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AI SCVL Forecast + Trading Strategies


Bullish Case: Despite recent flat performance, SCVL's implied volatility suggests potential upside if consumer spending rebounds or positive earnings surprises occur. Enhanced digital strategies and a loyal customer base could drive growth.

Bearish Case: High implied volatility for puts indicates significant market concerns. A potential earnings miss or unfavorable market sentiment can trigger further declines, especially with slow growth outlooks from recent results.

Potential Outcomes:

1. Earnings beat expectations (25%);

2. Sustained flat market response (30%);

3. Consumer spending rebound (20%);

4. Negative reaction to competition (15%);

5. Increased promotional activity (10%).

Trading Oracle: Consider a bullish debit spread with SCVL options: Buy 45.00 C and sell 50.00 C (expiring 09/20/2024). This strategy capitalizes on potential volatility with manageable risk, offering a solid reward-to-risk ratio in a rising market scenario.

August 24, 2024


Shoe Carnival Forecast

SCVL      Shoe Carnival

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49 Day Price Forecast + Historical Performance.  Video Tutorial: Trade Smarter With Helium's AI Forecasts











Correlated Assets

Assets that tend to move strongly with SCVL


MMYT Forecast + Options Trading Strategies   MMYT  MakeMyTrip (0.96)


ITA Forecast + Options Trading Strategies   ITA  BTC iShares U.S. Aerospac (0.96)


JXN Forecast + Options Trading Strategies   JXN  Jackson Financial (0.96)


ACIW Forecast + Options Trading Strategies   ACIW  ACI Worldwide (0.96)


COOP Forecast + Options Trading Strategies   COOP  Mr. Cooper (0.96)



Uncorrelated Assets

Assets with little price relationship to SCVL


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.0)


SNY Forecast + Options Trading Strategies   SNY  Sanofi (-0.0)


AMBC Forecast + Options Trading Strategies   AMBC  AMBAC Financial (-0.0)


SONY Forecast + Options Trading Strategies   SONY  Sony Group Corporation (-0.0)


FIZZ Forecast + Options Trading Strategies   FIZZ  National Beverage (0.0)



Anticorrelated Assets

Assets that tend to move strongly against SCVL


PBT Forecast + Options Trading Strategies   PBT  Permian Basin Royalty (-0.92)


CPRI Forecast + Options Trading Strategies   CPRI  Capri (-0.92)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.93)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.93)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.94)


SCVL News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.



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