AI SHC Forecast


Price Forecast:


Bearish<->Bullish


Bullish Case: SHC's trends suggest increasing volume in medical devices and positive revenue growth, potentially driving upward momentum. Analysts' 'buy' ratings and historical recovery scenarios enhance confidence.


Bearish Case: High implied volatility coupled with legal concerns and ongoing valuation issues may deter investor sentiment, risking stagnation or further decline in SHC stock prices. Market focus on upcoming earnings could exacerbate jitters.


Potential Outcomes:

1) Revenue growth supported by medical device volumes (60%).

2) Legal concerns leading to price instability (30%).

3) Sustained investor interest spurring price recovery (10%).


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August 21, 2024


Sotera Health Forecast

SHC      Sotera Health











Correlated Assets

Assets that tend to move strongly with SHC



ZTS Forecast + Options Trading Strategies   ZTS  Zoetis (0.84)


NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (0.83)


COMM Forecast + Options Trading Strategies   COMM  CommScope (0.8)


SGRY Forecast + Options Trading Strategies   SGRY  Surgery (0.79)


UNFI Forecast + Options Trading Strategies   UNFI  United Natural Foods (0.79)



Uncorrelated Assets

Assets with little price relationship to SHC



BHVN Forecast + Options Trading Strategies   BHVN  Biohaven Pharmaceutical (0.0)


HEES Forecast + Options Trading Strategies   HEES  H&E Equipment Services (-0.0)


ARDX Forecast + Options Trading Strategies   ARDX  Ardelyx (-0.01)


SKYT Forecast + Options Trading Strategies   SKYT  SkyWater Technology (0.01)


HIMX Forecast + Options Trading Strategies   HIMX  Himax (0.01)



Anticorrelated Assets

Assets that tend to move strongly against SHC



SHEL Forecast + Options Trading Strategies   SHEL  Shell Plc - ADR (Representing) (-0.71)


SM Forecast + Options Trading Strategies   SM  SM Energy (-0.71)


SWBI Forecast + Options Trading Strategies   SWBI  Smith & Wesson Brands (-0.76)


AR Forecast + Options Trading Strategies   AR  Antero Resources (-0.81)


RRC Forecast + Options Trading Strategies   RRC  Range Resources (-0.81)





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