WRAP Forecast


Bullish Case: Expectation of rebound in WRAP price supported by relatively stable historical price returns, and recent AI analysis suggests possible undervaluation, presenting an opportunity for upward price action.


Bearish Case: Recent significant price drops and high implied volatility suggest ongoing market skepticism and potential further decline, exacerbated by flat recent price actions and high volatility in options market.


Potential Outcomes:

1. Rapid rebound: 20% chance.

2. Continued decline with high volatility: 45% chance.

3. Stabilization and gradual recovery: 35% chance; driven by historical performance and market analysis.


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April 24, 2024


Wrap Forecast

WRAP        Wrap
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with WRAP



WDFC Forecast + Options Trading Strategies   WDFC  WD-40 (0.89)


ROST Forecast + Options Trading Strategies   ROST  Ross Stores (0.88)


CVRX Forecast + Options Trading Strategies   CVRX  CVRx (0.86)


NOW Forecast + Options Trading Strategies   NOW  ServiceNow (0.86)


WDAY Forecast + Options Trading Strategies   WDAY  Workday (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to WRAP



AR Forecast + Options Trading Strategies   AR  Antero Resources (0.0)


BMRN Forecast + Options Trading Strategies   BMRN  Registered Shares (0.0)


MBB Forecast + Options Trading Strategies   MBB  BTC iShares MBS (0.0)


TER Forecast + Options Trading Strategies   TER  Teradyne (-0.01)


TTI Forecast + Options Trading Strategies   TTI  Tetra Technologies (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against WRAP



STAA Forecast + Options Trading Strategies   STAA  Staar Surgical (-0.81)


TH Forecast + Options Trading Strategies   TH  Target Hospitality Corp (-0.82)


RGR Forecast + Options Trading Strategies   RGR  Sturm, Ruger & Co. (-0.82)


SKIN Forecast + Options Trading Strategies   SKIN  Beauty Health Company (The) (-0.82)


FNV Forecast + Options Trading Strategies   FNV  Franco-Nevada (-0.86)





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