SRCL Forecast


Bullish Case: Stericycle's recent bullish momentum continues given WM acquisition, favourable recycled plastics market outlook, and strong trading volumes. Improving macro conditions could sustain upward trajectory.


Bearish Case: Concerns about integration risks with Waste Management, historically mean-reverting price action, and substantial put option volumes suggest potential downward pressure or volatility ahead.


Potential Outcomes:

1) Successful integration with WM: 60%.

2) Market concerns and regulatory issues delay approval: 20%.

3) Significant price volatility around $57.42: 70%.

4) Macro-economic downturn or sector-specific setback: 15%.


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


June 26, 2024


Stericycle Forecast

SRCL      Stericycle











Correlated Assets

Assets that tend to move strongly with SRCL



BURL Forecast + Options Trading Strategies   BURL  Burlington Stores (0.92)


ROST Forecast + Options Trading Strategies   ROST  Ross Stores (0.89)


WIX Forecast + Options Trading Strategies   WIX  Wix.com (0.88)


CRDO Forecast + Options Trading Strategies   CRDO  CRDO (0.87)


SPG Forecast + Options Trading Strategies   SPG  Simon Property Group (0.87)



Uncorrelated Assets

Assets with little price relationship to SRCL



BSY Forecast + Options Trading Strategies   BSY  Bentley Systems (-0.0)


TWO Forecast + Options Trading Strategies   TWO  Two Harbors Investment (0.0)


LNTH Forecast + Options Trading Strategies   LNTH  Lantheus (0.01)


HSIC Forecast + Options Trading Strategies   HSIC  Henry Schein (-0.01)


DT Forecast + Options Trading Strategies   DT  Dynatrace (0.01)



Anticorrelated Assets

Assets that tend to move strongly against SRCL



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.82)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.82)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.82)


SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (-0.82)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.83)





Become a more profitable investor with AI optimized trading strategies






×

Chat with SRCL


 Ask any question about SRCL!