RS Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: RS shows strong fundamental support with a 126.6% increase over five years. Backwardation suggests near-term spot price rise potential.




Bearish Case: Recent -5.1% three-month drop raises concerns amid broader market uncertainties. Elevated backwardation indicates potential for volatility spikes.




Potential Outcomes: 47% upward trend due to historical support and high call volume. 35% short-term volatility, 18% decline if market conditions worsen.




Trading Oracle: Sign Up to access trading oracle trade ideas.



January 14, 2025


Reliance Steel & Aluminum Forecast

RS        Reliance Steel & Aluminum

Processing data. Come back tomorrow!












Correlated Assets

Assets that tend to move strongly with RS



LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (0.76)


CMC Forecast + Options Trading Strategies   CMC  Commercial Metals (0.75)


MT Forecast + Options Trading Strategies   MT  New York Shares (0.73)


WMG Forecast + Options Trading Strategies   WMG  Warner Music (0.72)


DAR Forecast + Options Trading Strategies   DAR  Darling Ingredients (0.72)



Uncorrelated Assets

Assets with little price relationship to RS



NEXT Forecast + Options Trading Strategies   NEXT  NextDecade (-0.0)


DBX Forecast + Options Trading Strategies   DBX  Dropbox (-0.0)


GIII Forecast + Options Trading Strategies   GIII  G-III Apparel (0.01)


PRU Forecast + Options Trading Strategies   PRU  Prudential Financial (0.01)


COF Forecast + Options Trading Strategies   COF  Capital One Financial (0.01)



Anticorrelated Assets

Assets that tend to move strongly against RS



CALX Forecast + Options Trading Strategies   CALX  Calix (-0.48)


INSG Forecast + Options Trading Strategies   INSG  Inseego (-0.49)


BOIL Forecast + Options Trading Strategies   BOIL  ProShares Ultra Bloomberg Natural Gas (-0.52)


KO Forecast + Options Trading Strategies   KO  Coca-Cola (-0.54)


KDP Forecast + Options Trading Strategies   KDP  Keurig Dr Pepper (-0.55)









Become a more profitable investor with AI optimized trading strategies






×

Chat with RS


 Ask any question about RS!