Trading Signals: CEMI Stock Price Prediction and Forecast

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Wed. Nov. 25, 2020

Trading Signals: CEMI Stock Price Prediction and Forecast (Wed. Nov. 26, 2003 - Wed. Jul. 21, 2021)

(Chembio Diagnostics Inc)
CEMI latest price $5.3400 (0.85%) ($5.1800 - $5.4550) on Wed. Nov. 25, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.24% (three month average)
RSI   68
Latest Price   $5.3400(0.85%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CEMI advances 1.6% a day on average for past five trading days.
Weekly Trend   CEMI advances 9.5% a week on average for past two weeks.
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)
VIXM(28%)    GDX(22%)    PEJ(26%)    SIL(22%)    XME(18%)
Factors Impacting CEMI price   CEMI will decline at least -2.62% in a week (0% probabilities).
PCY(-98%)    QQQ(-55%)    IWF(-46%)    IVW(-44%)    XLK(-58%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility

Market Trend Strength   -2.62% (StdDev 5.24%)
Hourly BBV 0.9 ()
Intraday Trend 0%

5 Day Moving Average   $5.19(2.89%)
10 Day Moving Average   $4.9(8.98%)
20 Day Moving Average   $4.72(13.14%)
To recent high   -1.9%
To recent low   6.8%
Market Cap   $108m

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.

$. CEMI price fluctuates within 7.2% (three month std-dev: 5.24%) daily (68% of days).

Sample size 18 Average positive next day return: 2.46%(50%) Average negative next day return: -1.97%(50%) Sample size 18 Average positive next three day return: 3.37%(61%) Average negative next three day return: -4.59%(39%) Sample size 18 Average positive next weekly return: 4.24%(72%) Average negative next weekly return: -4.99%(28%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201225

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Nov_25_2020	5.28	4.72	4.9	5.19	5.18	5.28	5.34(0.85%)	UT	OpenLong	75	0.4	33	130	7	111	1.39	100%	0	26.4	5.24%	0.9	1.8	68	1.3
2	Nov_24_2020	5.28	4.68	4.81	5.11	5.1	5.18	5.3(2.02%)	UT	OpenLong	75	0.6	34	100	12	101	1.55	100%	0	20.3	5.26%	2.3	1.9	62	1.1
3	Nov_23_2020	5.28	4.67	4.7	4.97	5.01	5.08	5.19(2.47%)	UT	OpenLong	75	0.7	26	120	11	72	1.67	100%	-0.19	9.5	5.27%	2	1.7	62	1.1
4	Nov_20_2020	5.29	4.65	4.59	4.84	4.87	5.03	5.07(-0.3%)	UD	OpenLong	75	0.8	21	250	13	44	0.82	100%	0	-1.2	5.28%	1.2	1.5	58	1.2
5	Nov_19_2020	5.29	4.64	4.55	4.7	4.75	4.94	5.08(3.04%)	UT	OpenLong	75	1.4	17	310	14	25	1.06	100%	-10.49	-14.3	5.33%	1.2	1.6	56	1.3

6	Oct_27_2020	5.91	4.93	4.9	4.94	4.96	5.01	5.02(0.4%)	UT	OpenLong	75	0.6	2	80	2	1	0.65	100%	-1.5	67.3	5.06%	0.6	0.6	48	-0.5
7	Oct_26_2020	6	4.92	4.88	4.92	4.92	4.97	5(1.42%)	N/A	N/A	0	0.5	1	70	2	-4	1.09	100%	-10.58	61.3	5.09%	1.3	0.5	55	-0.4
8	Oct_9_2020	6.71	4.71	4.95	5.08	5.03	5.01	5.02(0.4%)	UT	OpenLong	75	-0.2	17	-60	3	58	1.31	100%	-1.61	89.5	5.96%	-0.4	0.9	54	2.6
9	Oct_8_2020	6.82	4.67	4.91	5.03	5.11	5.03	5(-0.3%)	UD	OpenLong	75	-0.1	15	-60	2	55	1.25	100%	-1.87	91.2	5.97%	-0.9	0.9	58	1.7
10	Oct_7_2020	6.95	4.62	4.83	5	5.07	5.04	5.02(2.24%)	UT	OpenLong	75	0.1	12	0	1	45	2.38	100%	-3.2	91.1	6.14%	-0.8	1.1	60	1

