Bullish Case: Historical 324.5% five-year growth and the recent flat market implying potential coiling for an uptrend. AI modest positive forecast reinforces near-term upside potential.


Bearish Case: UMC's short-term performance shows consistent decline with recent -6.2% in 90 days, predicting continuation of bear trend. Market implied volatility signals low expectations for a rally.


Potential Outcomes: UMC could

1) rise due to undervaluation and AI forecast: 35%,

2) stay flat as recent trends and low trade volume suggest: 40%,

3) fall due to bearish shorter-term performance: 25%.


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March 28, 2024


United Micro Electronics Forecast

UMC        United Micro Electronics
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with UMC



PI Forecast + Options Trading Strategies   [PI]  Impinj (0.76)


OMC Forecast + Options Trading Strategies   [OMC]  Omnicom Group (0.74)


TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (0.7)


CUBE Forecast + Options Trading Strategies   [CUBE]  CubeSmart (0.69)


EXR Forecast + Options Trading Strategies   [EXR]  Extra Space Storage (0.69)



Uncorrelated Stock Forecasts

Assets with little price relationship to UMC



ACMR Forecast + Options Trading Strategies   [ACMR]  ACM Research (0.0)


FBRT Forecast + Options Trading Strategies   [FBRT]  Franklin BSP Realty (-0.0)


SGML Forecast + Options Trading Strategies   [SGML]  Sigma Lithium (0.0)


TEX Forecast + Options Trading Strategies   [TEX]  Terex (0.0)


DBRG Forecast + Options Trading Strategies   [DBRG]  DigitalBridge (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against UMC



EQT Forecast + Options Trading Strategies   [EQT]  EQT (-0.63)


JDST Forecast + Options Trading Strategies   [JDST]  Direxion Daily Junior Gold Miners Index Be (-0.64)


XPEV Forecast + Options Trading Strategies   [XPEV]  XPeng (-0.64)


PTEN Forecast + Options Trading Strategies   [PTEN]  Patterson-UTI Energy (-0.66)


FNGR Forecast + Options Trading Strategies   [FNGR]  FingerMotion (-0.74)





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