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RAYS Forecast



Price Forecast:




80% Confidence

Bearish   <->   Bullish



Bullish Case: Potential recovery in the solar sector could drive RAYS higher, supported by government initiatives and rising demand for renewable energy. Recent price levels may indicate a mean-reversion opportunity around $9.



Bearish Case: Continued economic pressures and market volatility may prevent RAYS from recovering, keeping prices low. The high implied volatility signifies investor caution, which could lead to downside risk.



Potential Outcomes:

1. 40% chance of mean reversion towards $10 driven by seasonal and sector trends.

2. 30% probability of further decline to $8-$9 supported by bearish market sentiment.

3. 20% chance of significant rally above $11 driven by regulatory support and technological advances.

4. 10% risk of prolonged stagnation below $8 due to market conditions.



Trading Oracle: Explore a delta-neutral approach: sell RAYS 9.00 puts for $1.35 and buy 8.00 puts for $0.70, taking advantage of high implied volatility. This capture limited downside while profiting from potential stability. Hold through Q1 2025 as economic indicators emerge.


December 20, 2024


Global X Funds - Global X Solar Forecast

RAYS        Global X Funds - Global X Solar

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Assets that tend to move strongly with RAYS


CSIQ Forecast + Options Trading Strategies   CSIQ  Canadian Solar (0.82)


BIDU Forecast + Options Trading Strategies   BIDU  Baidu (0.82)


TAN Forecast + Options Trading Strategies   TAN  Invesco Solar (0.81)


HUN Forecast + Options Trading Strategies   HUN  Huntsman (0.79)


HELE Forecast + Options Trading Strategies   HELE  Helen of Troy (0.78)



Uncorrelated Assets

Assets with little price relationship to RAYS


DNN Forecast + Options Trading Strategies   DNN  Denison Mines (0.0)


AKBA Forecast + Options Trading Strategies   AKBA  Akebia Therapeutics (-0.0)


BE Forecast + Options Trading Strategies   BE  Bloom Energy (-0.0)


ADBE Forecast + Options Trading Strategies   ADBE  Adobe (-0.0)


ABR Forecast + Options Trading Strategies   ABR  Arbor Realty (0.0)



Anticorrelated Assets

Assets that tend to move strongly against RAYS


UTI Forecast + Options Trading Strategies   UTI  Universal Technical Institute (-0.7)


HEI Forecast + Options Trading Strategies   HEI  Heico (-0.7)


PG Forecast + Options Trading Strategies   PG  Procter & Gamble (-0.7)


FTAI Forecast + Options Trading Strategies   FTAI  Fortress Transportation and Infrastructure Investors (-0.7)


GDDY Forecast + Options Trading Strategies   GDDY  Godaddy (-0.72)







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