Back

Bullish Case: With WTI up 8.6% in the past week and trading volume in the lower percentile, a minor catalyst could propel an outsized rally.


Bearish Case: Continued underperformance, -49.2% return from a year ago and flat implied volatility suggest ongoing low demand and bearish sentiment.


Potential Outcomes:

1. Slight rally on positive news (20%).

2. Sideways trading persists on low volume (50%).

3. Further decline on negative market factors (30%).


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


April 04, 2024


W & T Offshore Forecast

WTI        W & T Offshore
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with WTI



AGL Forecast + Options Trading Strategies   AGL  Agilon Health (0.88)


GPRE Forecast + Options Trading Strategies   GPRE  Green Plains (0.84)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (0.84)


VOD Forecast + Options Trading Strategies   VOD  Vodafone (0.82)


AMC Forecast + Options Trading Strategies   AMC  AMC Entertainment (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to WTI



DCOM Forecast + Options Trading Strategies   DCOM  Dime Community Bancshares (0.0)


EPR Forecast + Options Trading Strategies   EPR  EPR Properties (0.0)


GLW Forecast + Options Trading Strategies   GLW  Corning (-0.0)


DAVA Forecast + Options Trading Strategies   DAVA  Endava plc (-0.0)


DHR Forecast + Options Trading Strategies   DHR  Danaher (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against WTI



RACE Forecast + Options Trading Strategies   RACE  Ferrari (-0.85)


SPOT Forecast + Options Trading Strategies   SPOT  Spotify Technology (-0.85)


GWW Forecast + Options Trading Strategies   GWW  W.W. Grainger (-0.86)


FSS Forecast + Options Trading Strategies   FSS  Federal Signal (-0.86)


MSFT Forecast + Options Trading Strategies   MSFT  Microsoft (-0.86)





Become a more profitable investor with AI optimized trading strategies






×

Chat with WTI


 Ask me any question!