Back

Bullish Case: Recent price appreciation, strong two-year return, and significant buying by institutional investors suggest continued upside, supported by a low price to book ratio [Helium][Helium][Helium].


Bearish Case: Weak earnings, negative market reaction, and long-term decline present downside risks, despite moderate recent gains [Business Insider][Helium].


Potential Outcomes:

1) Further appreciation with sustained investment (40% chance).

2) Stagnation amidst earnings concerns (40% chance).

3) Decline on negative sentiment (20% chance).


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


March 29, 2024


Helix Energy Forecast

HLX        Helix Energy
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with HLX



USL Forecast + Options Trading Strategies   [USL]  United States Commodity Funds LLC - United States 12 Month Oil (0.88)


BNO Forecast + Options Trading Strategies   [BNO]  United States Commodity Funds LLC - United States Brent Crude Oil (0.87)


UCO Forecast + Options Trading Strategies   [UCO]  ProShares Ultra Bloomberg Crude Oil (0.85)


USO Forecast + Options Trading Strategies   [USO]  United States Commodity Funds (0.85)


XOP Forecast + Options Trading Strategies   [XOP]  SPDR Oil & Gas Exploration and Production (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to HLX



DKS Forecast + Options Trading Strategies   [DKS]  Dicks Sporting Goods (0.0)


CRUS Forecast + Options Trading Strategies   [CRUS]  Cirrus Logic (0.0)


IBRX Forecast + Options Trading Strategies   [IBRX]  ImmunityBio (0.0)


BERY Forecast + Options Trading Strategies   [BERY]  Berry (-0.0)


TWLO Forecast + Options Trading Strategies   [TWLO]  Twilio (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HLX



BCE Forecast + Options Trading Strategies   [BCE]  BCE (-0.74)


BMEA Forecast + Options Trading Strategies   [BMEA]  Biomea Fusion (-0.75)


BTAI Forecast + Options Trading Strategies   [BTAI]  BioXcel Therapeutics (-0.78)


ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (-0.87)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.87)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!