AI RKT Forecast + Trading Strategies

Price Forecast:


Bearish<->Bullish


Bullish Case: Increased institutional interest and positive sentiment around tech-driven growth could re-ignite bullish momentum, with options suggesting potential upward price movement as investor confidence builds, supported by lower implied volatility in the long term.


Bearish Case: Weak fundamentals persist and high implied volatility indicates market skepticism, with substantial put volume suggesting potential declines. Negative trends may be exacerbated by financial uncertainties, leading to increased volatility in the near term.


Potential Outcomes:

1. 40% chance for a bullish rally driven by tech adoption.

2. 30% potential for price decline due to persistent weak fundamentals.

3. 30% likelihood of stabilization reflecting mixed option signals, particularly around November earnings.


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October 09, 2024


Rocket Companies Forecast

RKT        Rocket Companies











Correlated Assets

Assets that tend to move strongly with RKT



REZ Forecast + Options Trading Strategies   REZ  iShares Residential and Multisector Real Estate (0.95)


IIPR Forecast + Options Trading Strategies   IIPR  Innovative Industrial Properties (0.95)


SPYD Forecast + Options Trading Strategies   SPYD  SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend (0.94)


UWMC Forecast + Options Trading Strategies   UWMC  UWM Holdings Corporation (0.94)


RY Forecast + Options Trading Strategies   RY  Royal Bank Of Canada (0.94)



Uncorrelated Assets

Assets with little price relationship to RKT



PLAB Forecast + Options Trading Strategies   PLAB  Photronics (-0.0)


VLY Forecast + Options Trading Strategies   VLY  Valley National Bancorp (0.0)


DNA Forecast + Options Trading Strategies   DNA  Ginkgo Bioworks (-0.01)


HRL Forecast + Options Trading Strategies   HRL  Hormel Foods (0.01)


ASO Forecast + Options Trading Strategies   ASO  Academy Sports and Outdoors (0.01)



Anticorrelated Assets

Assets that tend to move strongly against RKT



SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.85)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.86)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.87)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.87)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.88)









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