| CMG latest price $1866.1300 (0.92%) ($1854.0000 - $1877.9700) on Mon. Aug. 21, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.64% (three month average) |
RSI | 21 |
Latest Price | $1866.1300(0.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CMG advances 0.2% a day on average for past five trading days. |
Weekly Trend | CMG declines -1.6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support CMG advance at 0% a week (0% probability) VUG(51%) IWF(50%) XLK(48%) IVW(45%) QQQ(44%) |
Factors Impacting CMG price | CMG will decline at least -0.82% in a week (0% probabilities). VXX(-37%) VIXM(-35%) EDOC(-17%) UUP(-15%) UNG(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.82% (StdDev 1.64%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.7% |
| |
|
|