AI RAYS Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: RAYS could recover as implied volatility remains high, indicating potential for future upward movement. Positive market sentiments, especially following damage repair discussions at Tropicana Field, could drive prices higher.




Bearish Case: High implied volatility suggests substantial market uncertainty, risking further downside for RAYS as negative sentiment around potential displacement from Tropicana Field weighs heavily.




Potential Outcomes:

1. Continued downward trend (60% chance) due to uncertainty over stadium repairs.

2. Moderate recovery (25% chance) as repairs progress and team performance shifts positively.

3. Significant volatility spike (15% chance), triggered by unexpected economic news or improved sentiment surrounding solar energy.




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October 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



JKS Forecast + Options Trading Strategies   JKS  JinkoSolar (0.88)


LIT Forecast + Options Trading Strategies   LIT  Global X Lithium & Battery Tech (0.86)


DQ Forecast + Options Trading Strategies   DQ  Daqo New Energy (0.85)


CSIQ Forecast + Options Trading Strategies   CSIQ  Canadian Solar (0.8)


CRSR Forecast + Options Trading Strategies   CRSR  Corsair Gaming (0.79)



Uncorrelated Assets

Assets with little price relationship to RAYS



MRNA Forecast + Options Trading Strategies   MRNA  Moderna (-0.01)


MSOS Forecast + Options Trading Strategies   MSOS  Advisorshares Trust - AdvisorShares Pure US Cannabis (0.01)


PFE Forecast + Options Trading Strategies   PFE  Pfizer (0.01)


PCAR Forecast + Options Trading Strategies   PCAR  Paccar (-0.01)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (0.01)



Anticorrelated Assets

Assets that tend to move strongly against RAYS



DCTH Forecast + Options Trading Strategies   DCTH  Delcath Systems (-0.73)


CRTO Forecast + Options Trading Strategies   CRTO  Criteo (-0.73)


CL Forecast + Options Trading Strategies   CL  Colgate-Palmolive (-0.74)


TMDX Forecast + Options Trading Strategies   TMDX  Transmedics (-0.75)


RSG Forecast + Options Trading Strategies   RSG  Republic Services (-0.75)









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