Bullish Case: ESTA has demonstrated a strong rebound over the last ninety days, with price appreciation of 45%. With a consensus 'Buy' recommendation and bullish sentiment reflected in raised holdings by major investors like Adage Capital, short-term upside appears promising.


Bearish Case: Despite recent gains, ESTA faces historical declines over the past year and significant skepticism as reflected in flat options term structure. Analyst expectations of continued earnings declines suggest underlying challenges persist, potentially pressuring stock price.


Potential Outcomes:

1. Positive earnings surprise leads to quick price appreciation (30%).

2. Earnings meet poor expectations, prolong bearish trend (40%).

3. Market mispricing volatility offers options trading opportunities (30%).


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April 19, 2024





Correlated Stock Forecasts

Assets that tend to move strongly with ESTA



OGN Forecast + Options Trading Strategies   [OGN]  Organon (0.92)


GPC Forecast + Options Trading Strategies   [GPC]  Genuine Parts (0.92)


XFOR Forecast + Options Trading Strategies   [XFOR]  X4 Pharmaceuticals (0.91)


NVCR Forecast + Options Trading Strategies   [NVCR]  NovoCure (0.9)


EL Forecast + Options Trading Strategies   [EL]  Estee Lauder Cos. (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to ESTA



VNQ Forecast + Options Trading Strategies   [VNQ]  Vanguard Real Estate Index (-0.0)


VEEV Forecast + Options Trading Strategies   [VEEV]  Veeva Systems (-0.0)


HZO Forecast + Options Trading Strategies   [HZO]  Marinemax (0.0)


EH Forecast + Options Trading Strategies   [EH]  EHang Holdings Ltd - (-0.0)


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



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ESTA



HDSN Forecast + Options Trading Strategies   [HDSN]  Hudson Technologies (-0.81)


PDD Forecast + Options Trading Strategies   [PDD]  Pinduoduo (-0.83)


IMVT Forecast + Options Trading Strategies   [IMVT]  Immunovant (-0.83)


AKAM Forecast + Options Trading Strategies   [AKAM]  Akamai (-0.85)


IONS Forecast + Options Trading Strategies   [IONS]  Ionis Pharmaceuticals (-0.87)


ESTA News over Time



2023-01-042023-05-022023-08-292023-12-252024-04-22News Mentions1816News Mentions


Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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