SCI Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: The implied volatility surface suggests a bullish opportunity as uncertainty in the options market increases gradually over the short term, indicating potential upward price corrections. Additionally, historical price returns favor recovery within a year.




Bearish Case: High implied volatility readings and persistent bearish sentiment could lead to further downward pressure on SCI prices, especially with weak recent historical returns hinting at prolonged market weakness and investor apprehension.




Potential Outcomes:

1. Mean reversion drives SCI price back to $80 (40%).

2. Continued bearish trends push price to $70 (35%).

3. Market stabilization maintains mid-range pricing around $75 (25%).




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



October 20, 2024


Service Corp. International Forecast

SCI        Service Corp. International











Correlated Assets

Assets that tend to move strongly with SCI



HBI Forecast + Options Trading Strategies   HBI  Hanesbrands (0.93)


SPG Forecast + Options Trading Strategies   SPG  Simon Property Group (0.92)


SPYV Forecast + Options Trading Strategies   SPYV  SPDR Portfolio S&P 500 Value (0.9)


KIE Forecast + Options Trading Strategies   KIE  SPDR Series Trust - SPDR S&P Insurance (0.9)


XLV Forecast + Options Trading Strategies   XLV  Health Care Select Sector SPDR (0.9)



Uncorrelated Assets

Assets with little price relationship to SCI



FL Forecast + Options Trading Strategies   FL  Foot Locker (0.0)


AMBA Forecast + Options Trading Strategies   AMBA  Ambarella (0.0)


FXY Forecast + Options Trading Strategies   FXY  Invesco CurrencyShares Japanese Yen (-0.0)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.0)


BITF Forecast + Options Trading Strategies   BITF  Bitfarms (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against SCI



SAVE Forecast + Options Trading Strategies   SAVE  Spirit Airlines (-0.81)


VALE Forecast + Options Trading Strategies   VALE  Vale (-0.82)


CAR Forecast + Options Trading Strategies   CAR  Avis Budget (-0.83)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.85)


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.91)









Become a more profitable investor with AI optimized trading strategies






×

Chat with SCI


 Ask any question about SCI!