SHIP Forecast


Bullish Case: Strong earnings, favorable macro conditions, fleet expansion, and high TCE rates suggest continued upward price movement. Support from analysts with Buy ratings and high valuations bolster bullish sentiment.


Bearish Case: High profit-taking risk, ongoing share dilution, and geopolitical instability in key regions may suppress value. Elevated near-term implied volatility suggests market uncertainty.


Potential Outcomes: Price spikes to $15 on favorable market conditions (60%); Prices remain flat due to profit-taking (30%); Prices dip to $10 from dilution and volatility (10%). Predictions adjusted based on high-volatility near-term forecast.


Trading Oracle: Trade bullish debit spreads (e.g., 14/15 call for Jan 2025) to capitalize on rising price and volatility. Low implied volatility till year's end suggests optimal entry. Monitor for geopolitical risks and profit-taking signals. High reward:risk with a favorable trend outlook.


July 18, 2024


Seanergy Maritime Forecast

SHIP      Seanergy Maritime











Correlated Assets

Assets that tend to move strongly with SHIP



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.93)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.44)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.77)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.82)



Uncorrelated Assets

Assets with little price relationship to SHIP



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.44)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.77)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.82)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.93)



Anticorrelated Assets

Assets that tend to move strongly against SHIP



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.93)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.44)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.77)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.82)





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