WDFC Forecast + Trading Strategies


Bullish Case: Positive growth trends in options volume and historical price, supported by favorable institutional investment and Helium's lower volatility forecast. Resilient sales and mean-reverting price action indicate potential upside.


Bearish Case: Current backwardation in options and market uncertainty, along with recent minor price decline. Elevated price-to-book ratio and higher put options volume imply bearish sentiment.


Potential Outcomes:

1. Mild price appreciation (40%) due to sales growth, institutional support.

2. Continued decline (35%) amid market volatility and backwardation.

3. Stagnation (25%) from mixed economic indicators.


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June 28, 2024


WD-40 Forecast

WDFC      WD-40











Correlated Assets

Assets that tend to move strongly with WDFC



STNE Forecast + Options Trading Strategies   STNE  StoneCo (0.9)


BOH Forecast + Options Trading Strategies   BOH  Bank of Hawaii (0.88)


BUG Forecast + Options Trading Strategies   BUG  Global X Cybersecurity (0.87)


HST Forecast + Options Trading Strategies   HST  Host Hotels & Resorts (0.86)


PFGC Forecast + Options Trading Strategies   PFGC  Performance Food (0.86)



Uncorrelated Assets

Assets with little price relationship to WDFC



PZZA Forecast + Options Trading Strategies   PZZA  Papa John's International (-0.0)


MAN Forecast + Options Trading Strategies   MAN  ManpowerGroup (-0.0)


LOCO Forecast + Options Trading Strategies   LOCO  El Pollo Loco (0.0)


NKE Forecast + Options Trading Strategies   NKE  Nike (0.0)


XRAY Forecast + Options Trading Strategies   XRAY  DENTSPLY Sirona (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against WDFC



SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.78)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.78)


FNV Forecast + Options Trading Strategies   FNV  Franco-Nevada (-0.79)


CRK Forecast + Options Trading Strategies   CRK  Comstock Resources (-0.81)


SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (-0.87)


WDFC News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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