Trading Signals: CEMI Stock Price Prediction and Forecast

^ CEMI: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Wed. Feb. 10, 2021

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

(Chembio Diagnostics Inc)
CEMI latest price $7.9000 (-0.44%) ($7.9000 - $7.9000) on Wed. Feb. 10, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.79% (three month average)
RSI   80
Latest Price   $7.9000(-0.44%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CEMI advances 1.4% a day on average for past five trading days.
Weekly Trend   CEMI advances 9.4% a week on average for past two weeks.
Market Behavior   Normal for large cap. Growth stock sell-off for small cap.
Correlated ETFs   Broad market will support CEMI advance at 0% a week (0% probability)
VXX(11%)    ACES(-31%)    XLC(-35%)    UNG(-9%)    VWO(-15%)
Factors Impacting CEMI price   CEMI will decline at least -2.395% in a week (0% probabilities).
XRT(-12%)    ICLN(-30%)    IDRV(-29%)    IPO(-37%)    INDA(-35%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility

Market Trend Strength   -2.395% (StdDev 4.79%)
Hourly BBV 0.1 ()
Intraday Trend 0%

5 Day Moving Average   $7.75(1.94%)
10 Day Moving Average   $7.38(7.05%)
20 Day Moving Average   $6.8(16.18%)
To recent high   -0.4%
To recent low   56.9%
Market Cap   $159m

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 11.03% (three month std-dev: 4.79%) daily (68% of days).

Sample size 7 Average positive next day return: 0.23%(43%) Average negative next day return: -2.89%(57%) Sample size 7 Average positive next three day return: 5.49%(29%) Average negative next three day return: -2.66%(71%) Sample size 7 Average positive next weekly return: 10.65%(57%) Average negative next weekly return: -6.64%(43%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210310

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	Feb_10_2021	5.99	6.8	7.38	7.75	7.79	7.92	7.9(-0.44%)	UD	OpenLong	75	0.2	36	130	7	121	0.62	71%	0.5	94.9	4.79%	0.1	1.5	80	1
2	Feb_9_2021	5.96	6.68	7.24	7.64	7.71	7.86	7.94(1.86%)	UT	HoldLong	65	0.4	37	160	10	119	0.79	71%	0.68	92.4	4.79%	1	1.7	78	1.1
3	Feb_8_2021	5.92	6.55	7.13	7.51	7.56	7.66	7.79(3.52%)	UT	HoldLong	65	0.4	37	110	9	120	0.57	71%	0.51	91	5.11%	1.3	1.7	82	1.1
4	Feb_5_2021	5.89	6.41	7	7.38	7.44	7.55	7.53(-0.73%)	UD	OpenLong	75	0.2	40	130	12	124	0.33	71%	0.68	88.9	5.17%	0.5	1.5	81	1.1
5	Feb_4_2021	5.85	6.29	6.88	7.19	7.34	7.47	7.58(2.99%)	UT	HoldLong	65	0.5	41	190	16	116	0.55	71%	0.52	81.8	5.21%	1.1	1.7	78	1.1

6	Feb_3_2021	5.82	6.16	6.74	6.95	7.09	7.32	7.36(1.17%)	UT	HoldLong	65	0.6	36	290	12	108	0.53	71%	0.52	76.5	5.2%	0.7	1.6	81	0.7
7	Feb_2_2021	5.79	6.05	6.63	6.79	6.85	7.21	7.28(1.89%)	UT	HoldLong	65	0.7	34	390	9	109	0.91	71%	0.52	77	5.21%	1.4	1.8	80	-0.1
8	Feb_1_2021	5.76	5.94	6.49	6.7	6.69	6.86	7.14(8.68%)	UT	HoldLong	65	0.7	37	170	11	114	1.71	71%	0.52	76.3	5.22%	2.3	1.8	80	-1.3
9	Jan_29_2021	5.73	5.82	6.35	6.58	6.62	6.48	6.57(2.74%)	UT	HoldLong	65	-0	31	-130	3	115	0.76	69%	0.17	72.5	5.15%	-0.8	1.2	79	-2.7
10	Jan_28_2021	5.72	5.73	6.28	6.52	6.61	6.53	6.4(-2.37%)	UD	OpenLong	75	-0.2	32	-40	-0	129	0.94	69%	0.35	64.2	5.15%	-0.8	1.1	79	-2.2

