| CMG latest price $2275.7000 (-2.75%) ($2273.6300 - $2349.5800) on Thu. Dec. 14, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.33% (three month average) |
RSI | 60 |
Latest Price | $2275.7000(-2.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CMG advances 0.4% a day on average for past five trading days. |
Weekly Trend | CMG advances 2.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support CMG advance at 0% a week (0% probability) SPY(86%) QQQ(64%) SPLV(64%) XLP(60%) XLK(51%) |
Factors Impacting CMG price | CMG will decline at least -0.665% in a week (0% probabilities). XHB(-51%) TIP(-44%) IWC(-52%) PCY(-44%) JETS(-44%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.665% (StdDev 1.33%) |
Hourly BBV | -1.4 () |
Intraday Trend | -2.9% |
| |
|
|