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Bullish Case: ASAN's growth potential highlighted by strong Q2 revenue and persistent insider buying, signaling a rise despite a drop from the 2021 peak.


Bearish Case: ASAN's significant trading decline from 2021 peak and profitability issues underscore investor skepticism and potential further downside.


Potential Outcomes: 55% continuation of revenue expansion; 30% chance of stock price decline due to profitability struggles; 15% probability of heightened market volatility.


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March 29, 2024


Asana Forecast

ASAN        Asana
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with ASAN



MVIS Forecast + Options Trading Strategies   [MVIS]  Microvision (0.82)


AI Forecast + Options Trading Strategies   [AI]  C3.ai (0.82)


MTTR Forecast + Options Trading Strategies   [MTTR]  Matterport (0.79)


AZUL Forecast + Options Trading Strategies   [AZUL]  Azul (0.78)


EFC Forecast + Options Trading Strategies   [EFC]  Ellington Financial (0.77)



Uncorrelated Stock Forecasts

Assets with little price relationship to ASAN



SQ Forecast + Options Trading Strategies   [SQ]  Square (0.0)


AU Forecast + Options Trading Strategies   [AU]  AngloGold Ashanti Ltd (0.0)


LOW Forecast + Options Trading Strategies   [LOW]  Lowe's Cos. (-0.0)


BAND Forecast + Options Trading Strategies   [BAND]  Bandwidth (-0.0)


NICE Forecast + Options Trading Strategies   [NICE]  NICE (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ASAN



HIBB Forecast + Options Trading Strategies   [HIBB]  Hibbett Sports (-0.59)


STNG Forecast + Options Trading Strategies   [STNG]  Scorpio Tankers (-0.63)


ABBV Forecast + Options Trading Strategies   [ABBV]  Abbvie (-0.67)


GSK Forecast + Options Trading Strategies   [GSK]  Glaxosmithkline (-0.7)


BJ Forecast + Options Trading Strategies   [BJ]  BJ's Wholesale Club (-0.74)





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