (0.0)


CTRA Forecast + Options Trading Strategies   [CTRA]  Coterra Energy (0.0)


EXPE Forecast + Options Trading Strategies   [EXPE]  Expedia (0.0)


RLX Forecast + Options Trading Strategies   [RLX]  RLX Technology (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ONON



TNP Forecast + Options Trading Strategies   [TNP]  Tsakos Energy Navigation (-0.48)


PGR Forecast + Options Trading Strategies   [PGR]  Progressive (-0.49)


YANG Forecast + Options Trading Strategies   [YANG]  Direxion Daily FTSE China Bear 3X Shares (-0.49)


DHT Forecast + Options Trading Strategies   [DHT]  DHT (-0.51)


UVIX Forecast + Options Trading Strategies   [UVIX]  VS Trust - 2x Long VIX Futures (-0.54)





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