AI RRC Forecast + Trading Strategies

Bullish Case: RRC's strong financial health amidst increasing natural gas demand suggests a potential rise in share price. With implied volatility trends indicating consistent support, traders could capitalize on upward price movements.


Bearish Case: Dependence on volatile natural gas prices may lead to sharp declines. Current price action shows mean-reverting tendencies, and potential regulatory impacts could further dampen RRC's outlook.


Potential Outcomes:

1) 55% chance of stable gas prices, boosting RRC;

2) 35% chance of rising volatility leading to increased risk;

3) 10% chance of regulatory challenges negatively impacting profits.


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September 24, 2024


Range Resources Forecast

RRC        Range Resources











Correlated Assets

Assets that tend to move strongly with RRC



CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (0.93)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.87)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (0.85)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.84)


AR Forecast + Options Trading Strategies   AR  Antero Resources (0.83)



Uncorrelated Assets

Assets with little price relationship to RRC



SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.0)


EBAY Forecast + Options Trading Strategies   EBAY  EBay (-0.0)


DIN Forecast + Options Trading Strategies   DIN  Dine Brands (0.0)


TXN Forecast + Options Trading Strategies   TXN  Texas Instruments (0.0)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (0.0)



Anticorrelated Assets

Assets that tend to move strongly against RRC



TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.77)


FXF Forecast + Options Trading Strategies   FXF  Rydex Investments - Invesco CurrencyShares Swiss Franc (-0.78)


LH Forecast + Options Trading Strategies   LH  Laboratory Corp. Of America (-0.79)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.82)


OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (-0.82)









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