SIMO Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Growing AI demand and recovery in semiconductor markets could drive SIMO higher, especially in the short term. Implied volatility may indicate potential appreciation due to upcoming catalysts.




Bearish Case: Continued macroeconomic pressures and high implied volatility may lead to SIMO experiencing downward price pressure, especially if confidence wanes in the semiconductor sector's recovery.




Potential Outcomes:

1) SIMO rallies to $60 within the next month (40%);

2) Price stagnates around current levels ($52-$55), remaining flat (30%);

3) Downturn to $45 due to market corrections (30%).




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



November 14, 2024


Silicon Motion Technology Forecast

SIMO        Silicon Motion Technology











Correlated Assets

Assets that tend to move strongly with SIMO



LRCX Forecast + Options Trading Strategies   LRCX  Lam Research (0.94)


UCTT Forecast + Options Trading Strategies   UCTT  Ultra Clean Hldgs (0.87)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.83)


VAL Forecast + Options Trading Strategies   VAL  Valaris (0.83)


STRA Forecast + Options Trading Strategies   STRA  Strategic Education (0.8)



Uncorrelated Assets

Assets with little price relationship to SIMO



APO Forecast + Options Trading Strategies   APO  Apollo (0.0)


CBRL Forecast + Options Trading Strategies   CBRL  Cracker Barrel Old Country Store (-0.0)


DB Forecast + Options Trading Strategies   DB  Deutsche (-0.0)


DQ Forecast + Options Trading Strategies   DQ  Daqo New Energy (0.0)


EWZ Forecast + Options Trading Strategies   EWZ  iShares MSCI Brazil (0.0)



Anticorrelated Assets

Assets that tend to move strongly against SIMO



LUMN Forecast + Options Trading Strategies   LUMN  Lumen (-0.79)


EPR Forecast + Options Trading Strategies   EPR  EPR Properties (-0.79)


COMM Forecast + Options Trading Strategies   COMM  CommScope (-0.82)


GILD Forecast + Options Trading Strategies   GILD  Gilead Sciences (-0.88)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.88)









Become a more profitable investor with AI optimized trading strategies






×

Chat with SIMO


 Ask any question about SIMO!