| CNC latest price $65.3000 (1.71%) ($64.4700 - $65.8300) on Mon. Oct. 12, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.2% (three month average) |
RSI | 91 |
Latest Price | $65.3000(1.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CNC advances 1% a day on average for past five trading days. |
Weekly Trend | CNC advances 8.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support CNC advance at 0% a week (0% probability) XLV(43%) DIA(41%) IWD(41%) SPLV(41%) IVE(40%) |
Factors Impacting CNC price | CNC will decline at least -1.1% in a week (0% probabilities). VIXM(-24%) UUP(-12%) VXX(-8%) TLT(-4%) IGOV(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.1% (StdDev 2.2%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.9% |
| |
|
|