RIGL Forecast


Bullish Case: RIGL’s AI price forecast shows a +1.19% rise with expected volatility coupled with positive sentiment from Gavreto's market presence.


Bearish Case: RIGL’s mean reversion history, institutional sell-offs, and high implied volatility point towards continued pressure and potential declines.


Potential Outcomes: Gavreto's successful launch boosts revenue (35%), earnings outperformance (15%), institutional sell-off continuation (25%), sector volatility impact (5%), integration issues post-acquisition (20%).


Trading Oracle: Deploy bullish debit spreads at strike prices around $7-$9 for short-term gains, leveraging the +1.19% AI forecast. Anticipate volatile swings but aim for gains before next earnings.


July 07, 2024


Rigel Pharmaceuticals Forecast

RIGL      Rigel Pharmaceuticals











Correlated Assets

Assets that tend to move strongly with RIGL



VFC Forecast + Options Trading Strategies   VFC  VF (0.78)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.47)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.54)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.65)



Uncorrelated Assets

Assets with little price relationship to RIGL



LI Forecast + Options Trading Strategies   LI  Li Auto (0.47)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.54)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.65)


VFC Forecast + Options Trading Strategies   VFC  VF (0.78)



Anticorrelated Assets

Assets that tend to move strongly against RIGL



VFC Forecast + Options Trading Strategies   VFC  VF (0.78)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.47)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.54)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.65)





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