11	Oct_5_2020	7.18	4.52	4.75	4.95	4.98	5.11	5.45(13.44%)	UT	OpenLong	75	1.3	25	200	13	60	10.59	100%	-19.24	82.3	6.07%	1.6	2.4	73	0.6
12	Aug_21_2020	8.89	5.4	5.31	5.28	5.28	5.18	5.04(-3.63%)	DT	OpenShort	-75	-0.9	-8	-130	-2	-24	2.24	75%	-0.22	11.8	10.12%	-1.4	-1.3	34	1.4
13	Aug_20_2020	8.91	5.41	5.36	5.31	5.34	5.38	5.23(-5.34%)	DT	HoldShort	-50	-0.3	-5	70	1	-22	2.85	75%	-0.34	15.4	10.2%	-1	-0.7	46	1.5
14	Aug_19_2020	8.94	5.4	5.38	5.28	5.31	5.39	5.53(4.25%)	DP	OpenShort	-65	0.9	-5	120	1	-22	7.71	75%	0.11	14.6	10.2%	0.5	0.5	55	1.5
15	Aug_18_2020	8.93	5.38	5.41	5.27	5.23	5.31	5.3(-0.38%)	DT	OpenShort	-75	0.1	-4	80	-0	-16	2.36	75%	-0.11	11.2	10.24%	0.5	-0.3	58	1.8

16	Aug_17_2020	8.94	5.39	5.47	5.28	5.3	5.23	5.32(3.3%)	DP	OpenShort	-75	0.1	-4	-80	-2	-9	2.36	75%	0	12.1	10.25%	0.6	-0.2	58	1.9
17	Aug_14_2020	8.94	5.39	5.52	5.35	5.33	5.16	5.15(0.59%)	N/A	N/A	0	-0.7	-3	-230	-4	-0	2.12	81%	0	23.1	10.24%	0.1	-0.7	50	1.6
18	Aug_13_2020	8.94	5.37	5.56	5.42	5.46	5.38	5.12(-5.8%)	N/A	N/A	0	-1	0	-80	-3	9	4.85	81%	-0.56	40.4	10.38%	-1.4	-0.8	55	1.5
19	Aug_12_2020	8.99	5.36	5.6	5.48	5.45	5.51	5.44(1.4%)	UD	OpenLong	65	-0.1	1	60	-4	15	20.21	81%	-0.55	55.7	10.37%	-0.3	0.3	59	1.6
20	Aug_11_2020	9.04	5.36	5.57	5.58	5.46	5.54	5.36(-5.63%)	UD	OpenLong	65	-0.7	4	40	-3	23	3.57	81%	-0.55	79.1	10.37%	0	0	61	1.1

21	Aug_10_2020	9.09	5.35	5.54	5.69	5.59	5.4	5.68(3.46%)	UD	OpenLong	65	-0	5	-290	-2	27	2.36	81%	-0.44	106.9	10.36%	0	1	54	1.7
22	Aug_7_2020	9.13	5.3	5.51	5.69	5.66	5.39	5.49(0.92%)	UD	OpenLong	65	-0.6	7	-370	-2	34	5.01	81%	-0.54	103.2	10.35%	0	0.5	61	1.6
23	Aug_6_2020	9.18	5.24	5.47	5.73	5.82	5.78	5.44(-8.26%)	UD	OpenLong	75	-0.7	9	-0	-0	37	5.5	68%	-0.54	98.4	10.37%	0	0.5	60	1.7
24	Aug_5_2020	9.23	5.2	5.44	5.72	5.78	5.93	5.93(0.51%)	UT	OpenLong	75	0.4	16	210	7	41	3.19	74%	-0.54	103.2	10.41%	0	1.6	67	1.7
25	Aug_4_2020	9.28	5.11	5.34	5.54	5.58	5.86	5.9(0.51%)	UT	OpenLong	75	0.7	13	370	7	29	7.26	74%		95.7	10.61%	0	1.5	64	1.6
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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