TRNS Forecast


Bullish Case: Strong historical returns, positive analyst outlook, and high implied volatility suggest continued bullish sentiment, supporting further price gains.


Bearish Case: High insider selling, significant implied volatility for far OTM puts, and potential for complications in new technologies might weigh down future price appreciation.


Potential Outcomes:

1. Continued strong adoption and revenue growth (70%).

2. Market skepticism due to procedural complications (20%).

3. Emerging technologies disrupt market (10%).


Trading Oracle: Deploy near-term debit call spreads to capitalize on bullish momentum indicated by high historical returns and bullish analyst outlook. Favor a 3-month horizon targeting $160. This strategy benefits from positive volatility trends while limiting downside risk.


July 23, 2024


Transcat Forecast

TRNS      Transcat











Correlated Assets

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NVT Forecast + Options Trading Strategies   NVT  nVent Electric (0.89)


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TEVA Forecast + Options Trading Strategies   TEVA  Teva- Pharmaceutical Industries (0.88)


JEF Forecast + Options Trading Strategies   JEF  Jefferies Financial (0.87)


IIPR Forecast + Options Trading Strategies   IIPR  Innovative Industrial Properties (0.87)



Uncorrelated Assets

Assets with little price relationship to TRNS



CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.0)


KOLD Forecast + Options Trading Strategies   KOLD  ProShares UltraShort Bloomberg Natural Gas (0.01)


UBT Forecast + Options Trading Strategies   UBT  ProShares Ultra 20+ Year Treasury (0.01)


BCRX Forecast + Options Trading Strategies   BCRX  Biocryst Pharmaceuticals (-0.01)


GUSH Forecast + Options Trading Strategies   GUSH  Direxion Daily S&P Oil & Gas Exp. & Prod. (0.01)



Anticorrelated Assets

Assets that tend to move strongly against TRNS



VRSN Forecast + Options Trading Strategies   VRSN  Verisign (-0.78)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.79)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.83)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.83)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.84)





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