| CMG latest price $1493.8300 (-2.14%) ($1490.0000 - $1519.9400) on Thu. Nov. 17, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 47 |
Latest Price | $1493.8300(-2.14%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CMG advances 0.3% a day on average for past five trading days. |
Weekly Trend | CMG advances 2.3% a week on average for past two weeks. |
Market Behavior | Normal 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(40%) QQQ(40%) IVW(39%) SPY(38%) ONLN(36%) |
Factors Impacting CMG price | CMG will decline at least -1.025% in a week (0% probabilities). TBT(-11%) VIXM(-4%) VXX(-3%) UUP(-3%) SHY(0%) |
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 | -1.025% (StdDev 2.05%) |
Hourly BBV | -1.9 () |
Intraday Trend | -0.2% |
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