Bullish Case: Rising oil demand and bullish institutional investment suggest growth, with Valaris' mean-reverting price action and recent stock accumulation by hedge funds underscoring the upside potential.


Bearish Case: Reduced trading volume and a neutral AI forecast coupled with recent stock sales by asset managers indicate potential downside risks amid market uncertainty.


Potential Outcomes: 60% chance of modest growth with increased demand for offshore drilling (source [Yahoo], [Helium]). 25% chance of a downturn due to market wariness and institutional sell-offs (source [Helium], [americanbankingnews.com]). 15% chance of stagnation amidst contradictory indicators (source [Helium]).


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


April 10, 2024


Valaris Forecast

VAL        Valaris
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with VAL



NE Forecast + Options Trading Strategies   NE  Noble (0.95)


OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.93)


SBOW Forecast + Options Trading Strategies   SBOW  SilverBow Resources (0.87)


BKR Forecast + Options Trading Strategies   BKR  Baker Hughes (0.86)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to VAL



USFD Forecast + Options Trading Strategies   USFD  US Foods (0.0)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.0)


SQ Forecast + Options Trading Strategies   SQ  Square (0.0)


AXP Forecast + Options Trading Strategies   AXP  American Express (-0.0)


BTI Forecast + Options Trading Strategies   BTI  British American Tobacco (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against VAL



FL Forecast + Options Trading Strategies   FL  Foot Locker (-0.6)


TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (-0.64)


SAVA Forecast + Options Trading Strategies   SAVA  Cassava Sciences (-0.69)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.75)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.76)





Become a more profitable investor with AI optimized trading strategies






×

Chat with VAL


 Ask any question about VAL!