UWM Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: UWM shows possible upward momentum with current call volume suggesting bullish sentiment. Increased institutional support could fuel a breakout above key resistance levels.




Bearish Case: High implied volatility and historical return volatility indicate the potential for declines. A failure to maintain above support levels may trigger selling pressure.




Potential Outcomes:

1) UWM trends upward, with a 40% chance it breaks resistance above $46.

2) A decline towards $39 at 35% probability.

3) Consolidation around $43 with a likelihood of around 25%.




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October 27, 2024


ProShares Ultra Russell2000 Forecast

UWM        ProShares Ultra Russell2000











Correlated Assets

Assets that tend to move strongly with UWM



URTY Forecast + Options Trading Strategies   URTY  ProShares UltraPro Russell2000 (0.99)


VB Forecast + Options Trading Strategies   VB  Vanguard Group, Inc. - Vanguard Small Cap (0.96)


AVUV Forecast + Options Trading Strategies   AVUV  American Century ETF Trust - Avantis U.S. Small Cap Value (0.95)


TMHC Forecast + Options Trading Strategies   TMHC  Taylor Morrison Home (0.92)


QQQJ Forecast + Options Trading Strategies   QQQJ  Invesco NASDAQ Next Gen 100 (0.91)



Uncorrelated Assets

Assets with little price relationship to UWM



MT Forecast + Options Trading Strategies   MT  New York Shares (0.0)


ROK Forecast + Options Trading Strategies   ROK  Rockwell Automation (-0.01)


AAOI Forecast + Options Trading Strategies   AAOI  Applied Optoelectronics (0.01)


NICE Forecast + Options Trading Strategies   NICE  NICE (0.01)


CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (0.01)



Anticorrelated Assets

Assets that tend to move strongly against UWM



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


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.82)


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


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.88)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.89)









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