| CMG latest price $1701.0600 (-2.68%) ($1690.0000 - $1728.9900) on Tue. Sep. 13, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.59% (three month average) |
RSI | 61 |
Latest Price | $1701.0600(-2.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CMG advances 0.8% a day on average for past five trading days. |
Weekly Trend | CMG advances 2.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support CMG advance at 0% a week (0% probability) IWF(49%) IVW(48%) QQQ(48%) SPY(46%) SKYY(43%) |
Factors Impacting CMG price | CMG will decline at least -1.295% in a week (0% probabilities). TBT(-12%) VIXM(-10%) UUP(-10%) VXX(-4%) EDOC(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.295% (StdDev 2.59%) |
Hourly BBV | -1.7 () |
Intraday Trend | -0.5% |
| |
|
|