| CMG latest price $1600.7800 (1.04%) ($1561.8700 - $1603.9400) on Fri. Aug. 5, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.06% (three month average) |
RSI | 83 |
Latest Price | $1600.7800(1.04%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CMG advances 0.5% a day on average for past five trading days. |
Weekly Trend | CMG advances 8.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support CMG advance at 0% a week (0% probability) IVW(51%) IWF(51%) QQQ(51%) SPY(48%) SKYY(45%) |
Factors Impacting CMG price | CMG will decline at least -1.53% in a week (0% probabilities). VIXM(-14%) UUP(-12%) TBT(-11%) VXX(-4%) EDOC(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.53% (StdDev 3.06%) |
Hourly BBV | 1.5 () |
Intraday Trend | 2% |
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