Trading Signals: CEMI Stock Price Prediction and Forecast (Wed. Nov. 26, 2003 - Wed. Jul. 21, 2021)(Chembio Diagnostics Inc)
| CEMI latest price $5.0200 (0.4%) ($4.9200 - $5.1300) on Tue. Oct. 27, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.06% (three month average) | RSI | 48 | Latest Price | $5.0200(0.4%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | CEMI advances 0.4% a day on average for past five trading days. | Market Behavior | Value stocks sell-off for large cap. Value stock sell-off for small cap. | Correlated ETFs | Broad market will support CEMI advance at 0% a week (0% probability) BWX(61%) XRT(38%) TLT(99%) LQD(25%) CEMB(20%) | Factors Impacting CEMI price | CEMI will decline at least -2.53% in a week (0% probabilities). USO(-37%) PAVE(-33%) XLE(-32%) XME(-31%) XHB(-29%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | | | | Market Trend Strength | -2.53% (StdDev 5.06%) | Hourly BBV | 0.6 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $4.94(1.62%) | 10 Day Moving Average | $4.9(2.45%) | 20 Day Moving Average | $4.93(1.83%) | To recent high | -15.3% | To recent low | 0.4% | Market Cap | $101m | | | | Chembio Diagnostics, Inc. develops, manufactures, markets and licenses rapid point-of-care diagnostic tests that detect infectious diseases. The firm expanding its product portfolio based upon the proprietary Dual Path Platform, which uses a small drop of blood from the fingertip to provide cost-effective diagnostic results in approximately 15 minutes. Its products include human and veterinary diagnostics. The company was founded in 1985 and is headquartered in Hauppauge, NY. |