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Bullish Case: ROOT's recent astronomical price increase indicates strong momentum and market resilience, suggesting further upside potential.


Bearish Case: Spectacular gains may prompt profit-taking, and low option trading volume hints at a potential plateau or upcoming correction.


Potential Outcomes: Considering the trend, there is a 60% chance of continued bullish momentum, 30% likelihood of a near-term correction due to profit-taking or external factors, and 10% chance of stagnation.


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April 03, 2024


Root Forecast

ROOT        Root
Price Forecast: BULLISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ROOT



REAL Forecast + Options Trading Strategies   REAL  Therealreal (0.75)


CVNA Forecast + Options Trading Strategies   CVNA  Carvana (0.74)


ING Forecast + Options Trading Strategies   ING  ING Groep (0.73)


IQV Forecast + Options Trading Strategies   IQV  IQVIA (0.72)


SG Forecast + Options Trading Strategies   SG  Sweetgreen (0.71)



Uncorrelated Stock Forecasts

Assets with little price relationship to ROOT



PCG Forecast + Options Trading Strategies   PCG  PG&E (0.0)


ALK Forecast + Options Trading Strategies   ALK  Alaska Air (-0.0)


CRMD Forecast + Options Trading Strategies   CRMD  CorMedix (0.0)


COLM Forecast + Options Trading Strategies   COLM  Columbia Sportswear (0.0)


SAND Forecast + Options Trading Strategies   SAND  Sandstorm Gold (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ROOT



UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.62)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.63)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.63)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.65)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.65)





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