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Bullish Case: Upward price forecast of +0.62%, significant institutional acquisitions signal potential optimism and growth opportunity despite flat term structure and historical volatility.


Bearish Case: With recent price declines and underperformance against the S&P 500, potential exit by institutional investors may reflect diminishing confidence.


Potential Outcomes:

1) Slight rebound with continued institutional interest (probability: 55%).

2) Further decline if support levels fail amidst selling pressure (probability: 30%).

3) Flat performance if market sentiment remains uncertain (probability: 15%).


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April 05, 2024


Elanco Animal Health Forecast

ELAN        Elanco Animal Health
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with ELAN



TREX Forecast + Options Trading Strategies   [TREX]  TREX Co. (0.96)


XLF Forecast + Options Trading Strategies   [XLF]  Financial Select Sector SPDR (0.96)


IVV Forecast + Options Trading Strategies   [IVV]  BTC iShares Core S&P 500 (0.95)


APH Forecast + Options Trading Strategies   [APH]  Amphenol (0.95)


PAVE Forecast + Options Trading Strategies   [PAVE]  Global X Funds - Global X U.S. Infrastructure Development (0.95)



Uncorrelated Stock Forecasts

Assets with little price relationship to ELAN



BG Forecast + Options Trading Strategies   [BG]  Bunge (-0.0)


OHI Forecast + Options Trading Strategies   [OHI]  Omega Healthcare Investors (0.0)


BMRN Forecast + Options Trading Strategies   [BMRN]  Registered Shares (-0.0)


CORT Forecast + Options Trading Strategies   [CORT]  Corcept Therapeutics (0.0)


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



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ELAN



VXX Forecast + Options Trading Strategies   [VXX]  iPath Series B S&P 500 VIX Short-Term Futures (-0.9)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.9)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.95)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.96)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.96)





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