Back

Bullish Case: Bio-Rad secures a substantial credit facility, suggesting confidence from creditors. Recent mean-reverting price action and increased bullish risk hint at potential stabilization and growth.


Bearish Case: Bio-Rad's recent underperformance and the implied volatility suggest market skepticism. Historical price returns indicate risk of continued negative stock momentum.


Potential Outcomes: 50% chance stock stabilizes based on credit facility optimism; 30% chance continues underperformance due to recent trend; 20% chance of bullish correction if company product news emerges.


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


April 12, 2024


Bio-Rad Laboratories Forecast

BIO        Bio-Rad Laboratories
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with BIO



GOOS Forecast + Options Trading Strategies   GOOS  Canada Goose Holdings Inc (Subord Vot Shs) (0.91)


UL Forecast + Options Trading Strategies   UL  Unilever (0.89)


LSCC Forecast + Options Trading Strategies   LSCC  Lattice Semiconductor (0.88)


BYND Forecast + Options Trading Strategies   BYND  Beyond Meat (0.87)


MLI Forecast + Options Trading Strategies   MLI  Mueller Industries (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to BIO



WRBY Forecast + Options Trading Strategies   WRBY  Warby Parker (-0.0)


COCO Forecast + Options Trading Strategies   COCO  Vita Coco (-0.0)


INGR Forecast + Options Trading Strategies   INGR  Ingredion (0.0)


FXF Forecast + Options Trading Strategies   FXF  Rydex Investments - Invesco CurrencyShares Swiss Franc (-0.0)


PEG Forecast + Options Trading Strategies   PEG  Public Service Enterprise (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BIO



HRTG Forecast + Options Trading Strategies   HRTG  Heritage Insurance (-0.76)


UEC Forecast + Options Trading Strategies   UEC  Uranium Energy (-0.76)


ATGE Forecast + Options Trading Strategies   ATGE  Adtalem Global Education (-0.76)


LPG Forecast + Options Trading Strategies   LPG  Dorian LPG (-0.79)


CCJ Forecast + Options Trading Strategies   CCJ  Cameco (-0.8)





Become a more profitable investor with AI optimized trading strategies






×

Chat with BIO


 Ask me any question!