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WDFC Forecast

Price Forecast:

80% Confidence

Bearish <-> Bullish

Bullish Case: WDFC's robust historical performance amidst current high options trading volume indicates potential price recovery. The market's favorable outlook towards long positions suggests confidence in continued demand for WD-40 products.

Bearish Case: Market backwardation combined with high implied volatility raises risks of price declines. Recent trading patterns signal potential overvaluation, suggesting that current bullish sentiment might not be sustainable.

Potential Outcomes: Continued growth (40%): Sustained sales momentum and competitive positioning.
Minor corrections (35%): Due to elevated volatility and market uncertainty.
Stagnation (25%): Resulting from low consumer demand and saturated markets.

Trading Oracle: Utilize a bullish debit spread by buying the WDFC $290 call and selling the $300 call, targeting an upside based on momentum, while simultaneously monitoring implied volatility. This strategy leverages a favorable risk-reward profile within a positive long-term outlook.

December 15, 2024

WD-40 Forecast

WDFC WD-40

Price Forecast
Future Uncertainty

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Correlated Assets

Assets that tend to move strongly with WDFC

S Sprint (0.8)

GDYN Grid Dynamics (0.8)

ILMN Illumina (0.78)

GILD Gilead Sciences (0.77)

VSCO Victoria's Secret (0.75)

Uncorrelated Assets

Assets with little price relationship to WDFC

ON ON Semiconductor (0.0)

DB Deutsche (0.0)

RKT Rocket Companies (0.0)

SII Sprott (0.0)

CYTK Cytokinetics (-0.0)

Anticorrelated Assets

Assets that tend to move strongly against WDFC

ST Sensata (-0.66)

OXY Occidental Petroleum (-0.66)

SHEL Shell Plc - ADR (Representing) (-0.68)

FRO Frontline (-0.7)

STNG Scorpio Tankers (-0.74)

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