11	Jan_27_2021	5.7	5.65	6.19	6.49	6.58	6.76	6.55(-4.52%)	UD	OpenLong	75	0.1	38	230	4	140	1.2	69%	0.35	55.3	5.19%	0.4	1.4	83	-3
12	Jan_26_2021	5.68	5.56	6.08	6.45	6.48	6.68	6.86(5.46%)	UT	HoldLong	65	0.7	50	230	17	149	2.47	69%	0.35	49.2	5.15%	3.7	2.1	78	0.3
13	Jan_25_2021	5.66	5.47	5.92	6.23	6.34	6.41	6.51(3.09%)	UT	HoldLong	65	0.5	41	130	11	132	0.87	67%	0.35	41	5.11%	2.4	1.8	78	0.8
14	Jan_22_2021	5.64	5.4	5.78	6.09	6.17	6.41	6.31(1.12%)	UT	HoldLong	65	0.4	36	160	6	125	0.62	67%	0.36	38.5	5.1%	0.9	1.8	80	1.5
15	Jan_21_2021	5.62	5.36	5.66	6.01	6.03	6.28	6.24(-1.19%)	UD	OpenLong	75	0.5	43	300	15	127	0.56	67%	0.18	37.1	5.11%	1.2	1.8	76	1.8

16	Jan_20_2021	5.61	5.32	5.53	5.83	5.95	6.06	6.32(8.97%)	UT	HoldLong	65	1.2	41	190	16	115	1.41	67%	0.36	30.9	5.12%	3.6	2.4	79	1.7
17	Jan_19_2021	5.59	5.27	5.42	5.66	5.71	5.79	5.8(0.17%)	UT	OpenLong	75	0.4	31	120	7	102	0.82	64%	0.18	17.4	5.01%	-0.8	1.6	67	1.3
18	Jan_15_2021	5.58	5.25	5.34	5.56	5.62	5.84	5.79(-1.78%)	UD	OpenLong	75	0.7	32	310	12	91	1.16	64%	0	-0.8	4.97%	-0.1	1.7	60	0.7
19	Jan_14_2021	5.58	5.21	5.24	5.43	5.51	5.64	5.89(9.38%)	UT	OpenLong	75	1.5	29	210	17	65	4.23	64%	0.18	-29.3	4.96%	0.9	2.3	59	1.2
20	Jan_13_2021	5.57	5.21	5.13	5.26	5.31	5.41	5.39(-0.83%)	UD	OpenLong	75	0.5	13	160	8	26	0.72	61%	-0.18	-71.1	4.83%	0.1	0.8	47	1.4

21	Jan_12_2021	5.58	5.19	5.06	5.17	5.22	5.37	5.43(2.16%)	N/A	N/A	0	1	2	230	4	-6	0.39	61%	0	-93	4.84%	1.2	0.9	46	1.1
22	Jan_11_2021	5.58	5.21	5.01	5.15	5.11	5.21	5.32(4.11%)	DP	OpenShort	-65	0.6	-1	110	6	-22	0.66	61%	0.18	-101.2	4.85%	1.7	0.4	46	0.2
23	Jan_8_2021	5.57	5.25	4.99	5.09	5.1	5.06	5.11(1.29%)	DP	OpenShort	-65	0.1	-4	-50	7	-36	0.6	61%	-0.18	-106.7	4.82%	-0.3	-0.4	42	1.6
24	Jan_7_2021	5.58	5.3	5	5.02	5.08	5	5.04(1.2%)	DP	OpenShort	-65	0.1	-10	-70	2	-44	0.59	61%	0	-101.5	4.82%	-1.1	-0.7	50	1.5
25	Jan_5_2021	5.58	5.44	5.09	4.92	4.98	5.16	5.29(4.97%)	DP	OpenShort	-65	0.7	-7	290	9	-53	0.54	66%		-77.9	4.93%	1.5	-0.3	45	-0.5
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

Click to see actual return for next trading day.